Northern Trust Corp
Investors and Large-Cap Banks as Global Uncertainties Continue
Small-cap companies have lost only 0.4% YTD but have gained 5.3% as of November 6, month-over-month. But investors have stayed invested in large-cap banks.
What Investors Should Know about BlackRock’s iShares Business
BlackRock (BLK) is the largest asset management firm in the world. BlackRock generated $10.9 billion of inflows in the iShares ETF segment in 2Q15.
Can State Street Recover Its Discounted Valuations?
On a next 12-month basis, State Street Corporation (STT) has a PE (price-to-earnings) ratio of 13.9x. Its competitors’ average is 21.22x.
State Street: Management Has Positive Views
According to Aboaf, the company is in a position to face various industry challenges, which could bode well for future growth.
State Street: A Look at Total Assets under Management
State Street Corporation ended fiscal 2017 with total AUM of ~$2.8 trillion, with an equity component of ~$1.7 trillion.
Salesforce Launches Its Financial Services Cloud
On August 25, Salesforce, along with the announcement of its Lightning platform for its Sales Cloud, launched Financial Services Cloud, its first industry-specific offering.
Why State Street Has Lower Valuations
Wall Street analysts have given a one-year price target on State Street of $117.53.
How Has SEI Investments Performed Compared to Its Peers?
SEI Investments has outperformed its peers based on forward PE and PBV.
State Street: What Analysts Have to Say in April 2018
In April 2018, five analysts suggested a “strong buy” for STT stock, and 11 recommended a “hold” rating.
Analyzing Caterpillar’s Resource Industries Segment
Caterpillar’s Resource Industries segment is the company’s lowest revenue contributor. The segment had a revenue share of 18% in the second quarter.
What Analysts Think about Apollo Global
Of 15 analysts that analyzed APO in December 2017, seven suggested a “buy,” and four suggested a “hold” rating on APO.
Analyzing Charles Schwab’s Expenses
Charles Schwab (SCHW) reported total expenses excluding interest of $1.2 billion in 4Q17—compared to $1.1 billion in 4Q16. It reflects a rise of 12%.
Behind State Street’s Investment Management Division
State Street Corporation (STT) has an enterprise value of $52.8 billion.
Will BNY Mellon’s Valuations Gap Narrow?
BNY Mellon (BK) trades at a 24% premium to its book value and 18x its one-year forward earnings.
BNY Mellon Improves Its Profitability despite Tough Global Environment
During 4Q16, BNY Mellon (BK) posted return on equity (or ROE) of 9.3% compared to 7.1% during 4Q15.
BNY Mellon’s Third Quarter Earnings Top Estimates
Bank of New York Mellon (BK) reported 3Q earnings on October 20. The company’s adjusted earnings of $0.90 per share beat consensus estimates of $0.81 and were 22% higher year-over-year.
Which Segment Drove BNY Mellon’s 2Q16 Earnings?
BNY Mellon (BK) operates under two primary business segments in the United States (SPY): Investment Services and Investment Management.
BNY Mellon’s 1Q16 Earnings Beat Estimates, Stock Gains 2.5%
The world’s second-largest custody bank, BNY Mellon (BK) reported its first-quarter earnings on April 21. The company’s earnings of $0.73 per share beat consensus estimates of $0.67 and were 9% higher year-over-year.
What Do Analysts Recommend for XLF’s Banking Stocks?
Among the 682 analysts covering the 21 banks within the Financial Select Sector SPDR ETF (XLF), 356 have provided “buy” ratings, 28 have given “sell” ratings, and 298 have provided “hold” ratings.
KCE Has Been in Negative Territory Since the Start of 2016
As of February 26, 2016, KCE has a market capitalization of $45.3 million. Year-to-date, shares of KCE have plunged 17.4%.
Analyzing Bank of New York Mellon’s Segmental Performance
During the fourth quarter, revenues from the Investment Services business increased by 3% to $2.6 billion. The Investment Services segment’s fees were flat at $1.7 billion on a YoY (year-over-year) basis.
BNY Mellon Improves Its Profitability despite Global Turmoil
During the fourth quarter, BNY Mellon posted a return on equity, or ROE, of 7.1%, which was significantly higher than the ROE of 2.2% during the same period last year.
Wells Fargo’s Stock Is Valuable Compared to Its Peers
In 2015, Wells Fargo shares slightly outperformed the financial sector. The Financial Select Sector SPDR ETF (XLF) represents the financial sector.
KCE Broke above Its Moving Averages on November 18
As of November 24, KCE had a market capitalization of $125 million. Year-to-date, shares of KCE have underperformed US Stock Markets (SPY) and the financial sector, falling 9.2%.
Why the US Banking Sector Has Been so Volatile in 2015
XLF invests heavily in the banking sector—47.91% of its portfolio. As of November 6, XLF returned 0.3%, whereas IYF returned 3.2% as of the same date.
Understanding Bank of New York Mellon’s Return Ratios
US banks earn lower returns on their assets as well as lower interest-based income when interest rates are low.
How the Stock Market Reacted to Wells Fargo’s 3Q15 Earnings
On October 14, 2015, Wells Fargo (WFC) reported 3Q15 earnings per share at $1.05, which beat consensus estimates of $1.04. Shares closed at $52.69 on October 15, gaining 1.6% in the last two trading sessions.
SEI Investments’ Income and Revenue Fell in 3Q15
SEI Investments provides asset management, investment processing, and investment operations solutions to institutional and individual wealth management.
Bank of New York Mellon Is Undervalued Compared to Its Peers
So far in 2015, Bank of New York Mellon (BK) has slightly outperformed the financial sector. Year-to-date (or YTD), the stock has gained 0.54%.
Wells Fargo Is Valuable Compared to Peers in the Financial Sector
Wells Fargo (WFC) is among the most efficient banks among its peers when it comes to drawing the line on expenses.
Spotlight on the Asset Management Subsector
Among the 209 analysts following the ten stocks in the asset management subsector, 92 have given it a “buy” rating, 14 a “sell,” and 103 a “hold.”
Global Woes Cast a Shadow over US Stock Markets
While the risks of a contagion spreading here are small, US stock markets here could be affected by what happens to European stocks because of the crisis in Greece.