|Bid||28.42 x 800|
|Ask||28.47 x 1100|
|Day's Range||28.42 - 28.55|
|52 Week Range||25.35 - 28.67|
|Beta (3Y Monthly)||0.14|
|PE Ratio (TTM)||3.95|
|Forward Dividend & Yield||1.78 (6.25%)|
|1y Target Est||N/A|
With the S&P 500 crossing the 3,000 mark last week, which was JPMorgan’s 12-month price target during the first half of 2019, the analysts are raising their target to 3,200, according to a Monday note to clients titled “The Upside Pain Trade to Continue - Equities Climb the Wall of Worry.” Yahoo Finance's Scott Gamm has the details.
David Rosenberg said that earnings are “rolling over” and economic data indicates that the economy is very close to recession.
Peter Charrington has arrived for one of his regular visits to the European hub of Citi Private Bank, just off Pall Mall, London. The trip from America by the bank’s global head to his native UK is too brief for him to join colleagues at Wimbledon but the lessons of the world-famous tennis tournament are not wasted on Mr Charrington as he considers the latest rising stars.
Bank of America CEO Brian Moynihan just went a long way in showing not all millenials are broke.
Earnings season is underway and corporate buybacks are set to boost earnings per share for S&P 500 companies.
A year ago, PNC executives said they had no immediate plans to open the offices in Boston. Those plans have changed.
Announcing a mixed set of second-quarter results, JPMorgan cut its 2019 outlook for lending profits by half a billion dollars in expectation of multiple rate cuts from the Federal Reserve, which will compress lending margins. BofA matched that and more, taking almost a billion out of its outlook.
Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.
In contrast to Morgan Stanley’s view, J.P. Morgan (JPM) upped its price forecast for the S&P; 500 (SPY) from 3,000 to 3,200 on July 15.
Citigroup Inc said it has hired about 30 bankers over the past year across its banking, capital markets and advisory teams in the 10-member Association of Southeast Asian Nations (ASEAN), spurred by robust growth in its ASEAN banking business. Countries in the bloc such as Vietnam and Thailand are benefiting from the ongoing Sino-U.S. trade war as companies start to shift supply chains to Southeast Asia to escape tit-for-tat tariffs that the world's two biggest economies are imposing on each other's goods and services. "We are seeing growth across local ASEAN companies increasingly going global," David Biller, head of Citigroup's ASEAN banking, capital markets and advisory team, said in a statement on Tuesday.
In ancient Babylon, banks began paying interest on deposits. Any of the bank’s Hong Kong depositors with enough cash in their accounts can forgo interest payments and accept instead rewards from Asia Miles, the loyalty programme owned by Cathay Pacific. “The interest rate has been so low in Hong Kong that some customers are happy to trade interest for miles,” said Samir Subberwal, StanChart’s head of retail banking in Greater China and north Asia.
The Global CIO of fixed income at BlackRock said the Federal Reserve should aggressively cut interest rates.
Citigroup beat estimates with some help from its consumer cards business and a trading platform's IPO, but can other big banks rely on the same help in their earnings this week?
Citigroup earnings and revenue beat Q2 views, helped by its Tradeweb stake. Citigroup stock reversed lowered but is holding in a buy zone.