69.10 -1.27 (-1.80%)
Pre-market: 8:20AM EDT
|Bid||69.10 x 1000|
|Ask||69.09 x 1800|
|Day's range||69.85 - 70.74|
|52-week range||48.42 - 75.24|
|Beta (3Y monthly)||1.88|
|PE ratio (TTM)||9.79|
|Earnings date||15 Oct 2019|
|Forward dividend & yield||2.04 (2.94%)|
|1y target est||81.70|
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.
Shares of SmileDirectClub, Inc. Fell 28% on Their First Day of Trade By John Jannarone This is one record that’s nothing to smile about. Shares of SmileDirectClub, Inc., the much-hyped orthodontics disruptor, fell 28% Thursday after pricing at $23 each, above the indicative range of $19 and $22 per share. That is by far the […]
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.
Investing.com – Intel (NASDAQ:INTC) shares were rising strongly Wednesday, along with chip stocks generally, but a report from Citigroup has warned that the chipmaker faces a bumpy road in the second half of the end of the year, with rival Advanced Micro Devices (NASDAQ:AMD) hot on its tail.
Barclays' (BCS) latest job-cut move in its Japanese fixed-income trading arm comes in response to the challenging operating backdrop across the globe.
The Zacks Analyst Blog Highlights: Caterpillar, General Motors, Citigroup, Northrop Grumman and Walgreens Boots
JPMorgan Chase & Co lowered its outlook for 2019 net interest income by about $500 million on Tuesday, following similar moves by rival big banks Wells Fargo & Co and Citigroup Inc. "Our (net interest income) will be a little bit lower than we told you last time," Chief Executive Officer Jamie Dimon said at Barclays' Financial Services Conference in New York. On Monday, top brass from Citi and Wells Fargo tempered their outlooks for net interest income.
Vivendi on Tuesday denied a media report that the French media group was planning to buy the Berlusconi family's controlling stake in Italian broadcaster Mediaset at a steep premium. Italian website Lettera43 said Citigroup had approached former Prime Minister Silvio Berlusconi on behalf of Vivendi to offer to buy the family's 44% stake in Mediaset at more than 3.5 euros ($3.9) a share, well above Tuesday's closing price of 2.78 euros.
Team Citi will support Citi’s mission to foster a more inclusive society by shining a spotlight on the worldwide Paralympic Movement
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.
Saudi Arabia is accelerating plans for the initial public offering of state oil giant Saudi Aramco, according to people familiar with the company, aiming to list a sliver of the business on its domestic exchange by the end of this year. The move would see it initially float just 1 per cent of the world’s largest company by revenues in Riyadh as Crown Prince Mohammed bin Salman pushes to have a faster listing. Plans to sell up to 5 per cent of Aramco were first announced by Crown Prince Mohammed — who is widely known as MBS — three years ago as the centrepiece of his plan to overhaul the kingdom’s economy and ultimately reduce its reliance on oil, but have faced frequent delays.
JPMorgan Chase, the biggest US bank, is analysing how to cope with zero interest rates, chief executive Jamie Dimon told investors on Tuesday as he lowered the bank’s estimate for net interest income this year. Long term US interest rates have fallen sharply in recent weeks, as investors predicted the Federal Reserve would follow up July’s interest rate cut with several others. The Fed’s benchmark rate now stands at a range of 2.25 per cent to 2.5 per cent.
The August job-growth report indicates addition of 130,000 jobs, down from the commendable July figures, which might impact the Fed officials' further course of action.
Citigroup Inc has appointed Atiq Rehman, currently Middle East and Africa head at the U.S. bank, as the head of the newly created EMEA Emerging Markets Cluster, according to an internal email sent on Monday and seen by Reuters. The new cluster will consist of three sub-clusters: Middle East and North Africa (MENA), Sub-Saharan Africa (SSA), and Turkey, Russia, Ukraine and Kazakhstan (TRUK). "Atiq is one of our most experienced leaders, and the ideal candidate to harness the opportunities in the emerging markets by ensuring that we have the right team in place," the email said.
Mexico’s government has unveiled what it called a “realistic but conservative” 2020 budget that targets a 2 per cent rise in economic growth and a wave of social spending, but analysts warned that some of its key assumptions were too optimistic. Arturo Herrera, finance minister in the leftist administration led by President Andrés Manuel López Obrador, acknowledged a difficult international outlook had forced officials to rework their calculations after an escalation in US-China trade friction led to a weakening of the peso and oil prices. Mexico, Latin America’s second-biggest economy, is teetering on the brink of recession after a 0.2 per cent contraction in the first three months of this year. The 2020 growth projection in the budget would represent a jump from 0.6 per cent to 1.2 per cent this year and is based on assumptions of a 15 per cent rise in oil production and an increase in tax revenues that some analysts warned were too optimistic.
DUBAI/LONDON (Reuters) - Saudi Arabia plans a gradual listing of Aramco on its domestic market, sources familiar with the matter said on Monday, as it finalises the roles banks will play in the initial public offering (IPO) of the world's biggest oil company. The kingdom intends to list 1% of the state oil giant on the Riyadh stock exchange before the end of this year and another 1% in 2020, the sources said, as initial steps ahead of a public sale of around 5% of Aramco. Based on the indicated $2 trillion valuation that Saudi Aramco had hoped to achieve, a 1% float would be worth $20 billion, a huge milestone for the local stock market.