|Bid||52.75 x 1000|
|Ask||53.04 x 4000|
|Day's Range||52.86 - 53.62|
|52 Week Range||50.26 - 66.31|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||12.49|
|Earnings Date||Jan 15, 2019|
|Forward Dividend & Yield||1.72 (3.16%)|
|1y Target Est||61.93|
The big four banks have low direct exposure to a slowing Chinese economy, but the interconnectedness of the global economy means that the banks still face a lot of secondary risk.
To compete, wirehouses have rolled out in-house succession programs that pay retiring advisors to transfer their clients to junior advisors. On Thursday, (MS) took things a steps further, announcing it’s sweetening its sunset retirement packages for top-producing advisors. If participating advisors leave the firm, they’re barred from joining rivals for 90 days, and they lose their retirement program bonuses.
On October 15, Bank of America (BAC) reported better-than-expected bottom-line results for the third quarter. The bank posted earnings of $0.67, beating the Wall Street estimate of $0.62 and marking ten consecutive quarters of earnings beats.
NeighborhoodLIFT program will offer homebuyer education plus $7,500 down payment assistance grants available for eligible homebuyers in all 82 Mississippi counties; special paramet
The financial institution will consolidate three of its Philadelphia offices in a much smaller space than it had been in over the years. It will, however, continue to operate a bank branch at 123 S. Broad St.
JP Morgan's stock was the most upsetting. Citigroup's stock hung in and then rallied, but it had been the most abused coming into the quarter -- which is always helpful, especially when the company is the biggest buyer of its own stock of the group, something it can do because it has gone from worst to first in the eyes of the regulators. It's worth noting that the stock of Goldman Sachs has had two strong days after the quarter, an aberration from the usual, negative pattern -- particularly on the second day, when the window opens for insider selling.
WASHINGTON/NEW YORK (Reuters) - U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co (WFC.N) to grow in size until the bank replaces Chief Executive Officer Tim Sloan. In a letter to Fed Chairman Jerome Powell, Warren said Sloan, a 30-year veteran of Wells, was "deeply implicated" in prior bank misconduct and it was untenable for him to remain at the bank as the Fed sought a drastic overhaul of its operations. "The Wells Fargo Board of Directors cannot plausibly claim that it is 'ensuring senior management's ongoing effectiveness in managing the firm's activities' while retaining a CEO that helped oversee this much misconduct," she wrote.
The Massachusetts Democrat escalated her criticism of the San Francisco-based bank in a letter Thursday to Fed Chairman Jay Powell, requesting that he maintain growth limits imposed earlier this year to ensure that real changes are made to fix oversight gaps that allowed consumer abuses including opening millions of accounts without customers’ knowledge. “The Federal Reserve should not remove the growth cap on WFC until the Board replaces Mr. Sloan with a new CEO who has not contributed to the very problems the Federal Reserve is seeking to fix,” Warren wrote.