|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||53.88 - 55.27|
|52 Week Range||50.99 - 78.35|
|Beta (3Y Monthly)||1.65|
|PE Ratio (TTM)||18.34|
|Forward Dividend & Yield||0.60 (1.10%)|
|1y Target Est||N/A|
On a per-share basis, the Oaks, Pennsylvania-based company said it had profit of 80 cents. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
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The fintech company has begun construction on its new building at its suburban headquarters and its founder and CEO said "it seems like we should be in the city."
In a Sept. 28 complaint filed in U.S. District Court in Philadelphia, the complaint alleges that the plan’s almost exclusive reliance on proprietary investment options was a breach of their duties under ERISA.
In order to scale up investments in the healthcare sector, Blackstone (BX) agrees to acquire global life sciences investment firm Clarus.
LendingTree (TREE) agrees to acquire one of the largest online insurance comparison marketplaces, QuoteWizard for $370.2 million.
The Zacks Analyst Blog Highlights: First Bancorp, Berkshire Hathaway, Banner, SEI Investments and Vertex Energy
Blackstone (BX) continues to undertake strategic decisions with an aim to cross $1 trillion assets under management mark in the coming years.
Axos Financial (BOFI) receives regulatory nod for proceeding with Nationwide's Deposits acquisition, announced in August 2018.
Given the concerns faced by the asset management industry, if Invesco (IVZ) buys OppenheimerFunds, it will significantly improve the company's product offerings and profitability.
While loan growth and higher rates will aid Zions' (ZION) top-line growth, increasing costs and risky loan portfolio might hurt financials.
While Invesco (IVZ) doesn't seem to be an attractive pick right now, there are a few other asset managers that are worth considering for growth.
Franklin Resources (BEN) displays commitment to expand into alternatives and private equity markets by entering into a joint venture with Asia Alternatives.
Fed officials also noted that economic activity continues to rise at a steady pace, with the labor market going strong. This calls for investing in banks, insurance and brokerage houses as such institutions will see a ramp up in profits on continuous interest rate hikes and stable economic conditions. Powell defended the Fed’s push to raise interest rates at a gradual pace despite President Trump’s criticism of higher borrowing costs.
Powell affirmed gradual rate-hikes remain appropriate as inflation has recently moved up near 2% and there does not seem to be "an elevated risk of overheating."
Franklin Resources (BEN) benefits from cost containment measures and inorganic strategies. However, falling investment management fees remain a key headwind.
While higher costs might hurt SEI Investments' (SEIC) bottom line, its diversified products and services as well as strong asset inflows position it well for growth.