|Day's Range||64.48 - 65.30|
|52 Week Range||49.46 - 77.87|
|PE Ratio (TTM)||16.53|
|Dividend & Yield||1.36 (2.12%)|
|1y Target Est||N/A|
Headlines about the lawsuit Exxon Mobil Corporation (NYSE:XOM) just filed against the U.S. government are drowning out the fact that the diversified energy giant is set to report second-quarter fiscal 2017 earrings results next week. The Houston-based company is challenging to the Treasury Department’s Office of Foreign Assets Control ruling that Exxon violated U.S. sanctions against Russia in 2014, thus must pay a $2 million fine related to actions it took between May 14 and May 23, 2014 under the leadership then CEO Rex Tillerson, who is now the Trump Administration’s Secretary of State. Although $2 million is a drop in the bucket for Exxon, which generates $25 billion in operating cash flow, it’s nonetheless a matter a principle.
Second-quarter results show loan growth and margin improvement, but bank stocks witnessed a bearish stance on concerns over underlying weakness.
Zacks Industry Outlook Highlights: Prosperity Bancshares, Great Western, Bank of the Ozarks and First Horizon National