The Week Ahead in Financials: Visa, HSBC and Berkshire Hathaway on Deck for Earnings
Alex DUMORTIER, CFA, The Motley Fool - Motley Fool - Sun Nov 01, 12:43PM CST
Next week, three stalwarts of the financial sector, HSBC Holdings plc (NYSE: HSBC), Visa Inc (NYSE: V) and Berkshire Hathaway Inc (NYSE: BRK-B)will report quarterly earnings -- here's what investors need to know: Visa is reportedly on the...
PSX: 89.05 (+2.62), V: 77.58 (-0.93), JPM: 64.25 (-0.96), HSBC: 39.07 (-0.16), MA: 98.99 (-1.60)
Jim Cramer -- Why You Must Own Apple, Starbucks and Biogen in November
at The Street - Sat Oct 31, 9:15AM CDT
There's still a lot of weakness across many sectors, Cramer says. That's why these are the 3 stocks to own.
SBUX: 62.57 (+0.07), BIIB: 290.51 (-3.21), JPM: 64.25 (-0.96), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), AAPL: 119.50 (-1.03)
Facebook, Visa To Carry IBD 50 Earnings To Peak
at Investor's Business Daily - Sat Oct 31, 7:02AM CDT
Earnings season for the IBD 50 is nearing its peak, with leaders like Facebook (FB) and Visa (V) due to report in the coming week. More than two-thirds of S&P 500 companies have released quarterly results so far, and a Thomson Reuters report said 72%...
V: 77.58 (-0.93), JPM: 64.25 (-0.96), FB: 101.97 (-2.91), GOOGL: 737.39 (-7.46), GTN: 15.89 (+0.19), AAPL: 119.50 (-1.03), MA: 98.99 (-1.60), REGN: 557.39 (-2.63), PAYC: 38.01 (-0.88)
Fed Proposes 'Too Big To Fail' Bank Buffer Rules
at Investor's Business Daily - Fri Oct 30, 4:37PM CDT
The Federal Reserve Board proposed long-awaited rules for reining in losses from institutions deemed "too big to fail." It requires the eight largest banks to raise a total of $120 billion in debt that could be converted into equity in a crisis. New...
GS: 187.50 (-2.39), JPM: 64.25 (-0.96), C: 53.17 (-0.49), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31), MS: 32.97 (-0.57)
Fed looks at way to shift big-bank losses to investors
By MARCY GORDON - AP - Fri Oct 30, 4:03PM CDT
WASHINGTON (AP) — In their latest bid to reduce the chances of future taxpayer bailouts, federal regulators are proposing that the eight biggest U.S. banks build new cushions against losses that would shift the burden to investors.
JPM: 64.25 (-0.96), C: 53.17 (-0.49), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31), MS: 32.97 (-0.57)
Fitch Rates J.P. Morgan Mortgage Trust 2015-6
Business Wire - Fri Oct 30, 3:47PM CDT
Fitch Ratings rates J.P. Morgan Mortgage Trust 2015-6 (JPMMT 2015-6) as follows:
JPM: 64.25 (-0.96)
Morgan Stanley Investment Management Announces Portfolio Management Changes for Morgan Stanley Emerging Markets Debt Fund, Inc. and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
Business Wire - Fri Oct 30, 3:30PM CDT
Morgan Stanley Investment Management announced today portfolio management changes for Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE: EDD) (the "Funds"
JPM: 64.25 (-0.96), EDD: 7.54 (+0.05), MSD: 8.74 (unch), MS: 32.97 (-0.57)
Stocks Fall Back Into Red as Financials Lag
at The Street - Fri Oct 30, 1:55PM CDT
Stocks fall back into the red Friday afternoon as a lag in financial stocks overshadows a push higher by the energy sector.
BUD: 119.33 (+1.59), VRX: 93.77 (-17.73), C: 53.17 (-0.49), FNFG: 10.35 (-0.03), XOM: 82.74 (+0.51), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), KEY: 12.42 (-0.96), SBUX: 62.57 (+0.07), FSLR: 57.07 (+6.08), RDS.A: 52.46 (-0.10), JPM: 64.25 (-0.96), LNKD: 240.87 (+23.87), SCTY: 29.65 (-8.42), CVS: 98.78 (-5.02), BP: 35.70 (-0.01), ABBV: 59.55 (+5.45), XLF: 24.08 (-0.35), CVX: 90.88 (+0.99), PTR: 78.63 (+1.17), XLE: 68.03 (+0.44), STO: 16.16 (+0.19), CL: 66.35 (-2.88)
Bank Stock Roundup: Rate Hike Stance Bring Citigroup, JPMorgan in Focus at the Tail End of Q3 Earnings
Zacks Equity Research - Zacks Investment Research - Fri Oct 30, 1:43PM CDT
Over the last five trading days, all eyes were on the Federal Reserve's two-day FOMC meeting. Additionally, earnings season for the banking stocks was coming to an end.
RF: 9.35 (-0.29), COF: 78.90 (-1.30), JPM: 64.25 (-0.96), C: 53.17 (-0.49), BAC: 16.78 (-0.31)
The Simple Reason Warren Buffett Loves This Stock
John Maxfield, The Motley Fool - Motley Fool - Fri Oct 30, 1:40PM CDT
It's no coincidence that Warren Buffett looks for investments with durable competitive advantages, and that his own company, Berkshire Hathaway , owns 10% of Wells Fargo , the nation's fourth biggest bank by assets . I say that because Wells...
JPM: 64.25 (-0.96), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), TIF: 82.44 (+1.13)
12 Companies Who Have Cut Jobs in 2015
Madeleine Johnson - Zacks Investment Research - Fri Oct 30, 11:47AM CDT
Here's a look at 12 companies who have cut jobs in 2015.
WFM: 29.96 (-0.19), BIIB: 290.51 (-3.21), JPM: 64.25 (-0.96), HAL: 38.38 (+0.19), WMT: 57.24 (-0.72), DB: 27.95 (+0.06), CAT: 72.99 (+1.02), PG: 76.38 (-0.64), MSFT: 52.64 (-0.72), TWTR: 28.46 (-0.60), HPQ: 26.96 (-0.41), SLB: 78.16 (-0.53), BHI: 52.68 (+0.09)
IHS Chairman and CEO Jerre Stead and CFO Todd Hyatt to Present at J.P. Morgan Ultimate Services Investor Conference on Nov. 10, 2015; and at Wells Fargo Technology & Media Conference on Nov. 11, 2015
Business Wire - Fri Oct 30, 7:00AM CDT
IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, today announced that Jerre Stead, IHS chairman and CEO, and Todd Hyatt, IHS executive vice president and chief financial officer, will present an overview of the company at two upcoming conferences:
IHS: 119.54 (-1.43), JPM: 64.25 (-0.96), WFC: 54.14 (-0.95)
Deutsche Bank Retreat Follows JPMorgan, BofA, Citi
at Investor's Business Daily - Thu Oct 29, 3:51PM CDT
Deutsche Bank (DB) said it will shed 35,000 jobs, close operations in 10 countries and suspend its dividend for two years as it posted a $6.6 billion third-quarter loss. Most of the job reductions -- 20,000 of them -- will come via selling off some...
JPM: 64.25 (-0.96), C: 53.17 (-0.49), DB: 27.95 (+0.06), BAC: 16.78 (-0.31)
Pacific Retail Capital Partners and Silverpeak Real Estate Partners Join J.P. Morgan as Ownership Group for Paseo Nuevo Shopping Center
Business Wire - Thu Oct 29, 1:59PM CDT
A partnership between Pacific Retail Capital Partners and Silverpeak Real Estate Partners announced today that it has formed a joint venture with institutional investors advised by J.P. Morgan Asset Management as owners of the 154,900-square-foot Paseo Nuevo specialty Shops and Restaurants in Santa Barbara. Located on the Pacific Coast between Los Angeles and San Francisco, Paseo Nuevo has become an integral component of the downtown experience.
JPM: 64.25 (-0.96)
Stocks Are Slightly Lower; Oil Tops $46
at The Street - Thu Oct 29, 1:55PM CDT
Stocks are slightly lower by mid-afternoon Thursday with the energy sector struggling to stay positive as crude oil tops $46 a barrel.
PSX: 89.05 (+2.62), GPRO: 25.00 (-0.62), PBR.A: 3.99 (+0.06), WBK: 22.37 (-0.16), C: 53.17 (-0.49), PFE: 33.82 (-0.95), AMGN: 158.18 (-2.40), DB: 27.95 (+0.06), PYPL: 36.01 (+0.10), WFC: 54.14 (-0.95), BAC: 16.78 (-0.31), MGM: 23.19 (+0.39), AGN: 308.47 (+4.09), JPM: 64.25 (-0.96), BP: 35.70 (-0.01), TWC: 189.40 (-2.42), SNY: 50.34 (+0.71), YELP: 22.25 (-0.70), XLF: 24.08 (-0.35), MA: 98.99 (-1.60), XLE: 68.03 (+0.44)
Chase Receives J.D. Power's Top Rank for Small Business Banking in West and Midwest Regions for 2015
M2 - Thu Oct 29, 12:42PM CDT
Chase ranked highest in customer satisfaction in the West and Midwest Regions, and second highest in customer satisfaction in the Northeast and South Regions, according to the 2015 J.D. Power study released today. This is the third year in a row that Chase has ranked highest in customer satisfaction in the West Region.
JPM: 64.25 (-0.96)
The Most Interesting Bank in America
John Maxfield, The Motley Fool - Motley Fool - Thu Oct 29, 12:31PM CDT
The Bank of New York Mellon is an atypical bank. It doesn't have an expansive branch network. It doesn't advertise widely. And it tends to steer away from doing business with normal folk like you and me. It specializes instead in acting as a...
STT: 69.00 (-0.78), JPM: 64.25 (-0.96), USB: 42.18 (-0.82), BAC: 16.78 (-0.31), BK: 41.65 (-0.80)
Virtusa Gives JPMorgan, Other Clients Tech Edge
at Investor's Business Daily - Thu Oct 29, 12:21PM CDT
You may not have heard of Virtusa, a tech outsourcing and consulting firm that helps businesses develop their IT systems. But you've probably heard of some of its clients, which have included high-profile names such as JPMorgan Chase (JPM), American...
SYNT: 47.04 (-0.25), WIT: 12.38 (+0.01), JPM: 64.25 (-0.96), IBM: 140.08 (-0.47), VRTU: 57.43 (+0.39), INFY: 18.16 (-0.13), AIG: 63.06 (-0.43), TRI: 41.02 (-0.39)
J.P. Morgan Asset Management Releases 2016 Long-term Capital Markets Assumptions, Presents Views on Strategic Portfolio Allocations and Realistic Return Expectations
PR Newswire - Thu Oct 29, 11:00AM CDT
J.P. Morgan Asset Management today released its 2016 Long-term Capital Markets Assumptions (LTCMA) whitepaper, a carefully formulated, comprehensive perspective on long-term asset class returns and risks designed to guide investors when determining, reviewing and analyzing their strategic portfolio allocations. The LTCMA, celebrating its 20th anniversary, are constructed by some of the firm's most senior investors and present long-term return, risk and correlation estimates that encompass more than 50 asset and strategy classes, and are published for investors in 10 different base currencies.
JPM: 64.25 (-0.96)
Stocks Slip as Deutsche Bank Leads Financials Lower
at The Street - Thu Oct 29, 10:35AM CDT
Stocks retreat on Thursday after third-quarter U.S. GDP slows and as Deutsche Bank leads the financial sector lower.
GPRO: 25.00 (-0.62), WBK: 22.37 (-0.16), C: 53.17 (-0.49), PFE: 33.82 (-0.95), DB: 27.95 (+0.06), AMGN: 158.18 (-2.40), COP: 53.35 (-0.27), BAC: 16.78 (-0.31), WFC: 54.14 (-0.95), PYPL: 36.01 (+0.10), BWLD: 154.27 (+1.82), MGM: 23.19 (+0.39), AGN: 308.47 (+4.09), JPM: 64.25 (-0.96), TWC: 189.40 (-2.42), XLF: 24.08 (-0.35), YELP: 22.25 (-0.70), SNY: 50.34 (+0.71), MA: 98.99 (-1.60)