|Bid||207.05 x 1000|
|Ask||207.21 x 900|
|Day's Range||206.29 - 207.86|
|52 Week Range||151.70 - 256.16|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||8.22|
|Earnings Date||Apr 15, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||3.20 (1.67%)|
|1y Target Est||230.00|
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Asset quality Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter. The net
BNP Paribas could raise outside money for its first such fund, known as a direct-lending fund, as soon as this year, according to a person with knowledge of the matter. Discussions at Barclays are more preliminary, but any fund set up could offer a broad range of financing options, according to separate people. The banks are considering following the lead of Goldman Sachs Group Inc., which decades ago set up a direct lending arm that has helped it win fees.
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the Estimates(Continued from Prior Part)Valuation Morgan Stanley (MS) is trading at a forward PE ratio of 9.6x, which is ~16% lower than its five-year average PE ratio. The stock is trading at a PBV
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the EstimatesMorgan Stanley’s first-quarter results Morgan Stanley (MS) reported its first-quarter results on April 17. The company reported an EPS of $1.39, which beat the consensus estimates of $1.17
The company is in the middle of a front-to-back review of its business that aims to expand revenue on the front end, especially in newer business lines, and optimize expenses and capital of traditional business lines on the back end. The current Goldman narrative reminds us a lot of Morgan Stanley after its Smith Barney merger, where the company is on a trajectory of adding more stable, capital-light revenue streams but the market isn't giving the company any credit for it. Given where we are in the capital markets cycle and Goldman's investment cycle, it could take a while for the company's initiatives to clearly show in the bottom line.
Stocks were up modestly as the trend for the broader market remains higher. When we do encounter selling pressure, it's generally light and there's not much follow through, as the market goes through a series of rallies and pauses with heavy sector rotation taking place. That makes for an interesting dynamic as we sort for top stock trades to watch as the market tiptoes higher into earnings season. Top Stock Trades for Tomorrow 1: Bank of AmericaWe've heard from JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and others as the banks continue to release their quarterly results. On Tuesday, it was Bank of America's (NYSE:BAC) turn.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter beating on earnings but missing on revenue expectations, the bank initially went lower on Tuesday. However, bulls pushed the name back up, with shares slightly positive on Tuesday. * 7 Stocks That Can Outperform for Years The move kept BAC stock over range resistance near $29.50 and sets up an important test with $30. Over that and BAC can really get some legs. BofA could be better, but so far holding over resistance and the 20-day moving average is definitely encouraging for bulls.Below these two levels though and bulls may want to let BAC reset. Top Stock Trades for Tomorrow 2: Morgan StanleyMorgan Stanley (NYSE:MS) will soon be in the spotlight, as the stock reports earnings Wednesday morning. Up about 2% on Tuesday going into the report and one does become worried with a sell-the-news event.However, MS stock has been one of the stronger banks as of late and if that momentum continues, it could carry the stock through $47 resistance.If it gets through resistance, look for a potential run toward $50. If resistance holds, a decline down into the $45 level and 200-day moving average is likely. Top Stock Trades for Tomorrow 3: The Trade DeskThe Trade Desk (NASDAQ:TTD) has been rather resilient over the past few trading sessions, and shares are now breaking out of the wedge pattern we pointed out earlier in the week.What a great setup TTD has become. Bulls can use $210 and $215 as their upside targets. Below the 20-day would warrant some attention.TTD was one of our favorite mid-cap growth stocks (along with six others) last month, and still is. Top Stock Trades for Tomorrow 4: TwilioShares of Twilio (NYSE:TWLO) are trading great on Tuesday, breaking out of a very nice wedge on Tuesday. The action isn't unlike what we see in TTD. Over the 20-day, 50-day and now short-term downtrend resistance, TWLO has the potential to run.$133 to $135 would be my first target.There's a reason we were hoping for a big pullback in TWLO stock. Top Stock Trades for Tomorrow 5: Realty IncomeBoy, the REITs are paying the price today, with the whole group under pressure. Of course, long-term bulls won't fret the decline given how much the group is up. Still, names like Realty Income (NYSE:O) have been taking it on the chin.The stock is quickly below the 20-day and 50-day moving average and I don't know if the selling is over, with shares $4.50 off the recent highs. Channel support near $68 could give O a bounce, but if it finds the 50-day or the now-declining 20-day moving average to be resistance, this one could have more selling in its future. * 5 Stocks to Profit From (Legal) Insider Buying Signals It hit channel resistance and promptly pulled back, while the 20-day and 50-day have failed as support in the past. See how it handles channel support and $68. Below causes some concern. Is it time to take profits?Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long O. Compare Brokers The post 5 Top Stock Trades for Wednesday: BAC, MS, O appeared first on InvestorPlace.
Goldman Sachs’s Q1 Earnings: What You Need to KnowGoldman Sachs’ Q1 earnings Goldman Sachs (GS) reported its first-quarter results yesterday. The stock tanked 3.8% on earnings day. The bank reported revenues of $8.8 billion, missing estimates by
Earnings season is underway, and while it's been far from disastrous, it's not been a cause for enormous celebration either. Goldman Sachs (NYSE:GS), J B Hunt Transport Services (NASDAQ:JBHT) and Lennar (NYSE:LEN) all three missed estimates of one form or another. They're fairly high-profile names from a broad spectrum of industries that may portend more disappointments.Not every stock is hanging by a thread though. There are still stocks to buy that are well-positioned for market-beating growth driven by solid earnings growth. Granted, not all of these companies are media darlings or fan favorites, but that's ok. Sometimes it's the lesser-followed tickers that end up being most rewarding. * 7 Stocks That Can Outperform for Years With that as the backdrop, here's a rundown of the top then S&P 500 stocks that offer the best chance of sidestepping an earnings-driven headwind. Some may be a bit off of the beaten path, but each of them bring better than average upside potential to the table.InvestorPlace - Stock Market News, Stock Advice & Trading Tips United Parcel Service (UPS)To be clear, the first quarter profit UPS (NYSE:UPS) is expected to report just a few days from now should be lower than the year-ago bottom line. Indeed, the full-year's earnings are projected to drop as well. Between rising fuel costs, Amazon.com (NASDAQ:AMZN) starting to handle more of its own delivery work and the perception of a general economic slowdown crimping demand for shipping services, investors are understandably concerned.Those same investors, however, may have overshot their target. The pros are calling for an earnings rebound next year on the same steady sales growth UPS has consistently driven. But, at a forward-looking P/E of 13.8, UPS stock is a bargain.The clincher: Built on recently-achieved efficiencies, UPS is about to launch a major pricing overhaul that customers and non-customers should respond to. Rockwell Automation (ROK)Investors looking for bargain-priced S&P 500 stocks won't think much of Rockwell Automation (NYSE:ROK). It's anything but cheap, looking forward or looking backward.ROK stock's never been particularly cheap though. And it doesn't have to be. Regardless of ratios, the market may be underestimating the company's future. * 7 Dental Stocks to Buy That Will Make You Smile This year could prove to be pivotal one for industrial manufacturing. 5G connectivity is officially here, and factory owners are finally starting to embrace the upside of automation. It's a trend that plays right into the hand Rockwell Automation has been holding for a while now. ROK specializes in the melding of technology, artificial intelligence, manufacturing and software. Any sort of improvement in the global trade landscape could be just the nudge Rockwell needs. Hewlett Packard Enterprise (HPE)HP Enterprise (NYSE:HPE) had a pretty rough 2017, and never really worked its way out of that rut. It's not especially well-deserved weakness though.Hewlett Packard Enterprise is, of course, the business-oriented half of the split the old HP went through in late-2015. The stock got off to a good start, but investors largely viewed the institutional half of the company as missing out on the explosion of cloud computing.That's not actually been the case though. HPE is arguably a pace-setter in hybrid cloud, with the company recently announcing partnerships with Alphabet (NASDAQ:GOOGL) division Google to simplify the use of hybrid cloud solutions. HPE stock is also priced at a very affordable 9.5x forward earnings. Kellogg Company (K)Don't look now, but Kellogg (NYSE:K) shares may be on the mend after being rocked in 2018.Granted, most food stocks are doing the same. They all took big hits in 2018 on rising delivery costs as well as rising commodity costs, causing a relatively big hit to relatively thin margins. Shipping costs are still frothy, but the industry has at least gotten a grip on its inefficiencies. For Kellogg, that means shedding established brands including Keebler and Famous Amos. * 3 Solar Stocks to Buy for a New Day in Solar Energy More important, the market is responding bullishly. After hitting bottom in March, K stock has broken above a key falling resistance line and just this week has pushed its way above the 100-day moving average line. Gap (GPS)Yes, the so-called retail apocalypse is still in full swing, and yes, the trendy apparel sliver of the industry has been hit especially hard. Gap (NYSE:GPS) hasn't been an exception to that norm.Gap, however, has also been hit unfairly hard.It was brutalized in 2015 when the scales really started to tip in favor of other fashion looks, and just when it looked like the worst was over in 2017, the bears growled again in 2018. The Gap, along with its other brands like Old Navy, Banana Republic and Janie and Jack, just aren't the same draw they used to me when mall-shopping was in its prime and consumers cared about sporting a certain look.Nevertheless, GPS stock appears to have made a hard bottom at $24.00, and is not testing the waters of another rebound attempt. A better-paced move above the $200-day moving average line at $26.90 could be just the catalyst the bulls need. Intel (INTC)Yes, rival Advanced Micro Devices (NASDAQ:AMD) mostly caught Intel (NASDAQ:INTC) two years ago when it unveiled its Ryzen processor that matched up with Intel's CPUs at a fraction of the cost. In the meantime, the discovery of a couple different security flaws in Intel's chips dented the computing icon's reputation.Rumors of Intel's death, however, have been greatly exaggerated.Reality: Yes, Intel got lazy, and sloppy, assuming it couldn't be dethroned. It responded to competitive threats and gaffes with full force though, and the 30% gain logged since October of last year speaks volumes about the market's perception of that effort. * 5 Fast Food Stocks That Are Cooking With Fire As big as that gain is though, INTC stock is still cheap relative to most other S&P 500 stocks, priced at only 12 times its projected 2020 earnings. Omnicom Group (OMC)Omnicom Group (NYSE:OMC), for the unfamiliar, is a media, marketing and communications company. Specifically, Omnicom has mastered the art and science of combining online and offline efforts to maximize client sales. It's not easy.More important, it's a service that will only see demand grow going forward. While things should be slow this year for Omnicom, the company is expected to get back on a growth track next year.The shape of the OMC chart suggests investors are quietly maneuvering in anticipation of a breakout. They may be unconsciously planning such a breakout, in fact. The move above a couple of different technical ceilings near $78 has been a little overzealous and leaves the stock ripe for a small pullback. The bulls, however, may have just tipped their very bullish hand. Colgate-Palmolive (CL)Last year was an especially tough one for Colgate-Palmolive (NYSE:CL), and by extension, for its shareholders. From high to low, CL stock fell a total of 24%, for a myriad of reasons. Broadly speaking though, its products and brands simply fell out of favor as consumers opted for alternatives.Some observers don't expect 2019 to be any better, calling for more slowing of growth. * 7 Stocks That Can Outperform for Years The overall market, however, thinks differently. After making a double bottom last year around $57, CL stock has managed to fight its way above September's high around $68.30. And, there's still room to keep running before the early 2018 peak is challenged. Twitter (TWTR)There was a time not that long ago when it wasn't clear Twitter (NYSE:TWTR) would survive, unable to turn a profit. The microblogging platform has proven those critics wrong though, swinging to a profit of 14 cents per share in 2014 and growing its bottom line almost every year since. This year's expected bottom line is 86 cents per share, but analysts have been underestimating the company's profits.The stock's been rewarding too, though not as consistent. Namely, after a big rally in 2017 and early 2018, TWTR stock tumbled. Even then, however, there's been a bullish tone evident in the aftermath. A horizontal ceiling has taken shape around $35, but after forming a bottom near $26 since October, the stock's started to make higher lows. It appears the buyers are anticipating a breakout thrust, but are still waiting for the right catalyst. T. Rowe Price Group (TROW)Finally, add T. Rowe Price Group (NASDAQ:TROW) to your list of S&P 500 stocks that may well shrug off earnings-minded marketwide weakness. The mutual fund company may post lethargic results this year, but investors are already looking ahead to next year's projected revenue growth of 4.7% and earnings improving from 2019's projection of $7.05 per share to 2020's 7.42. * 5 Stocks to Profit From (Legal) Insider Buying Signals The shape of the TROW stock chart confirms this optimism. After taking on too much water in 2018, sending the stock from a high near $124 to a low near $85, investors have pushed T. Rowe shares in a straight line all the way back to $105. There's plenty more room to reclaim, and the trend is loaded with momentum.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 10 S&P 500 Stocks to Weather the Earnings Storm appeared first on InvestorPlace.
Where China's Economy Is HeadingJ.P. Morgan In an interview with CNBC, a J.P. Morgan representative warned that Asian equity markets could deliver only modest returns for the rest of the year. Mixo Das, Asia equity strategist at J.P. Morgan, said,
Lower Q1 Revenue Drags Goldman Sachs Stock Down(Continued from Prior Part)Analysts’ activity After Goldman Sachs (GS) posted mixed first-quarter results yesterday, KBW lowered its target price to $210 from $215, and BMO reduced it to $260 from
Goldman Sachs is one of the largest and most infamous banks in the world today. Founded in 1869 by Marcus Goldman, the bank has become one of the pin-ups for finance on Wall Street. Like any traditional bank, Goldman Sachs has been sceptical about cryptocurrency from the beginning, with Bitcoin aiming to replace such enterprises. But is the banking giant now becoming more interested in the idea of cryptocurrency? This is the story of Goldman Sachs and its stance on cryptocurrency. Background Goldman Sachs in Q1 of 2019 alone managed to rake in $2.25 billion worth of profit. Amazingly, this was lower than projected, causing a small slump in its share price. Even still, to make such profit in one The post The story of Goldman Sachs and its stance on cryptocurrency appeared first on Coin Rivet.
Lower Q1 Revenue Drags Goldman Sachs Stock DownKey takeaways from Q1 Goldman Sachs (GS) posted mixed first-quarter results yesterday, with its revenue missing analysts’ estimate. It fell 13% YoY (year-over-year) due to lower revenue from equity
Bank executives were before Congress April 10, testifying about how sorry they were for past sins and how they've learned their lesson.Source: Shutterstock They haven't. They won't. They're bankers. Bankers will always go for the green, because to do otherwise is to lose out to a banker who will.Thus, banking is ta heavily regulated industry. In its way, banking is a form of gambling. Without some restraint on their natural instincts, they'll lay the mortgage down at the dog track.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe first quarter of 2019 was very, very good for the big banks. Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) all beat the S&P 500 average gain of 11% (though that last one is having a rough go after earnings). Most are still trading at price to earnings multiples at single digits or in the low teens, even after beating analyst estimates. Earnings as ExpectedGood news was expected. The big banks featured "whisper numbers" that were ahead of official estimates -- and those numbers were largely justified.Citigroup, which got hit hardest of all the big banks for the 2008 collapse, was expected to earn about $4.1 billion, $1.78 per share, although its "whisper number" is for earnings of $1.84. (It earned $1.87.) That was on $18.57 billion of revenue (a slight miss), meaning almost 22 cents on every dollar that came in hit the net income line. This is nice work if you can get it. * 7 Stocks That Can Outperform for Years Bank of America expected earnings of about $6.5 billion, 67 cents per share, on revenue of $23.29 billion. Again, they were hoping for 69 cents, and taking almost 28 cents of every dollar to the net income line. Final earnings of 68 cents put them right in the ballpark.For Goldman Sachs, analysts expected $5.05 per share, got $5.71, but the stock fell after revenue of $8.81 billion fell short of the estimated $8.97 billionThese are good times, evidenced by Bank of America raising its minimum wage for employees to $20 per hour. How much better might things be if regulations "holding them back" were loosened. The Trump Federal Reserve, and Republicans, all agree.Thus, the strategy last week was to play the victim before Congress. The harsher Democratic attacks on their past action, the more loudly they insisted they learned lessons and won't do it again. Like the Runyonesque gangsters at the Mission prayer meeting in Guys and Dolls. "Sit down, you're rocking the boat." The Real Threat for Bank StocksOther than deregulation, the big threat to big banks lies in fintech, which can replace nearly all banking jobs with computers. Square (NYSE:SQ) is just one fintech going into small business lending, once the banks' primary means of support. The biggest mortgage lender is no longer Wells Fargo (NYSE:WFC) but Quicken Loans, a fintech company. Small banks are partnering with fintechs to go after deposits against big banks on a level playing field. Since the bull market's start 10 years ago, the gains at all the big banks have been dwarfed by those at Charles Schwab (NYSE:SCHW), an online broker.In most industries, like technology, big players buy up the challengers and get even bigger. But the banks, most notably Wells Fargo, are still having their growth constrained by regulators. In Goldman Sachs' recent deal with Apple (NASDAQ:AAPL) to handle credit cards, it's the tech company, not the bank, that's doing the heavy lifting. The Bottom LineBig banks are still where the money is. They're still the safest place to keep cash when a crisis hits, because if things get bad, they will be bailed out. They're still your best defensive play in an uncertain market.Banks hate that and, facing the technology future, they have reason to.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM, SCHW, and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post After Bank Earnings, Is It Time to Buy? appeared first on InvestorPlace.
Investment management giant BlackRock on Monday reported first quarter earnings that blew away Wall Street’s expectations, bolstered by a jump in technology services.
Rep. Alexandria Ocasio-Cortez hasn’t met with bank executives despite overtures made to her since she took office in January, according to a Fox Business report.
The "Squawk Box" news team discusses Goldman Sachs CEO David Solomon's comments in an exclusive interview with CNBC on the state of the U.S. economy.
David Solomon, CEO of Goldman Sachs, says the company "performed well" in the first quarter of 2019 despite challenges. He also says the current leadership team plans to be "far more transparent" than the bank has been historically.
CNBC's Tanvir Gill sits down with Goldman Sachs CEO David Solomon to discuss company's earnings, future plans and the U.S. economy.