Banking

Last week’s Treasury auctions included $13 billion two-year Treasury FRNs auctioned on May 28. The FRNs were indexed to the May 19 13-week Treasury bill auction high rate,.

Major deals included debt issues by Wells Fargo (WFC), Baidu, AT&T, and Verizon (VZ).

We can understand the investment objectives of fixed income investors in terms of returns, risks, and constraints. There are two categories of investors.

The price-book value ratio is the ratio of the market value of equity to the book value of equity. Price stands for the current market price of a stock. Book value is the total assets minus liabilities, or net worth, which is the accounting measure of shareholders’ equity in the balance sheet.

The top risks that every bank faces are credit risk and liquidity risk. We’ll look at the banks that managed this risk safely, and those that didn’t.

Most of the analysts covering Bank of America stock recommend a “buy.” On Tuesday, Atlantic Equities upgraded the stock to “overweight” from “neutral.”

Adobe (ADBE), Workday (WDAY), and ServiceNow shares have lost significant market value in early-market trading today. Adobe stock has fallen close to 4%.

In today’s Get Real, we focused on Bill Ackman’s Berkshire Hathaway comments, Mexico’s major cannabis milestone, earnings season, and much more.

By 2020, Apple aims to double its Services revenue from 2016. Meanwhile, the iPhone is looking less and less important for the company.

In Q4 2018, legendary investor George Soros sold all his holding in Apple (AAPL). In Q3 2018, Apple represented around 0.2% of his total portfolio.

Apple’s (AAPL) iPhone 11 preorders have been encouraging. Furthermore, demand for the iPhone 11, Pro, and Pro Max are exceeding supply chain expectations.

Verizon (VZ) and Wells Fargo (WFC) are taking steps to integrate blockchain technology into their business models. Here’s why.

Apple stock rose 2.6% last week. Its performance was a tad volatile, with its shares rising 4.6% in the first four days and falling 2% on Friday.

You’ve likely heard about it in the financial press recently: this ominous, notorious thing called the “yield curve inversion.”

White House economic advisor Larry Kudlow doesn’t see a looming recession. However, recession fears grew as the yield curve inverted last week.

JPMorgan Chase suggests waiting until September before returning to stocks. The markets will likely make new all-time highs in the first half of 2020.

There weren’t any real surprises in Berkshire Hathaway’s 13F for the second quarter. In some ways, the 13F replicated the first quarter.

On Wednesday, Bank of America (BAC) reported mixed second-quarter results. The bank’s profitability beat analysts’ expectation.

Zoom Video Communications (ZM) serves customers of all sizes, from sole businesses to Fortune 50 organizations.

Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter.

Ride-hailing giant Uber is set to spend $3.1 billion to have full ownership of Middle-East rival Careem.

Broadcom’s (AVGO) fiscal 2019 earnings will be driven by its integration of CA Technologies.

Chinese electric carmaker NIO (NIO) continued to burn cash in the fourth quarter.

Buffett said that considering Berkshire Hathaway’s massive stake in Kraft Heinz, it wouldn’t be easy for him to exit the company.

Berkshire Hathaway (BRK-B) chair Warren Buffett has never been a fan of cryptocurrencies like bitcoin.

Bank of America (BAC) has impressed investors with its financial performance. We expect Bank of America to sustain the momentum in 2019.

The broader market sell-off started on December 1 when Huawei Technologies’ CFO Meng Wanzhou was arrested by Canadian authorities.

For LyondellBasell, 30% of the analysts recommended a “buy,” 65% recommended a “hold,” and 5% recommended a “sell.”

For 3M stock, 37% of the analysts recommended a “buy,” 42% recommended a “hold,” and 21% recommended a “sell.”

On a TTM basis, JPMorgan Chase trades at a price-to-book ratio of 1.7x, while the industry average stands at 1.6x.

The growing adoption of IBM’s (IBM) Watson AI platform is contributing significantly to the company’s overall business.

Berkshire Hathaway (BRK.B) was sitting on liquidity of $118 billion at the end of the first quarter.

AMLP has seen a net outflow of $467.8 million over the past one-month period ended March 16, 2018.

JPMorgan Chase (JPM) stock has generated a return of 21.0% in the last six months and 31.3% over the past year.

MLPs underperformed the energy sector and the broader US markets last week. Let’s take a look.

Evercore generated 25% of its fees from its technology, media, and telecom sector, 20% from its energy sector, and 17% from its financials sector in 4Q17.

E*TRADE Financial Corporation (ETFC) is covered by 16 analysts in February 2018. Of these analysts, nine suggested a “strong buy” and three gave “hold” ratings on ETFC.

MLPs maintained their winning streak in the second week of 2018. The Alerian MLP Index (^AMZ) rose 4.6% last week and ended at 300.5.

Citigroup is projected to grow its revenue 2% and 4% in 2017 and 2018, respectively. The 2017 and 2018 diluted EPS are projected to grow 12% and 14%, respectively.

Goldman Sachs’s (GS) Investment Banking segment generated revenues of $1.8 billion in 3Q17, which was a 4% rise compared to 2Q17.