|Bid||0.00 x 1000|
|Ask||0.00 x 4000|
|Day's Range||104.96 - 105.99|
|52 Week Range||91.11 - 119.33|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||11.72|
|Earnings Date||Apr 12, 2019|
|Forward Dividend & Yield||3.20 (3.04%)|
|1y Target Est||116.57|
Alpha Cubed Investments' Todd Walsh on whether there's still value in the value trade? With CNBC's Bob Pisani and Melissa Lee, and the Fast Money traders, Pete Najarian, Chris Verrone, Dan Nathan and Guy Adami.
A new report argues that U.S. bank CEO pay has grown faster than the banks themselves, and makes the case that European bank CEOs are more fairly compensated.
Germany is making it easier for lenders such as Deutsche Bank AG and JPMorgan Chase & Co. to fire top earners, adding flexibility for Frankfurt to lure financial companies unsettled by Brexit. Lower-house lawmakers in Berlin voted Thursday in favor of loosening German labor standards to allow the change. Chancellor Angela Merkel’s governing coalition backed the measure, arguing it’s needed to strengthen the stability of Germany’s finance sector and “minimize the risks” from individuals whose actions could cause fallout for their company.
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. In a complaint filed on Wednesday night, Philadelphia accused Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of secretly manipulating rates for tax-exempt bonds known as VRDOs, or variable-rate demand obligations.
JPMorgan Chase has committed $15 million to support Detroit’s neighborhoods to help more Detroit residents benefit from the city’s continued economic recovery. As part of JPMorgan Chase’s $150 million, five-year commitment to Detroit, this new investment, which combines a $10 million, long-term, low-cost loan and $5 million in philanthropy, is expected to expand economic opportunity in these neighborhoods.
Investors looking for the best stocks are wise to try and follow the smart money. From that standpoint, the portfolios of fund managers with strong track records can be fertile ground.After all, the best portfolio managers may have different strategies and different specialties. But those who can beat the market over time have proven that their respective approaches are based on sound logic and an understanding of what moves markets. * 8 Cheap Stocks That Cost Less Than $10 To be sure, even the best stock pickers don't always get it right. But they do more often than not. These five stocks all have support from some of the market's best minds and some of its smartest money. That alone suggests the rest of us should take a long look.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: Mike Mozart via Flickr Bank of America (BAC) and JPMorgan Chase (JPM)Warren Buffett has built a well-deserved reputation as the "Oracle of Omaha" as he's built Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) into one of the world's most valuable companies. And while the touch of Buffett and Charlie Munger might not be as deft and Todd Combs and Ted Weschler are handling some of the company's investments, the market still wisely sees Berkshire as the smart money.And Buffett and Berkshire continue to see U.S. bank stocks as undervalued. Berkshire added to its positions in both Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) in the fourth quarter. That's in addition to large existing stakes in Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC).With Goldman stock up big and Wells Fargo still scandal-ridden, the emphasis on adding JPM and BAC makes some sense. I personally have long argued that BAC and JPM are the two best stocks among U.S. big banks, and it's good to know that Buffett and Berkshire agree.Source: Shutterstock Union Pacific (UNP)Morningstar tracks a group of managers that have historically beat the market for its Ultimate Stock-Pickers Index. The No. 1 purchase by that group, as of November, was railroad operator Union Pacific (NYSE:UNP).Those managers look awfully smart. UNP stock has skyrocketed to start 2019, with the appointment of a new COO kicking off the rally last month. The stock now has gained 23% in this year alone.But the rally may not be over. Union Pacific stock is hardly expensive, trading at 16.5x 2020 earnings-per-share estimates. A nearly 2% dividend adds income as well. * The 10 Best Cheap Stocks to Buy Right Now Macro weakness is the big risk here -- lower economic growth means fewer products to ship -- but Union Pacific has managed through tough times before. Over the long-term, UNP has been a substantial outperformer and one of the best stocks in the market. The backing of smart money suggests that should continue, even with UNP at all-time highs.Source: Shutterstock Apple (AAPL)The No. 2 stock on Morningstar's list is Apple (NASDAQ:AAPL). Indeed, Apple's attractiveness to the smart money seemed to peak in October and November. Berkshire long has owned AAPL, but in November, hedge funds turned from net sellers to net buyers in Apple stock.That pivot was a bit early. AAPL would plunge in early January after cutting fiscal Q1 guidance. But the stock has rallied since, and strong institutional ownership persists.I personally remain skeptical; AAPL is cheap, yet worries about the iPhone can't be ignored. But a number of successful investors see it differently.Source: Mike Mozart via Flickr Kraft Heinz (KHC)The smart money likes a turnaround on the cheap, and Kraft Heinz (NASDAQ:KHC) certainly qualifies. In late December, KHC stock touched its lowest point since the 2015 merger. Not coincidentally, the stock was a hedge fund favorite in the fourth quarter.There's a case for KHC at the lows. Changing customer tastes and private-label competition have pressured results of late. And there's quite a bit of debt on the balance sheet. Still, Kraft Heinz has dozens of hugely valuable brands, and remains a tough competitor worldwide. * 10 Small-Cap ETFs That Pack a Wallop Indeed, I called KHC a fallen angel stock to buy last month, and I still believe that's the case. It may take some time for Kraft Heinz to turn around, and that process will require some patience from investors. Anyone buying KHC can at least know that more than a few professional stock-pickers will be waiting with them.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now * 7 Restaurant Stocks to Watch in 2019 Compare Brokers The post 5 Stocks That The Smart Money Likes appeared first on InvestorPlace.
The sultanate’s plans to slash its borrowing requirements and rely on asset sales for funding lifted Eurobonds due 2028 by the most on record, driving the yield down as much as 51 basis points to 6.30 percent. Oman’s bonds yielded 11 basis points more than Bahrain’s at 12:04 p.m. in London, compared with about 60 basis points in January, according to data compiled by Bloomberg.
In Asia, South Korea and Japan reported declines in exports, while European powerhouse Germany is seeing manufacturing shrink the most in six years. Shipping giant Maersk said Thursday that profit will fall short of expectations, and Chief Executive Soren Skou said the outlook for this year is bleaker. A UBS tracker puts global growth at the weakest in a decade, and the worries have overwhelmed central bankers.
First up: Gold-rated Vanguard Dividend Growth VDIGX , which closed to new investors in 2016. "Longtime manager Donald Kilbride looks for cash-rich firms with good prospects for continued dividend increases and tries to get them at a reasonable price," summarizes Morningstar senior analyst Alec Lucas. Kilbride maintains a portfolio of 45 to 55 holdings.
BOSTON—A health-care joint venture launched by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. is looking at how to redesign health insurance, among other efforts, according to newly unsealed court testimony from an executive at the health startup. Chief Operating Officer Jack Stoddard shed some light while testifying in federal court in Boston late last month. In testimony unsealed Wednesday, Mr. Stoddard said the venture is focusing on the complexity of health insurance and asking if it can “reinvent what insurance looks like in terms of benefit design?” He said workers are often confused about what their plans cover.
JPMorgan Chase (JPM) closed the most recent trading day at $105.69, moving +0.48% from the previous trading session.
JPMorgan Chase & Co. announced today the quarterly coupon amount for the Alerian MLP Index ETN . The table below summarizes the coupon amount for the Alerian MLP Index ETN .
Main Street seems to be giving cryptocurrency a second look. Last week, Jamie Dimon and JPMorgan Chase & Co. (NYSE: JPM) announced an investment in JPM Coin, which will become the first digital token provided by a U.S. bank. This week, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk lent cryptocurrency additional validation.
Investing.com - Financial stocks struggled to stay afloat Wednesday as a downgrade of Charles Schwab hampered the sector.