Donald Trump mentioned that working on trade reforms and negotiating existing trade deals is the quickest way to bring US jobs back.
To stop the economy from going into deflation, reflationary measures are sometimes necessary.
Donald Trump’s election campaign boasted of policies to reduce taxes, creating 25 million American jobs and boosting growth up to 4%.
The focus can now shift to the assets that are more cyclical, like financials (XLF) (IYF), utilities (XLU) (IGF), and dividend growers.
Donald Trump’s unexpected election ushered in short-run uncertainty about markets and policies—not only in the United States but also globally.
State Street (STT) has demonstrated consistency in rewarding its shareholders with dividends and repurchases. It continues to pay 25.0%–35.0% of its earnings in dividends.
State Street (STT) stock has risen 10.0% over the past quarter and 24.0% over the past six months. Its valuations have also risen from their lows at the beginning of 2016.
State Street’s ability to expand operations by deploying generating operating flows and expense management should help improve its balance sheet.
State Street (STT) reported total fee revenues of $2.1 billion in 3Q16, a rise of 2.0% compared to the previous quarter. Servicing fees rose 5.2%.
In line with the State Street Beacon program, expenses continued to fall YoY. State Street is targeting savings of $550.0 million over the next four to five years.
In 3Q16, State Street (STT) saw a rise to $29.2 trillion in assets under custody and administration. That’s a 5.0% rise compared to $27.8 trillion in 2Q16.
State Street (STT) stock has risen 10.0% over the past quarter. That came on the back of two quarters of improved operating performance.
T. Rowe (TROW) stock rose 8% over the past three months mainly due to a strong operating performance in 3Q16.
T. Rowe reported that it was debt free. It has substantial liquidity including cash and sponsored portfolio investment holdings of $2.1 billion.
T. Rowe Price expects to see a continued trend of increased spending in 2017 due to spending on technology and service expenses.
In 3Q16, T. Rowe’s (TROW) fund performance, led by market appreciation, contributed to its assets under management growth of $36.3 billion.
T. Rowe Price (TROW) posted growth of $36.3 billion in its AUM (assets under management) in 3Q16, totaling $812.9 billion.
T. Rowe’s mutual funds’ net cash flows after client transfers accounted for net outflows of $0.2 billion from the stocks and blended asset funds in 3Q16.
T. Rowe Price (TROW), in line with other asset managers, saw a strong rebound in earnings during 3Q16. It posted diluted EPS of $1.28.
KKR & Company (KKR) expects to post EPS (earnings per share) of $0.41 in 3Q16, reflecting a subdued performance compared to its 3Q15 numbers.