DaVita Healthcare Partners, one of the largest kidney care companies in the US, was the S&P 500’s top gainer on October 16, 2017.
Following a rally for five consecutive trading weeks, the S&P 500 maintained its strength and opened higher this week.
Indexing has become an undeniable force in the investment world…and indexing’s rise didn’t happen by accident.
Of the 19 analysts covering American International Group (AIG), two of them have given AIG a “sell” rating, and six have rated the stock a “hold.”
American International Group (AIG) has a one-year forward PB (price-to-book) ratio of 0.73x compared to its competitors’ average of 1.33x.
According to Brian Duperreault, chief executive officer of American International Group (AIG), a company in any industry has to take the digitization path for long-term growth and success.
Brian Duperreault, chief executive officer of American International Group (AIG), has taken a major step by reshuffling the company into three units.
American International Group (AIG) is expected to announce its earnings for 3Q17 on November 2, 2017. Wall Street analysts have provided a high estimate of $0.90 for AIG’s 3Q17 EPS.
ETF inflows continued to trend higher last week even as the equity markets made new highs. The S&P 500 Index (SPX-INDEX) (SPY) closed at 2,553.2—up 0.86%.
Financial stocks were the biggest drag on the S&P 500—the S&P 500 Financials Index fell 0.90%. All of the major bank stocks were in the red last week.
So far, banks that reported their 3Q17 earnings showed mixed trends. JPMorgan Chase’s revenue and earnings comfortably beat consensus estimates.
Pacific Gas & Electric, which is an investor-owned electric utility with publicly traded stock, was the S&P 500’s top loser on October 13, 2017.
Hewlett-Packard was the S&P 500’s top gainer on October 13. The market sentiment improved after Hewlett-Packard released its strong 2018 outlook.
The S&P 500 started last week on a weaker note. On October 13, the S&P 500 closed the day higher and ended the week with gains.
JPMorgan Chase’s $6.5 billion payout forms ~2% of the bank’s total market capitalization.
Bankers are seeing some slowdown in real estate lending due to rate hikes. However, corporates are borrowing more to support expansion plans.
JPMorgan Chase’s (JPM) Consumer and Community Banking division (or CCB) managed net revenues of ~$12.0 billion in 3Q17, an increase from ~$11.3 billion in 3Q16 and ~$11.4 billion in 2Q17.
Fourteen of 28 analysts gave “buy” or “strong buy” ratings to JPMorgan Chase in October 2017, compared to 15 “buys” in September.
JPMorgan Chase is trading at a premium valuation of ~1.5x compared to the industry average of 1.2x.
In 3Q17, JPMorgan Chase’s Asset Management division managed net income of $674.0 million, up 21% on a year-over-year basis.