30.36 0.00 (0.00%)
After hours: 4:20PM EDT
|Bid||30.37 x 1000|
|Ask||30.38 x 800|
|Day's Range||30.16 - 30.62|
|52 Week Range||22.75 - 33.05|
|PE Ratio (TTM)||15.95|
|Earnings Date||Oct 15, 2018|
|Forward Dividend & Yield||0.60 (1.89%)|
|1y Target Est||34.57|
, making it the first time Constellation has officially announced the names of the high-profile banks. Bank of America has committed to provide the credit facility for Constellation Brands to purchase roughly $4 billion in Canopy Growth stock to bring Constellation's stake in the company up to 38%. "The fact that Bank of America is providing the financing for the transaction provides another level of validation for the industry in general," said Paul Rosen, CEO of Tidal Royalty and co-founder and ex-CEO of cannabis company Cronos Group.
Bank of America stock is now up just 3.2% so far this year – below the 5.6% return of the S&P 500. A number of the bullish catalysts that led Bank of America higher after the U.S. presidential election are coming to pass. Interest rates are rising, helping net interest margin and Bank of America profits.
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor optimism. Gains were widespread as the S&P 500 and the Dow Jones Industrial Average looked set to end their four-day losing streaks. The Turkish lira recovered some ground after plunging to an all-time low on Monday as the country's central bank took steps to ease pressure on the currency.
U.S. stock futures are trending higher this morning. Wall Street appears to have shaken off troubles coming out of Turkey, after the country’s central bank pledged to provide “all the liquidity” its financial institutions needed. About 16.6 million calls and 16.1 million puts changed hands on the session.
The conventional wisdom is that higher interest rates are bad for stocks. Selling attributed to a rate hike may simply be profit-taking or normal market gyrations. U.S. stocks, in particular, generally do well as interest rates are rising.
MARKET PULSE The financial sector was the hardest hit of the S&P 500's 11 key sectors, as banks stocks were weighed down by a sharp drop in longer-term Treasury yields. The SPDR Financial Select Sector ETF (xlf) dropped 1.
Virtual credit cards are a great way to make sure free trials don't go beyond the free period, and to prevent extra unwanted charges.
Bank of America has escalated its rollout of retail branches in Pittsburgh with plans to open three by year-end, starting with an Upper St. Clair site in September, and a fourth by mid-2019. “We’re expanding here pretty rapidly,” said Brian Ludwick, president of BofA’s Pittsburgh market, on Friday. Three advanced centers are also due to open this year, starting with a site at 430 Market Street in downtown Pittsburgh.
BofA's (BAC) digital-first approach at the time of entering new markets will support its branch expansion and increase use of digitization plans.
BofA’s digital-first strategy in new markets is a departure from the bank’s strategy of opening branches in a new market then supporting the physical locations with mobile banking services.
N.A., a large secured lender in the bankruptcy of the nation’s second-largest Applebee’s franchisee, said the business should put itself up for sale immediately and stop spending resources in litigation with the parent company. RMH Franchise Holdings Inc. and affiliated entities sought protection from creditors in May through a chapter 11 petition. Inc. RMH has said its franchiser had unexpectedly sought to terminate the franchisee’s rights.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves. Here's the performance of select trending stocks as of 2:30 pm ET: TVIX(HB) VS 2X VIX Short Term 7.82% UVXY ProShs Ultra VIX Short-Term 6.02% VXX(HB) iPath S&P 500 VIX Short-Term 4.07% AMD Advanced Micro Devices Inc 3.69% JCP(HB) Penney (J.C.) 3.10% TWTR Twitter Inc 2.81% SQ Square Inc 2.76% GERN(HB) Geron Corp 2.71% SNAP Snap Inc 2.32% SDRL(HB) Seadrill Limited 1.54% HUYA(HB) HUYA Inc 1.66% ABBV AbbVie Inc 1.44% AAPL Apple Inc 0.98% AMZN Amazon.com Inc 0.87% CELG Celgene Corp 0.78% SBUX Starbucks Corp 0.75% TSLA Tesla Inc 0.62% TRXC(HB) TransEnterix Inc 0.84% GILD Gilead Sciences 0.53% AMAT Applied Materials 0.47% NVDA Nvidia Corp 0.47% V Visa Inc 0.45% PYPL PayPal Hldgs Inc 0.44% MO Altria Grp 0.41% X U.S. Steel Corporation 0.35% FB Facebook Inc 0.28% WBA Walgreen Boots Alliance Inc 0.29% ADBE Adobe Systems 0.29% QCOM Qualcomm Inc 0.26% MU Micron Tech 0.29% CVS CVS Health Corp 0.20% BB BlackBerry Ltd 0.19% PG Procter & Gamble Cc 0.18% QQQ Invesco QQQ Trust Series 1 0.14% GOOG Alphabet Inc Cl C Cap Stock 0.06% AVGO Broadcom Inc 0.04% CSCO Cisco Systems 0.01% PFE Pfizer Inc 0.00% GOOGL Alphabet Inc Cl A -0.04% LRCX Lam Research -0.02% CMCSA(HB) Comcast Cl A -0.06% SIRI Sirius XM Hldgs Inc -0.07% BA Boeing Co -0.06% T AT&T Inc -0.09% SPY SPDR S&P 500 ETF -0.18% NKTR(0) Nektar Therapeutics -0.22% DIS Disney (Walt) Co -0.26% JNJ Johnson & Johnson -0.27% ORCL Oracle Corp -0.26% VZ Verizon Communications -0.29% WFC Wells Fargo -0.31% CAT Caterpillar Inc -0.32% BP BP P.L.C. ADS -0.34% CVX Chevron Corporation -0.37% KO Coca-Cola Co -0.36% INTC Intel Corp -0.40% SRPT Sarepta Therapeutics Inc -0.41% WMT Wal-Mart Stores -0.44% NKE Nike Inc Cl B -0.47% MSFT Microsoft Corp -0.57% HD Home Depot Inc -0.64% CRM salesforce.com Inc -0.63% NFLX Netflix Inc -0.65% XOM Exxon Mobil -0.74% PBR Petroleo Brasileiro S.A. ADS -0.95% IBM Intl Business Machines Corp -1.04% BABA Alibaba Group Holding Ltd -1.08% C Citigrp Inc -1.15% JPM JPMorgan Chase & Co -1.25% BIDU Baidu Inc -1.49% BAC Bank of America Corporation -1.88% KMI Kinder Morgan Inc -2.01% ACBFF(HB) Aurora Cannabis Inc -2.06% FIT Fitbit Inc -2.08% JD JD.com Inc -2.12% GE General Electric Co -2.19% HMNY(HB,F) Helios and Matheson Analytics -2.30% SOGO(HB) Sogou Inc -2.29% TEVA Teva Pharm Indus ADR -2.40% F Ford Motor -2.62% ARWR(0) Arrowhead Pharma Inc -2.66% BILI(HB) Bilibili Inc ADS -2.96% CHK Chesapeake Energy Corp -3.00% IQ IQIYI Inc ADS -3.10% SHOP Shopify Inc -3.46% ROKU Roku Inc Cl A -3.96% CGC(HB) Canopy Growth -4.21% GEVO(HB) Gevo Inc -5.03% DBX Dropbox Inc -5.54% RAD Rite Aid -5.74%