|Bid||0.00 x 1000|
|Ask||0.00 x 1100|
|Day's Range||70.79 - 71.32|
|52 Week Range||59.92 - 75.48|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.10%|
If the U.S. is stuck in an escalating trade war, stocks and sector-related ETFs with the highest domestic sales exposure in the U.S. should begin to stand out. “If trade tensions continue to rise and new ...
According to TransUnion data, US personal loans outstanding grew from ~$71.9 billion a decade ago to ~$120 billion as of March. Personal loans, which aren’t collateralized by an asset, have been availed by ~17 million Americans. Financial technology startup shares like Lending Club, Prosper, and Avant increased from 0.90% in 2010 to 36.2% in 2017. At the same time, bank shares (VFH) (XLF) (IYF) declined from 34.1% to 26.4%.
US stocks posted mixed weekly results as investors digested strong GDP growth data and weak earnings from technology companies. For the week ending July 27, the Dow Jones Industrial Average gained 1.6% and closed at 25,451.06, while the S&P 500 rose 0.61% to 2,818.82. Weak earnings growth from technology companies like Twitter and Facebook led to a 1.1% fall in the NASDAQ Composite Index to 7,737.42. Financials led the gains
Proprietary trading firms and hedge funds formed 4% of Interactive Brokers Group’s (IBKR) total accounts in the second quarter. During the same period, of the total commissions and client equity, they formed 26% and 20%, respectively.
Interactive Brokers Group’s (IBKR) price-to-earnings ratio is 27.36x on an NTM (next-12-month) basis, which is a premium compared to the peer average of 17.36x. The primary reason for its premium valuation is its strong second-quarter results. The company’s average interest-earning assets amounted to $57.8 billion in the second quarter, implying YoY growth of 9.2%. In addition, its net interest margin expanded to 1.61% in the second quarter from 1.17% in the same quarter a year ago. ...
In the second quarter, Interactive Brokers Group (IBKR) saw daily average revenue trades (or DARTs) of 797,000 compared to 939,000 in the first quarter. The sequential fall of 15% was primarily due to lower movements in the broader markets mainly due to a settlement between the US and North Korean and the May 2018 jobs report, which reported an unemployment rate of only 3.8%. The company’s DARTs fell despite a rise of 5% in total accounts to 542,000 on a sequential basis.
Interactive Brokers Group (IBKR) posted net revenues of $445 million in the second quarter, a rise of 14.9% on a YoY basis. The company’s net interest income in the second quarter was $225 million, which was a 45% increase YoY.
TD Ameritrade (AMTD) released its third fiscal quarter results on July 23. The company posted an EPS of $0.89, which exceeded analysts’ expectations by $0.09 and reflected 85% growth YoY (year-over-year). The company witnessed a substantial fall in the total operating expenses from $1.02 billion in the second fiscal quarter to $751 million in the third fiscal quarter.
The top five US banks’ (VFH) (XLF) trading (fixed income, currencies and commodities, and equities) revenues rose 10% in the second quarter to over $20 billion—compared to $18.55 billion in the same period the previous year. However, most of the banks’ trading gains were driven by equities. Bank of America posted strong earnings growth
After second-quarter earnings, Charles Schwab (SCHW) has “strong buy” ratings from seven analysts and a “sell” rating from one analyst. The stock has “hold” ratings from six analysts and “buy” ratings from five analysts.
Charles Schwab’s (SCHW) price-to-earnings ratio stood at 19.74x on an NTM (next-12-month) basis. In comparison, the peer average is 19.47x. When Charles Schwab reported its second-quarter earnings, the stock rose. The stock prices of its competitors also witnessed upward movement, as Schwab’s strong results increased investor confidence in other major brokers.
Asset management and administration fees contributed $814 million, or 32.7%, of Charles Schwab’s (SCHW) net revenues in the second quarter. The line item saw a fall of 4% on a YoY basis because of a fall in revenues generated from money market funds. This revenue fall was a result of the company’s decision to reduce fees in the prior year, transfer funds into bank sweep accounts, as well as lower inflows in money market funds.
Goldman Sachs published their second quarter earnings report, besting analyst estimates of $4.66 per share with earnings of $5.98 per share. Financial ETFs like Financial Select Sector SPDR ETF (XLF) , Vanguard Financials ETF (VFH) and SPDR S&P Regional Banking ETF (KRE) extended their recent gains despite the drop in Goldman Sachs shares by 1.64% as of 12:15 p.m. Eastern Time. Goldman Sachs reported profits of $2.57 billion--a substantial increase of 40%.
Second-quarter earnings arrived for big banks in earnest last Friday amid a spate of reports from the financial services sector. Exchange traded funds tracking financial services stocks were tested last ...
Though chances of a broad-based earnings beat are low in Q2 per the ESP trend, the outlook seems bright for financial ETFs, the outlook seems bright for financial ETFs.
After the Trump administration announced that Chinese investments in US technology companies will be restricted, trade war fears grew, and the Dow Jones Industrial Average (DIA) responded with a sharp decline. The move could impact technology stocks and companies that indirectly rely on the technology sector.
Interest rates are negatively related to bond prices. That means that whenever there is an increase in interest rates, the prices of bonds fall. Since trade tensions impact investor confidence and might reduce investments in equities, investors might opt for less risky assets such as Treasury bonds.
The financial sector got a much-needed boost in the markets today with the Federal Reserve’s latest decision to greenlight the buyback of tens of millions of dollars worth of stock and increase quarterly ...
E*TRADE Financial Corporation today announced it has surpassed 250 commission-free ETFs with the addition of 46 ETFs from six providers to its Commission-Free ETF Pr
Overall, it hasn't been a good year for the financial sector as evidenced by the S&P 500 Financials index down 1.71 percent year-to-date. Things could get more interesting if blockchain technology, the underlying technology that forms the basis of cryptocurrencies, takes off and disrupts or vastly improves the industry. The two bucking the downtrend are SPDR S&P Regional Banking ETF (KRE) --up 7.47% year-to-date and SPDR S&P Bank ETF (KBE) --up 3.28% year-to-date.
Investors may lose interest in financial sector-related exchange traded funds in the short-term as the Federal Reserve hikes interest rates and the yield curve flattens out. For instance, the Vanguard Financials ETF (VFH) experienced almost $160 million in net outflows Tuesday and saw $156 million exchange hands on Wednesday, or more than triple the average daily volume for the past year, report Carolina Wilson and Sarah Ponczek for Bloomberg. “Banks generally borrow short and they lend long,” Mark Hackett, chief of investment research at Nationwide Funds Group.
The Federal Reserve again raised interest rates on Wednesday, marking the fifth time it has done so since the start of 2017. Bond market observers believe the Fed could increase rates two more times before ...