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Key Points After passing the FED’s annual ‘stress test,’ commercial and diversified banks have recently raised dividends. Citigroup did not need to raise the dividend payout as much as peers for reasons that will become clear once investors review today’s earnings results.These technical levels will be a heavily sought price range; once future catalysts close down valuation gaps, a discount to the sector shows investors that the time to buy could be approaching.The underlying business cycle is affecting some of the profit centers within the bank. However, these same trends are boosting profita...
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In hisDaily Market Notes report to investors, Louis Navellier wrote: Rinse & RepeatA repeat of yesterday: Inflation data soft, the market jumps. PPI came in below estimates with the Core PPI y-o-y rate of 2.4% the lowest since Jan ’21. At the same time, jobless claims came in below estimates. Interest rates continue to fall as the conclusion that July will be the last Fed increase becomes the consensus. The 2yr US Treasury is down another 9bps, the 10yr another 6bps. More importantly, the US dollar index has fallen below 100, very good news for international earnings. Gold is higher, crude oil...
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Execs and analysts defend the Charles Schwab Company despite share plunge.Business is insulated from risks that led to SVBs’ demise.Price action may fall in the near term, but this is a buying opportunity for long-term investors.5 stocks we like better than Charles SchwabShares of The Charles Schwab Corporation (NYSE:SCHW) are falling along with the broader financial sector due to fallout from the SVB issue, but it is getting thrown out with the bathwater. This company may have some systemic risk to issues within the broader financial industry, but its model is far different than SVB, and its ...
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Bank of America (NYSE:BAC), Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM), Morgan Stanley (NYSE:MS), and Wells Fargo (NYSE:WFC) receive proposals related to their financing of GHG emissions driving climate change. NEW YORK, NY, TUESDAY, JANUARY 24TH, 2023 – Members of the Interfaith Center on Corporate Responsibility (ICCR) today announced that they had filed two shareholder proposals at six of the nation’s top banks to move them toward more climate-friendly policies that better align with their public commitments to net zero by 2050. Q4 2022 hedge fund letters, confer...
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Investing is one of the best ways to build wealth, yet rising household debt levels could stand in the way of the investment dreams of most Americans. Q4 2022 hedge fund letters, conferences and more Of the types of debt included by the Federal Reserve — some of which include mortgages, personal loans, and revolving home equity — it was credit card balances that saw the most impressive growth. Households increased their credit card debt by 15% year-over-year, the largest increase in more than two decades. People have taken on more debt in the past year as inflation runs hot. While economic for...
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The last few months have seen investors scrambling to shield themselves from major economic turmoil, as aggressive interest rate hikes and soaring inflation pushes the U.S. economy closer to a looming recession. General market indicators have tumbled since the start of the year, with geopolitical tension, severe COVID-induced lockdowns, and a tight supply chain adding increasing worries to the post-pandemic economy. Q2 2022 hedge fund letters, conferences and more Despite the bearish conditions, investors are struggling to sink their teeth in high-performing stocks, as overall market performan...
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It wasn’t that bad after all. With the second quarter earnings season almost in the books, worries about a rash of negative earnings surprises have proven to be unfounded. According to the latest insight from Factset, roughly three out of four S&P 500 companies have reported positive EPS surprises, on par with the historic norm. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorOn the other hand, the big splash variety of earnings beats have been harder to come by. The average magnitude of the beats has significantly lagged the past. This means that companies t...
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In hisDaily Market Notes report to investors, Louis Navellier wrote: Positive SentimentJune retail sales were stronger than expected, easing recession fears. Stocks rallied on the resilient consumer as retail sales rose 1% in June, ahead of the 0.9% estimate, and a nice bounce off the -0.1% of May, albeit if adjusted for inflation it was arguably slightly negative. Q2 2022 hedge fund letters, conferences and more Also bouncing was the July consumer sentiment numbers, which were better modestly across the board, with lower expectations of inflation and a nice jump in the Current Conditions from...
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Stocks rally as China eases COVID rules and as banks raise dividends, Oil rallies, Gold steady, Bitcoin stuck in the mud – OANDA US stocks are rallying after several banks boosted their dividends and China pivoted away from their strict COVID policy. Wall Street seems to be close to figuring out how high central banks may take rates over in the short-term and that is supportive for long-term investors to scale into positions. We will see if the peak of inflation is in place, but for now some traders are comfortable with the idea that the ECB will bring rates to positive territory and as Fed ea...
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According to S&P Global Market Intelligence’s global bank rankings, thirty-eight of the 50 largest US banks and thrifts reported asset growth in the fourth quarter of 2021. The Top 50 US BanksKey highlights from the U.S. bank rankings analysis: Q1 2022 hedge fund letters, conferences and more Three of the 'Big 4' U.S. banks post declines: Citigroup Inc (NYSE:C), JPMorgan Chase & Co (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) all reported decreases in total assets in the fourth quarter. Citi's assets fell by $70.46 billion, or 3.0%, quarter over quarter, while assets at JPMorgan and Wells Fargo ...
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