|Bid||0.00 x 2200|
|Ask||0.00 x 1000|
|Day's Range||24.28 - 24.82|
|52 Week Range||24.28 - 33.05|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||11.64|
|Earnings Date||Jan 16, 2019|
|Forward Dividend & Yield||0.60 (2.36%)|
|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.
Moody’s says it foresees a “favorable operating environment” for banks in 2019 amid strong earnings and other positive economic indicators. Yahoo Finance’s Alexis Christoforous and Moody’s Investors Service VP & Senior Credit Officer Rita Sahu discuss.
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. It also doesn't seem to matter that interest rates continue to increase. As short-term rates increase faster than long-term rates, this lowers the yield curve.
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.
This article is a part of InvestorPlace’s Best ETFs for 2019 contest. Tom Taulli’s pick for the contest is the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ). For InvestorPlace.com’s Best ETFs contest for 2019, my pick is the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ).
The grants were primarily awarded to organizations that focus on solutions to poverty and homelessness, workforce skills training, and community development.
U.S. stock futures are trading higher this morning extending yesterday’s gains. After briefly breaching pivotal support at 2,600 the S&P 500 came roaring back to close back in its two-month trading range giving bulls a much-needed victory on Monday. Apple (NASDAQ:AAPL) saw renewed options interest on news that China was banning sales of its older models.
As PNC Financial Services Group Inc. joins more of the country’s biggest banks in extending its retail presence nationwide via a path paved by online platforms, what’s to stop Pittsburgh’s smaller financial institutions that have been buying their way into new markets from doing the same? “Even very small banks are tinkering with this to some extent,” said Matthew Schultheis, a banking analyst at Boenning & Scattergood. Many have been avid acquirers, spreading their footprints beyond the 10-county Pittsburgh metro, and within the past three years, several have posted significant growth.
BNY Mellon's (BK) plan to reward shareholders with additional share repurchases reflect strong fundamentals and solid liquidity position.