|Bid||69.68 x 3000|
|Ask||69.75 x 800|
|Day's range||69.62 - 70.39|
|52-week range||48.42 - 75.24|
|Beta (3Y monthly)||1.77|
|PE ratio (TTM)||10.14|
|Earnings date||15 Jul 2019|
|Forward dividend & yield||1.80 (2.89%)|
|1y target est||79.12|
Though Texas Capital Bancshares' (TCBI) Q1 performance reflects increase in revenues, as well as robust loan and deposit growth, higher expenses remain a concern.
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.45 per share, payable on May 24, 2019 to stockholders of record on May 6, 2019.
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
Citi has issued nine structured green bonds. The proceeds will be allocated exclusively to finance loans or investments made by Citi for assets or projects that meet Citi’s green bond eligibility criteria, which Citi developed to identify projects that contribute to climate change mitigation or promote sustainable infrastructure.
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the EstimatesMorgan Stanley’s first-quarter results Morgan Stanley (MS) reported its first-quarter results on April 17. The company reported an EPS of $1.39, which beat the consensus estimates of $1.17
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].
Citigroup has continued its real estate acquisition drive by buying its office building in Belfast, which is also another indication of the US bank’s commitment to the UK despite the uncertainties of Brexit. The Northern Irish deal follows Citi’s £1bn purchase of its London Canary Wharf skyscraper earlier this year and the acquisition of its New York global headquarters in Tribeca for $2bn in 2016.
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.
Citi has expanded its ETF custody and fund services capabilities to include EMEA domiciled ETFs, following the successful buildout of its ETF Services platform in the US, Latin America and Asia.
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.
Lower Q1 Revenue Drags Goldman Sachs Stock DownKey takeaways from Q1 Goldman Sachs (GS) posted mixed first-quarter results yesterday, with its revenue missing analysts’ estimate. It fell 13% YoY (year-over-year) due to lower revenue from equity
Investment management giant BlackRock on Monday reported first quarter earnings that blew away Wall Street’s expectations, bolstered by a jump in technology services.
Decent lending activity, relatively higher interest rates and efficient costs management support BofA's (BAC) Q1 earnings. However, weak investment banking and trading performance act as headwinds.
Wells Fargo: Multiple Analysts Downgraded the Stock(Continued from Prior Part)YTD stock performance So far, Wells Fargo (WFC) shares have underperformed its peers and the broader markets in 2019. Wells Fargo stock has risen 1.5% on a YTD
Wall Street was set to open higher on Tuesday, as stellar results from blue-chip companies including UnitedHealth and Johnson & Johnson lifted sentiment. Investors are banking on the ongoing first-quarter earnings to fuel Wall Street's rally this year from a late-2018 slump. UnitedHealth Group Inc rose 3% in premarket trading after the largest U.S. health insurer beat quarterly profit estimates and raised its adjusted earnings target for the year.
U.S. stock index futures inched higher on Tuesday, getting a lift from a clutch of upbeat quarterly reports from Bank of America, UnitedHealth and Johnson & Johnson. UnitedHealth Group Inc rose 1.2% in premarket trading after the largest U.S. health insurer beat quarterly profit estimates and raised its adjusted earnings target for the year. Johnson & Johnson gained 1.0% after the U.S. healthcare conglomerate beat quarterly profit estimates and raised its adjusted sales growth forecast for the year.
Credit extension by banks and bond issuance by local governments are supporting some kind of revival in infrastructure investment, and a 30 per cent rise in the Chinese equity market since the start of this year is helping to lift the intensely pessimistic mood that paralysed Chinese spending in the latter part of 2018. The stimulus policies that China started to introduce last summer, and intensified more recently, now seem to be reviving the patient. From the rest of the world’s point of view, all this is greatly to be welcomed, since China’s last round of stimulus, which lasted from late 2015 until late 2017, did something amazing to the global economy.