|Bid||112.71 x 1000|
|Ask||113.80 x 800|
|Day's Range||112.50 - 114.14|
|52 Week Range||91.11 - 119.24|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||12.26|
|Earnings Date||Jul 16, 2019|
|Forward Dividend & Yield||3.20 (3.16%)|
|1y Target Est||118.19|
Germany's Deutsche Bank and Commerzbank said Thursday they were halting talks on a possible merger that aimed to create a stronger global banking player, saying it would be too risky and costly. Deutsche Bank CEO Christian Sewing said in a statement that that the combination "would not have created sufficient benefits to offset the additional execution risks" in carrying out such a sweeping combination. Deutsche Bank made a profit last year after three straight years of losses and a wrenching restructuring that has seen it shed thousands of jobs and pull out of countries where its business was less profitable.
3M: What to Expect from Its Q1 Earnings(Continued from Prior Part)Analysts’ consensus on 3M Investors give higher importance to analysts’ views, recommendations, and target prices when tracking the stock price movement. The number of analysts
A real estate broker says there’s renewed competition among banks to capture high-profile locations.
Cassiana Fernandez, JPMorgan Chase & Co.’s chief Brazil economist, sees the real at 3.90 per U.S. dollar by year’s end, more pessimistic than the 3.75 per dollar median forecast. “The political uncertainty already began to impact market expectations,” Sao Paulo-based Fernandez said in an interview. Investors shrugged off concern Bolsonaro, who comes from a small party, would have trouble finding support in a fragmented Congress to overhaul the social security system and generate savings of 1.16 trillion reais ($295 billion) over 10 years.
The last month of Bitcoin's price action is a stark reminder that volatility cuts both ways. If you've been involved with cryptocurrencies for a while, you might recall that in 2017, Bitcoin ventured from $5,000 to $10,000 in under 50 days. Meanwhile, in the last three weeks, Bitcoin has delivered a speedy uptrend from around $4,130 to its current $5,500 territory to mark a 33% jump in three weeks.
JPMorgan Chase Financial Company LLC announced today the quarterly coupon amount for the Cushing® 30 MLP Index ETN . The table below summarizes the coupon amount for the Cushing® 30 MLP Index ETN .
Make no mistake, Melinda Gates is a capitalist. The philanthropist and wife of Microsoft (MSFT) co-founder Bill Gates weighed in on the socialism vs. capitalism debate in a CNBC interview Wednesday morning. “What I know to be true is I would far rather live in a capitalistic society than a socialist society.
Executives across Wall Street, from J.P. Morgan CEO Jamie Dimon to Goldman Sachs head David Solomon, have said that hiring and promoting women and minorities is a priority.
China is poised to command a larger percentage of equity-based emerging markets exchange traded funds thanks to index provider MSCI Inc. 's (NYSE: MSCI ) plan to boost its international benchmarks' exposure ...
Cyprus has seen strong demand for its inaugural 30-year bond sale in the latest sign of the country’s recovery from a fiscal and economic crisis that peaked six years ago. The deal represents the first time the country has sold debt with a 30-year maturity, and it comes three years after the country emerged from a painful bailout programme, in which it borrowed roughly €7.5bn from the EU and International Monetary Fund. Cyprus has found a more stable footing since losing access to international capital markets in 2013 amid troubles in its banking sector and deteriorating public finances.
Despite last year's plunge in prices for bitcoin, big investors are pumping money into hedge funds and venture-capital firms that specialize in the fledgling market for so-called cryptocurrencies. In just the past 12 months, investments in cryptocurrency-related assets have nearly tripled to $14.4 billion, in more than 700 companies and funds, according to industry tracker Crypto Fund Research. Regulators in New York state describe the market as "thriving," and they've granted virtual-currency trading approvals known as "BitLicenses" to at least 18 companies.
Saudi Aramco, the world's biggest oil producer, will remain active in the debt markets after its debut $12 billion bond earlier this month, which was "only the beginning", Saudi Energy Minister Khalid al-Falih said on Wednesday. Falih, speaking at a financial conference in Riyadh, also said Aramco would access the equity markets earlier than expected after the company gained exposure among investors through the bond sale. Many saw the debt deal as a relationship-building exercise with international investors ahead of Aramco's planned initial public offering, aimed at raising money for the government as Saudi Arabia looks to cut its budget deficit and diversify its economy.
Why Analysts Expect United Parcel Service's Q1 Earnings to Fall(Continued from Prior Part)Analysts’ recommendations Analysts polled by Reuters have given United Parcel Service (UPS) a consensus rating of ~2.56 and a “hold” recommendation.
Pampa may consider selling the 51.4 percent it holds in Empresa Distribuidora y Comercializadora Norte SA, which is known as Edenor, according to the people. JPMorgan was selected by Pampa from more than five banks to advise on the possible sale, which is still in the early exploratory stage, according to a separate person.
Following mixed earnings results from the big banks, investors face a conundrum: embrace the promise of beating estimates at the risk of slower growth?
Amazon (NASDAQ:AMZN) is due to report earnings April 25. Analysts expect about $2.3 billion in net income, or $4.72 per share. The hoped-for "whisper number" is $4.95 per share, almost $2.5 billion.Source: Shutterstock The key number will be the revenue number, expected to be $59.65 billion.I'm guessing it will come in light.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reason is Whole Foods, whose strategy doesn't line up with Amazon's. What happens at Whole Foods matters because the argument for Amazon stock is based on cash flow and growth, not on profits. Amazon has been growing at about 30% per year, even with its huge scale. Any slowdown is going to hit the stock hard.And Whole Foods looks like a slowdown. Amazon's Whole Foods ProblemWhen Amazon bought Whole Foods in 2017 for $13.7 billion, it was an upscale retailer known to detractors as "Whole Paycheck."Corporate cultures clashed immediately, as Amazon sought to scale Whole Foods into a mainstream retailer, a high-volume outlet serving its Prime customers. * 10 High-Yielding Dividend Stocks That Won't Wilt The result is illustrated in the Atlanta market, where the company's original store in an upper-class suburb recently closed in favor of a multi-story outlet in a downtown skyscraper. The company also opened a suburban outlet under its low-cost "365" brand, which is now going away.Amazon immediately began advertising "lower prices" at the new store, especially for Prime Members. I'm a Prime member, so I checked it out.The prices are below those Whole Foods once charged, but they're nowhere near those of Kroger (NYSE:KR), privately owned Publix or Walmart (NYSE:WMT), which dominate the Atlanta marketplace. Small hamburger buns that sell for $1.50 a pack at Kroger go for $3 at the new Whole Foods. It's like breakfast at Tiffany (NYSE:TIF). Bring your own croissant and stand at the window.There are some cool amenities, like a "vegetable butcher," a bakery and a rooftop beer garden, but bargain hunters are going to be disappointed. This is still an upper-class store for upper-class foodies. The power of Whole Foods sales hit Amazon's balance sheet in 2018. It's likely growth in 2019 will be much slower.What Amazon wants is for its Prime Members to order their groceries from Whole Foods and have them delivered via Amazon. For that change in habit to happen, it needs a much bigger, broader store network than Whole Foods now offers. Bananas are not books. Amazon on All CylindersOver the longer run, Amazon is still great. Cloud revenues keep climbing and margins should be fine since over half of what's sold at the website is owned by others. Amazon is once-again retreating in China, but that was never a big money-maker.Amazon also has huge growth opportunities in front of it. Its credit card, currently managed by JPMorgan Chase (NYSE:JPM), should become just the opening wedge in an all-out assault on banking services from small business lending to mortgages.Its joint venture in healthcare with JPMorgan and Berkshire Hathaway (NYSE:BRK.A) only has a name -- Haven -- but it should start with about 1.5 million accounts (the three firms' employees and families), roughly 5 million total insureds. It looks to be copying the analytics-based strategies of United Healthcare (NYSE:UNH), which just reported record profits on revenue of $60.3 billion with almost 50 million customers. The Bottom LineFor Amazon, it's only top-line growth in the near term that's threatened. The company chose to pay $13.7 billion for 2% of the U.S. grocery market when Kroger, which has 10% of that market, is valued at just $20.4 billion.Over the longer run, Amazon still has an enormous runway for growth, and the assets to take advantage. But investors and reporters are fickle. A revenue "miss" could look much larger than it really is. If it does, consider any dip another invitation to buy this stock for the long run.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 AMZN and JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Amazon Is a Buy on Dips, Whatever Whole Foods Does appeared first on InvestorPlace.
Earnings season is in full swing on Wall Street. Here are two problems that suggest stock prices could come back down to Earth soon.
The 2019 NFL Draft begins tonight in Nashville, Tennessee, where around 100,000 people will flock to Nashville for the Draft and will make impact on the local economy. Butch Spyridon, CEO of the Nashville Convention & Visitors Corporation, joins us live from Nashville with some insight.