As the Trump administration aims to roll out regulatory easing in the banking sector, analysts are expected to revise their ratings for the commercial banking space.
Commercial Banks (XLF) have seen subdued rises in their dividends following the 2007 recession, mainly due to failures in one or more stress tests.
JPMorgan Chase (JPM) continues to be first in the world rankings based on its investment banking fees, reflecting its expertise in the execution of large-scale global transactions.
JPMorgan Chase’s (JPM) commercial banking business has seen a reversal of its credit losses due to higher oil prices (USO) and growth in broad markets.
JPMorgan Chase (JPM) manages $1.8 trillion in assets under management (or AUM), compared to Bank of America’s (BAC) $947 billion as of March 31, 2017.
Commercial banks (XLF) have expanded their businesses in Europe and Asia to take advantage of global growth.
Commercial Banks are expected to see subdued trading activity in 2Q17 due to high valuations in broad markets, low growth expectations across major sectors, and weakening oil prices.
On June 13, Chesapeake Energy rose 4.4% and closed the day at 5.28, which is the highest close since May 26, 2017.
After falling for two consecutive trading days amid the technology sell-off, the S&P 500 regained strength on Tuesday.
Germany’s DAX Index started the week on a weaker note by pulling back on Monday amid weakness in the technology sector. It regained strength on Tuesday.
China’s Shanghai Composite Index started the week on a weaker note amid the technology sector sell-off. The index regained strength on Tuesday.
The combination of Janus Capital’s strength in the US market and Henderson’s strength in the European and UK markets will help create a global asset manager.
The merged entity of Janus Capital Group (JNS) and Henderson Group (HGG) will help accelerate the twin strategic objectives for diversification and growth.
The Henderson Group (HGG) and Janus Capital (JNS) merger will create demonstrable value for shareholders on both short- and long-term bases.
Janus’s robust US brand is to Henderson’s advantage since Janus is among the top 30 US mutual fund complexes.
The Janus-Henderson merger will create a dominant position globally since both businesses complement each other.
The merger of Janus Capital Group (JNS) and Henderson Group (HGG), announced in late 2016, was finalized on May 30, 2017. It’s said to be a merger of equals.
Netflix fell on Monday. Weakness in the technology sector since last Friday triggered a sell-off in Netflix on Friday and Monday.
The S&P 500 ended last week with dented sentiment amid the sell-off in the technology sector. The sector carried the same weak sentiment into this week.
After losing momentum last week, the United Kingdom’s FTSE 100 Index started this week on a weaker note. The technology sector weighed on global markets.