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JPM
Forget Gold Palladium ETF Is Shining The Brightest
Precious metal investing is ina tug of war between geopolitical tensions and a hawkish Fed This is especially true for gold which is viewed as a safe haven asset read Overall gold ETF SPDR Gold Shares V GLD lost about 0 3 in the last three months as of June 20 2017 Silver was even more battered with iSh...
JPM
JPMorgan Euro Small Companies Finding Exciting Opportunities
JPMorgan NYSE JPM Euro Small Companies Trust Plc LON JESC aims to generate long term capital growth from a portfolio of European ex UK small cap equities Despite a period of underperformance versus the Euromoney Smaller Europe ex UK benchmark in 2016 due to conservative portfolio positioning JESC s longer term ...
MS
Prudential s Peters says risk reward for junk bonds not favorable
By Jennifer Ablan NEW YORK Reuters PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the risk reward is just not favorable Peters who helps oversee more than 100 billion in multi sector fixed income portfolios at PGIM...
MS
China Mobile others approached for buying into Singapore telco M1 sources
By Anshuman Daga SINGAPORE Reuters Top shareholders in Singapore telecoms company M1 Ltd SI MONE have approached potential buyers China Mobile HK 0941 and global private equity firms among others to sell their combined majority stake in the firm sources familiar with the matter said The three main shareho...
MS
Groupon 3 as Morgan Stanley cuts to Underweight
Groupon NASDAQ GRPN is off 3 after a Morgan Stanley NYSE MS downgrade to Underweight on what it says is lackluster advertising demand The firm s cutting estimates for Groupon s EBITDA by 4 for each of 2017 and 2018 and noting other analysts are likely missing the company s need to spend on advertising for gro...
JPM
Trump s Economy Depends on Powell s Excellence
Bloomberg Opinion President Donald Trump trampling on convention Nothing new there It s his target that s fresh Upending decades of tradition Trump questioned the wisdom of the Federal Reserve s gradual and consistent increases in interest rates I don t like all of this work that we re putting into the econ...
JPM
Bitcoin Rises as South Korea Sets Up New Cryptocurrency Division
Investing com Bitcoin rose on Monday trading above the 7 600 mark as South Korea continued to adopt a cauitous yet positive approrach to the cryptocurrency industry Bitcoin was trading at 7 640 6 by 12 31AM ET 04 31 GMT on the Bitfinex exchange up 3 0 in the last 24 hours Ethereum the world s second large...
JPM
Ex JPMorgan Exec Blockchain May Be Key to Avoiding Next Global Financial Crisis
The former vice president of North American investment banking at JPMorgan Chase NYSE JPM has said that blockchain may be the key to avoiding the next global financial crisis the China Economic Times reports today July 23 Pang Huadong currently an honorary academic advisor of the Asian Blockchain Institute sai...
JPM
Jamie Dimon Tells CNN a Trade War Could Derail Economic Growth in U S
Bloomberg JPMorgan Chase Co NYSE JPM Chief Executive Officer Jamie Dimon said trade wars triggered by the Trump administration s tariff policies could stifle economic growth reiterating comments he made when the bank reported earnings earlier this month If you do another 200 billion of tariffs and this na...
MS
Binary Options Daily Analysis Stocks Gain on IMF Hopes Kodak Files for Bankruptcy
EquitiesAsian markets rallied to their highest level in more than a month following news the IMF is hoping to raise 600 billion in funding to help tackle the euro debt crisis The Nikkei gained 1 to 8640 the Kospi jumped 1 2 and the Hang Seng rallied 1 3 China s Shanghai Composite climbed 1 3 nearly erasing W...
MS
Binary Options Daily Analysis S P Due to Downgrade Several European Countries
EquitiesThe week closed on an up note in Asia as the region s markets traded mostly higher The Nikkei rallied 1 4 to 8500 the Kospi gained 6 and the ASX 200 rose 4 In greater China the Hang Seng edged up 6 while the Shanghai Composite fell 1 3 following the release of a report which revealed a drop in ...
MS
Bernanke Determined to Protect US Economy
Bullish US retail sales figures for January and hours worked stats for the last quarter encouraged further gains in stocks commodities yesterday The 82bn Glencore Xstrata merger and the chatter surrounding the Facebook IPO are also helping sentiment with many no doubt hoping that this is indicates it s business a...
MS
Fitch Warns of Potential Cataclysmic Euro Collapse
EquitiesAsian markets traded mixed on Wednesday Amongst the winners the Nikkei edged up 3 to 8448 the ASX 200 rallied 9 and the Hang Seng climbed 8 On the losing side the Kospi fell 4 and the Shanghai Composite slipped 4 In Europe stocks slipped pressured by remarks from Fitch saying the ECB must bu...
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Hong Kong s Surging Dollar Sends a Warning on the Housing Market
Bloomberg A shock jump in Hong Kong s currency is signaling a decade long liquidity party is coming to an end That may be bad news for the city s housing market The Hong Kong dollar surged as much as 0 6 percent on Friday its biggest gain in 15 years and extended gains on Monday While traders gave differing r...
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Lira Gains on Hopes U S Pastor Held in Turkey Will Be Released
Bloomberg Turkey s lira gained the most among emerging markets amid speculation a detained American pastor could be released next month ending a dispute between the NATO allies that has wreaked havoc on the currency A local court could free Andrew Brunson currently under house arrest in the coastal town of Izmi...
JPM
Tech Stock Overvalued Computer Says
DOW 92 21 328 record SPX 10 2440 record NAS 44 6220RUT NYSE IWM 6 1425 record 10 Y un 2 21 OIL 13 45 95GOLD 60 1267 10BITCOIN 1 48 2779 42ETHEREUM 1 97 387 89 The Dow Jones Industrial Average and the S P 500 Index ended at all time highs while the NASDAQ 100 bounced back from...
MS
Morgan Stanley Q1 earnings beat estimates
Investing com NYSE Morgan Stanley first quarter earnings beat estimates The U S bank Wednesday reported an 82 rise in diluted Q1 EPS to 1 0 vs estimate of 0 89 Revenues in the quarter rose 25 from a year earlier to 9 7 bn vs estimate of 9 3 bn Morgan Stanley s shares were 3 59 at 42 69 in pre market tr...
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Sell side mostly cheers Morgan Stanley s Q1 results
Solid as a rock says Nomura bull Steven Chubak reiterating his Buy rating and 49 price target He notes Q1 ROE excl tax benefit was 9 9 right in the middle of the bank s targeted range of 9 11 He expects positive EPS revisions and share outperformance Also a bull on the name UBS s Brennan Hawken says momen...
MS
Oil falls more than 3 percent S P 500 turns lower
By Caroline Valetkevitch NEW YORK Reuters Oil prices dropped more than 3 percent on Wednesday following a surprise increase in gasoline inventories and declines in energy shares weighed on U S stocks Graphic Global assets in 2017 Graphic Global currencies vs dollar Graphic Global bond dashboard The d...
JPM
U S housing starts hit nine month low permits drop
By Lucia Mutikani WASHINGTON Reuters U S homebuilding fell to a nine month low in June and permits for future construction declined for a third straight month dealing a blow to the housing market as it struggles with a dearth of properties available for sale The bigger than expected decrease in housing starts an...
JPM
JPMorgan Barclays Seek Blockchain Related Patents USPTO Files Show
The US Patent and Trademark Office USPTO published on Thursday three pending patent applications that were filed by two giant banking groups JPMorgan Chase NYSE JPM and Barclays LON BARC New York based JPMorgan wants to patent a system that leverages blockchain for the management of virtual receipts backed b...
JPM
Powell Hints at New Read on Labor Force Justifying Gradual Hikes
Bloomberg Federal Reserve Chairman Jerome Powell may have dropped a clue this week about why he thinks unemployment can fall lower than many economists believe is advisable without triggering a spike in inflation Based on a comment he made to lawmakers on Wednesday Powell may be exploring whether there is a cycl...
JPM
Bond Traders Hold the Fed s Line Against Trump
Bloomberg Opinion First President Donald Trump came for the sanctity of U S jobs data Now he s challenging the Federal Reserve Bond traders at least for now are taking the latest breach of executive tradition in stride Treasuries barely budged Thursday from prevailing levels even after Trump said in a CNBC...
JPM
Trump s Economy Depends on Powell s Excellence
Bloomberg Opinion President Donald Trump trampling on convention Nothing new there It s his target that s fresh Upending decades of tradition Trump questioned the wisdom of the Federal Reserve s gradual and consistent increases in interest rates I don t like all of this work that we re putting into the econo...
MS
S P Due to Downgrade Several European Countries
EquitiesThe week closed on an up note in Asia as the region s markets traded mostly higher The Nikkei rallied 1 4 to 8500 the Kospi gained 6 and the ASX 200 rose 4 In greater China the Hang Seng edged up 6 while the Shanghai Composite fell 1 3 following the release of a report which revealed a drop in ...
MS
Fitch Warns of Potential Cataclysmic Euro Collapse
EquitiesAsian markets traded mixed on Wednesday Amongst the winners the Nikkei edged up 3 to 8448 the ASX 200 rallied 9 and the Hang Seng climbed 8 On the losing side the Kospi fell 4 and the Shanghai Composite slipped 4 In Europe stocks slipped pressured by remarks from Fitch saying the ECB must bu...
MS
Moving Averages Month End Update
Valid until the market close on February 29 2012The S P 500 closed January with a gain of 4 36 from the December close All three index signals indicated an invested position See the specifics The Ivy PortfolioThe table below shows the current 10 month simple moving average SMA signal for each of the five ETFs fe...
MS
Successful Debt Auctions in Spain and Italy Lift Euro
EquitiesAsian markets traded mostly lower despite a report from China which showed inflation fell to 4 1 its lowest level in 15 months The Shanghai Composite eased fractionally settling at 2275 Hong Kong s Hang Send slid 3 rhe Nikkei lost 7 and the ASX 200 edged down 2 Bucking the downtrend South Korea ...
MS
Manufacturing Prompts Rally in the Markets
Manufacturing strength around the globe from has prompted a rally in the markets as investor focus was diverted from the European debt focus Manufacturing data in the US grew at the fastest rate in seven months while manufacturing in the United Kingdom rose to an eight month high Gauges of manufacturing in China also...
MS
S P Due to Downgrade Several European Countries
EquitiesThe week closed on an up note in Asia as the region s markets traded mostly higher The Nikkei rallied 1 4 to 8500 the Kospi gained 6 and the ASX 200 rose 4 In greater China the Hang Seng edged up 6 while the Shanghai Composite fell 1 3 following the release of a report which revealed a drop in ...
C
Exclusive Saudi Arabia to auction detained tycoon s real estate assets sources
By Marwa Rashad and Stephen Kalin RIYADH Reuters Saudi Arabia will auction real estate owned by indebted billionaire Maan al Sanea and his company starting next month to help repay billions of riyals due to creditors sources familiar with the matter told Reuters Sanea ranked by Forbes in 2007 as one of the world...
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Gloom Lifts From Emerging Currencies After Rate Hikes EM Review
Bloomberg Emerging market assets gained last week as Russia unexpectedly raised interest rates and Turkey hiked its one week repo rate by more than forecast Highlights for the week ended Sept 14 Turkey s lira was the best performer among 22 emerging market currencies tracked by Bloomberg policy makers defied ...
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Pakistan auctions cars in austerity drive PM commutes by helicopter
By Asif Shahzad ISLAMABAD Reuters Pakistan s new government on Monday began auctioning off about 100 government owned vehicles as part of new Prime Minister Imran Khan s highly publicized cost cutting drive which has drawn mixed reviews Auction official Mohammad Asif told Reuters the vehicles could bring in about...
C
Citigroup hires three software investment bankers
By Liana B Baker Reuters Citigroup Inc N C has hired three investment bankers for its technology investment banking group focused on software in the United States and in Europe according to a memo published internally at the bank and confirmed by a spokeswoman on Monday Technology and non technology compani...
C
Metal Prices Mostly Higher as Dollar s Dash Lower Eases Trade Concerns
Investing com Copper prices edged higher as a weaker greenback helped alleviate selling pressure brought on by expectations the U S is set to pull the trigger on a fresh round of tariffs against China Copper prices gained 0 26 to 2 65 zinc prices rose 0 69 to 2 325 75 and Nickel fell 1 09 to 12 277 50 U S Pre...
JPM
Behind Rise Of Smart Beta Bond ETFs
There has been a steady shift in fixed income ETF launches in the last few months The tactics of plain vanilla bond ETFs do not seem to be working anymore and issuers are focusing more and more on active and smart beta bond ETFs And why not Since the financial crisis almost a decade ago tendencies of central banks ...
JPM
Mothercare Plc Stock Rating Upgraded By Berenberg Bank
Mothercare LON MTC was upgraded by equities research analysts at Berenberg Bank to a hold rating in a note issued to investors on Thursday MarketBeat com reports The brokerage currently has a GBX 130 1 68 price objective on the stock up from their prior price objective of GBX 100 1 29 Berenberg Bank s pri...
JPM
The Investing Public Is Still All In
With the markets breaking out to new highs it is not surprising to see a continued stream of analysis grappling for bits of data to support the bullish mantra As you know I have increased equity allocations in models with the breakout but this is a tactical position only as the fundamentals simply do not support th...
JPM
Emini Bull Leg In Big Trading Range
Monthly S P 500 Emini futures candlestick chart Buy climax is more important than Trump Comey and May The monthly S P500 Emini futures candlestick chart has been in a strong bull trend for 18 months Furthermore there is an 8 bar bull micro channel no pullbacks The monthly S P500 Emini futures candlestick char...
MS
Italy orders Vivendi to cut stake in either Telecom Italia or Mediaset
By Giulia Segreti MILAN Reuters An Italian regulator ordered French media group Vivendi PA VIV on Tuesday to cut its stake in either Telecom Italia MI TLIT or broadcaster Mediaset IT MS within a year ruling it was in breach of rules designed to prevent a concentration of power Vivendi which aims to bui...
MS
KKR led group ups ante in bidding war for Australia s Tatts lotto
By Jamie Freed SYDNEY Reuters A group backed by private equity firm KKR Co N KKR on Wednesday said it had made a revised A 6 15 billion 4 65 billion offer for Australia s biggest lottery operator Tatts Group Ltd AX TTS upping the ante in a bidding war against Tabcorp Holdings Ltd AX TAH Both proposals ...
MS
Top 5 things to watch today
Investing com FTSE 100 struggles to hold gains for 2017 as U K prepares general elections Earnings in focus as NYSE Morgan Stanley among those to report Beige Book to provide Fed with view on U S economy Oil pulls back from two week low ahead of EIA inventories Global stocks mixed as equities attempt to stage rec...
JPM
China s Home Prices Rose in June at Fastest Pace in 21 Months
Bloomberg China s home prices rose at the fastest pace in 21 months in June even as the government stepped up a campaign against property speculation New home prices in 70 cities tracked by the government gained 1 1 percent from the previous month according to Bloomberg calculations based on data from the Nation...
JPM
Tame UK inflation knocks BoE rate hike expectations
By Andy Bruce and Kate Holton LONDON Reuters British inflation unexpectedly held steady last month denting market confidence about a Bank of England interest rate hike next month and sending sterling to a 10 month low against the dollar The pound tumbled towards 1 30 and 10 year British government bond yields G...
MS
Will the Fed Announcement Bring Clarity or Confusion
This coming Wednesday between 12 30 and 2PM we will get a ton of new information to digest and analyze The Federal Reserve will make a series of statements while unveiling its new communication effort A portion of the new information will be contained in the revised Summary of Economic Projections SEP The Fed ha...
MS
Fitch Warns of Potential Cataclysmic Euro Collapse
EquitiesAsian markets traded mixed on Wednesday Amongst the winners the Nikkei edged up 3 to 8448 the ASX 200 rallied 9 and the Hang Seng climbed 8 On the losing side the Kospi fell 4 and the Shanghai Composite slipped 4 In Europe stocks slipped pressured by remarks from Fitch saying the ECB must bu...
MS
Housing Market Sentiment Soars to 4 5 Year High
EquitiesAsian markets traded mixed on Wednesday as doubts over Greece s debt burden clashed with Tuesday s cheer The Nikkei climbed 1 to 8551 lifted by a sharp 6 6 rally in Elpida Memory on news the company is seeking a deal with Micron Technology The Hang Seng rose 3 to 19687 while the Kospi and ASX 200 sett...
MS
Successful Debt Auctions in Spain and Italy Lift Euro
EquitiesAsian markets traded mostly lower despite a report from China which showed inflation fell to 4 1 its lowest level in 15 months The Shanghai Composite eased fractionally settling at 2275 Hong Kong s Hang Send slid 3 rhe Nikkei lost 7 and the ASX 200 edged down 2 Bucking the downtrend South Korea ...
MS
The Fed Cannot Move Without a Crisis And One is Coming
Well the Fed disappointed as I stated it would How anyone could be surprised by this is beyond me The Fed was admitting that the consequences of QE rendered it less attractive as an option as far back as May 2011 Moreover the last six months have shown the Fed to be relying heavily on verbal intervention rather th...
C
Emerging Markets Moment of Calm Broken by Brazil Inside EM
Bloomberg Emerging markets were enjoying a respite from weeks of turmoil until Brazil s real started trading Tuesday Its plunge at the open dragged down an index that tracks currencies across developing nations The real and Brazil s benchmark stock index were the worst performers among emerging market peers afte...
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Citigroup boosts guidance to reflect improved tax outlook
By Imani Moise Reuters Citigroup Inc NYSE C s chief financial officer said on Wednesday the bank expects to exceed its previous targets for returns on shareholder equity and cost savings helped in part by tax reform Speaking at a conference John Gerspach said the bank now expects return on average tangible c...
C
SEC orders Citigroup to pay more than 12M over misleading dark pool investors
The SEC orders Citigroup C 0 8 and its Global Market affiliate to pay more than 12M in disgorgement and penalties for misleading users of its dark pool Citi Match The regulator says Citi failed to disclose that almost 50 of the orders over a 2 year period were routed to and executed in other trading venues in...
C
Citigroup pays 12 million to settle dark pool probe
Reuters Citigroup Inc NYSE C on Friday was ordered to pay more than 12 million by U S regulators after it was found that the bank s investment banking and financial advisory unit misled users of a dark pool operated by one of its affiliates The bank will pay a penalty of 6 5 million and disgorgement and p...
JPM
US Payrolls Rise Less Than Forecast 1 Year Gain Ticks Up
Employment at US companies increased 147 000 in May in seasonally adjusted terms according to this morning s update from the Labor Department The rise is below expectations based on Econoday com s consensus forecast for a 173 500 jump in payrolls The advance also represents a downshift from April s 173 000 increa...
JPM
Why Palladium ETF Is Soaring
Palladium price is on a tear lately and is once again on its way to attain the two year high The pure play palladium ETF ETFS Palladium Trust is up over 23 so far this year as ofJune 2 2017 The impressive rally came on the heels of growing global demand and stagnating supply Going by an article published on ...
MS
Corporate pension funds about to plow back into fixed income
via BloombergHelped by a booming stock market corporate retirement plans have been digging themselves out of their holds now 82 funded on average vs 75 a few months ago according to Morgan Stanley NYSE MS Once pensions hit the roughly 80 funded level says the team they tend to cut back on stocks and boost ...
MS
Turkey s referendum unlikely to kickstart long stalled reforms
By Nevzat Devranoglu and David Dolan ANKARA ISTANBUL Reuters Turkey s government says the passage of constitutional reforms on April 16 would make it easier to deliver on long promised market reforms But investors aren t so sure seeing the possibility of more policy gridlock and further elections Turks go to the...
MS
Under Connect scheme Chinese stock speculation spreads to Hong Kong
SHANGHAI Reuters Recent wild rides by China companies listed in Hong Kong show that the Connect schemes which move funds from mainland markets to Hong Kong s can also carry in a different investor culture Last week the staid Hong Kong exchange got a dose of the kind of speculative pump and dump sometimes ass...
MS
Oil majors reserves are shrinking and investors don t mind
By Ron Bousso LONDON Reuters As crude prices recover oil majors face a dilemma how quickly should they seek to replenish reserves It s the same question the cyclical oil industry has tackled many times before go too fast and risk spending too much for little reward go too slowly and your rivals will be better...
MS
Wall Street firms see gains for Pinnacle Foods
Jefferies rates Pinnacle Foods NYSE PF at Buy as it launches coverage on the food stock The investment firm assigns a price target of 67 to Pinnacle Yesterday Morgan Stanley NYSE MS upgraded Pinnacle to Overweight on a rosy outlook for its growth potential Overall 14 out of 15 Wall Street firms covering the ...
MS
Forex Yen steady in early Asia on Japan core machinery orders
Investing com The yen gained slightly in early Asia on Wednesday as data on machinery orders provided a lift in sentiment and demand was supported by safe haven buying linked to increased tensions onthe Korean peninsula In Japan core machinery orders jumped 5 6 year on year in February beating a 2 5 gain seen t...
MS
Forex Dollar index edges up in Asia as Korean Peninsula tensions mount
Investing com The yen gained slightly in early Asia on Wednesday as data on machinery orders provided a lift in sentiment and demand was supported by safe haven buying linked to increased tensions on the Korean peninsula with Chinese President Xi Jinping holding a telephone call with U S President Donald Trump over ...
MS
Japan s Nomura targets younger generation as demographic crunch looms
By Thomas Wilson and Emi Emoto TOKYO Reuters Japan s Nomura Holdings Inc T 8604 aims to leverage its access to about 1 6 million members of employee stock ownership plans to tap a new generation of customers as its client base grays The country s largest brokerage is administrator for about 60 percent of people ...
MS
U S labor market tightening inflation trending higher
By Lucia Mutikani WASHINGTON Reuters The number of Americans filing for unemployment aid unexpectedly fell last week and consumer sentiment rose early this month amid continued optimism over household finances suggesting a sharp slowdown in job growth in March was an aberration While other data on Thursday showed...
MS
Signs of Global Economic Healing Beginning to Appear
I ve been pretty bearish in the last few months but it may be time to change my outlook Last week the moved from a deflation to a neutral reading As a confirmation of this trend my review of the charts shows a picture of global healing after the trauma last year of a near banking crisis meltdown in Europe Is LTRO...
MS
Successful Debt Auctions in Spain and Italy Lift Euro
EquitiesAsian markets traded mostly lower despite a report from China which showed inflation fell to 4 1 its lowest level in 15 months The Shanghai Composite eased fractionally settling at 2275 Hong Kong s Hang Send slid 3 rhe Nikkei lost 7 and the ASX 200 edged down 2 Bucking the downtrend South Korea ...
C
Citigroup to overhaul its investment bank
Reuters Citigroup Inc NYSE C is set to restructure its investment banking operations and merge it with the bank s capital markets origination unit according to an internal memo The restructuring will also involve top executives taking on new roles Ray McGuire the global head of corporate and investment bank...
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Citigroup to Let Investors Trade Custodian Held Cryptocurrency Sources Claim
U S multinational bank Citigroup NYSE C is developing a cryptocurrency product to give institutional investors access to crypto markets without owning cryptoassets directly anonymous sources told Business Insider September 9 Citigroup which had previously taken a centralized approach to cryptocurrency will rep...
C
Citigroup has Invented a New Crypto Investment Option with Reduced Risk
Citigroup NYSE C has come up with a new less risky way of investing in cryptocurrencies without actually owning them the New York based bank s new investment instrument is called Digital Asset Receipt DAR and would place cryptocurrencies within existing regulatory frames The structure provides Wall Street inv...
JPM
Euro Stoxx 50 Technicals
Higher political risks in Europe The European stocks decline in price for the 4th consecutive day amid higher political risks in Italy Greece and the United Kingdom Will the decrease in the Euro Stoxx 50 index continue Early parliamentary elections are expected in Italy They can be held simultaneously with the Germ...
JPM
Buy 6 Growth Mutual Funds As Q1 GDP Strengthens
Despite a sluggish start to the year recently released data has shown that the U S economy expanded in the first quarter In its second estimate economic growth for the first quarter witnessed an upward revision an upward revision also highlighted an increase in consumer spending and a rise in business investment ...
MS
Traders bet their oil storage assets that OPEC cuts will work
By Julia Payne LONDON Reuters The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply Since January Glencore LON GLEN Vitol and Gunvor have completed or have been seeking to sel...
MS
Gold spikes to 5 month highs as US launches missile strikes on Syria
Investing com Gold spiked to five month peaks Friday in Asia after the U S military launched cruise missile strikes against a Syrian air base controlled by President Bashar al Assad s forces Gold for April delivery on the Comex division of the New York Mercantile Exchange rose 0 93 to 1 265 00 a troy ounce Coppe...
JPM
JPMorgan profit beats on better than expected trading loan growth
By Sweta Singh and David Henry Reuters JPMorgan Chase Co s N JPM quarterly profit topped Wall Street s expectations on Friday as trading revenue came in much higher than expected and demand for loans increased on the back of a strengthening U S economy U S banks are benefiting from a cut in corporate tax ra...
JPM
U S import prices post biggest drop in over two years
By Lucia Mutikani WASHINGTON Reuters U S import prices fell the most in more than two years in June as prices for petroleum products fell and a strong dollar weighed on the costs of other goods Economists said the unexpected drop in import prices reported by the Labor Department on Friday was likely temporary giv...
JPM
Wells Fargo s loan book shrinks profit misses estimates
By Imani Moise Reuters Wells Fargo Co N WFC said on Friday its loan book shrank and it raked in less fee revenue than a year ago factors that contributed to lower than expected quarterly profit and sent its shares lower The bank said much of the lending decline had to do with moves to avoid riskier loans ...
JPM
Citigroup executives see better growth ahead but not yet
By Sweta Singh and David Henry Reuters Citigroup Inc N C is still on track to hit its goals for efficiency and revenue growth executives said on Friday as analysts pressed them to explain how those expectations line up with second quarter results Although Citigroup beat Wall Street profit expectations its r...
MS
Musing Over Glass Stegall
This is one area where I would like feedback from my readers My view is that the repeal of Glass Stegall had little impact on the crisis Most of the crisis occurred as a result of ordinary failures in investment banking and commercial banking with little change from combining them I would argue that the overall m...
MS
Morgan Stanley MS Depressed Vol into Ambiguous Earnings Date
Morgan Stanley is a global financial services firm that through its subsidiaries and affiliates provides its products and services to a group of clients and customers including corporations governments financial institutions and individuals This is a vol note surrounding an upcoming earnings report Specifically ...
MS
What Can We Expect in 2012
As we prepare to bid farewell to 2011 and welcome 2012 it s undoubtedly important for investors to start the new year off with as much knowledge about the markets as possible A great visual I saw over the holiday weekend that captured the effects of the financial crisis was this one from Nomura Research Institute po...
MS
Moving Averages Month End Update
Valid until the market close on January 31 2012The S P 500 closed December with a gain of 0 85 from the November close The index signals remain unchanged from last month See the specifics here The Ivy PortfolioThe table below shows the current 10 month simple moving average SMA signal for each of the five ETFs fe...
MS
Was 2011 the end of the Gold Rush
For such a wonderful year for precious metals investors the final calendar quarter left little to celebrate Just as people now take for granted that their phones will also take pictures play music and surf the internet many investors have come to expect gold and silver to move up in a straight line In fact in a...
MS
S P Due to Downgrade Several European Countries
EquitiesThe week closed on an up note in Asia as the region s markets traded mostly higher The Nikkei rallied 1 4 to 8500 the Kospi gained 6 and the ASX 200 rose 4 In greater China the Hang Seng edged up 6 while the Shanghai Composite fell 1 3 following the release of a report which revealed a drop in ...
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The Fed May Be About to Make a Mistake
Bloomberg Opinion The natural state of a capitalist economy is expansion Recessions occur when something breaks rather than an expansion simply dying of old age Unfortunately central banks have a history of pumping the brakes for too long and too hard when attempting to contain growth and inflation and are of...
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U S banking regulators ease liquidity rules for municipal securities
By Pete Schroeder WASHINGTON Reuters U S banking regulators said on Wednesday they were easing liquidity rules on the treatment of municipal securities allowing banks to count more of the assets toward certain liquidity requirements The interim final rule allows banks to treat investment grade municipal securi...
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Exchange Bank declares 0 95 dividend
Exchange Bank OTCPK EXSR declares 0 95 share quarterly dividend in line with previous Forward yield 2 07 Payable Sept 21 for shareholders of record Sept 7 ex div Sept 6 See EXSR Dividend Scorecard Yield Chart Dividend Growth Now read
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Trump s Dollar Policy Could Derail Citigroup s Bullish Forecast
Bloomberg Citigroup Inc NYSE C is bullish on the dollar U S President Donald Trump could change that The administration s preference for a weaker greenback combined with its unpredictable policy moves pose a key risk for foreign exchange markets according to Calvin Tse North American head of G 10 FX st...
JPM
Buy 5 Global Equity Funds As Inflows Touch 2 Year Highs
Investors are shifting their focus to global equity funds from domestic equity funds following concerns over President Trump s ability to implement his pro growth economic proposals According to Investment Company Institute s latest fund flow report stock funds investing globally have registered the best inflows sinc...
JPM
4 Trending Stocks To Watch
Medidata Solutions Inc NASDAQ MDSO climbed to a new all time high of 73 15 on Monday closing the session up 2 08 or 3 to 72 76 on 455 600 shares traded The cloud technology stock has been stair stepping up a rising channel over the last few months and has popped 4 57 since Wednesday s close The next targe...
MS
Analyst action healthcare
Auxilio OTCQB AUXO 5 9 initiated with Buy rating and 10 price target by Craig Hallum Calithera Biosciences CALA 1 3 initiated with Outperform rating and 16 price target by Leerink Swann CryoPort CYRX initiated with Buy rating and 3 50 price target by Needham Loxo Oncology LOXO 2 9 initiated with Ove...
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Krispy Kreme owner JAB to buy bakery chain Panera Bread
Reuters JAB Holdings the owner of Caribou Coffee and Krispy Kreme Doughnuts said on Wednesday it would buy U S bakery chain Panera Bread Co O PNRA for 7 16 billion excluding debt as it expands its coffee and breakfast empire Panera shares had risen about 4 6 percent from March 31 through Tuesday s close of...
MS
Asian stocks waver investors on knife edge for Trump Xi meeting
By Wayne Cole SYDNEY Reuters Stocks slipped and bonds rose in Asia on Thursday with risk appetite soured by signs the Federal Reserve might start paring its king sized asset holdings later this year just as the chance of early U S fiscal stimulus faded further Futures markets pointed to opening falls of between ...
JPM
JPMorgan CEO Dimon issues stark warning about catastrophic events if Italy leaves the euro
JPMorgan NYSE JPM boss Dimon warns of catastrophic events if Italy attempts to leave the eurozone Because of the way it has been designed the European Monetary Union would be hard to reverse without causing catastrophic events Dimon told Italian paper Il Sole 24 Ore Dimon also warned about Brexit saying it ...
JPM
U S inflation steadily firming labor market strong
By Lucia Mutikani WASHINGTON Reuters U S consumer prices recorded their largest increase in nearly 6 1 2 years in the year through June while the monthly pace continued to suggest a steady buildup of inflation that could keep the Federal Reserve on a path of gradual interest rate increases Other data on Thursday...
JPM
Day Ahead Top 3 Things to Watch
Investing com Here s a preview of the top 3 things that could rock markets tomorrow 1 Bank Earnings Will Dominate Early Headlines It s almost the middle of the month but Friday will be when earnings season really gets underway with major banks reporting before the bell Citigroup NYSE C JPMorgan Chase NYSE J...
JPM
Top 5 Things to Know in the Market on Friday
Investing com Here are the top five things you need to know in financial markets on Friday July 13 1 JP Morgan kicks off Q2 earnings season Wall Street s second quarter earnings season unofficially kicks off on Friday with JP Morgan Chase NYSE JPM releasing its results at approximately 7 00 AM ET 11 00 GMT ...
JPM
Stocks U S Futures Cautious with Focus on Bank Earnings Consumer Sentiment
Investing com U S futures pointed to a flat open on Friday as investors digested better than expected earnings from JP Morgan and waited for further reports from Wells Fargo and Citigroup while also looking ahead to a reading on U S consumer sentiment The blue chip Dow futures inched up 13 points or 0 05 ...
MS
Equity Markets Commodities Hit on EBA Report
The European Banking Authority EBA overnight released a report that showed that European banks would need to raise almost EUR 115 billion in new capital as part of the European rescue plan that involves write downs on Greek debt amongst other measures Out of that total the EBA estimated that Banco Santander alone w...
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Citi settles SEC charges over bad controls supervision
WASHINGTON Reuters Citigroup NYSE C agreed to pay 10 5 million to settle two separate complaints one relating to bad loans made by its Mexican subsidiary Banamex between 2008 and 2014 U S regulators said on Thursday The other concerned a trader mismarking illiquid positions and unauthorized proprietary ...
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Argentina Pulls Cash From Financial System After Bond Sale Flop
Bloomberg Argentina forced the nation s biggest lenders to start turning over more cash to the central bank in its latest bid to shore up the peso The move comes a day after the government failed to lure as many investors as it sought into the longer term securities it was offering in place of short term central ...