|Bid||113.33 x 1400|
|Ask||113.60 x 1400|
|Day's range||113.33 - 114.94|
|52-week range||91.11 - 119.24|
|Beta (3Y monthly)||1.08|
|PE ratio (TTM)||12.24|
|Earnings date||16 Jul 2019|
|Forward dividend & yield||3.20 (3.16%)|
|1y target est||117.69|
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.
JPMorgan director Mellody Hobson, George Lucas’s wife, disclosed that The GWL Living Trust bought $2 million more of the bank’s stock. The trust now owns 75,355 JPMorgan shares.
Tracking the movements of hedge fund managers can give investors a wealth of ideas. Here are three intriguing companies hedge funds have been buying up recently.
Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings. "All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of those things if we are distracted by the news cycle or things that are short-term by nature," Pinterest Chief Financial Officer Todd Morgenfeld said. Zoom Video Communications Inc shares also surged in the U.S. video conferencing company's first day of trading on Thursday, closing 72 percent above their IPO price of $36.
While Jamie Dimon isn't expected to leave anytime soon, the executive shuffle at JPMorgan could be 'hugely significant' for succession.
Citizens Financial's (CFG) Q1 earnings reflect expansion in net interest margin and higher fee income, partially offset by escalating expenses and provisions.
Regions Financial's (RF) Q1 earnings reflect expansion in net interest margin and lower expenses, partially offset by declining fee income.
Retail sales “smashed expectations” in March as consumers continued to power the UK economy, despite a sharp rise in credit card defaults, official figures showed on Thursday. Retail revenues were up 1.1 per cent last month compared with February, much better than economists’ expectations of a fall of 0.3 per cent, the Office for National Statistics said on Thursday. The figures, which relate to the first three months of this year, raise questions over the sustainability of consumer spending.
FT subscribers can click here to receive FirstFT every day by email. The US justice department will today release a redacted version of special counsel Robert Mueller’s report on Russian interference ...
JPMorgan Chase today announced the first winning cities in the AdvancingCities Challenge, an annual competition to source innovative and sustainable solutions to address the most persistent problems facing communities. The Challenge is part of AdvancingCities, the firm’s $500 million, five-year initiative to drive inclusive growth and create greater economic opportunity in cities.
JPMorgan Chase & Co. (JPM) announced today that Jennifer Piepszak, currently Chief Executive Officer of its Card Services business, will become Chief Financial Officer for the company and a member of its Operating Committee, effective May 1, 2019. Ms. Piepszak succeeds Marianne Lake, who will become Chief Executive Officer of Consumer Lending, which includes Card Services, Home Lending and Auto Finance. “Jennifer Piepszak is an enormously talented executive who has greatly strengthened the world-class Card Services business we have today,” said Jamie Dimon, CEO of the firm.
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
An array of U.S. companies have told the Trump administration that a citizenship question on the 2020 Census would harm business if it leads to an undercount of immigrants, undermining the data they use to place stores, plan inventory and plot ad campaigns. Corporate executives, lobbyists and representatives from major industry groups like the Chamber of Commerce, the National Retail Federation and the International Council of Shopping Centers have raised the issue in meetings with government officials, according to more than a dozen sources familiar with the matter. Some meetings date back to 2017, when the administration was first mulling adding the question.
Amid slump in investment banking and trading, Morgan Stanley's (MS) Q1 earnings beat estimates driven by loan growth and lower expenses.
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.
Goldman Sachs’s Q1 Earnings: What You Need to Know(Continued from Prior Part)OutlookGoldman Sachs (GS), which reported a drop in its Q1 earnings on April 15, outlined a series of efforts to improve its earnings in the coming quarters. The