|Bid||30.08 x 100|
|Ask||30.09 x 1300|
|Day's Range||31.940 - 32.030|
|52 Week Range||22.070 - 32.670|
|PE Ratio (TTM)||20.53|
|Earnings Date||Apr 16, 2018|
|Forward Dividend & Yield||0.48 (1.50%)|
|1y Target Est||34.34|
With interest rates rising, net interest margins for commercial banks (IYF) are increasing, which leads to an increase in ROE (return on equity). Due to expectations of more interest rate hikes by the Fed, the overall markets are expected to have a weaker performance. Goldman Sachs rewards its shareholders with share buybacks.
India's City Union Bank said on Sunday that "cyber criminals" had hacked its systems and transferred nearly $2 million through three unauthorised remittances to lenders overseas via the SWIFT financial platform. The comments come after the small private lender on Saturday had disclosed it had discovered the three "fraudulent remittances", which were sent via correspondent banks to accounts in Dubai, Turkey and China. Chief Executive Officer N. Kamakodi called it a "conspiracy" involving multiple countries, and added the lender was still investigating how it had happened.
Investors' optimism on the encouraging economic growth and Trump's infrastructure plan drive banking stocks higher.
Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they've come to expect from PayPal.
Bank of America (BAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Investorideas.com, a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com issues an exclusive podcast interview with Gino M. Pereira, the President and CEO of NXT-ID, Inc. (NXTD). Gino discusses the company's overall business strategy, its subsidiaries LogicMark, LLC and Fit Pay, Inc. and how the company's payment technology has evolved from the Wocket to flye and now Flip, its new contactless payment device created for the cryptocurrency market.
Lloyd Blankfein was a breezy opening act at a big industry event this week in Key Biscayne, Florida. On stage at the Ritz-Carlton the chairman and chief executive of Goldman Sachs was talking about Marcus, ...
Revenues at the world's 12 biggest investment banks fell to their lowest levels since 2008 last year, a survey showed on Friday, while a return to more volatile global markets in 2018 could be a mixed blessing for their business. "In January banks were thinking '2018 will be bad for equities revenues but not as bad as 2017', but now with the volatility of the last two weeks all bets are off," Amrit Shahani, research director at analytics firm Coalition said. Revenues for the 12 investment banks in the survey fell to $150 billion in 2017, a 4 percent decline on 2016, Coalition said, with falls in income from trading in equities and fixed income, currencies and commodities (FICC), two of their three main business lines, with the latter dropping 11 percent.
Commodities-related revenue at the 12 biggest investment banks fell by 42 percent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said on Friday. Revenue from commodity trading, selling derivatives to investors and other activities in the sector fell to $2.5 billion in 2017 from $4.3 billion the previous year, it said in a report. Revenue was the lowest since Coalition began analysing bank data in 2006, it said.
Amazon has reportedly teamed up with Bank of America to provide small loans to businesses that sell on the e-commerce site.
Bank of America Merrill Lynch Community Development Banking had a record-setting year in 2017, providing $4.53 billion in loans, tax credit equity investments and other real estate development solutions.
NEW YORK, NY / ACCESSWIRE / February 15, 2018 / U.S. markets rallied sharply from early losses Wednesday as inflation fears appear to be easing on Wall Street. The Dow Jones Industrial Average jumped 1.03 ...