|Bid||438.40 x 1000|
|Ask||0.00 x 800|
|Day's Range||436.38 - 442.08|
|52 Week Range||360.79 - 557.00|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||16.57|
|Earnings Date||Jul 15, 2019 - Jul 19, 2019|
|Forward Dividend & Yield||13.20 (2.72%)|
|1y Target Est||512.67|
Funds that built big short positions in Italy's leading banks from early 2018 have lowered the size of their bets in the last few months as political worries eased, regulatory data shows. Despite a looming budget showdown between Rome and Brussels, a Reuters analysis of data from Italian market regulator Consob shows that as of May 21 there were no net short positions above 0.5% in shares of Italy's two largest banks. Consob discloses changes in short positions above 0.5% and in 2018 funds had short positions in Intesa Sanpaolo and UniCredit which were above this level.
Investors including BlackRock, the world’s largest fund manager, have taken part in a private share sale by TransferWise that has doubled the value of the payments start-up to $3.5 billion.
Morgan Stanley (MS) is cutting jobs at its equities business in London after reporting a decline in equity trading revenues in first-quarter 2019.
“We see both markets and currencies trading at very cheap levels," said Ed Kuczma, BlackRock’s portfolio manager, who oversees $1.9 billion in the company’s Latin American equity funds. Brazil’s benchmark equity Ibovespa index has fallen 2.7% so far this month, as noise from domestic politics has added to weaker-than-expected economic growth. “Between now and the pension reform’s approval, there should be volatility,” Kuczma said.
While East West Bancorp (EWBC) is poised for revenue growth, supported by rise in loans and higher rates, increasing costs and deteriorating asset quality remain concerns.
Alibaba Group Holding (NASDAQ:BABA) is defying the market downturn in the best possible way, with blowout earnings. Last week, BABA stock topped out just below $180 per share, a market cap of $453 billion, after the company announced earnings.Source: Charles Chan Via FlickrLast quarter, BABA earnings came in at $1.28 per share, on revenue of $13.9 billion, and highlighted $1.15 billion in cloud revenue. That's revenue growth of 51% year-over-year for those scoring at home.Analysts had been expecting earnings of 98 cents per share on revenue of $13.42 billion. The shares had been falling early in the month, with traders betting the trade war would begin to bite. And despite strong earnings and management showing that BABA has little to fear from the trade war, Alibaba stock has fallen again to just above $160.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks to Buy That Are Also Perfect for Retirement However, I don't believe this changes the underlying narrative on BABA stock. This is still a long-term growth story of company largely immune to trade tensions -- even if the stock itself isn't always. What Trade War?The report highlighted how despite all of the talk, many companies on both sides of the Pacific just aren't being heavily hit by the trade war. For now at least, it's business as usual.The Alibaba report noted that the company has now enabled delivery of Starbucks (NASDAQ:SBUX) products from 2,100 stores in China and helped drive new Starbucks Rewards memberships through its online stores. Starbucks is facing new competition from Blackrock (NYSE:BLK) financed Luckin Coffee, which is preparing to raise $500 million to expand its own network of over 2,000 kiosks. If consumers in China were taking the trade talk seriously, they might be abandoning the American brand, which is easy to do.Bears had been betting that the trade war could sink BABA stock, but they have recently been outnumbered by bulls taking options the price could hit $215 per share. Why Alibaba MattersThe New York Times talked about the slowing growth of Alibaba but that's a function of big numbers being harder to move than smaller ones.Analysts are now expecting Alibaba to achieve sales of $54.5 billion during the 2020 fiscal year, and earnings of $6.56 per share, which means the current stock price is just 8.2 times sales and 26.7 times next year's earnings, both modest for a high-growth company.Alibaba is increasingly a proxy for the global Chinese middle class, its shows now following Chinese overseas through a deal with Netflix (NASDAQ:NFLX). China's problems are increasingly First World problems with Alibaba founder Jack Ma, now executive chairman, as spokesman. He's pushing a 1950s "Organization Man" view of the world, telling people to work 72-hour weeks with his mantra of "996." He recently made even more controversial comments as an inappropriate play on this idea.Alibaba is also a bet on the power of the cloud to change the world's economic geography. Unlike Amazon (NASDAQ:AMZN), which mainly re-sells cloud infrastructure, or Microsoft (NASDAQ:MSFT), which sells business applications from clients, Alibaba is focused on selling its own trade applications, and pushing its own payment network, Alipay, through global alliances.Alibaba is also selling its brand, and this may be the most potent threat to American power, even more important than China's military or its "Belt and Road" initiative. Alibaba is now opening its AliExpress market to sell goods from outside China, after Amazon shuttered its Chinese store.The Alibaba brand is now worth $131 billion according to Brandz, second only to Amazon, which has a value of $313 billion. By way of contrast rival JD.Com (NASDAQ:JD) is said to be worth just $20 billion. The Bottom Line for BABA StockI got off the Alibaba train in February, with the stock at $167 per share. It may be time to climb back on board despite the recent volatility. * 7 ETFs for Healthy Healthcare REITs Certainly, China has problems, especially debt problems. But the U.S. also has debt problems. World trade is not declining despite the efforts of global leaders. Alibaba and Amazon look set to be prime beneficiaries.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and MSFT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post BABA Stock Earnings Blast Away the Bears and Quell Trade-War Fears appeared first on InvestorPlace.
if they pass her withdrawal agreement. The pound rose to briefly approach $1.28 after the prime minister said she believed there is “one last chance” to pass her exit deal, which has already been rejected three times in the House of Commons. Mrs May said the withdrawal agreement would include a requirement to vote on whether to hold a second referendum.
Last month, it broke off merger talks with Commerzbank AG, leaving investors guessing what’s next in terms of strategy. The world’s biggest shareholder advisory firms recommend voting against the supervisory and management boards. BlackRock, the world’s largest investment firm with $6.5 trillion under management, has mandated a specialized company to cast the votes in its stead when Deutsche Bank’s shareholders convene in Frankfurt on Wednesday, people familiar with the matter said, asking not to be identified in discussing private information.
The other day, the chief executive of a well known global company did something unusual. He said people should ask themselves if they really needed to buy something his group was famous for selling. “It’s ...
Mario Draghi has five months left in office at the European Central Bank, and yet more years of work ahead if he wants it. The ECB president’s pending exit in October has sparked speculation back home in Italy over whether he’ll retire from public life or return one day to participate in the nation’s fractious political scene. Finance Minister Giovanni Tria said last month that Draghi could make a “big contribution” there.
For decades Martin Flanagan, chief executive of Invesco, has shuffled between drab government buildings in Beijing and Shanghai on annual pilgrimages, urging regulators to open the market to foreign fund managers. The trips are “packed days from breakfast through dinner — it’s really morning through night”, said Mr Flanagan, who has run the $975bn-in-assets firm since 2005. Chinese authorities are now more willing to relax access to their markets, he said, spurred by a sense of urgency as they face what Larry Fink, chief executive of BlackRock, has labelled a “retirement crisis”.
TORONTO, May 17, 2019 -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced.
ROME (Reuters) - The European Central Bank has given troubled Italian lender Carige "about a month" to find an alternative buyer after U.S. asset manager BlackRock pulled out of a proposed rescue ...
The European Central Bank has given troubled Italian lender Carige "about a month" to find an alternative buyer after U.S. asset manager BlackRock pulled out of a proposed rescue bid for the lender, a source close to the matter said on Friday. A second source said the ECB had given temporary administrators running the Genoa-based bank "a few more days" to find a buyer, after a previous May 17 deadline expired without a solution having been found.
A fiscal policy that is constrained and a European Central Bank that is most likely doing too little too late are reasons to be cautious on investing in Europe, BlackRock's deputy head of official institutions group said on Thursday. A weakening euro zone economy, hurt by global trade tensions, has once again put the spotlight on what European policymakers can do to lift a sluggish economy. "If the U.S. gets hit by a shock, the Fed will cut interest rates, we will have extra fiscal stimulus.
NEW YORK/HONG KONG (Reuters) - Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Thursday priced its U.S. initial public offering at the top end of its targeted range and sold more shares than planned in the biggest U.S. float by a Chinese firm this year. The Beijing-based coffee chain raised $561 million (439 million pounds) by selling 33 million American depositary shares (ADS), more than the 30 million it originally said it would sell, at $17 each - at the top end of an indicative range of $15 to $17. Each ADS represents eight Class A shares, the company said in a filing with the U.S. Securities and Exchange Commission last week.
BlackRock (BLK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
“In terms of senior visible executives, I actually think the asset management industry is doing quite well,” Lord, who’s head of Europe, Middle East and Africa at BlackRock, said during a panel discussion at the Bloomberg Equality Summit in London on Thursday. Investors are almost all “male, white, British,” she said at the summit held at Bloomberg’s European headquarters.