What Does Morgan Stanley’s ‘Overlooked Value’ Strategy Entail?
VMware (VMW) is currently trading at $73 with a price-to-earnings multiple of 29.44x.
The Technology Select Sector SPDR ETF (XLK) tracks the performance of the information technology sector, which rose 1.7% in August 2016.
Palo Alto Networks (PANW) is currently trading at $156 with a price-to-earnings multiple of -60.17x.
Morgan Stanley (MS) discussed some of its strategies when it released its top software picks.
On September 28, 2016, Morgan Stanley (MS) released a list of technology (XLK) stocks that it expects could provide good returns in the months ahead.
Charles Schwab’s stock has risen 17% during the past three months, mainly due to a strong operating performance, increased volatility, and higher assets.
Charles Schwab’s (SCHW) Investor Services segment reported total client assets of $1.4 trillion in 2Q16, a rise of 2% from 1Q15.
Charles Schwab (SCHW) reported a strong pre-tax margin of 39.4% in 2Q16, as compared to 36.2% in 2Q15. For 1H16, the company has reported a 38.3% margin.
In 1H16, Charles Schwab (SCHW) added 13,000 new accounts—a YoY rise of 6%. In 2Q16, the bank’s balance sheet expanded to $153.9 billion—a YoY rise of 26%.
Charles Schwab’s daily average trades fell to 518,000 in 2Q16, as compared to 616,000 in the March quarter.
Charles Schwab’s Advisor Services segment reported total client assets of ~$1.2 trillion in 2Q16—a 4% rise over 2Q15 and a 2% rise over 1Q16.
Charles Schwab continued to expand its EPS in the second quarter of 2016. It registered EPS of $0.30 for 2Q16, as compared to $0.25 in 2Q15—a 20% rise.
Goldman Sachs has lowered its 2016 year-end target for crude oil (USO) (BNO) from $50 per barrel to $43 per barrel.
According to Grant, the Fed is in a state of confusion since it can’t decide whether its monetary policy tools are working efficiently or not.
Jeff Currie of Goldman Sachs says gold is the best hedge against political risk. He said, “We have a lot of political risk in the market right now, so gold has a strategic purpose.”
Bank of America (BAC) boosted its dividend by 50% to $0.08 after it cleared the Federal Reserve’s 2016 stress tests in June.
Wall Street analysts have been bullish on shares of Bank of America (BAC) on prospects of an interest rate hike and attractive valuations.
Bank of America’s (BAC) shares are currently extremely cheap compared to those of its peers. This can be judged from the company’s price-to-book value multiple.
In a recent CNBC interview, Bank of America’s CEO discussed the importance of cost controls and how such measures could significantly boost the bank’s earnings.
Bank of America (BAC) CEO Brian Moynihan expressed his optimism about the consumer banking business in a CNBC interview in September 2016.