|Bid||0.00 x 1800|
|Ask||0.00 x 1800|
|Day's Range||114.44 - 118.06|
|52 Week Range||93.34 - 119.33|
|PE Ratio (TTM)||15.74|
|Earnings Date||Oct 12, 2018|
|Forward Dividend & Yield||2.24 (1.97%)|
|1y Target Est||121.02|
Is bank purgatory over? The bank stocks lead the rally. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Pete Najarian, Dan Nathan and Guy Adami.
Blue chips in the Dow Jones held solid gains in afternoon trading Wednesday, while technology stocks lagged. Boeing broke out of a base.
Here are six big bank stocks that are leading the way higher and looking ready for new money, especially with a bout of recent weakness creating an attractive entry point. Bank of America (NYSE:BAC) shares are bouncing strongly off of their 200-day moving average, setting the stage for a breakout above a three-month consolidation range ahead of a possible push to the record highs set in March. When the company last reported on July 16, earnings of 63 cents per share beat estimates by 6 cents on a 0.9% decline in revenues helped by tax reform impacts.
Many Charlotte-area businesses are stepping up to do their part in helping victims of Hurricane Florence, which battered the Carolinas last week and through the weekend. Some of the banks are following suit, as well.
JPMorgan Chase & Co. has been slapped with bribery allegations. The Libyan Investment Authority sued the New York-based bank (NYSE: JPM), alleging that it paid more than $6 million in bribes to secure a $200 million bond deal. According to Bloomberg, citing court documents, JPMorgan’s Bear Stearns allegedly sent payments to businessman Walid Al-Giahmi — a close friend of the Qaddafi regime — to arrange deals in a contract that was deemed a “sham” agreement.
Legendary hedge fund manager and value investor Warren Buffett has shared countless pearls of investing wisdom during his career. Perhaps the one that sums up his investment philosophy most succinctly is “Be fearful when others are greedy and greedy only when others are fearful.” That statement not only incorporates his buy low/sell high philosophy, but […]
For most of 2018, the stock markets have been suffering from a slew of headlines about global tariff wars. Bank stocks in general have been under pressure though. Bank of America (NYSE:BAC) stock is only up 4% for the year, but it’s not alone.
Financial stocks traded broadly higher, with the group the biggest gainer among the S&P 500's 11 sectors, as the jump in Treasury yields helped provide a boost to the banks. The SPDR Financial Select Sector ETF ran up 1.5% toward a six-month high, with 62 of 68 equity components trading higher. Among the Dow Jones Industrial Average's financial components, J.P. Morgan Chase & Co.'s stock was up 2.5% to be the Dow's biggest gainer and Goldman Sachs Group Inc.'s stock climbed 2.3%. The combined price gains of those stocks adding about 55 points to the Dow's price, which was up 212 points. Elsewhere, shares of Bank of America Corp. rallied 2.3%, of Citigroup Inc. hiked up 2.6% and of Wells Fargo & Co. rose 1.2%. The yield on the 10-year Treasury note rose 3.7 basis points to a four-month high of 3.085% after better-than-expected housing starts data. Higher Treasury yields can give a boost to bank earnings, because that can increase the spread between what the banks make on longer-term assets and what they pay for shorter-term liabilities.
Goldman Sachs Group Inc. is nearing a deal to spin off its "Simon" app, which sells investment productions to retail brokers, The Wall Street Journal reported on Wednesday. JPMorgan , Barclays , HSBC , Credit Suisse, Wells Fargo and insurer Prudential are in advanced talks with Goldman on buying stakes in the business, the paper reported. The deal under review values Simon at about $100 million and is expected to be finalized in the coming weeks. Goldman has started to open up its software to clients and rivals, licensing outs its trading and risk management system and spinning out internal chat rooms. Shares were up 1.6% Wednesday, but have fallen 9% in 2018, while the S&P 500 has gained 9%.
Sept 19 (Reuters) - * GOLDMAN SACHS NEARS DEAL TO SPIN OFF 'SIMON' APP - WSJ, CITING SOURCES * DEAL BEING DISCUSSED WOULD VALUE GOLDMAN'S SIMON APP AT ABOUT $100 MILLION; DEAL LIKELY TO BE FINALIZED IN ...
Look no further than the price charts of these two great bank stocks to trade — JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS). Let’s now take a look at what’s going on in both JPMorgan and Goldman’s price charts. Then we’ll offer a reduced-risk options spread to better capitalize on each bank stock without requiring a bailout if things go awry.