|Bid||29.90 x 1800|
|Ask||29.91 x 36200|
|Day's Range||29.26 - 29.96|
|52 Week Range||22.66 - 32.45|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||11.46|
|Earnings Date||Apr 16, 2019|
|Forward Dividend & Yield||0.60 (2.05%)|
|1y Target Est||33.33|
Mike Mayo, senior banking analyst and managing director at Wells Fargo, joins "Squawk Box" to discuss the state of the banking sector and what stocks he's currently watching.
Warren Buffett has a clear investing mantra: He likes value, and he likes holding on for the long term. The tactic has worked out well. Since Buffett took the reins of Berkshire Hathaway (BRK.B) in 1964, through the end of 2018, his stock has delivered an annual return of 20.5% that more than doubled the Standard & Poor's 500-stock index.Indeed, as the Oracle of Omaha famously told investors, his favorite investing period is "forever." This message reappeared in the hedge fund guru's most recent annual letter. In describing the fund's current portfolio of stocks, Buffett wrote, "In all likelihood, we will hold most of these stocks for a long time."The 88-year old continued, "My expectation of more stock purchases is not a market call. Charlie and I have no idea as to how stocks will behave next week or next year. Predictions of that sort have never been a part of our activities. Our thinking, rather, is focused on calculating whether a portion of an attractive business is worth more than its market price."That said, times change, and so do investing theses. Buffett has exited positions before, and will continue doing so when it makes sense - sometimes very quickly. For instance, Berkshire recently announced that it had exited its position in Oracle (ORCL) during the fourth quarter - a position it had initiated just one quarter earlier! That's an exception to the norm, but the point is some Buffett stocks are destined to be around longer than others.With this in mind, we delved into Berkshire's portfolio and found five Warren Buffett stocks that seem likely to stick around for the long term. SEE ALSO: The 25 Best Blue-Chip Stocks to Buy Now (According to Hedge Funds)
Deutsche Bank (DB) decides to set up its ARC in India as it seeks to make profits by buying and reorganizing non-performing credit.
Boeing Gains on Reports of Early Software Fix for 737 MAXSooner-than-expected software fix Boeing stock (BA) gained 1.5% last Friday following a report that the airplane manufacturer could come up with a software fix for its 737 MAX jets sooner than
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)Venmo rainbow-color variant added It’s been a tit-for-tat scenario for PayPal (PYPL) and Square (SQ) in the mobile peer-to-peer payment market. In an apparent
The German bank felt the need to have its own asset reconstruction company to buy and reorganize non-performing credit as current Indian rules restrict overseas investors from buying soured loans directly from lenders in the country, the people said, asking not be identified as the information isn’t public. Bank of America Corp. is also considering setting up a similar unit, other people familiar with the matter said. More than 29 ARCs have been set up in India after parliament passed a law in 2002 to help banks clear their balance sheets by selling bad loans.
Hong Kong's securities watchdog has punished four of the world's largest investment banks for not doing their jobs properly when arranging stock offerings in the city. for their roles as sponsors underwriting new listings on the Hong Kong Stock Exchange. Specifically, it outlined a litany of faults concerning a lack of fact checking and due diligence in preparing the stock offerings of the logging company China Forestry Holdings in 2009 and chemicals manufacturer Tianhe Chemicals Group in 2014.
The Zacks Analyst Blog Highlights: Civista, Bank of America, Fifth Third Bancorp and Chemung Financial
The U.S. economy is showing no signs of recession anytime soon. Also, business expansion efforts by banks cheer investors.
About 15 years after entering the market with 4 percent deposit market share, it now has 9 percent. But it still trails four other big banks and now has another angling to shrink its piece of the pie.
Hong Kong's securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs. The Securities and Futures Commission (SFC) on Thursday fined Swiss giant UBS HK$375 million (£36.27 million). It fined Morgan Stanley HK$224 million, Merrill Lynch HK$128 million and Standard Chartered (StanChart) HK$59.7 million, all for failures when sponsoring, or leading, IPOs.
A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits ...
Hong Kong's securities regulator banned UBS from leading initial public offerings in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures ...
Thursday started off as a boring, choppy session and it ended that way too. In all honesty, it was probably the best thing bulls could have asked for. Extending much higher could cause stocks to become overbought in the short term. So they need to digest through price or through time and, with today's action anyway, it's choosing the latter. That doesn't mean there weren't big movers though. Let's look at some top stock trades. Top Stock Trades for Tomorrow 1: ClouderaDisappointing earnings results from Cloudera (NYSE:CLDR) sent the stock spiraling, down almost 18% on the day. The move thrust CLDR below all of its major moving averages and through all notable levels of support.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy With High ESG Momentum Shares are now in no man's land in my eyes, and we'll need to see how the next few days shape up before touching this one. Should the selling persist or CLDR find itself in a downtrend, $10.50-ish could be the eventual target on the downside. Unfortunately, there are way too many cloud stocks that are doing well to want to be in this one. Top Stock Trades for Tomorrow 2: SnapAn upgrade to buy from BTIG sent shares of Snap (NYSE:SNAP) higher by 11% on Thursday. Save for a few long trades, I've never been a big fan of Snap stock. But over $10.50 and this name is looking much healthier. Below $10.50 and bulls should limit their risk with this one, but over this mark and more upside seems possible. Particularly with a near-14% short interest in this name, a squeeze could propel Snap stock higher. As far as upside targets go, I'd watch for $12 and $12.80, respectively. Top Stock Trades for Tomorrow 3: Bank of AmericaThe other day, I posted several bank stock charts to my Twitter account and with the sector acting well, I'd like to cover them in more depth here. This has been a choppy market, full of sector rotation. If banks gather some momentum, it could trigger a number of breakouts in the group. Starting with Bank of America (NYSE:BAC), shares have been bouncing between $28 support and $29.50 resistance. Now above all of its major moving averages, not yet overbought and with an MACD swinging in bulls' favor, a rally could be in store. BAC needs to push over $29.50 with authority and if it can, a rally into the low-$30s is possible. Keep in mind though, this has been a tricky market with slow moves and tricky fake outs. Top Stock Trades for Tomorrow 4: Goldman SachsGoldman Sachs (NYSE:GS) has a similar setup, chopping between $190 and $200 since mid-January. If we can get a a close over $200, it could accelerate a rally up to the 200-day at $210. Below $190 is trouble. Keep it simple. Top Stock Trades for Tomorrow 5: JPMorganJPMorgan (NYSE:JPM) doesn't have the same setup as BAC or GS, but nonetheless is deserving of some attention. Trending higher and over downtrend resistance (blue line), this name is struggling to breach $106. More so, the 200-day is just overhead at $106.93. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% If we can get a breakout over this area that sticks, a rally to $112 doesn't seem too aggressive. This has been a notable level over the past 12 months. On the downside, a close below uptrend support and/or the 50-day moving average would be a concern. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post 5 Top Stock Trades for Friday: CLDR, Snap and the Banks appeared first on InvestorPlace.
Apple (AAPL) shares jumped over 1.1% Thursday on the back of a continued wave of positive news, including a Bank of America (BAC) upgrade, bullish Cowen coverage, services strength, and much more. This begs the question: is now the time to buy Apple stock?
Warren Buffett's bullishness, opportunities for value investors and Trump's deregulatory measures are expected to boost Americ's banking industry in 2019.
BancorpSouth (BXS) can be a solid bet now, on the back of its organic and inorganic growth strategies, which have placed it well for the future. Moreover, the bank's focus on capital deployment is encouraging.
Hong Kong’s securities regulator has imposed its largest ever fine on a number of international investment banks for failing in their roles as sponsors for Chinese initial public offerings. The Securities and Futures Commission penalised UBS, Morgan Stanley, Bank of America Merrill Lynch and Standard Chartered a total of about HK$786.7m ($100m). It also suspended for one year the Hong Kong licence of UBS Securities to advise on corporate finance, following an 18-month sponsorship ban it proposed last year.