|Bid||30.60 x 1300|
|Ask||30.84 x 1000|
|Day's Range||30.60 - 31.04|
|52 Week Range||25.12 - 33.05|
|PE Ratio (TTM)||16.11|
|Earnings Date||Oct 15, 2018|
|Forward Dividend & Yield||0.60 (1.95%)|
|1y Target Est||34.57|
Nxt-ID, Inc. (NXTD) a provider of healthcare devices as well as payment, credential management, and authentication platform services, announces its management team will host an investor webcast to discuss the recently announced plan to spin-off its payment division. The webcast will commence Thursday, September 27th at 4:10 p.m. EST. The Company previously announced that it intends to separate its payments, authentication and credential management business into an independent company and distribute shares of the newly created company to its shareholders through the execution of a spin-off, which the Company believes will qualify as a tax-free distribution.
Investing to “buy and hold” is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. Industries like energy, real estate and even consumer products are facing potentially significant long-term changes going forward. In any era, amassing a collection of retirement stocks simply by buying the best companies and holding them for years can be a risky endeavor.
Lynn Good, CEO of Duke Energy Corp., ranks 11th on the Fortune magazine's"50 Most Powerful Women in Business" list.
Merrill Lynch has said it’s not leaving the broker recruiting protocol, but some industry watchers believe that could eventually change. One of them, recruiter Danny Sarch, lays out his argument in InvestmentNews. Citing InvestmentNews data, Sarch says Merrill Lynch has made only one hire from competitors in 2018 while more than 30 advisory teams have jumped ship.
Banco Santander (SAN.MC) has appointed Andrea Orcel as its new chief executive officer to replace Jose Antonio Alvarez, Spain's biggest bank said on Tuesday. Orcel has been head of UBS Group's (UBSG.S) investment banking business since 2014 and a member of the bank's executive board since 2012. Alvarez will become vice-chairman of Banco Santander and executive chairman of the bank's domestic Spanish division.
The New York City-based investment bank and financial services company entered the Georgia market 10 years ago when it bought Washington Mutual.
Sensible investors years ago could have chosen market leaders like Polaroid, General Motors (NYSE:GM), Sears (NASDAQ:SHLD), and myriad other ‘safe’, seemingly dominant stocks that would go on to stumble badly — or even go bankrupt. It’s far from guaranteed, however, that even torrid growth will produce much in the way of long-term returns relative to the stocks’ current prices.
Which begs the question: Is this Warren Buffett’s worst investment? “I see no reason why Wells Fargo as a company…going forward is in any way inferior to the other big banks with which it competes,” Buffett said during annual shareholders meeting in May. “We have a large unrealized gain [in the stock].
(BAC) continues its long run as the largest provider of wealth management services to wealthy individuals—but (MS) is narrowing the gap between No. 1 and No. 2. BofA, including its Merrill Lynch and U.S. Trust wealth management units, has held the top spot in our Top 40 for 10 consecutive years. This year, for the first time, however, the second-place firm has narrowed the gap to less than $100 billion in client assets.
This game has been the primary reason for Take-Two Interactive’s 1000.0% stock returns (in absolute terms) since the start of 2013. Take-Two Interactive’s highly anticipated game, Red Dead Redemption 2, is expected to be released on October 26 and contribute to the company’s revenues in the holiday quarter. Red Dead Redemption 2 already has a dedicated fan base, and it’s garnered positive responses from its players.
Investing.com - Gold prices inched up while the dollar also gained on Monday as China cancelled its planned trade talks with the U.S.
Bank of America.If you work at a bank, and you meet with a client and like the cut of his jib and decide to lend him $300 million, and the client vanishes into thin air and the bank writes off the $300 million, are you in trouble? Were you not supposed to have done that? Obviously the bank would rather have the $300 million than not; lending $300 million and getting it back is better than lending $300 million and not getting it back.
Investor sentiment upbeat on expectation of interest rate hike this month along with strong domestic economic growth and a steady labor market.
Nxt-ID, Inc. (NASDAQ: NXTD) today announced that it intends to separate its payments, authentication and credential management business into an independent company and distribute shares of the newly created company to its shareholders through the execution of a spin-off, which the Company believes will qualify as a tax free distribution. Immediately following the transaction, which is expected to be completed by November 15, 2018, Nxt-ID shareholders who own common shares of Nxt-ID on the dividend date of October 15, 2018 will own shares of both companies.
Leadership changes are starting to ripple through Bank of America Corp.’s investment bank as disagreements over risk-taking and a struggle to keep pace with competitors spur high-level departures. On Wednesday, Christian Meissner said he’s stepping down as head of the corporate and investment-banking division he led through the tumultuous years after the financial crisis. More executives may follow Meissner’s lead, they said.
Bank of America Corp Global Corporate and Investment Banking head Christian Meissner is leaving the bank at the end of the year, according to an internal memo seen by Reuters. Meissner will be replaced ...
Bank stocks have had a rough 2018 so far, but Oppenheimer is expecting strong third quarter earnings reports to spark an upsurge in their share prices, Barron's reports. Banks’ earnings fundamentals are "more solid than any time in the 33 years we have been covering the space, but the perception that the earnings power of these companies is fragile persists," writes Chris Kotowski, senior analyst for large cap banks and brokerage firms at Oppenheimer, as quoted by Barron's. He adds that capital levels are high and loan delinquencies are low, on "altogether better planes than they have ever been before." Another positive is good expense control, with bank expenses up only about 2%, Barron's adds. The KBW Nasdaq Bank Index is trailing the S&P 500 Index (SPX) by a wide margin year-to-date, as are 5 of the 6 largest U.S. banks, Bank of America Corp. ( BAC), Citigroup Inc. ( C), Goldman Sachs Group Inc. ( GS), Morgan Stanley ( MS) and Wells Fargo & Co. ( WFC).
Bank of America Corp. has made substantial inroads into the Twin Cities market as of late after shying away from the area for decades. In 2015, the bank says it was the 80th-largest bank in the Twin Cities based on metro-area deposits. Over roughly the past five years, the bank has built up its local infrastructure and is deploying technology like few, if any, other financial institutions.
Shares of Bank of America Corp. (BAC), a multinational investment bank and financial services company, are up over 2.2% since Monday, Sept. 17. Treasury yields rose on Wednesday, pushing bank stocks higher, helped by positive housing data. Benchmark 10-year U.S. Treasury yields rose above the 3% mark on Tuesday, and the benchmark rose to its highest level in four months on Wednesday.
In a recent note, Bank of America Merrill Lynch Chief Investment Strategist Michael Hartnett analyzed the state of the markets 10 years following financial crisis. Hartnett cited the unique deflationary nature of the bull market, wherein while stocks have risen to record highs, brokerage commissions have fallen to $30 billion from $80 billion since 2000, as outlined by Business Insider. Deflationary assets such as government bonds, US investment-grade bonds, the S&P 500, US consumer discretionary equities, growth stocks and US high-yield credit have outperformed the inflationary group including assets like commodities, Treasury inflation protected securities, developed-market stocks (excluding the US and Canada), US banks, value stocks and cash.