|Bid||9.04 x 27000|
|Ask||9.05 x 1000|
|Day's Range||8.89 - 9.07|
|52 Week Range||8.47 - 12.55|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.26 (2.86%)|
|1y Target Est||9.98|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
General Electric’s (GE) nightmare doesn’t seem to be over yet. The company’s stock fell nearly 7% yesterday, its 12th loss in the last 13 sessions. Yesterday’s blow came after the US industrial conglomerate’s newly appointed chair and CEO, Larry Culp, said during a CNBC interview that he feels “urgency” to lower debt and would do that by selling assets. Also, its free cash flows were negative in all three quarters of 2018, which indicates the company’s severe liquidity problem.
Shares of General Electric (GE) took a hit on November 9 after JPMorgan Chase (JPM) analyst Stephen Tusa lowered his target price on the stock by 40% to $6 from $10. In a report to his clients, Tusa said that the US industrial conglomerate’s latest quarterly results were worse than expected. Following the report, GE stock tumbled to its lowest level in over nine years to $8.15 on November 9.
Highlights for the week ended Nov. 9:Chinese President Xi Jinping stood his ground in a speech at the Shanghai trade fair, denouncing U.S. President Donald Trump’s “law of the jungle” trading practices.
On Monday, the deposed prime minister’s United National Party and the opposition Tamil National Alliance filed formal petitions with the Supreme Court challenging the dissolution of parliament, according to party member Harsha De Silva and Tamil leader R. Sambanthan. “We are prepared to go for an election, but this is illegal,” said De Silva, who was state minister of economic affairs under Wickremesinghe’s government.
Barclays’s activist investor is stepping up a campaign to shrink the trading business by drumming up support among the British lender’s non-executive directors, according to a person familiar with the matter. Bramson, who has also been courting fellow shareholders in California, New York and London in recent weeks, has told some that he has the firepower to increase his stake, the person said. The activist investor reiterated that he doesn’t want Barclays to pour more capital into the corporate and investment bank, which is the lowest-return business at the lender, the person said.
At the time of the last rating action, in September 2017, there was an input error in the weights of the exposure to the Export-Import Bank of the United States (EximBank) and the Export Credits Guarantee Department of the United Kingdom (ECGD) (both the guarantors). The notes have a pass-through structure.
A number of customers took to Twitter to complain they were unable to access their accounts, while Reuters received an error message when it tried to access the lender's online banking home page. A Barclays spokesman said the bank was experiencing some technical problems, but later said these had been resolved for all customers.
NEW YORK/ZURICH (Reuters) - UBS Group AG, Switzerland's largest bank, faces another potentially costly legal battle as the U.S. Department of Justice draws up civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. UBS said on Wednesday it expected to be sued by the Justice Department as early as Thursday.
UBS Group AG, Switzerland's largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the 2008 global financial crisis, according to a company statement. The U.S. Department of Justice did not immediately respond to a request for comment. UBS said the Justice Department advised the bank that it intends to file the lawsuit.
A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. The lawsuit was filed on Wednesday in the U.S. District Court in Manhattan by plaintiffs that decided to "opt out" of similar nationwide litigation that has resulted in $2.31 billion (£1.76 billion) of settlements with 15 of the banks. The banks being sued are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan's MUFG Bank, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS.
A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. The lawsuit was filed on Wednesday in the U.S. District Court in Manhattan by plaintiffs that decided to "opt out" of similar nationwide litigation that has resulted in $2.31 billion of settlements with 15 of the banks. The banks being sued are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan's MUFG Bank, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS.
Xilinx Inc has hired Barclays to advise on a bid to buy Mellanox Technologies Ltd after approaching the smaller chipmaker with an offer, CNBC reported on Wednesday, citing people familiar with the matter. ...
Moody's explained that the rating action taken today is the result of a rating action on GE Capital European Funding, which was downgraded to Baa1 from A2 on 31 October 2018. This transaction represents the repackaging of GE Capital European Funding's Euro floating rate bonds maturing on 17 May 2021 (the "Underlying Asset").
BMW’s net profits plunged 24 per cent in the third quarter as spending on electric cars and costs from new emissions rules ate into the German carmaker’s margins. The Munich group’s net profit fell to €1.4bn from €1.84bn in the same quarter a year ago. The group, comprising the BMW, Rolls-Royce and Mini brands, also said automotive margins, which strip out its financing arm and other business, fell to 4.4 per cent in the quarter versus 8.6 per cent in the same period a year ago.
Moody's Japan K.K. has today assigned a definitive long-term rating of Aaa to the first mortgage covered bonds (CB) to be issued by Sumitomo Mitsui Banking Corporation (SMBC; long term deposit rating A1 ...
The U.K. is one of the biggest risks Eisman is watching, he said at a conference in Dubai on Sunday, declining to name the banks he’s betting against. The fund manager expects the U.K. government to agree its exit from the bloc, but said Parliament is likely to reject the deal after that. “I’m shorting two stocks in the U.K., but I’ve got a screen of about 50, and I might short all 50 if I think Jeremy Corbyn is going to be prime minister,” Eisman said.
(Bloomberg) -- Emerging-market assets rallied, with a gauge of equities completing its best week since 2016 amid growing hopes for improvement in the U.S.-China trade relations and optimism for additional stimulus by the Asian nation.
The British banks fared worse than German lenders such as Deutsche Bank AG and counterparts in Italy, which are grappling with a slump in the nation’s bonds amid turmoil sparked by its populist government. The stress test from the European Banking Authority, which has no pass or fail grade, assumes a scenario with shocks such as years of negative economic growth, weak bank profitability and a rise in government bond yields, amid Brexit-related uncertainty. The result may be a setback for Barclays Chief Executive Officer Jes Staley’s plans to boost returns for shareholders, according to Michael Huenseler, who helps oversee about 22 billion euros at Assenagon Asset Management.
The changes, which include the top jobs at Qatar Petroleum and Qatar Investment Authority, the country’s sovereign wealth fund, could put the economy on a stronger footing as regional heavyweight Saudi Arabia faces increasing pressure to end the rift following last month’s killing of prominent Saudi critic Jamal Khashoggi in Istanbul. “The Qatari leadership is most certainly exploiting the geopolitical context to highlight its commitment to fixing the bureaucracy and longstanding systemic challenges in government,” said Ayham Kamel, head of the Eurasia Group’s Middle East and North Africa research team in New York.
, who was named this week as the chairman designate of Barclays, will be taking over a bank that has been wrestling with its soul for over 30 years. The crucial change of mission came in 1983 when the old Quaker bank decided to take advantage of the looming Big Bang, which would in 1986 deregulate the UK’s financial services industry. The lender decided to add a full-scale investment bank to its traditional retail banking business, a move that has defined Barclays’ history ever since.
In 2015, as Europe’s banking sector tried to rebuild following the ravages of the financial crisis, four of the region’s largest financial institutions handed the reins to relative outsiders. Standard ...
PLC unexpectedly posted the worst results in a stress test of European banks Friday, with a key capital measure dropping close to what investors consider the bare minimum needed to withstand a hypothetical economic crash. The results will amplify investor attention on another round of tests by the Bank of England in December and come as British and European banks attempt to plan for the potential impact of Brexit even as the terms of Britain’s separation from the European Union remain unclear. The capital measure in question, called the common equity tier 1 ratio, dropped as low as 6% at Barclays during the 2018-20 period covered by the test, which featured an adverse scenario that included double-digit unemployment and falling asset prices over the three years.
Britain's Barclays (BARC.L) and Lloyds (LLOY.L) were the surprise laggards in a European Union bank health check on Friday, although none of the 48 lenders tested failed a major capital threshold. The EU's banking watchdog published results on Friday for its toughest "stress test" since 2009, when it began the exercise to identify capital holes and avoid any repeat of the government bailouts triggered by the 2008 financial crisis. The latest test measured banks' ability to withstand theoretical market shocks like a rise in political uncertainty against a backdrop of plunging economic growth, a disorderly Brexit or a sell-off in government bonds and property.
Britain's Barclays and Lloyds were the surprise laggards in a European Union bank health check on Friday, although none of the 48 lenders tested failed a major capital threshold. The EU's banking watchdog published results on Friday for its toughest "stress test" since 2009, when it began the exercise to identify capital holes and avoid any repeat of the government bailouts triggered by the 2008 financial crisis.