|Bid||29.06 x 1100|
|Ask||29.09 x 2900|
|Day's Range||28.96 - 29.27|
|52 Week Range||22.66 - 33.05|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||11.14|
|Earnings Date||Apr 16, 2019|
|Forward Dividend & Yield||0.60 (2.06%)|
|1y Target Est||33.09|
Bank of America Merrill Lynch's equity derivatives head for the Americas region, William Hillegass, is leaving the bank to join hedge fund LMR Partners, Business Insider reported https://read.bi/2T7n6si ...
It seems little can stop PayPal (NASDAQ:PYPL) and PayPal stock.Source: Shutterstock Thanks to the rise of digital payments, PayPal may finally be realizing its true potential more than 20 years after its founding. PayPal stock has steadily risen as the number of markets in and methods of digital payments grow in both the U.S. and abroad.Despite PayPal's disappointing earnings report, PYPL stock quickly rebounded above its pre-earnings levels. Such a recovery shows that growth, rather than news, will serve as the driver of PayPal stock for the foreseeable future.InvestorPlace - Stock Market News, Stock Advice & Trading Tips PayPal Stock Recovered Quickly From Its Disappointing EarningsPayPal stock looks poised to break out again. The stock fell in trading following its Jan. 30 earnings report. While PayPal's earnings beat expectations, Wall Street was disappointed by its revenue that merely met estimates, as well as its Q1 guidance. * 9 High-Growth Stocks to Buy Now for Monster Returns However, traders quickly got over their disappointment. The stock recovered to its pre-earnings level within a week. Now PayPal stock trades at around $95.50 per share, just shy of its 52-week high.Fundamentals also indicate that PYPL stock could move higher. The forward price-earnings ratio of PYPL stock stands at 27.2. That seems reasonable, considering that analysts on average expect the company's profit to increase 19.4% this year and 20.8% in 2020.And PYPL will indeed grow, greatly benefiting PayPal stock in the process. PayPal CEO Dan Schulman predicts that digital payments will become a $100 trillion market. So far, Schulman estimates that they have reached about 1%-2% of that level. PayPal Stock Versus SQ StockPayPal has had to play catch-up with Square (NYSE:SQ) in some respects. When PayPal was owned by eBay (NASDAQ:EBAY), Square came in and took the lead on smartphone-based payments.To this day, Square is ahead of PYPL in features that go beyond payment processing. However, not all sellers need additional systems. Moreover, the massive growth of online payments leaves room for both companies.PayPal stock also appears better-positioned to benefit investors than SQ. Square's growth rates will exceed 50% per year for the foreseeable future. However, SQ trades at almost 110 times its forward earnings. PayPal's top line is only expected to increase about 18% in 2020 versus 2019. Still, the forward price-earnings ratio of PayPal stock is only 27.4, making it a much better buy, with lower risk, than SQ stock. Digital Wallets And Foreign Markets Will Drive PayPal's GrowthPYPL will also benefit from other growth engines. Its digital wallet, Venmo. has opened up a new market for it.Venmo competes with Zelle, a digital-payment network owned by a number of banks, including Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM). However, Zelle tends to focus on larger, less-frequent transactions, while Venmo focuses on a larger number of smaller purchases. Venmo can also be integrated with one's social network, a feature that's particularly appealing to millennials. The number of payments processed by Venmo surged 80% year-over-year.Additionally, PayPal has also made moves into China, Japan, and India. In India, PayPal has earned a profit since it entered the market in November 2017. It faces competition from the likes of Amazon (NASDAQ:AMZN), Alibaba (NYSE:BABA), and Walmart (NYSE:WMT) in India.Despite this competition, PYPL feels optimistic that it can become the leading digital- payment processor in India. Worth just $200 million in 2017, India's digital-payments market should be worth $1 billion by 2023. Bolstered by a population of 1.3 billion that's growing increasingly wealthy, the Indian market has tremendous potential for PYPL. Final Thoughts on PayPalPayPal's growth catalysts should enable PYPL stock to advance by large amounts for years to come. PYPL has moved little in the last week, and it's barely higher than the $93 per share level it first reached in September.However, quarterly reports and Wall Street analysis all affirm that the company's growth remains strong. More people continue to make online payments more often, and online payments continue to transform the way the world spends money. The fact that PYPL is helping to lead this trend bodes well for the performance of PayPal stock in the months and years ahead.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post PayPal Stock Looks Poised to Become a ProfitPal for Investors appeared first on InvestorPlace.
Big banks continue to face legal actions for their past business mishandlings. The city of Philadelphia accuses seven major banks of colluding over municipal bonds.
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of secretly manipulating rates for tax-exempt bonds known as VRDOs, or variable-rate demand obligations.
Bank of America (NYSE: BAC) plans to spend $2.5 million to replace an existing branch in Clayton, according to documents the company filed with the Clayton Planning and Development Department. The documents describe replacing the branch at 8100 Forsyth Blvd. with a new one-story, 3,950-square-foot branch, with offices, a teller line, interior ATM machines and 19 parking spaces on the northwest and southwest sides of the building. The plans were submitted Tuesday for conceptual review by the city's Plan Commission and Architectural Review Board, which have a joint meeting scheduled for March 4.
University says new certificate will help meet a growing industry demand for skills in additive manufacturing.
Investors looking for the best stocks are wise to try and follow the smart money. From that standpoint, the portfolios of fund managers with strong track records can be fertile ground.After all, the best portfolio managers may have different strategies and different specialties. But those who can beat the market over time have proven that their respective approaches are based on sound logic and an understanding of what moves markets. * 8 Cheap Stocks That Cost Less Than $10 To be sure, even the best stock pickers don't always get it right. But they do more often than not. These five stocks all have support from some of the market's best minds and some of its smartest money. That alone suggests the rest of us should take a long look.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: Mike Mozart via Flickr Bank of America (BAC) and JPMorgan Chase (JPM)Warren Buffett has built a well-deserved reputation as the "Oracle of Omaha" as he's built Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) into one of the world's most valuable companies. And while the touch of Buffett and Charlie Munger might not be as deft and Todd Combs and Ted Weschler are handling some of the company's investments, the market still wisely sees Berkshire as the smart money.And Buffett and Berkshire continue to see U.S. bank stocks as undervalued. Berkshire added to its positions in both Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) in the fourth quarter. That's in addition to large existing stakes in Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC).With Goldman stock up big and Wells Fargo still scandal-ridden, the emphasis on adding JPM and BAC makes some sense. I personally have long argued that BAC and JPM are the two best stocks among U.S. big banks, and it's good to know that Buffett and Berkshire agree.Source: Shutterstock Union Pacific (UNP)Morningstar tracks a group of managers that have historically beat the market for its Ultimate Stock-Pickers Index. The No. 1 purchase by that group, as of November, was railroad operator Union Pacific (NYSE:UNP).Those managers look awfully smart. UNP stock has skyrocketed to start 2019, with the appointment of a new COO kicking off the rally last month. The stock now has gained 23% in this year alone.But the rally may not be over. Union Pacific stock is hardly expensive, trading at 16.5x 2020 earnings-per-share estimates. A nearly 2% dividend adds income as well. * The 10 Best Cheap Stocks to Buy Right Now Macro weakness is the big risk here -- lower economic growth means fewer products to ship -- but Union Pacific has managed through tough times before. Over the long-term, UNP has been a substantial outperformer and one of the best stocks in the market. The backing of smart money suggests that should continue, even with UNP at all-time highs.Source: Shutterstock Apple (AAPL)The No. 2 stock on Morningstar's list is Apple (NASDAQ:AAPL). Indeed, Apple's attractiveness to the smart money seemed to peak in October and November. Berkshire long has owned AAPL, but in November, hedge funds turned from net sellers to net buyers in Apple stock.That pivot was a bit early. AAPL would plunge in early January after cutting fiscal Q1 guidance. But the stock has rallied since, and strong institutional ownership persists.I personally remain skeptical; AAPL is cheap, yet worries about the iPhone can't be ignored. But a number of successful investors see it differently.Source: Mike Mozart via Flickr Kraft Heinz (KHC)The smart money likes a turnaround on the cheap, and Kraft Heinz (NASDAQ:KHC) certainly qualifies. In late December, KHC stock touched its lowest point since the 2015 merger. Not coincidentally, the stock was a hedge fund favorite in the fourth quarter.There's a case for KHC at the lows. Changing customer tastes and private-label competition have pressured results of late. And there's quite a bit of debt on the balance sheet. Still, Kraft Heinz has dozens of hugely valuable brands, and remains a tough competitor worldwide. * 10 Small-Cap ETFs That Pack a Wallop Indeed, I called KHC a fallen angel stock to buy last month, and I still believe that's the case. It may take some time for Kraft Heinz to turn around, and that process will require some patience from investors. Anyone buying KHC can at least know that more than a few professional stock-pickers will be waiting with them.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post 5 Stocks That The Smart Money Likes appeared first on InvestorPlace.
The fourth quarter stock plunge was the perfect buying opportunity for value investors. Did Berkshire Hathaway's portfolio jump in to buy?
The city alleges the banks conspired to inflate the interest rates on the bonds from as early as 2008, according to a class-action filed in federal court in Manhattan on Wednesday. The Securities and Exchange Commission has contacted at least four banks “regarding their conduct in the VRDO market,” according to the complaint. Citigroup Inc., Goldman Sachs Group Inc., Wells Fargo & Co., RBC Capital Markets LLC and Barclays Plc were the other banks named in the suit.
The seven-day reverse repurchase rate was left at 6 percent for a third month, as predicted by all 33 economists surveyed by Bloomberg. Bank Indonesia hiked six times last year by a total 175 basis points.
In the latest trading session, Bank of America (BAC) closed at $29.41, marking a +0.96% move from the previous day.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes? Let's find out.
Investing.com - Financial stocks struggled to stay afloat Wednesday as a downgrade of Charles Schwab hampered the sector.
How George Soros Played the Market in Q4(Continued from Prior Part)Soros added XLF and IWB George Soros added 2.026 million shares of the SPDR Select Sector Fund (XLF) to its portfolio during the fourth quarter, giving it a weight of 1.5% in the
England's High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around £9 billion in assets to a new Irish company just before the starting gun is fired on Brexit. The move, timed for 2259 GMT on March 29, is part of a wider withdrawal of business and money by financial companies seeking to keep contracts and policies within the European Union even after Britain departs. Brexit formally takes effect at 2300 GMT on March 29.
[Editor's note: This story was previously published in August 2018. It has since been updated and republished.] Not all American stocks trade on the major exchanges. In fact, many investors often forget the stocks that trade on the Over the Counter Bulletin Board (OTCBB). Some refer to these OTC stocks to buy as equities that trade on the "pink sheets," named for the color of the paper on which they were printed before electronic trading became more widespread.Instead of using exchanges, such trades occur over computer networks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStocks end up on the pink sheets either because they either don't meet or have not attempted to meet the listing requirements of the New York Stock Exchange or the Nasdaq. Often OTC stocks have become penny stocks involuntarily. They often fail to meet listing requirements due to financial strains. * 7 Financial Stocks With Accelerating Growth However, one should not assume all OTC stocks trade as penny stocks near bankruptcy. In fact, some OTC stocks have become some of the largest and most successful companies in the world. This sometimes occurs with foreign companies that trade on the major exchanges in their home countries.Despite their prestige at home, these companies may turn to OTC markets to test the U.S. market. If their stock becomes one of the OTC stocks to buy, they will subsequently switch to the NYSE or Nasdaq at a later time. Others may not want to meet the financial disclosure standards required by the exchanges.Whatever the reason, traders should not ignore the OTC markets. In fact, investors looking for OTC stocks to buy may want to consider these five:Source: Shutterstock BAE Systems (BAESY)BAE (OTCMKTS:BAESY) operates in the defense, security and aerospace industries. Based in Farnborough, England, BAE has grown into the U.K.'s largest defense contractor. Despite its presence in its home country, 75% of its revenue comes from outside of the U.K.Revenue and earnings have seen slower growth over the last few years. However, the Trump Administration's attitude toward European defense may force these governments to shoulder more of the defense burden. Furthermore, threats from the Middle East and fears of Russia continue to worsen.Such concerns play into the hands of defense contractors such as BAE. The stock has traded in a range since 2015. A focus on defense within Europe could send it higher. Net income also appears set to move higher. If profit predictions hold up, the forward P/E will hold at about the 15 level. This stands well below the 31.5 average P/E over the last five years.Moreover, even though the stock shows little movement, the dividend helps it become an ideal OTC stock to buy. The dividend saw an increase this year. Shareholders now earn a payout of 24-cents-per-share. This places the dividend yield at around 2.9%. Even if the stock takes longer than anticipated to move higher, BAESY stock pays investors well to wait.Still, with the current geopolitical environment, BAE investors will likely not have to wait for very long.Source: Shutterstock Sberbank of Russia (SBRCY)Admittedly, Sberbank (OTCMKTS:SBRCY) might seem too risky to become one of the better OTC stocks to buy. With the focus on Russian collusion and a relationship between Trump and Putin that has become too comfortable for many, the thought of investing in Russia seems scary.However, some see opportunity amid the fear. American investors such as Jim Rogers have recently sought investment opportunities in Russia. Mr. Rogers cites a strong ruble, a market well off all-time highs and high real interest rates as the reason. SBRCY stock could position an investor for these returns.Sberbank has become the largest bank in Russia. It holds more in assets than the next six largest competitors combined. Sberbank performs retail, corporate and investment banking within Russia. It also invests heavily in Central and Eastern Europe. * 10 Hot Stocks Leading the Market's Blitz Higher At a $70 billion market cap, it pales in size to U.S. banking giants such as Citigroup (NYSE:C) or Bank of America (NYSE:BAC). It also seems to struggle with gaining respect, though this could work to an investor's advantage. SBRCY stock trades at a P/E of only five or so, well below that of BAC stock. This is despite the fact that revenues have increased by an average of 18.9%-per-year over the last five years.Moreover, dividends have seen sustained growth over the last three years. Today, SBRCY stock pays a dividend of about 4.02%. In today's market, anything related to Russia has become clouded in controversy. However, those that can look past the drama could find a bargain in SBRCY stock.Source: Shutterstock Softbank (SFTBY)Even though it could become one of the more profitable OTC stocks to buy, Softbank (OTCMKTS:SFTBY) has not become a household name. However, this Japanese holding conglomerate has grown to an almost $96 billion market cap by investing in some of the better-known names in the tech industry in both the U.S. and Japan.Softbank lists Yahoo! Japan, Uber and WeWork among its investments. Still, its most famous investments are its 28% stake in Alibaba (NYSE:BABA) and its ownership of about 83% of Sprint (NYSE:S). In fact, one attempt to merge Sprint with T-Mobile (NASDAQ:TMUS) failed because it would have required Softbank to sell too many of its assets.Investors should look at SFTBY stock like a mutual fund. If the T-Mobile-Sprint merger goes through, this will give Softbank a significant stake in America's fastest-growing telecom company as 5G begins to take off. Whenever the IPO in Uber finally happens, this should boost Softbank further.SFTBY stock also reported a 49% increase in earnings in its latest quarter. Investments in WeWork and Indian ecommerce firm Flipkart drove much of the net income increase. As a result, SFTBY stock trades less than 10% off its all-time high.With its profitable investments and its prospects for the future, SFTBY should continue to report strong results for many quarters to come.Source: Shutterstock Tencent (TCEHY)Tencent (OTCMKTS:TCEHY) has become the largest OTC stock trading today. With a $405 billion market cap, the Shenzhen and Cayman Islands-based conglomerate has grown into one of the world's largest companies.Tencent serves the Chinese market in the internet, social networking, gaming, payment systems, ecommerce, venture capital and many other areas. The company competes with the likes of Alibaba and JD.com (NASDAQ:JD) at home.Overseas, Tencent's influence is also felt in the U.S. as it competes with Activision (NASDAQ:ATVI) and other gaming companies for market share in the emerging esports field. This only scratches the surface of Tencent's influence. * Buy These 5 Stocks to Play the Megatrend of the Century Due to its reach and growth, Tencent's size impact has become too large to ignore. Even with the growth, the forward P/E stands at about 31. While its P/E stands well above S&P 500's average, it has reached a tiny fraction of the P/E where Amazon (NASDAQ:AMZN) trades.To me, 20% less percentage growth to buy in at one-sixth of the P/E sounds like a worthwhile trade-off. Given the lower P/E relative to earnings growth and its position in the emerging Chinese market, TCEHY should serve as one of the best OTC stocks to buy despite its size.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow him on Twitter at @HealyWriting.Compare Brokers The post 4 of the Best OTC Stocks to Buy for Future Growth appeared first on InvestorPlace.
You can't fix what you don't measure — so the saying goes — and a new study by Equileap crunches the numbers on gender equality at America's biggest companies . General Motors GM , Bank of America BAC and Johnson & Johnson JNJ were awarded top marks across 19 criteria, including gender balance in the workforce (senior management and the board), as well as pay equity, parental leave and non-discriminatory hiring practices. For investors and consumers looking for companies working to close the gender gap, the new ranking provides some guidance, Equileap CEO and co-founder Diana van Maasdijk tells CNBC Make It .
Is Warren Buffett Expecting a Market Crash?Warren BuffettLast week, Berkshire Hathaway (BRK-B) released its fourth-quarter 13F. Markets were eagerly awaiting the filing to get a sense of how Berkshire chair Warren Buffett deployed its $100 billion
Dubai-based Mashreqbank has started marketing dollar-denominated bonds with an initial price guidance of about 200 basis points over mid-swaps, a document issued by one of the banks leading the deal showed. ...
Marko Kolanovic, JPMorgan global head of derivatives and quant strategies, on the ultimate catch-up trade. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Karen Finerman and Guy Adami.