29.42 -0.17 (-0.57%)
Pre-market: 5:34AM EDT
|Bid||29.36 x 39400|
|Ask||29.45 x 1000|
|Day's range||29.57 - 30.13|
|52-week range||22.66 - 31.20|
|Beta (3Y monthly)||1.64|
|PE ratio (TTM)||10.53|
|Earnings date||16 Oct 2019|
|Forward dividend & yield||0.72 (2.41%)|
|1y target est||33.19|
State Street's (STT) dividend hike announcement is part of its 2019 capital plan. The approval of the plan by the Federal Reserve reflects the company's strong balance sheet position.
John Williams, president of the New York Fed, on Friday questioned the hesitance of the banks in an interview with the FT. “The thing we need to be focused on today is not so much the level of reserves [held at the Fed],” he said.
The Fed seeks to remain focused on analyzing incoming economic data to determine future moves. Heathy domestic economy and several streamlining efforts are likely continue supporting bank stocks.
Bank of America today announced findings from its annual 2019 Workplace Benefits Report, which reveals that more than twice as many companies are offering workplace financial wellness programs to employees today compared to four years ago (53 percent today versus 24 percent in 2015). Now in its ninth edition, this report tracks the importance of benefit programs and uncovers an expanded set of opportunities for employers to improve their employees’ financial wellness. Majority of employees feel financially well: 55 percent of employees today rate their own financial wellness as good or excellent, down from 61 percent a year ago.
As part of its 2019 capital plan, JPMorgan (JPM) announces a 12.5% dividend hike. One should take a look at its fundamentals and prospects before taking any investment decision.
Seventy percent of mentored small businesses survive past the five-year mark—nearly twice the rate of non-mentored businesses . As part of a shared commitment to empower small businesses, Mastercard and Bank of America are announcing the third annual Grow Your Biz Contest, which calls on small business owners to pitch their business growth plans for the opportunity to win $25k and business consultation with industry experts . “We’re excited to partner with Mastercard for the third year of this contest and look forward to working with creative and passionate business owners from all over the country,” said Sharon Miller, head of Small Business, Bank of America.
Investing.com – Wall Street fell after a weekend attack on Saudi Arabian oil installations crippled 5% of the world’s oil supply, raising fears for the global economy and increasing the risk of war between the U.S. and Iran.
Rising long-term treasury yields are likely to support banks' financials to some extent. But lower interest rates and other concerns are expected to be headwinds.
Deutsche Bank (DB) agrees to pay settlement charges despite not admitting the allegations. Also, it agrees to share information with the regulators that can help prove other banks guilty.
The question goes to the heart of securities markets, which routinely churn billions of dollars of orders per day. Without it, they cannot meet regulatory requirements such as getting the best price on trades, reporting transactions or valuing assets.
Challenging operating backdrop and muted loan growth are likely to continue to adversely impact Morgan Stanley's (MS) prospects in the second half of 2019.
Zacks Market Edge Highlights: UnitedHealth, Centene, MasTec, Bank of America and Bristol-Myers Squibb
Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of p
One month ago, Eliezer Cariño walked across the Venezuelan border into Brazil’s impoverished Roraima state, making the gruelling 220km journey to the capital Boa Vista on foot. “In Brazil, you can find food. The second is the absence of options upon arrival in Brazil.
FDIC-insured commercial banks and savings institutions' stellar Q2 earnings benefit from higher net operating revenues and loan growth, partly muted by higher provisions and expenses.
Though the latest steepening of the yield curve benefited bank ETFs on Sep 9, chances of volatility in the longer-term period may keep gains in bank ETFs at check.