|Bid||105.05 x 1400|
|Ask||105.13 x 900|
|Day's Range||103.71 - 105.45|
|52 Week Range||95.95 - 119.33|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||13.01|
|Earnings Date||Jan 15, 2019|
|Forward Dividend & Yield||3.20 (2.97%)|
|1y Target Est||122.59|
The Saudi crisis deepens as Turkey president says Saudi planned journalist murder. Yahoo Finance's Adam Shapiro, Seana Smith and Brian Sozzi discuss.
With its first local branches soon to open, JPMorgan Chase is adding a business line locally that’s slipped under the radar: the servicing of businesses that make less than $25 million in annual revenue.
FRANKFURT (Reuters) - German conglomerate Thyssenkrupp (TKAG.DE) has hired Goldman Sachs (GS.N), JP Morgan (JPM.N) and Deutsche Bank (DBKGn.DE) as advisors in a planned spin-off of its capital goods business, ...
Capital One began its independent life as the credit card operater of a larger bank, just as the American penchant for instant gratification was coming into its own. If you think people in 2018 have trouble comprehending the concepts of “minimum payment” and “annual percentage rate,” you should have seen the landscape back when credit cards were really starting to come into their own. Some of the methods Capital One used to grab market share seemed extraneous then and hardly worth mentioning now, but they were critical.
Among genuinely fresh commitments, commodities trading house Trafigura Group signed a venture to develop a smelter and refining complex. State oil giant Saudi Aramco accounted for more than half of the 25 agreements. Chief Executive Officer Joe Kaeser’s decision to stay away delayed the signing of a $20 billion power plant contract, according to people familiar with the matter.
Financial stocks fell sharply early Tuesday, as the global selloff in stocks sent investors into safe-haven Treasurys, pushing yields lower. The SPDR Financial Select Sector ETF dropped 1.6% toward a 13-month low in premarket trade. Among the ETF's (XLF) heavyweights, shares of J.P. Morgan Chase & Co. shed 1.8%, Bank of America Corp. declined 2.8%, Citigroup Inc. lost 1.8%, Goldman Sachs Group Inc. gave up 1.8% and Wells Fargo & Co. slumped 1.5%. Meanwhile, the yield on the 10-year Treasury note declined 5.7 basis points to 3.139%. Lower long-term interest rates can pressure bank earnings, as it narrows the spread between what makes earn on longer-term assets, such as loans, and what they pay on shorter-term liabilities. The XLF, on track to open at the lowest level seen during regular session hours since September 2017, has lost 6.6% over the past three months, while the S&P 500 has slipped 1.8%.
Investors are demanding ever-higher premiums for companies lower down the ratings spectrum over high-quality peers -- a turning point for a market long distorted by the European Central Bank juggernaut. The gap between triple B and single A spreads -- the lowest and second-lowest in the high-grade tier -- is now the widest since the start of the ECB’s corporate bond purchase program, according to data compiled by Bloomberg. In other words, portfolio managers are choosing to be selective with fresh urgency, potentially redrawing the credit landscape for Europe’s strongest borrowers along the way.
Strategies that favor quality factors -- including measures such as high gross margins, elevated cash flow-to-asset ratios and low accruals -- should outperform in the year ahead, said Paul Winter, head of quantitative research for Asia-Pacific at UBS in Sydney. Global markets have stumbled this year as rising U.S. interest rates, a trade war between Washington and Beijing, and fears of an end to the global economic expansion have all dented investor confidence.
The sixth-straight monthly drop in sales, the longest streak since 2014, underscores what’s now a challenging time in the real estate market for buyers. The drag from higher mortgage rates is “likely to weigh on the existing home sales data in upcoming reports over the next several months,” Daniel Silver, an economist at JPMorgan Chase & Co., said in a note. Rising prices are also keeping homes unaffordable, particularly for first-time buyers.
Top business executives, U.S. and European officials and others have distanced themselves from Saudi Arabia over the disappearance and killing of dissident journalist Jamal Khashoggi, with many canceling ...
The student loan servicer must turn over loan records to Pennsylvania Attorney General Josh Shapiro, a federal judge in Harrisburg ruled last week.
After nearly three years of rate increases from the Federal Reserve, customers are pulling billions of dollars out of accounts that don’t earn interest and putting their money into higher-yielding alternatives.
While the European Central Bank meeting will be watched, tensions over Italy look set to dominate the start of the week. One striking feature of the pressure on Italy’s borrowing costs is that it has largely remained a domestic story. While the bond yields of other eurozone periphery countries such as Spain and Portugal have remained fairly subdued since Italy’s market first came under pressure at the end of May, this month has signalled that could change.
Reversing earlier denials of involvement in Jamal Khashoggi’s disappearance on Oct. 2, Saudi authorities said Saturday an initial probe showed that the Washington Post contributor was killed after “discussions” at the consulate turned physical. Khashoggi died after he was placed in a choke hold, a person with knowledge of the Saudi probe said. King Salman removed a top adviser to Crown Prince Mohammed bin Salman and prosecutors detained 18 people involved in the case.