|Bid||70.370 x 900|
|Ask||70.380 x 800|
|Day's Range||69.025 - 70.590|
|52 Week Range||64.380 - 80.700|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 14, 2019|
|Forward Dividend & Yield||1.80 (2.63%)|
|1y Target Est||85.43|
Strong third quarter earnings results are driving stocks sharply higher in Tuesday's trading session. Yahoo Finance's Seana Smith, Zack Guzman, and Brian Cheung discuss with Jensen Investment Management portfolio manager, Eric Schoenstein.
President Trump proposes a new plan to help displaced workers. Yahoo Finance's Seana Smith, Rick Newman and Zack Guzman discuss.
What goes down must come up. In the past few trading sessions, stocks have been digging out of the hole they fell into during last week’s nerve-racking tumble. To a large degree, investors can thank the banks. Today (Oct. 16), Goldman Sachs and Morgan Stanley both comfortably beat analyst expectations, rounding out a bumper crop…
Major banking funds have broken key support levels and dropped to 2018 lows, overwhelmed by eight Federal Reserve rate hikes and the most recent market swoon. Commercial and regional banks have lost ground at an equal pace in recent weeks, highlighting the broad nature of selling pressure that accelerated at the end of September. Meanwhile, Bank of America Corporation ( BAC) is struggling to hold the mid-summer low at $27.74, while Citigroup Inc. ( C) ended a refreshing period of leadership behavior at the start of 2018 and is now trading nearly 14% below the January high.
Horrid and Grisly Khashoggi Death Revealed, Could Destabilize Oil Markets Word is coming out now via the Middle East Eye that the disappearance and alleged murder of Washington Post columnist and Saudi government critic Jamal Khashoggi was a gruesome, macabre, premeditated affair. According to a Turkish source who has listened to a recording made at […] The post Market Morning: Khashoggi Tale Threatens Oil Stability, S&P 500 Weaker Than it Seems appeared first on Market Exclusive.
Recent earnings releases from the four "too big to fail" money center banks did not result in share price volatility, as each stock remained below its 2018 highs set between Jan. 29 and March 12. My most significant observation is that banks were supposed to benefit from higher interest rates, and the Federal Reserve has been hiking the federal funds rate since December 2015. Bank of America Corporation ( BAC) is the second largest of the four "too big to fail" money center banks, with total assets of $1.776 trillion at the end of the second quarter, down from $1.784 trillion at the end of the first quarter.
Goldman Sachs (GS) stock was up ~2% in the October 16 premarket trading session after the investment bank reported better-than-expected third-quarter earnings results on the day. Goldman Sachs’s top and bottom lines not only surpassed Wall Street analysts’ estimates but also marked significant YoY (year-over-year) improvement.
On March 29, 2017 British Prime Minister Theresa May handed EU president Donald Tusk the letter that formally invoked Article 50, triggering the U.K.'s two-year exit plan from the 28-member union. As of October 2018, the UK is in negotiations with the EU regarding the terms of this withdrawal agreement. This agreement is expected to be completed by October 19th, along with a political declaration regarding the future relationship between the UK and the EU.
Analysts are bullish on JPMorgan Chase (JPM). Analysts haven’t changed their ratings on JPMorgan Chase in the last three months. Wall Street’s one-year forward target prices for other major banks (XLF) including Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), and Citigroup (C) represent upsides of 22.6%, 19.4%, 29%, and 21.7%, respectively.