|Bid||0.00 x 800|
|Ask||226.25 x 1200|
|Day's Range||225.58 - 230.50|
|52 Week Range||214.64 - 275.31|
|PE Ratio (TTM)||21.36|
|Forward Dividend & Yield||3.20 (1.38%)|
|1y Target Est||N/A|
Big banks are expected to get the green light from the Federal Reserve this week to shower their shareholders with increased dividends and share repurchases. Announcements of capital returns could provide a needed lift to bank stocks. Among the biggest banks, JPMorgan Chase (JPM) may raise its dividend by about 50%, boosting its yield to 3%.
Among the companies with shares expected to trade actively in Friday's session are Goldman Sachs, United Parcel Service, Chevron, PayPal and Red Hat.
barely passed the Federal Reserve’s annual stress tests, raising doubts about their ability to grow dividends and buybacks over the next year. All 35 banks subject to the tests passed, despite an unusually harsh exam that featured a severe global recession, the Federal Reserve said Thursday. The two banks’ leverage ratios fell to 3.1% and 3.3% respectively because of losses on loans and trading positions in the most severe scenario, bringing them perilously close the regulatory minimum of 3%.
The Federal Reserve determined the largest U.S. banks were healthy enough to withstand a severe economic downturn and would continue lending during a crisis, as the industry posts record profits and prepares for a wave of regulatory relief. The Fed’s “stress test” scenario for the 35 largest bank holding companies, which hold 80% of the assets at banks operating in the U.S., found the firms were “strongly capitalized” and would retain adequate capital levels in severely adverse conditions, according to the first round of results released Thursday by the central bank. The positive scorecard indicates most of the banks are likely to win the Fed’s approval next week to increase dividends after a second round of results that will determine whether the firms pass or fail the annual stress-test exercise, put in place after the 2008 crisis.
Goldman Sachs analysts think corporate profits will be better than their initial forecasts for the next three years. But that might not translate into a stock market that accelerates to new records.
A continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank's strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns.
Investing.com – Bitcoin and other major cryptocurrencies prices recovered on Thursday following a hacking attack that targeted South Korea’s Bithumb exchange on Wednesday.
The price of cryptocurrencies rebounded Wednesday despite news of fresh security breach at a crypto trading platform briefly undercut confidence. Reports that Goldman Sachs Group may expand the digital assets that it intends on trading on its cryptocurency platform may have renewed optimism in the nascent market. Bitcoin(BTCUSD)(COINDESK:BTC-USD), the world’s biggest digital currency, last traded at $6,750.90, up 0.8% Since Tuesday 5 p.m. Eastern Time on the Kraken crypto exchange.
"The bottom line is that trade wars are akin to zero-sum games or mutually assured destruction."