|Bid||13.08 x 800|
|Ask||13.17 x 800|
|Day's Range||13.08 - 13.16|
|52 Week Range||11.70 - 13.51|
|Beta (3Y Monthly)||0.07|
|PE Ratio (TTM)||57.88|
|Forward Dividend & Yield||0.53 (4.16%)|
|1y Target Est||N/A|
BlackRock will host a municipal closed-end fund conference call on Tuesday, April 9th at 4:15pm ET.
It's been over a week and people are still giving Warren Buffett a hard time. That's all because Kraft Heinz (NYSE:KHC) is quickly becoming a dumpster fire of epic proportions. With disappointing earnings, lower revenues, a 36% dividend cut and pending asset sales, Buffett's decision to get in bed with 3G Capital is looking like a poor one indeed. One, that is costing Berkshire Hathaway (NYSE:BRK.B) plenty of coin as KHC stock implodes.But as the market focuses on Buffett's blunder, the Oracle of Omaha was buying stocks. Plenty of them, over the last quarter. The reality is that many of these new positions and buys of old favorites were incredibly smart and make up for the misstep at KHC. It's here that Buffett's brilliance as America's favorite value investor shines through. By following Buffett's moves into these picks, investors should get a hefty dose of dividends and gains for years to come. * 10 Tech Stocks to Buy Now for 2025 With that, here are five recent Warren Buffett buys that worth buying yourself.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: Shutterstock PNC Financial (PNC)It's no secret that Warren Buffett is attracted to stocks in the financial and banking sector. Berkshire Hathaway is the top shareholder in numerous finical institutions and it can add PNC Financial (NYSE:PNC) to that list. Over the last quarter, Buffett & Co. increased his stake in PNC by about 35% and now owns over 8.2 million shares.And it's easy to see why Buffett is in love with PNC.PNC is considered a super-regional bank and operates a huge network of locations across the northeast and Midwest. That huge size and scope came not only from organic growth, but several smart buys of smaller struggling rivals during the recession. Because of this, PNC has continued to see its assets, deposits and loan growth steadily increase. Moreover, the bank is run very conservatively and features low loan losses and fortress-like balance sheet.Management at PNC has also been very smart in other ways as well. The bank has embraced technology throughout its customer system and the firm leads the way in app development, mobile banking and wealth management. And the firm saw the ETF writing on the wall early and holds a huge stake in asset manager BlackRock (NYSE:BLK).With all of this, PNC has continued to reward shareholders. Last year, PNC purchased more than $2.8 billion in stock and handed out more than $1.6 billion in dividends. It's no wonder why Buffett continued to add the regional bank last quarter.Source: Nancy
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock New York Municipal Income Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
is expected to report earnings of $4.30 a share on sales of $7.5 billion before the market opens on Wednesday, Jan. 16, based on a FactSet survey of 23 analysts. Goldman Sachs Group is currently trading at a price-to-forward-earnings ratio of 7.5 based on the 12-month estimates of 27 analysts surveyed by FactSet. Wednesday is a busy day for bank earnings with results due from PNC Financial Services Group Inc.
is expected to report earnings of 63 cents a share on sales of $22.3 billion before the market opens on Wednesday, Jan. 16, based on a FactSet survey of 25 analysts. Quarterly estimates have fallen 1.8 cents a share in the past month. Bank of America is currently trading at a price-to-forward-earnings ratio of 9.4 based on the 12-month estimates of 29 analysts surveyed by FactSet.
The BlackRock registered closed-end funds (each a "Fund" and collectively, the "Funds") announced today that Henry Gabbay will become an independent director/trustee of each Fund on January 1, 2019. Mr. Gabbay is a director/trustee of certain BlackRock open-end funds. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.
BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of the below BlackRock municipal closed-end funds have authorized open market share repurchase programs pursuant to which each Fund may repurchase up to 5% of its outstanding common shares in open market transactions through November 30, 2019.
Replay information is now available for BlackRock’s fixed income outlook & tax loss strategies closed-end fund conference call that was held on Wednesday, October 17th. To coincide with the call, BlackRock has published a market insights piece that highlights BlackRock’s views on closed-end fund tax loss selling strategies heading into year-end.
BlackRock will host a fixed income outlook & tax loss strategies closed-end fund conference call on Wednesday, October 17th at 4:15pm ET.
Replay information is now available for BlackRock’s municipal closed-end fund conference call that was held on Wednesday, May 9th. Additional information on the call can be found below.
BlackRock will host a municipal closed-end fund conference call for financial advisors and investors on Wednesday, May 9th at 4:15pm ET.