RECENT Financials RESEARCH
David Tepper is the founder of Appaloosa Management. His firm increased its position in the information technology sector (XLK) in 2Q17.
In an interview with CNBC’s Halftime Report on August 10, Howard Marks shared his views on market valuation, risk in the market, and FANG stocks.
Commercial bankers have had a solid run over the last 18 months, mostly due to rising rates and increased revenues. In this series, we’ll cover the US banking sector, focusing on major drivers and macro policies impacting banks.
Consumer financial companies such as American Express (AXP), Mastercard (MA), and Visa (V) beat analysts’ estimates for EPS (earnings per share) in 2Q17.
When asked about the valuation of the market, Cooperman said that he thinks “the market is fully valued.”
The top five US investment banks, including J.P. Morgan (JPM) and Goldman Sachs (GS), garnered total advisory and underwriting fees of $8 billion in 2Q17. This trend represented a 12% year-over-year increase.
Whether making buy and sell decisions on individual securities or allocating to asset classes, we must tune out the noise and use reason to determine the right course to set.
Asian markets rebounded on Monday as concerns about the geopolitical tensions between North Korea and the United States abated.
With an additional weakness in the markets due to tensions in North Korea, Japan’s Nikkei Index fell on Thursday to the lowest level in more than two months.
In an interview with CNBC’s Halftime Report on Tuesday, August 8, billionaire investor Jeffrey Gundlach shared his views.
Citigroup saw a sequential fall in earnings per share in 2Q17 to $1.28, compared with $1.35 in 1Q17 and $1.24 in 1Q17.
The OCC (Office of the Comptroller of the Currency) will start the process of amending the Volcker Rule this week.
On August 4, the S&P 500 started the day higher, traded in a range, and closed the day at the opening levels. The S&P 500 VIX Index rose 1.6% to 10.19.
On Thursday, July 27, 2017, Automatic Data Processing (ADP) stock rose nearly 13.0% after reports suggested that Bill Ackman was investing in ADP stock.
Mastercard (MA) posted net income of $1.2 billion in 2Q17, reflecting a substantial increase of 20% from its 2Q16 net income.
After gaining for five consecutive trading weeks, China’s Shanghai Composite Index started the week ending July 28 on a stronger note.
In a July 25, 2017, interview with CNBC, Richard Bernstein shared his views on the bull market, risks to the bull market, and how the 2016 presidential election drove the market rally.
Banking stocks posted moderate gains this week as the Fed left interest rates unchanged. The S&P Financial Sector Index rose 0.5%.
On a year-to-date basis, Amazon has returned nearly 36% as of July 21, 2017.
On Thursday, July 20, 2017, in an interview with CNBC, billionaire investor and bond guru Bill Gross shared his view on the policy decisions of central banks.