|Bid||30.01 x 47300|
|Ask||30.02 x 41800|
|Day's range||29.82 - 30.16|
|52-week range||22.66 - 31.91|
|Beta (3Y monthly)||1.54|
|PE ratio (TTM)||11.16|
|Earnings date||17 Jul 2019|
|Forward dividend & yield||0.60 (2.17%)|
|1y target est||33.33|
Taking a more integrated approach to financial stewardship, advisory firms are relying on teams offering both investment advice and related services. It’s paying off nicely for advisory practices and their clients.
Wall Street’s top six banks posted a decidedly mixed set of results for the first quarter, with retail banks generally triumphing over their more capital markets focused rivals and dealmakers having a better time of it than traders. Investor reaction was most decisive against Goldman Sachs. Analysts attributed the fall to Goldman’s decision to defer a much-anticipated strategic update until early next year.
A judge on Thursday ordered banks to comply with a request from Puerto Rico's federally created financial oversight board to disclose customer information related to certain debt issued by the bankrupt U.S. commonwealth. The ruling boosts a potential effort by the board to recover billions of dollars in payments made to bondholders should a federal court hearing Puerto Rico's bankruptcy cases choose to invalidate disputed debt issued by the government and its agencies. U.S. Magistrate Judge Judith Gail Dein's order said "good cause exists" to grant the board's motion, which seeks to compel banks to submit bondholder names and addresses along with Puerto Rico debt payments the bondholders received between 2013 and 2017.
A new study by Merrill conducted in partnership with Age Wave finds that financial independence defines adulthood today (75 percent) – more so than the traditional milestones of employment (61 percent), homeownership (30 percent) or starting a family (20 percent). The study also found that despite unique financial challenges, today’s women are progressing through early adulthood faster and more successfully than men. The study revealed that one in four early adults with a retirement account have already made an early withdrawal, primarily to pay off credit card or student loan debt.
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Asset quality Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter. The net
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Revenues missed the estimate Bank of America (BAC) posted total revenues, net of the interest expense, of $23.0 billion. The revenues were roughly flat compared to
“The stock should remain a core holding,” Ken Usdin of Jeffries says, but now isn’t the time to invest new money in the name, saying there is “not enough upside.”
Amid slump in investment banking and trading, Morgan Stanley's (MS) Q1 earnings beat estimates driven by loan growth and lower expenses.
Why Bank of America’s Q1 Results Didn't Lift Its StockWhat restricted the upside in stock? On April 16, Bank of America (BAC) announced mixed first-quarter results. The YoY (year-over-year) improvement in the net interest due to continued growth in
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes? Let's find out.
Investment banks are now earning more from trading emerging-market currencies than from the major G10 markets, as wild swings in the likes of the Turkish lira contrast with relative calm in the dollar, euro and yen. Disappointing earnings at the trading divisions of investment banks like Goldman Sachs underscore the slowdown in trading revenues, including forex revenue. The slowdown is particularly acute in G10 currencies: the U.S., Australian, Canadian and New Zealand dollars, the euro, yen, Swiss franc, sterling and the Swedish and Norwegian crowns.
Investing.com - Shares in Morgan Stanley (NYSE:MS) rose to their highest level in seven months after the bank appeared to navigate volatility in global markets in the first quarter slightly better than the market had expected.
At JPMorgan Chase and Bank of America, bank deposits and loans grew and lending margins widened. Retail net interest income rose 11 per cent at Chase and 10 per cent at BofA, to $9.4bn and $7.1bn, respectively. “Look at the banks’ different businesses — corporate and investment banking is not a source of growth, and asset management is not [either].
U.S. stocks treaded water on Tuesday, as a surge in healthcare companies fizzled out and ahead of earnings reports from other big names including Netflix. Johnson & Johnson pared gains and was up 1.8%, while insurer UnitedHealth Group Inc reversed course to trade down 4.5%, pulling the healthcare sector 1.1% lower.
Lower Q1 Revenue Drags Goldman Sachs Stock Down(Continued from Prior Part)Analysts’ activity After Goldman Sachs (GS) posted mixed first-quarter results yesterday, KBW lowered its target price to $210 from $215, and BMO reduced it to $260 from
U.S. stocks edged higher on Tuesday, as an advance in technology shares and a jump in Johnson & Johnson following strong results countered losses in UnitedHealth and Bank of America. Johnson & Johnson gained 4.5% after the healthcare conglomerate beat quarterly profit estimates and raised its adjusted sales growth forecast for the year.