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Robert Karr

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Robert Karr

  • uploads///Valuations
    Earnings Report

    AXP’s Valuations Down in 4Q15, Targeted $1 Billion in Savings

    American Express (AXP) expects its full-year 2016 EPS to be between $5.40–$5.70. It looks to return to positive EPS growth in 2016 and is targeting a minimum of $5.60 EPS for 2017.

    By Robert Karr
  • uploads///Valuations
    Earnings Report

    TD Ameritrade’s Valuation Falls alongside the Industry

    Historically, TD Ameritrade traded at a discount to its peers because of average operating margins. The sector’s valuations fell in the recent past.

    By Robert Karr
  • uploads///New capital
    Earnings Report

    Blackstone Is Attracting New Capital

    The launch of innovative ideas at the right time can help Blackstone attract a good amount of new capital through its dedicated network.

    By Robert Karr
  • uploads///Portfolio
    Earnings Report

    Prospect Capital’s Selection Is Key to Risk Return Profile

    Prospect Capital (PSEC) announced on May 6 that it has completed one new investment and several follow-on investments totaling $219 million in 3Q15, which ended on March 31, 2015.

    By Robert Karr
  • uploads///Investment income
    Company & Industry Overviews

    Prospect Capital Yields Stabilize in Difficult 3Q15

    Prospect Capital has managed to generate above-market yields through disciplined credit selection and a diverse origination approach.

    By Robert Karr
  • uploads///Investment management
    Earnings Report

    Morgan Stanley Investment Management Thrives in 2Q15

    Morgan Stanley’s (MS) Investment Management segment reported a 7% increase, bringing total revenues to $751 billion compared to $705 billion in 2Q14.

    By Robert Karr
  • uploads///Private Equity
    Earnings Report

    What to Expect of Blackstone’s Private Equity Performance in 4Q16

    In 3Q16, Blackstone’s PE division posted economic income of $132.1 million against total revenues of $337 million.

    By Robert Karr
  • uploads///Financial crisis
    Company & Industry Overviews

    The Carlyle Group’s Major Risks in Managing Funds

    The Carlyle Group (CG) generates its revenues from managing and generating returns on its funds. The higher the funds and returns, the more revenue the company generates.

    By Robert Karr
  • uploads///Retail
    Earnings Report

    BlackRock’s Retail Clientele to See Subdued Fund Flows in 1Q17

    BlackRock’s retail business has seen negative flows over the past few quarters. Retail investors have withdrawn funds from the alternatives, fixed income, and multiasset categories.

    By Robert Karr
  • uploads///EU Fund Flows
    Macroeconomic Analysis

    Fund Flows Continue to Rise in the European Union

    Fund flows in European equities (EFA) have expanded at a slower pace since 2011. Overall, they’ve grown at an average of 10% over the past three years.

    By Robert Karr
  • uploads///Investment income
    Company & Industry Overviews

    Prospect Capital: Could Yields Stabilize or Rise in 2018?

    Prospect Capital (PSEC) has experienced yield compression in recent quarters, largely due to its efforts to reduce risk and focus on quality credit.

    By Robert Karr
  • uploads///Expected performance
    Company & Industry Overviews

    Wall Street’s Expectations for US Bankers in Q3 2018

    Broader markets have risen in the past few months on corporate earnings and slower rate hike expectations due to the Trump administration’s criticism of the Fed’s hawkish policy.

    By Robert Karr
  • uploads///Estimates
    Earnings Report

    Berkshire Takes a Hit on Insurance and BNSF Performance in 1Q16

    Berkshire Hathaway missed its operating EPS analyst estimate of $2,609 and reported $2,275, mainly due to its Insurance and BNSF segments.

    By Robert Karr
  • uploads///Europe valuations
    Company & Industry Overviews

    Valuations of Emerging Market Equities Were Flat Last Week

    Emerging market equities are currently trading at 11.5x on a one-year forward earning basis.

    By Robert Karr
  • uploads///AUM by product
    Earnings Report

    BlackRock’s Diversified Offerings Can Benefit from Rate Hikes

    In the first quarter, BlackRock managed ~$1.9 trillion in fixed income offerings, up from ~$1.6 trillion in the first quarter of 2017.

    By Robert Karr
  • uploads///laptop _
    Company & Industry Overviews

    What to Expect of Bank of America’s 1Q18 Earnings

    Bank of America (BAC) is expected to post earnings per share or EPS of $0.59 in 1Q18, marking growth of 43.9%.

    By Robert Karr
  • uploads///Repurchases
    Earnings Report

    AIG Returned $2.6 Billion to Shareholders in 3Q16

    AIG declared its quarterly dividend of $0.32 per share in 3Q16 totaling ~$338 million, translating into an annualized dividend yield of 2.2%.

    By Robert Karr
  • uploads///Valuations
    Company & Industry Overviews

    T. Rowe Stock Rose, New Assets Are a Concern

    T. Rowe (TROW) stock rose 8% over the past three months mainly due to a strong operating performance in 3Q16.

    By Robert Karr
  • uploads///Profitability
    Company & Industry Overviews

    Carlyle’s Realizations and Distributions Expected to Improve in 3Q

    Carlyle Group (CG) is expected to see its distributable income rise in the current quarter on monetizations through the IPO process, private sales, and placements.

    By Robert Karr
  • uploads///Valuations
    Earnings Report

    Inside Berkshire’s Investment Income and Valuations after 3Q17

    As of October 2017, Berkshire Hathaway (BRK.B) stock has returned 3.2% in the past month and 31.4% over the past four quarters.

    By Robert Karr
  • uploads///Real Estate
    Macroeconomic Analysis

    Blackstone, Carlyle, and KKR Saw Real Estate Growth in 3Q16

    The real estate space has seen a relatively strong performance when compared to other asset classes.

    By Robert Karr
  • uploads///Total revenues
    Company & Industry Overviews

    Morgan Stanley’s Strong Revenue Model

    Morgan Stanley charges fixed fees and performance fees for asset management services, products and services, and administration of accounts.

    By Robert Karr
  • uploads///Retail
    Macroeconomic Analysis

    BlackRock’s Retail Continues to Attract New Clients across Classes

    BlackRock’s (BLK) retail business had assets under management (or AUM) of $542 billion as of March 31, 2016.

    By Robert Karr
  • uploads///Major holdings
    Company & Industry Overviews

    What Berkshire’s Major Portfolio Changes Indicate

    According to its 13F filings, Berkshire Hathaway’s portfolio value stood at $162 billion on June 30, 2017, representing a marginal decline from $163 billion in 1Q17.

    By Robert Karr
  • uploads///Estimates
    Earnings Report

    Why Blackstone’s Q2 Performance Beat Estimates

    The Blackstone Group (BX) reported its second quarter earnings on July 21. The company beat Wall Street analysts’ economic net income estimates of $0.39.

    By Robert Karr
  • uploads///europe performance
    Macroeconomic Analysis

    European Equities – Strong Performance in 2015

    Major ETFs tracking European equities—like the WisdomTree International Hedged Equity Fund (HEDJ)—also generated good returns for investors.

    By Robert Karr
  • uploads///Earnings
    Earnings Report

    AMG Generated Solid Results in 2Q despite Market Volatility

    On August 1, Affiliated Managers Group (AMG) reported net 2Q16 profits of $107.4 million—compared to $128.7 million for 2Q15.

    By Robert Karr
  • uploads///recent quarters
    Basic Materials

    Prospect Capital: Impact of Macro Policy Decisions, Reforms

    Prospect Capital (PSEC) is registered as a business development company (or BDC), which means that if it pays 90% of its profits in dividends, it won’t have to pay any taxes.

    By Robert Karr
  • uploads///EPS
    Earnings Report

    Why Carlyle’s 4Q16 Performance Nosedived

    Carlyle Group posted economic net income of $0.02 in 4Q16 on February 8, which was lower than the analyst estimate of $0.41.

    By Robert Karr
  • uploads///Balance Sheet
    Company & Industry Overviews

    Balance Sheet, Slippages to Determine Bank of America’s Lending

    The Fed has suggested four rate hikes in 2018, reflecting a strong stance on economic growth and inflationary pressures.

    By Robert Karr
  • uploads///Operating expenses
    Earnings Report

    Mergers and Marketing Efforts Pressure MasterCard’s Margins

    MasterCard’s rebates and incentives rose by 18% to $1.0 billion in 1Q16—higher than expected, mainly due to the timing of some deals and acquisitions.

    By Robert Karr
  • uploads///em v
    Macroeconomic Analysis

    Emerging Market Equities See Valuations Rise on Fundamentals

    Valuations rose by 3.10% in the week ended September 11, 2015. The rise was mainly due to buying in India’s equities on higher industrial production and low inflation.

    By Robert Karr
  • uploads///EM Fund Flows
    Macroeconomic Analysis

    Why Emerging Market Equities Attract Higher Capital Flows

    Emerging markets attracted overall positive cash flows for the week ending April 2, 2015. Investments witnessed increased allocation by 7% over the past three years.

    By Robert Karr
  • uploads///Estimates
    Company & Industry Overviews

    How Will Carlyle Group Perform in 3Q16?

    Carlyle expects EPS of $0.44 in 3Q16. For the full year, analysts have revised earnings expectations up to $1.44 with an implied price-to-earnings of 10.8x.

    By Robert Karr
  • uploads///Estimates
    Earnings Report

    BlackRock Garners More than $5 Trillion in AUM, Beating Estimates

    BlackRock, the world’s largest asset manager, beat Wall Street analysts’ adjusted EPS estimates of $4.98, posting EPS of $5.14 for 3Q16.

    By Robert Karr
  • uploads///AM
    Financials

    Macros Impact Bankers’ Asset Management

    Higher valuations and the expectation of faster rate hikes led to withdrawals from equities and debt securities in recent quarters.

    By Robert Karr
  • uploads///Estimates
    Earnings Report

    PNC Financial Services: What Impacted Its 2Q16 Earnings?

    PNC Financial Services (PNC) reported its 2Q16 earnings on July 15, 2016, and managed to beat analysts’ estimates.

    By Robert Karr
  • uploads///Valuation
    Earnings Report

    What Caused Affiliated Managers’ Valuation to Fall?

    Asset managers reported lower profitability for the third quarter of 2015, resulting in falling prices. In turn, this led to lower valuations.

    By Robert Karr
  • uploads///Profitability
    Company & Industry Overviews

    Weaker Markets Continue to Affect Carlyle’s Realizations

    Carlyle Group (CG) reported distributable earnings of $129 million in fiscal 1Q16, 13% lower than in 1Q15.

    By Robert Karr
  • uploads///Valuations
    Macroeconomic Analysis

    Prospect Capital’s Distributable Income Beat Its Payouts

    Prospect Capital generated distributable income of $94.0 million or $0.26 per weighted average share, exceeding $0.25 per share of dividends.

    By Robert Karr
  • uploads///Balance sheet investment returns
    Macroeconomic Analysis

    What KKR’s Buyback Program Could Mean for the Future

    KKR announced a $500 million share buyback program in 4Q15, buying back $270 million units and the remainder during the March quarter.

    By Robert Karr
  • uploads///Valuations
    Earnings Report

    KKR Saw Declining Valuations in 3Q15

    Returns to shareholders KKR & Co. L.P. (KKR) reported an economic net loss of $286 million for the third quarter of 2015. The company’s earnings decreased on a decline in the value of its holdings due to a market rout in 3Q15. KKR’s distributable earnings declined to $349 million, or $0.35 per unit, in 3Q15. The […]

    By Robert Karr
  • uploads///us p
    Macroeconomic Analysis

    US Equities Fall on Global Sell-Off Last Week

    The US equities market (SPY) fell 3.40% during the week ended September 4, 2015. The fall was due mainly to a global sell-off in equities on concerns of a slowdown in China.

    By Robert Karr
  • uploads///Bank
    Company & Industry Overviews

    Schwab’s Banking Operation Has More Assets, High Interest Income

    Charles Schwab’s (SCHW) banking operations have seen strong growth over the past few quarters on accumulation of assets, expanding balance sheet, and interest income.

    By Robert Karr
  • uploads///em v
    Company & Industry Overviews

    Emerging Market Equities Saw Valuations Fall on Commodity Prices

    Emerging market equities are trading at 10.5x on a one-year forward earnings basis. Valuations fell by 0.97% in the week ending August 14.

    By Robert Karr
  • uploads///Division wise
    Earnings Report

    How the Macroenvironment and Interest Rates Could Impact Berkshire

    Berkshire Hathaway (BRK.B) has been delivering a stable operating performance on high market valuations and the improving economy.

    By Robert Karr
  • uploads///Stock
    Earnings Report

    Affiliated Managers Beat Estimates on Investment Performance

    On November 9, Affiliated Managers Group reported net 3Q15 profits of $109 million compared to $103.2 million in the third quarter of 2014.

    By Robert Karr
  • uploads///Operating expenses
    Earnings Report

    Visa Expected to Post Healthy Margins in Fiscal 3Q16

    Visa (V) has maintained its operating margin above 60% over the past few years. The company’s major expenses include personnel, marketing, network and processing, and professional fees.

    By Robert Karr
  • uploads///Dividends
    Company & Industry Overviews

    Is KKR a good pick for retirement or growth options?

    Is KKR a good pick for growth options? KKR is expected to improve its realizations in 2015 and 2016 after an expected valuation increase of energy holdings.

    By Robert Karr
  • uploads///stock price
    Earnings Report

    Morgan Stanley Posts Highest Profit Since 2007 in 1Q15

    Morgan Stanley (MS) reported net income of $1.18 billion, or $1.18 per diluted share, the bank’s most profitable first quarter since the 2007 financial crisis.

    By Robert Karr
  • uploads///Estimates
    Company & Industry Overviews

    KKR Stock Rises on Strong Operating Performance in 3Q

    KKR & Company has seen a recovery after substantial losses in 1Q16. In 3Q16, it posted EPS of $0.71, beating Wall Street analyst estimates of $0.65.

    By Robert Karr
  • uploads///Indexed December
    Macroeconomic Analysis

    Why Alternative Asset Managers Rebounded in 2016

    Alternative asset managers such as Blackstone Group (BX), KKR (KKR), and Carlyle Group (CG) have rebounded sharply over the past three months.

    By Robert Karr
  • uploads///EPS
    Company & Industry Overviews

    Prospect Capital’s 1Q17 Results Fall on Lower Deployments

    Prospect Capital (PSEC) reported fiscal 1Q17 EPS of $0.22—lower than the analyst estimates of $0.24. PSEC saw lower earnings on lower investment income.

    By Robert Karr
  • uploads///Changing risk profile
    Macroeconomic Analysis

    Ares Capital Continues to Expand Its Second Lien Exposure

    Over the past few quarters, Ares Capital (ARCC) has consistently increased its exposure to second lien senior secured debt.

    By Robert Karr
  • uploads///Performance
    Company & Industry Overviews

    Affiliated Managers Is Doing This to Stabilize Revenues

    Affiliated Managers Group (AMG) is expected to post revenues of $567 million in the September quarter. That’s higher than the June quarter but a 7.5% decline YoY.

    By Robert Karr
  • uploads///us f
    Macroeconomic Analysis

    US Equities Continue to See Outflows on Global Growth

    In the week ended September 4, 2015, US equities saw total outflows of $1.6 billion compared to $1.4 billion the previous week. The rate rose due to investors pulling out funds on slowing global growth.

    By Robert Karr
  • uploads///US fund flows
    Macroeconomic Analysis

    US Equities Witness Net Inflows for 2015

    US equities witnessed outflows from the equities in the last few weeks. For the week ending April 2, 2014, US equities saw outflows of $3 billion.

    By Robert Karr
  • uploads///Analyst ratings
    Company & Industry Overviews

    Wall Street Still Loves Banking Stocks

    Wall Street analysts have upgraded their ratings for bankers over the past couple of years.

    By Robert Karr
  • uploads///US p
    Company & Industry Overviews

    US Equities Decline on 1Q15 Gross Domestic Product Numbers

    US equities declined in 1Q15. GDP dropped by 0.7% in the first quarter against the expectation of 0.2% growth.

    By Robert Karr
  • uploads///Risk profile
    Earnings Report

    Ares Capital’s First Lien Investing Rises in 2Q16

    Looking at Ares Capital’s first lien investing, we see that first lien senior secured loans represented 29% in 2Q16, which was in line with the previous quarter.

    By Robert Karr
  • uploads///Repurchases
    Earnings Report

    BlackRock Increases Dividend on Improved Operating Performance

    BlackRock has historically paid out the major portion of its profits in dividends. It increases its dividend per share in-line with its performance.

    By Robert Karr
  • uploads///SHY
    Earnings Report

    Global and US Recession: Hyped, or a High-Probability Scenario?

    US gross domestic product (or GDP) expanded by 0.7% in 4Q15, indicating sluggish growth and the impact of the global slowdown scenario.

    By Robert Karr
  • uploads///sky _
    Company & Industry Overviews

    Why Citigroup Might Surprise Investors in 1Q18 and 2018

    In this series, we’ll look at Citigroup’s expected performance in 2018, segment-wise performance, valuation, dividends, and repurchases.

    By Robert Karr
  • uploads///Estimates
    Earnings Report

    Blackstone’s Performance Stands Out among Managers in 4Q16

    The Blackstone Group (BX), the world’s largest alternative asset manager, posted an economic net income (or ENI) of $0.68 in 4Q16, higher than analysts’ estimate of $0.64.

    By Robert Karr
  • uploads///Energy
    Earnings Report

    Berkshire’s Energy Business Rises on Rates and Utilities in 3Q

    BHE’s earnings before taxes rose to $1,246 million in 3Q16 as compared to $1,153 million during the same quarter last year.

    By Robert Karr
  • uploads///yield amortised cost
    Macroeconomic Analysis

    How Were Ares Capital’s Credit Statistics?

    Ares Capital’s credit statistics improved as nonaccrual loans declined from the first quarter at 1.3% of the firm’s portfolio at cost from 2.6% at the end of 2015.

    By Robert Karr
  • uploads///AUM
    Company & Industry Overviews

    Blackstone and KKR Raise Funds amid Volatility and Prospects

    Equities and broader markets rebounded in 2H16. The global economic outlook has now become relatively more stable for 2017.

    By Robert Karr
  • uploads///Processed
    Macroeconomic Analysis

    Increased Spending, Electronic Payments Beneficial for Visa

    Visa’s total transactions grew by 11% on a YoY (year-over-year) basis in fiscal 4Q15. The company reported total transactions of 27.9 billion in fiscal 4Q15, as compared to 25 billion in fiscal 4Q14.

    By Robert Karr
  • uploads///Non interest expense
    Earnings Report

    Bank of America’s Continued Efficiency Maintains Margins

    Operating margins In 3Q17, Bank of America’s (BAC) non-interest expenses fell sequentially and YoY (year-over-year), reflecting strong operating efficiency. This fall was partially offset by continued investments in technology. The bank’s expenses fell to $13.1 billion in 3Q17, compared with $13.5 billion in 3Q16 and $13.7 billion in 2Q17. Commercial banks (XLF) are focusing on reducing operating spending, targeting huge investments in technology […]

    By Robert Karr
  • uploads///Warren Buffett
    Company & Industry Overviews

    Warren Buffett Leads with Value-Based Investing Principles

    Warren Buffet has restricted himself to his circle of competencies. He has only invested in the businesses he has understood.

    By Robert Karr
  • uploads///Stock
    Earnings Report

    CSX Stock Rises on Record 2Q15 Earnings

    CSX reported its second quarter earnings on July 14. The company beat the Wall Street analysts’ EPS estimates of $0.52, posting earnings per share of $0.56.

    By Robert Karr
  • uploads///Interest income
    Company & Industry Overviews

    Why Closed-End Funds Are Not That Enthusiastic about Rate Changes

    Prospect Capital (PSEC) is strengthening its capital position in order to take advantage of mispricing during volatile times.

    By Robert Karr
  • uploads///Valuations
    Company & Industry Overviews

    Why JPMorgan and Wells Fargo Are Trading at High Multiples

    In spite of a rather weak performance, Wells Fargo (WFC) commands the highest premium due to its strong franchise, mortgage concentration, and high net interest margins.

    By Robert Karr
  • uploads///EPS
    Company & Industry Overviews

    MasterCard’s Performance to Be Driven by Investments, Expansions

    MasterCard (MA) is expected to release its 1Q17 earnings on April 27, 2017. Its EPS is expected to be $0.94, a 9.3% rise year-over-year.

    By Robert Karr
  • uploads///us v
    Macroeconomic Analysis

    Unchanged Interest Rate Impacts US Equities Valuations

    Valuations rose 0.03% in the week ended September 18, 2015. They were revised mainly due to higher retail sales, more building permits, lower unemployment rate, and unchanged interest rates.

    By Robert Karr
  • uploads///Valuations
    Macroeconomic Analysis

    CME Continues to Trade at a Premium on Interest Rates, Energy

    CME stock has been historically valued at a premium compared to its peers. The company commands a premium, mainly due to higher volumes in interest rates, foreign exchange, and energy trades.

    By Robert Karr
  • uploads///Retail
    Earnings Report

    BlackRock’s Retail Saw Outflows on US and Europe Equities in 3Q16

    BlackRock’s (BLK) Retail business had assets under management of $554 billion as of September 30, 2016, which made up 12% of the company’s total AUM.

    By Robert Karr
  • uploads///bull _
    Company & Industry Overviews

    What Could Drive JPMorgan Chase’s Growth in 1Q18?

    JPMorgan Chase (JPM) is expected to post a strong operating performance in 1Q18 due to growth in core banking, investment banking, and trading activity.

    By Robert Karr
  • uploads///AUM by product
    Company & Industry Overviews

    Interest Rate Expectations Have Jolted Equity and Debt Alike

    Asset managers (VFH) are seeking stability in order to attract funds toward either equity or debt offerings.

    By Robert Karr
  • uploads///Real estate
    Company & Industry Overviews

    Blackstone’s Real Estate Growth in Europe and Asia in 2017

    The Blackstone Group (BX) garnered realizations of $3.5 billion in 4Q16, reflecting a year-over-year rise in improved valuations.

    By Robert Karr
  • uploads///eu f
    Macroeconomic Analysis

    EU Equities See Outflows on Lower Industrial Production

    In the week ending September 11, EU equities (EFA) saw total outflows of $309 million—compared to inflows of $1 billion in the previous week.

    By Robert Karr
  • uploads///Ratings
    Company & Industry Overviews

    Why Wall Street Is Neutral on Goldman Sachs despite High Growth

    Goldman Sachs (GS) has demonstrated a strong performance in the first half of 2018 as compared to a weaker 2017 mainly due to higher trading income, private market equity returns, debt lending, and transaction advisory fees.

    By Robert Karr
  • uploads///Wealth m
    Financials

    Do US Bankers’ Asset Management Divisions Have Room for Growth in 2018?

    Commercial banks and asset managers have had a strong run since the beginning of 2016, given the rise in equities across the board.

    By Robert Karr
  • uploads///Valuation
    Company & Industry Overviews

    BlackRock’s Valuations following the Decline in Global Equities

    BlackRock (BLK) stock has risen 27.6% over the past six months and 39.0% over the past year.

    By Robert Karr
  • uploads///Energy
    Earnings Report

    Berkshire Hathaway’s BHE Benefits from Power Stations in 2Q16

    BHE’s earnings before taxes rose to $666 million in 2Q16, as compared to $649 million during the same quarter last year.

    By Robert Karr
  • uploads///Valuations
    Company & Industry Overviews

    Berkshire’s Portfolio and Valuation Rebound in Second Quarter

    Berkshire Hathaway (BRK.B) stock has fallen 2.0% in the last month and risen 15.3% in the last year.

    By Robert Karr
  • uploads///Capital Structure
    Macroeconomic Analysis

    Why Ares Capital Is Deploying Higher Leverage

    Ares Capital’s (ARCC) net DE (debt-to-equity) ratio increased to 0.79x as of December 31, 2015, above the 0.65x–0.75x target set by the management.

    By Robert Karr
  • uploads///repurchases
    Company & Industry Overviews

    JPMorgan Chase’s Shareholder Payouts Rise on Strong Buybacks

    In 4Q17, JPMorgan Chase (JPM) returned $6.7 billion to shareholders in the form of dividends and repurchases, compared to $4.5 billion in 3Q17.

    By Robert Karr
  • uploads///est vs act
    Earnings Report

    What Can We Expect from PNC Financial Services in 2Q16?

    PNC Financial Services (PNC) is expected to report EPS (earnings per share) of $1.76 in the June quarter and $7.16 for fiscal 2016.

    By Robert Karr
  • uploads///Trading
    Financials

    Trade Wars: Higher Volatility and Trading Income

    Volatility in equity and debt markets has risen substantially since February due to shifting investments in alternatives and other asset classes.

    By Robert Karr
  • uploads///Stock
    Macroeconomic Analysis

    How Payment Processors Are Performing amid Challenges in 2016

    Payment processors are seeing major changes in 2016, including increased competition on pricing and the adoption of new technologies such as wearables.

    By Robert Karr
  • uploads///Repurchases
    Company & Industry Overviews

    Citigroup Can Target $15 Billion in Shareholder Payouts in 2018

    In 2018, Citigroup can target $15.0 billion–$18.0 billion in total payouts, depending on whether it can meet its earnings outlook.

    By Robert Karr
  • uploads///em f
    Company & Industry Overviews

    Emerging Market Equities Saw Outflow in Week Ending August 14

    China’s devaluation of its currency, combined with a steep decline in Russia’s GDP, led investors to withdraw funds from these emerging markets.

    By Robert Karr
  • uploads///RoE
    Macroeconomic Analysis

    Which Payment Processor Has the Highest Payouts and Repurchases?

    Payment processors are rewarding their shareholders with 1%–2% dividend yields, largely dependent on operating performance.

    By Robert Karr
  • uploads///Repurchases
    Company & Industry Overviews

    AIG’s Shareholder Payouts Rise on Higher Investment Income

    In 1Q17, AIG repurchased ~56.0 million shares, or 5.5% of its total outstanding shares, for a purchase price of ~$3.6 billion. The company made additional repurchases of ~$1.1 billion through May 3, 2017.

    By Robert Karr
  • uploads///Return generation
    Company & Industry Overviews

    How Rate Hikes and Tax Rate Cuts Could Play Out for Bankers

    The Fed is targeting one last rate hike in December 2017 to bring the federal funds rate from 1.25% to 1.50%.

    By Robert Karr
  • uploads///Estimates
    Earnings Report

    BlackRock Bests Estimates on Earnings, Misses on Revenue in 1Q17

    BlackRock (BLK), the world’s largest asset manager, reported its 1Q17 earnings on April 19, 2017. The company beat Wall Street analysts’ adjusted EPS (earnings per share) estimate of $4.89.

    By Robert Karr
  • uploads///Retail
    Earnings Report

    Retail Flows Continue to Weaken for BlackRock’s Offerings

    BlackRock’s (BLK) Retail business had assets under management (or AUM) of $564 billion on March 31, 2017. Its retail AUM made up 11% of its total AUM.

    By Robert Karr
  • uploads///Liquidity
    Company & Industry Overviews

    Berkshire’s Payouts Are Expected to Remain Weak

    Stringent conditions for payouts Berkshire Hathaway (BRK.B) is sitting on a cash pile of $100 billion. Whereas the company had long kept a policy of no dividends, repurchases, or stock splits, Buffett and Munger altered their strategies to accommodate repurchases for the first time in 2011. Shareholders expect the company to either invest existing liquidity or return rewards […]

    By Robert Karr
  • uploads///Derisking
    Company & Industry Overviews

    AIG’s Stock Benefits from De-Risking of Balance Sheet

    During the first quarter of 2015, AIG (AIG) took further actions to simplify its balance sheet and reduce risk.

    By Robert Karr
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