|Bid||70.34 x 800|
|Ask||70.35 x 300|
|Day's Range||69.94 - 70.84|
|52 Week Range||57.63 - 80.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 13, 2018|
|Forward Dividend & Yield||1.28 (1.83%)|
|1y Target Est||83.89|
Wells Fargo, Steve Madden, Facebook, Apple, AT&T and Time Warner are the companies to watch.
Apr.20 -- Eric Lee, energy strategist at Citigroup, discusses the market impact of President Donald Trump's Friday morning tweet on OPEC and oil prices. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
JPMorgan Chase (JPM) stock has generated a return of 13.1% in the last six months and 29.0% in the last year. In comparison, the financial sector (XLF) has grown 5.1% in the last six months and 18.6% in the last year, respectively.
Wall Street analysts are maintaining their bullish outlook on US banks (XLF) amid trade wars, lower taxes, and a push for domestic manufacturing. Among major bankers, JPMorgan Chase (JPM) has garnered 13 “buys” or “strong buys” out of 28 analysts in April 2018. Thirteen analysts have recommended “holds” on JPMorgan, whereas one has given it an “underperform” rating, and one has given it a “sell.” JPMorgan Chase commands a one-year mean price target of $121.78 compared to its current price of $110.30, reflecting average growth.
While the banks' first-quarter ROEs were strong, a significant chunk of the strength stemmed not from growth in the banks' operations, but from the sharply lower tax rates they're now enjoying because ...
Bitcoin and other virtual coins were higher on Thursday, while cryptocurrency hedge funds reported massive losses in the first quarter of 2018. Bitcoin was trading at $8,250.5, rising 1.77% as of 9:00 AM ET (1:00GMT) on the Bitfinex exchange. While Bitcoin was higher, it was still far from its peak of $20,000 in December.
Investment and commercial banks (XLF) were expected to benefit from higher trading revenues and lower taxes in 1Q18. All major bankers have beat estimates, reflecting strong operating performance and comfort from lower taxes. Among major bankers, Goldman Sachs (GS) commands a mixed rating outlook, with 10 out of 27 analysts calling for “strong buy or buy” ratings. Fifteen analysts have given “neutral” ratings, and four have assigned “underperform.”
Citigroup Inc. found itself in an unusual position in Asia at the end of the first quarter—at the top of league tables for stock underwriting and related activities in the region.