|Bid||29.56 x 800|
|Ask||29.74 x 3000|
|Day's Range||29.64 - 30.01|
|52 Week Range||22.75 - 33.05|
|PE Ratio (TTM)||17.21|
|Earnings Date||Oct 15, 2018|
|Forward Dividend & Yield||0.48 (1.65%)|
|1y Target Est||34.54|
Shares of Alcoa plunge after reporting earnings, while Bank of America retests their prior breakout spot. Here are our top stock trades for Friday:Top Stock Trades for Tomorrow #1: AA
Bitcoin was trading at $7,422.80, inching down 0.05% on the Bitfinex exchange, as of 8:29 AM ET (12:29 GMT). The digital asset was below its Wednesday high of $7,506.10.
The Financial Select SPDR (NYSEARCA:XLF) has broken above its 200-day moving average for the first time since May. The S&P Capital Markets ETF (NYSEARCA:KCE) has jumped over its 50-day moving average, setting up a run at its year-to-date highs. Goldman Sachs (NYSE:GS) shares are testing above their 50-day moving average, threatening to end a persistent downtrend going back to March that resulted in a peak-to-trough decline of 20%. The company reported better-than-expected results this week, driven by an 18.2% rise in investment banking revenue.
U.S. stock futures are trading lower this morning amid renewed trade war fears. This time, President Donald Trump has refocused his attention on the European Union. Yesterday, Trump threatened “tremendous retribution” against the EU if next week’s meeting fails to bring a fair trade deal on autos.
If you're a shareholder in Arconic or Bank of America, you started your week feeling pretty good. If you're a Papa John's investor...perhaps not.
Discussions between advisors and high net worth (HNW) clients about philanthropy are on the rise, finds the U.S. Trust Study of the Philanthropic Conversation, as clients report advisors to be a valuable source of information, second only to their spouse or partner. For instance, many advisors underestimate their clients’ desire to discuss philanthropy early in their advisory relationship and overestimate the importance of tax benefits as a motivation for giving. To better understand advisors’ approach to and HNW individuals’ expectations of these discussions, U.S. Trust, Bank of America Private Wealth Management, partnered with The Philanthropic Initiative (TPI) on a nationwide survey of more than 300 advisors – including wealth advisors, trust and estate attorneys, accountants and other tax professionals – and a random sample of more than 100 HNW individuals with $3 million or more in investable assets who are actively engaged in charitable giving and who engage at least one of these advisor types.
Much-maligned General Electric (NYSE:GE) stock is the most heavily traded stock in the market. According to Bloomberg, the average trading volume on GE stock in 2018 is a whopping 80 million shares a day. The spike in trading volume is mostly due to the fact that GE stock is a near-$10 stock (low price) that is widely covered and followed by the media, analysts and investors (lots of catalysts).
(Reuters) - Morgan Stanley's (MS.N) better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks. The U.S. banking industry has benefited from a cut in ...
The nation’s largest banks — such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley — have operations around the country. Here are other recent stories reported by The Business Journals and other media outlets.
A subtle peace has emerged in Wall Street's long-running broker recruiting wars, Morgan Stanley (MS.N) Chief Executive Officer James Gorman said on Wednesday. Firms like Morgan Stanley have realized they no longer need to depend on poaching employees from rivals to boost revenue, he said, and are focussed instead on earning more from a stable roster of existing brokers. "The amount of recruiting they're doing from each other is very small, and it's small for good reason though," Gorman said on a conference call with analysts to discuss second-quarter results.
A subtle peace has emerged in Wall Street's long-running broker recruiting wars, Morgan Stanley Chief Executive Officer James Gorman said on Wednesday. Firms like Morgan Stanley have realized they no longer need to depend on poaching employees from rivals to boost revenue, he said, and are focused instead on earning more from a stable roster of existing brokers. "The amount of recruiting they're doing from each other is very small, and it's small for good reason though," Gorman said on a conference call with analysts to discuss second-quarter results.
U.S. bank stocks like Bank of America (NYSE:BAC) haven’t had a particularly spectacular 2018. BAC stock, for instance, is up less than 2% so far this year. Earnings are soaring, with earnings per share up 43% in Q2 after a 38% rise in Q1.
Rising uncertainty in markets didn’t stop the biggest U.S. banks from hauling in record revenue from investment banking. Among the big winners were Morgan Stanley and Bank of America Corp., which both handily beat expectations thanks to their investment banking and consumer businesses, respectively. Wells Fargo & Co. was the lone bank to miss analysts’ earnings estimates as its total loans and deposits both dropped.
U.S. stock futures are mixed this morning. Corporate earnings remain front and center, with strong results from Morgan Stanley (NYSE:MS) helping to boost market sentiment.
Unsurprising to most, the financial sector has acted as the backbone of the uptrend that has dominated the financial markets over the past couple of years. This year has not really been kind to the financial sector, which has seemed to have to battle with overhead resistance on each attempted move higher. Taking a look at the chart of the Financial Select Sector SPDR Fund, you can see that the dotted trendline has acted as a consistent guide for the bears in determining placement.
If you were a bit concerned about Bank of America (NYSE:BAC) before earnings, you weren’t alone. Off the price chart, back-winds of corporate tax cuts, conducive interest rates and favorable regulatory environment coupled with internal cost-cutting measures manifested themselves into a better-than-expected profit report for Bank of America. On the price chart, the situation looks equally supportive for shareholders to line their own coffers following an important and lengthy technical incarceration from which BAC bulls can break out of.
Jim Cramer sits down with Bank of America Chairman and CEO Brian Moynihan, who outlines the U.S. economy's growth drivers.
Info tech shares could be in for a rough day after disappointing results from Netflix, Inc. (NASDAQ: NFLX). The NFLX sneeze appears to have given all the “FAANG” stocks a cold, as high-flying shares gave back ground in pre-market trading and the tech-heavy Nasdaq (COMP) dropped 1 percent. Over in the financial sector, Goldman Sachs Group Inc. (NYSE: GS) became the latest bank to handily beat Wall Street analysts’ estimates.
Among the financial institutions that earned public notoriety during the banking crisis of 2007-08, few landed on their feet quite like Goldman Sachs ( GS). Goldman Sachs became a net borrower and an emblem of everything diabolical about high finance. On July 17, 2018, Goldman Sachs named David Solomon as the new chief executive officer (CEO), succeeding Lloyd Blankfein, who has run the company since 2006.