JPMorgan Chase Co.’s (JPM)chief executive, Jamie Dimon, was the highest-paid CEO in the U.S. banking sector last year, snagging a tidy $28.3 million in total compensation, up 3.9% from the previous year, according to S&P Global Market Intelligence. Bank of America Corp. (BAC)CEO Brian Moynihan came in second place with total compensation of $21.3 million, according to the data company, followed by Michael Corbat, CEO of Citigroup Inc. (C) , who took home $17.8 million. The surprise: Fourth place went to Timothy Sloan of Wells Fargo & Co. Inc. (WFC) , who took home $17.5 million, even as his bank continued to slowly recover from a series of scandals involving the creation of unauthorized accounts and imposition of other products and fees on unsuspecting customers.
Here's how the Millennial habit known as "ghosting" has moved beyond the dating world and into the workplace #tictocnews More from Bloomberg.comTrump Lines Up Fed Chairman as Fall Guy If Tax
Many newly minted MBA graduates have entertained several job offers, with many of those positions paying $125,000 or more. The future looks bright for some MBA graduates, but not all newly minted business school grads are optimistic. Many new MBA graduates — 46 percent — have had job offers for $125,000 or more, according to a new survey from Training the Street, a provider of educational courses to organizations including Wall Street banks and MBA programs.
Advanced Micro Devices Inc. earnings are expected to benefit from a rare surge in PC sales and what are seen as competitive gains against chip giant Intel Corp., but huge gains in the stock recently are subject to pullbacks given AMD’s traditional volatility following earnings. AMD (AMD) is scheduled to report quarterly earnings after the close of trading Wednesday. Recently, research firms Gartner Inc. and International Data Corp. reported that quarterly PC shipments saw their strongest year-over-year growth in six years, and analysts see AMD benefiting from that.
Shares of Tesla Inc fell as much as 6.6 percent on Monday after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit. Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091?mod=hp_lead_pos4 on Sunday citing a memo. The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla's continued operation and characterized it as an investment in the car company to continue the long-term growth between both players.
The Papa John's board of directors has adopted a limited-duration stockholder rights plan to prevent the company's founder, John Schnatter, from taking control of the company. Schnatter resigned as chairman of the board earlier this month after he admitted to using a racial slur on a conference call. The pizza chain Papa John's has adopted a so-called poison pill designed to prevent the company's founder, John Schnatter, from taking over the company.
On Friday, Doug Kass announced that he is in the process of liquidating most of his long positions. He is holding onto some gold and inverse ETFs. Doug has a long list of arguments for his move that sound quite compelling. There is no question that
Warren Buffett’s investing deputy, Todd Combs, helped the billionaire investor in his effort to exit Berkshire Hathaway Inc.’s stake in USG Corp. Combs and Buffett held a call with Knauf, which was bidding for USG, and its bankers in March to propose an option for Knauf to acquire Berkshire’s stake in USG, according to a regulatory filing Friday. Berkshire later disclosed that Knauf option publicly, bringing to light a deal that would eventually result in a rare instance of Berkshire opposing USG management and a $7 billion bid from Knauf to buy the wallboard maker.
Tech stocks are still where the best action is at. This made us wonder: how is the top analyst on Wall Street choosing to invest? TipRanks -- a platform that ranks Wall Street analysts on financial calls -- pinpoints Canaccord's Richard Davis as the Street's best-performing analyst.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Alphabet Inc. GOOGL, Microsoft Corporation MSFT, IBM Corp. IBM and Micron Technology, Inc MU. Today, Zacks is promoting its ''Buy'' stock recommendations.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price.
Shares of General Electric (GE) took a tumble after the struggling industrial giant reported second-quarter earnings on Friday, and the Street is mixed on how investors should interpret the results, and GE's longer-term outlook. Melius Research's Scott Davis reiterated a Buy rating and $27 price target–which is more than double where the stock is trading this morning.
Fiat Chrysler Automobiles says that the executive in charge of its business in Europe and the Middle East has resigned following long-time CEO Sergio Marchionne's early exit due to his deteriorating health. Alfredo Altavilla resigned Monday, days after the board named the head of Jeep, Mike Manley, to replace the 66-year-old Marchionne as CEO after 14 years in the role. Altavilla, 54, was considered one of the top contenders for the job, and played a key role in the talks for Fiat to acquire Chrysler.
Trump has drawn the auto industry into a trade war that it doesn't want. In the past, Detroit has been willing to deal with Trump, but now it finds itself in an awkward position. The best outcome might be for Trump to win his trade war and declare victory, while essentially nothing changes for the car business.
Comcast Corp CMCSA is set to report second-quarter 2018 results on Jul 26.In the trailing four quarters, the company delivered an average positive earnings surprise of 5.95%, beating estimates in each. In the last reported quarter, the company’s adjusted
No one can say millennials aren't optimistic. It won't be easy, but retirement planning experts weighed in on how they can reach that lofty goal. Millennials who are just beginning to earn an income or who still might be in college probably don't think saving for retirement should be a big priority when they're just starting out.
American Electric Power Company, Inc. AEP is set to release second-quarter 2018 results on Jul 25, before the market opens. Last quarter, this electric utility company reported a negative earnings surprise of 3.03%. During first-quarter 2018 earnings call, American Electric announced its expectation for rate case outcomes from the commissions of the states — Oklahoma, Arkansas, Louisiana and Texas — in the months of May and June 2018.
Glenview, Ill.-based Illinois Tool said it had earnings of $1.97 a share, which was in-line with analysts' expectations, according to FactSet. Illinois Tool Works now expects third-quarter earnings between $1.80 and $1.90 per share, below the FactSet consensus of $1.98 per share. ITW attributed this revision to an expected 12 cents negative currency impact.
Advanced Micro Devices, Inc.'s ( AMD) stock is about to go on an even bigger ride than the stock has had thus far in 2018. Later the company reported blockbuster results at the end of April, and since then shares have surged by more than 73%, rising to $16.50. The options market suggests that massive volatility will pick up again after the company reports second-quarter results on July 25 after the close of trading.
Investors in the popular FAANG acronym shouldn't let a harsh market reaction to mixed earnings from component Netflix shake their confidence. Piper Jaffray analyst Michael Olson continues to expect the FAANG complex to outperform for the rest of
Bank stocks are poised to put money into your pocket longer-term. The combination of rising interest rates (which supports profit margin expansion for banks), attractive dividends and cheap valuations makes banks a worthwhile sector to bet on, suggests
In an unusual move, Tesla reportedly asked some suppliers to return part of the money it's paid them since 2016, including for past work. According to the Wall Street Journal, which reviewed a memo Tesla sent to a supplier last week, the electric auto maker said it is asking suppliers for refunds to help it reach profitability. This stokes concerns about the company’s cash flow, despite earlier assurances from Tesla founder and CEO Elon Musk that it will be profitable in the third and fourth quarters of this year.
"We talked a month ago on our June 26 announcement that our plan is to materially shrink the GE Capital balance sheet and we're evaluating multiple structural options across a lot of things to de-risk GE Capital," GE Chief Financial Officer Jamie Miller told TheStreet in a phone interview Friday. GE's Chief Executive Officer John Flannery last month acknowledged that management is working to reduce its long-term care exposure, which forced the company to book a $6.2 billion after-tax charge during the fourth quarter of 2017 and to commit to $15 billion in further contributions over the next seven years to shore up its reserves.
Investors in Square, Inc. SQ need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Last week, a handful of U.S. conglomerates reported their numbers for the April-June quarter of 2018. Results and projections given by these companies drove the Zacks Conglomerates sector up by 0.1%. With a meager improvement in the sector last week, we believe that important releases in this week and the next are going to be a major determinant in the movements of the Conglomerates sector.