|Bid||24.42 x 800|
|Ask||0.00 x 900|
|Day's Range||24.12 - 24.87|
|52 Week Range||24.12 - 33.05|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||11.68|
|Earnings Date||Jan 16, 2019|
|Forward Dividend & Yield||0.60 (2.46%)|
|1y Target Est||34.13|
Banks get beaten down. What can fix the banks? With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Karen Finerman, Dan Nathan and Guy Adami.
Peter Borish talk market swings, what we should look for when investing in 2019 and he says the biggest risk for the markets is fiscal instability
Jim Cramer zooms through his responses to callers' stock questions about various sectors in "bear market mode."
Here are my predictions for the S&P 500, bank stocks, the Federal Reserve's move on interest rates and much more in the coming year.
Ryan McQueeney and Maddy Johnson discuss the latest trade war news, Under Armour's investor day, hemp legalization, and Robinhood's checking and savings accounts.
The S&P 500 fell 27 points or 1% as of 9:30 AM ET (14:30 GMT), while the Dow decreased 189 points, or 0.7%, and the tech-heavy Nasdaq Composite slipped 88 points, or 1.2%.
One 2019 trend to watch in the banking sector: big M&A deals between large regionals no longer held back by regulatory red tape.
The European Central Bank said on Friday it will take over supervision of the European operations of Barclays and Bank of America Merrill Lynch (BofAML) after they moved some businesses to Ireland from Britain because of Brexit. The two banks' Irish subsidiaries have previously been supervised by Irish authorities but their bigger size means they will now come under the ECB's watch. Bank of America announced this month that it had merged its UK banking entity into its Irish unit, employing over 800 people in Dublin and making the company its principal European banking entity.
Banks should not be allowed to use contingent convertible bonds, known in the market as AT1, to meet the capital requirements set by the European Central Bank, ECB supervisor Sabine Lautenschlaeger said ...
Moody's Investors Service has placed on review for upgrade the ratings of 20 tranches in 10 structured finance deals. Please click on this link http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF476698 for the list of affected credit ratings. Specifically, Moody's placed on review for upgrade the ratings of 20 tranches in 10 structured finance deals due to the direct linkage between the ratings of the structured finance securities and underlying ratings of the banks' obligations.
Ryan McQueeney discusses the end of the ECB's bond-buying policy and China's first major purchase of U.S. soybeans in months. He also highlights news affecting GE, Robinhood, Adobe, and Costco.
Bank stocks have not been performing well. As short-term rates increase faster than long-term rates, this lowers the yield curve. As the yield curve flattens, banks have a harder time with profitability.
After another rollercoaster start to the week, I would like to discuss three financial stocks that are likely to experience more volatility. Financial firms are sensitive to interest rate changes with the general view that they mostly benefit from rising interest rates. Could it be that the markets are pricing a slowing down of the U.S. and global economies?
Investing.com - The Dow rallied, but closed well below its session highs Wednesday, even as positive news on U.S. and China trade raised hopes that both nations may be able to find a way to resolve their bitter dispute.
Despite strong sales of its core offerings, near-term challenges have weighed down the stock. Now, TTWO stock has fallen to levels not seen since the spring. Due to this negative market psychology, winning with TTWO stock will require a unique set of gaming skills.
JPMorgan Chase & Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation's capital. Smaller branches, ATM kiosks and mobile phone apps are allowing the bank to go into markets more quickly and for less money now than five years ago, JPMorgan executives said. Washington is a prime battle ground, and JPMorgan considers the region the third biggest in the country by population and gross domestic product.
Life in London's financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centres like Paris, Frankfurt and Dublin. Without meaningful access to the EU's single market, the financial services sector is braced for a long goodbye to its status as the world's international trade and banking hub, more than a dozen senior industry players told Reuters. "It could be a slow puncture," said City of London leader Catherine McGuinness, flagging a steady drain of talent and activity from an industry that has wielded little influence in Brexit negotiations even though it generates about 10 percent of Britain's economic output.
Investing.com - Gold prices climbed on Wednesday morning in Asia, despite indications that the Federal Reserve might be more dovish on interest rates.
In the latest trading session, Bank of America (BAC) closed at $24.58, marking a -0.73% move from the previous day.