|Bid||0.00 x 2200|
|Ask||0.00 x 800|
|Day's Range||64.27 - 64.53|
|52 Week Range||53.51 - 72.11|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.08|
|Expense Ratio (net)||0.46%|
As revenue growth is expected to outpace earnings growth this year, revenue-weighted ETFs are expected to take lead over earnings-weighted strategies.
The price-to-book value ratio (or PBV) is considered the best multiple for valuing companies in the insurance, finance, and banking spaces, as these companies have significant liquid and tangible assets on their books. A PBV of lower than 1.0 indicates that a stock is undervalued and is considered a good buy. Wells Fargo & Company (WFC) is currently trading at a PBV of 1.54x, a slight premium to the industry average of ~1.48x.
The enactment of President Donald Trump’s Tax Cuts and Jobs Act of 2017 has had an overall positive impact on Goldman Sachs’ (GS) financials. With the implementation of this act, corporate tax rates have declined to 21.0% from 35.0%. The entire financial sector has gained from decreased tax rates, as it’s among the most highly taxed industries.
Analysts consider the PBV (price-to-book value) ratio the best multiple to value companies in the insurance, finance, and banking space, as these firms have significant liquid and tangible assets on their books. A PBV multiple that’s less than 1.0 indicates that the stock is undervalued and considered a good buy. Wells Fargo (WFC) currently trades at a PBV multiple of 1.39x, a slight discount to the industry average of ~1.5x.
The implementation of the Tax Cuts and Jobs Act has had an overall positive impact on the banking industry. The corporate tax rates have come down to 21% from 35%. A lower tax rate not only improves a company’s net income but also frees up funds to invest in growth opportunities.
Investing in Citigroup Stock: Do Investors Think It Makes Sense? The Federal Reserve kept the funds rate at 0.25% from December 2008 to December 2015. With an improving economy and a lower unemployment rate, it started to raise interest rates for the first time in December 2015 by 25 basis points (or bps) to 0.50%.
A revenue-weighted ETF approach could serve as a compelling alternative to market-cap weighting for core equity positions. On the recent webcast, Anchor Your Core with Revenue Weighting, Brian Levitt, ...
With the growing migration towards index investing strategies, financial advisors may be wondering whether traditional market cap weighting is the right approach for their clients. On the upcoming webcast, ...