Financial Select Sector SPDR® ETF

Most Recent

  • Disposable Income Is Still Below Historical Averages
    Macroeconomic Analysis

    Disposable Income Is Still Below Historical Averages

    Disposable income refers to the income available to a household or individual after paying off personal current taxes. Disposable income is still below historical averages.

    By Russ Koesterich, CFA
  • Why tight credit spreads usually mean a period of global expansion
    Financials

    Why tight credit spreads usually mean a period of global expansion

    Today, most measures of credit conditions are positive, with tight spreads across all of fixed income. Even high yield spreads have come in after a short scare last month.

    By Russ Koesterich, CFA
  • The Great American Deleveraging: Fact or Myth?
    Macroeconomic Analysis

    The Great American Deleveraging: Fact or Myth?

    The great American deleveraging has largely been limited to the financial sector (XLF) (IYF). Non-financial debt is still much higher than historical averages.

    By Russ Koesterich, CFA
  • Financials

    Rate hike horizon: September’s jobs report was largely positive

    After September’s strong jobs numbers, a Fed rate hike could be on the horizon early next year. Russ explains two equity market implications.

    By Russ Koesterich, CFA
  • uploads///REITS AND INTEREST RATES
    Macroeconomic Analysis

    How Would a Rate Hike Impact REITs?

    If rates do rise in December, as most experts are expecting, a mass selloff in REITs will likely occur.

    By Rebecca Keats
  • 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/// Mortgage
    Financials

    Wells Fargo Isn’t Out of the Woods

    Wells Fargo discovered that employees in its wholesale unit altered information related to customers’ records without the company’s knowledge.

    By Peter Barnes
  • 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///Citi shares outstanding
    Company & Industry Overviews

    How Did Citigroup Stock Perform in November?

    Shares of Citigroup (C) returned 9% during November. Last Monday, Citigroup’s share repurchase plans worth $1.75 billion got approval from the Fed.

    By Rebecca Keats
  • 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///analysts
    Company & Industry Overviews

    What Analysts Are Saying about Charles Schwab

    Ratings for Charles Schwab Of the 21 analysts covering Charles Schwab (SCHW), eight recommend “strong buy,” five recommend “buy,” seven recommend “hold,” and one recommends “sell.” There were no “strong sell” recommendations. Ratings for SCHW’s peers Of the 28 analysts covering competitor (XLF) Goldman Sachs (GS), seven recommend “strong buy,” six recommend “buy,” 13 recommend “hold,” one recommends “sell,” […]

    By Raymond Anderson
  • uploads///MS Capital
    Earnings Report

    Morgan Stanley’s Capital Position Remains Strong

    Since the financial crisis of 2009, there has been intense pressure on US banks to raise capital levels to meet minimum requirements.

    By Rebecca Keats
  • uploads///
    Fund Managers

    Third Point adds stake in Citigroup

    Citigroup is the third largest US bank with assets of $1.9 trillion and ~200 million customer accounts worldwide.

    By Santiago Solari
  • uploads///credit card loan portfolios
    Macroeconomic Analysis

    How Would Rising Charge-Offs Impact Major Banks’ Earnings?

    To make the most of growing consumer spending, major banks focused on their consumer banking business. They’re lending out more consumer loans.

    By Rebecca Keats
  • 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///US Bank Revenue
    Financials

    Analyzing U.S. Bank’s strong 4Q14 results

    U.S. Bank (USB) reported strong 4Q14 results on Wednesday, January 21. The bank reported revenue of $5,169 million for 4Q14. This was a growth of 5.7%.

    By Saul Perez
  • uploads///ROA
    Earnings Report

    How Will Prospect Capital Fare in 1Q18?

    Prospect Capital has generated a return of 4.1% on its assets on a last-12-month (or LTM) basis.

    By Raymond Anderson
  • uploads///FIS revenues
    Earnings Report

    FIS’s Acquisition of SunGard to Become a Key Catalyst for 2016

    In 4Q15, Fidelity Information Services (FIS) acquired SunGard, expanding its top line by nearly 50% and entering the capital markets and asset management businesses,

    By Rebecca Keats
  • uploads///BK Exps
    Earnings Report

    How Is BNY Mellon Controlling Expenses?

    The Bank of New York Mellon’s (BK) cost-cutting program has been effective, and activist investors are appreciating the measures it’s taking to improve profitability.

    By Rebecca Keats
  • uploads///Chart  Revenues
    Earnings Report

    Bank of America’s Q3 Revenues Surpassed Wall Street Estimates

    Bank of America (BAC) reported third-quarter revenues of $22.8 billion, surpassing Wall Street’s forecast of $22.7 billion.

    By Anirudha Bhagat
  • 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///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///net income margin
    Earnings Report

    Invesco’s Assets under Management Rose in 3Q17

    Invesco Limited (IVZ) reported total assets under management (or AUM) of $917.5 billion on September 30, 2017.

    By Raymond Anderson
  • 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
  • Financials

    You should pay particular attention to this valuation metric

    I would pay particular attention to the Shiller P/E Ratio, which is a variation on the Cyclically Adjusted P/E or CAPE. This indicator is worth watching as it has historically correlated with long-term stock market returns.

    By Russ Koesterich, CFA
  • uploads///goldcboe
    Company & Industry Overviews

    How Stocks and Bonds Reacted to Trump’s Victory

    The CBOE Volatility Index suddenly rose 6.0% on November 9, 2016, after it was clear that Trump had unexpectedly clinched the election.

    By Russ Koesterich, CFA
  • uploads///RPS
    Earnings Report

    What to Expect for Carlyle’s Earnings and Revenue in 4Q17

    The Carlyle Group (CG) will announce its 4Q17 results on February 7, 2018. In this series, we’ll take a peek at its performance and what’s expected.

    By Raymond Anderson
  • Financials

    Must-know: The future of banking risks and regulations

    Despite Basel III’s shortcomings, you must remember that it wasn’t the Basel norms that precipitated the subprime or global financial crisis. It was the people who didn’t implement the rules properly. Basel III is currently the best possible regulatory framework.

    By Saul Perez
  • uploads///GS ROE
    Earnings Report

    After a Lackluster 2Q15, Return on Equity Will Likely Improve

    Wall Street analysts expect Goldman Sachs to post return on equity (or ROE) of 11.5% in 3Q15. In 3Q14, ROE for Goldman Sachs was 11.8%.

    By Rebecca Keats
  • uploads/// fdic
    Macroeconomic Analysis

    Easing Bank Rules: Negative in the Long Term?

    Fitch Ratings says that easing the Dodd-Frank Act for smaller and custodial banks could be negative for some banks’ credit profiles in the long term.

    By Peter Barnes
  • uploads///Banks vs yields
    Company & Industry Overviews

    How Would a Rate Hike Impact the Banking Sector?

    The timing of a rate hike isn’t as important to banks as the quantum and pace of subsequent hikes. If rates are hiked more than expectations, earnings grow and forecasts are raised, leading to a rally in banking stocks.

    By Rebecca Keats
  • uploads///large cap vs small caps
    Company & Industry Overviews

    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.

    By Rebecca Keats
  • uploads///Bank payouts
    Company & Industry Overviews

    Financials Overview for the Week of June 26–30, 2017

    Major banking stocks rose after the Fed approved huge payout plans. Wells Fargo (WFC) rose 2.7% and Citigroup (C) rose 2.8%.

    By Peter Barnes
  • uploads///BAC analysts
    Earnings Report

    Why 80% of Analysts Rate Bank of America a ‘Buy’

    Wall Street analysts have been bullish on shares of Bank of America (BAC) on prospects of an interest rate hike and cheap valuations.

    By Rebecca Keats
  • uploads///GS exps
    Earnings Report

    GS Cuts More Jobs than It Did during the 2008 Financial Crisis

    Goldman Sachs has been cutting costs in recent quarters. In 2016, 2,600 people may have lost their jobs at GS—the highest number since the financial crisis.

    By Rebecca Keats
  • uploads///office _
    Earnings Report

    What to Expect from Bank of America’s Third-Quarter Earnings

    Bank of America (BAC) plans to report its third-quarter results on October 15.

    By Anirudha Bhagat
  • uploads///
    Macroeconomic Analysis

    Macro Events That Could Influence Markets This Week

    The last three trading sessions in May are likely to be influenced by geopolitical issues rather than economic data.

    By Ricky Cove
  • Financials

    Why the 26-week T-bills auction saw the lowest coverage in a year

    The US Department of the Treasury held the weekly 26-week, or six-month, Treasury bills (or T-bills) auction on November 10. T-bills worth $28 billion were on offer.

    By Phalguni Soni
  • uploads///HPY GPN transforming the model
    Miscellaneous

    Parsing the Heartland–Global Payments MAE Clause, Part 3

    Let’s continue our discussion on the Heartland–Global Payments merger. The MAE clause is one of the first things that arbitrageurs look at in a merger agreement.

    By Brent Nyitray, CFA, MBA
  • uploads///analysts
    Company & Industry Overviews

    Visa: Most Analysts Recommend a ‘Buy’

    Of 38 analysts that covered Visa in April, four recommended a “hold,” 18 recommended a “buy,” and 16 recommended a “strong buy.”

    By Raymond Anderson
  • uploads///APO credit div management fees
    Financials

    Rebounding Energy Prices Could Boost Alternative Managers’ Credit Divisions

    Apollo Global Management’s Credit division reported management fees of $169.8 million in 2Q17 compared to $158.3 million in 1Q17.

    By Raymond Anderson
  • uploads///ROA
    Company & Industry Overviews

    Visa’s Operating Expenses and Fiscal 2018 Expectations

    Visa (V) incurred total operating expenses of $6.2 billion in fiscal 2017 compared to $7.1 billion in fiscal 2016.

    By Raymond Anderson
  • 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///The utilites sector is appearing overvalued
    Macroeconomic Analysis

    What Stretched Utility Sector Valuation Means

    Utility sector valuation appears stretched. 2014 was a great year for utilities, which gained 26.62% ex-dividends and were the best-performing sector.

    By Russ Koesterich, CFA
  • uploads///net income margin
    Earnings Report

    A Look at the Trend in American Express’s Total Revenues

    American Express’s (AXP) total revenues (net of interest expense) were $8.8 billion in 4Q17 compared to $8 billion in 4Q16.

    By Raymond Anderson
  • uploads///BAC EPS
    Earnings Report

    Will Bank of America’s 4Q16 Earnings Buoy Its Stock Further?

    Bank of America is expected to announce its 4Q16 results before the market opens on January 13, 2017. Analysts expect it to post earnings per share of $0.38.

    By Rebecca Keats
  • uploads///EPS Estimates
    Company & Industry Overviews

    5 Big Banks to Report Their Earnings this Week

    This week, five of the top six commercial and investment banks will report their quarterly earnings.

    By Rebecca Keats
  • uploads///rel val
    Earnings Report

    What’s T. Rowe’s Valuation?

    T. Rowe Price Group’s (TROW) one-year forward price-to-earnings ratio stood at 17.69x, which implies a premium valuation.

    By Raymond Anderson
  • 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///ROA
    Earnings Report

    How Apollo’s Real Asset Division Performed in 3Q17

    Fall in total revenue Apollo Global Management’s (APO) real asset division saw its total revenue fall from $23.1 million in 3Q16 to $21.7 million in 3Q17, mainly due to its carried interest income falling from $6.5 million to $1.8 million. The division’s advisory and transaction fees rose from $1 million in 3Q16 to $1.4 million in […]

    By Raymond Anderson
  • 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///US ADP Employment Change in September
    Macroeconomic Analysis

    Key ADP Highlights: 135,000 Jobs in September

    The ADP National Employment Report for September 2017 showed some weaker improvement in private sector employment to 135,000 in September compared to the market’s expectation of 125,000.

    By Sarah Sands
  • uploads///WFC credit card accounts
    Company & Industry Overviews

    Why Analysts Have a Negative Outlook for Wells Fargo in 2017

    In September, Wells Fargo was slapped with the largest fine ever by the CFPB (Consumer Financial Protection Bureau), making it tough for the company to rebuild its image.

    By Rebecca Keats
  • 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///corporate and investment bank segment
    Earnings Report

    JPMorgan’s Trading Revenues Fall 7% in 2Q15

    JPMorgan’s revenues from fixed income markets declined 10% year-over-year in the second quarter of 2015. The drop excludes the impacts of one-off items.

    By Rekha Khandelwal, CFA
  • uploads///WFC profitability ratios
    Earnings Report

    How Global Weakness Drags down Wells Fargo’s Profitability in 4Q15

    Two key elements gripping the US banking sector and Wells Fargo include the near-zero interest rate and global uncertainty, which have dampened earnings.

    By Rebecca Keats
  • uploads///GS Trading activities
    Earnings Report

    Factors That Will Drive Goldman Sachs’ Earnings in 2016

    Goldman Sachs derives 16% of its revenues from the investing and lending business. So far, 2016 has been a rough year for the financial sector.

    By Rebecca Keats
  • uploads///Financial Sector Performance as Compared to Broader Market
    Fund Managers

    Goldman Sachs: Financial Sector Could See Strong Growth

    Goldman Sachs (GS) believes the delay in policy reform might continue in the near future.

    By Sarah Sands
  • uploads///Quarterly income
    Company & Industry Overviews

    Did Banks’ Earnings Grow in 4Q15?

    The Federal Deposit Insurance Corporation’s quarterly report on the health of the US banking industry said that 4Q15 bank earnings rose 11.9% year-over-year.

    By Rebecca Keats
  • 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///KIE Flows
    Macroeconomic Analysis

    Investors Added $247 Million to the Insurance ETF KIE in 2015

    The SPDR S&P Insurance ETF (KIE) has added $257 million in assets in 2015 so far. In comparison, during the previous year, the fund witnessed outflows of $139 million.

    By Rebecca Keats
  • 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///analuysts
    Earnings Report

    What Analysts Suggest for Carlyle Group after 3Q17 Results

    The Carlyle Group (CG) is being tracked by 12 analysts in November 2017. Five of them have rated the stock a “hold,” and four have given it a “strong buy.”

    By Raymond Anderson
  • uploads///ROIC
    Company & Industry Overviews

    Why Chubb’s Global Reinsurance Division Income Fell

    Division’s income The Global Reinsurance division of Chubb Limited (CB) consists of reinsurance activities as follows: Chubb Tempest Re USA Chubb Tempest Re Canada Chubb Tempest Re Bermuda Chubb Tempest Re International The global reinsurance division reported income of $146 million in 9M17, compared to $338 million in 9M16—a substantial 56.8% decline. The division’s net […]

    By Raymond Anderson
  • Financials

    Major central banks are now diverging in their monetary policies

    Major central banks are now diverging in their monetary policies, a dynamic we saw vividly on display last week with the Federal Reserve ending its quantitative easing (or QE) program, while Japan expanded its version of QE.

    By Russ Koesterich, CFA
  • uploads///NIM
    Company & Industry Overviews

    State Street’s Total Revenues Rose in 1H17: Here’s Why

    State Street has incurred interest expenses on deposits of $57 million in 1H17 compared to $54 million in 1H16.

    By Raymond Anderson
  • uploads///Fundflows XLF
    Macroeconomic Analysis

    Fund Flows to XLF Have Been Declining

    Exchange-traded fund investors added almost $552.6 million on average to the Financial Select Sector SPDR ETF (XLF) in the last quarter. During the week ending September 25, the ETF witnessed outflows of $318.3 million.

    By Rebecca Keats
  • uploads///JPM Q Markets Commercial Banking
    Financials

    JPMorgan’s Commercial Banking segment had mild results in the 4Q

    JPMorgan Chase’s (JPM) Commercial Banking segment provides conventional banking services to corporate clients. It’s JPMorgan’s third largest business segment.

    By Saul Perez
  • 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///Untitled
    Earnings Report

    FIS’s Acquisition of SunGard to Be a Key Catalyst in 2016

    In 2015, Fidelity National Information Services (FIS) acquired SunGard, expanding its top line by nearly 50% and entering the capital markets and asset management businesses.

    By Rebecca Keats
  • Financials

    Why demand increased for the 3-month Treasury bills auction

    Market demand for the three-month T-bills increased to ~24.3% of the competitive accepted bids. This was a result of higher bidding from indirect bidders.

    By Phalguni Soni
  • uploads///CITI HOLDINGS
    Earnings Report

    Is Citigroup’s Restructuring Exercise Benefiting the Company?

    Citigroup’s CEO, Michael Corbat, continued his efforts to try to slim down the company’s operations and clean up its balance sheet in the second quarter.

    By Rebecca Keats
  • 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///banks price perf
    Macroeconomic Analysis

    Bank Stocks Rise Due to Expectations of a Rate Hike

    2016 has been a rough year for the financial sector. Banks entered 2016 expecting four rounds of interest rate hikes. Things didn’t turn out in their favor.

    By Rebecca Keats
  • Financials

    Why analysts expect a further slowdown in Europe to be modest

    In addition, many market watchers are concerned about slowing growth in the Eurozone. While the region is unlikely to boom anytime soon, there are some signs that any further slowdown there should be modest.

    By Russ Koesterich, CFA
  • uploads///Bank of America Rallied Strongly Since the US Election
    Fund Managers

    What Goldman Sachs Thinks about Bank of America

    Bank of America (BAC) is currently trading at $25.26. Its 52-week high is $25.80 and 52-week low is $12.05.

    By Sarah Sands
  • uploads///calculator _
    Earnings Report

    Can Citigroup Keep the Earnings Streak Alive in Q3 2018?

    Citigroup (C) is scheduled to report its third-quarter earnings results on October 12.

    By Anirudha Bhagat
  • uploads///FCF yield
    Company & Industry Overviews

    How Charles Schwab’s Expenses Trended in 2017

    Charles Schwab witnessed a marginal increase in its total expenses (excluding interest) from $3.3 billion in 9M16 (or the first nine months of 2016) to $3.6 billion in 9M17.

    By Raymond Anderson
  • uploads/// Returns
    Company & Industry Overviews

    US Banks Are Optimistic about the New Tax Plan

    Despite the $32.9-billion hit the top five banks took in their fourth-quarter earnings, US banks (XLF) are generally very positive about the new tax plan.

    By Peter Barnes
  • uploads///PIMCO sector allocation
    Macroeconomic Analysis

    Turn to Financials and Healthcare When Fears of Rate Hike Loom

    With classic safe havens providing little protection, turn to financials and healthcare sectors for opportunities. Healthcare stocks usually hold up well in the run-up to a rate hike.

    By Russ Koesterich, CFA
  • uploads///WFC DY
    Earnings Report

    How Wells Fargo Creates Value for Shareholders

    Wells Fargo has consistently performed well in stress tests. This performance has let the company increase its dividends annually.

    By Rebecca Keats
  • 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///total seg rev
    Company & Industry Overviews

    What’s Expected for Carlyle’s Total Segment Revenue

    The Carlyle Group (CG) generates fee revenue from net portfolio advisory, fund management, and net transaction fees.

    By Raymond Anderson
  • uploads///Analysts Diversified financial services
    Company & Industry Overviews

    Why Analysts Are Bullish on Diversified Financial Services Stocks

    286 analysts cover the 15 stocks in the diversified financial services subgroup of the Financial Select Sector SPDR ETF (XLF).

    By Rebecca Keats
  • uploads///KKR ENI
    Earnings Report

    KKR & Co.: Investment Performance Led to Strong Numbers

    KKR & Co. (KKR) posted strong numbers in 2Q17 on the back of operating fundamentals and investment performance. KKR posted earnings per share of $0.89, beating the analysts’ estimate of $0.67.

    By Raymond Anderson
  • uploads///BAC EPS
    Company & Industry Overviews

    How Did Bank of America Perform in 2016?

    Bank of America reported strong 4Q16 earnings, in line with its guidance. BAC’s management attributed this rise in earnings to its disciplined cost management strategy.

    By Rebecca Keats
  • uploads///XLF fundflows
    Macroeconomic Analysis

    XLF Had Outflows of $30.9 Million

    ETF investors withdrew $30.9 million from the Financial Select Sector SPDR ETF (XLF) during the week ended January 22, 2016. So far in January, the ETF has witnessed outflows of $924 million.

    By Rebecca Keats
  • 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///FISV Revenues
    Company & Industry Overviews

    Did Fiserv Manage to Beat Estimates in 1Q16?

    Fiserv (FISV) reported 1Q16 adjusted EPS (earnings per share) of $1.06 on revenues of $1.3 billion.

    By Rebecca Keats
  • 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///Ch
    Macroeconomic Analysis

    Unum Group Joins Potentially Undervalued Insurance Firms in Rally

    Unum Group is a provider of disability insurance products in the US and the UK. The stock has rallied by 5.48% year-to-date and by 6.18% in just the past month.

    By Rebecca Keats
  • Financials

    Why investor sentiment can show overvaluation in US markets

    While valuation is important, investors should also pay attention to sentiment. The goal is to gauge how – to steal a phrase – “irrationally exuberant” investors have become.

    By Russ Koesterich, CFA
  • uploads///Total Assets All Federal Reserve Banks
    Macroeconomic Analysis

    How will the Federal Reserve go about policy normalization?

    Monetary policy normalization refers to two aspects: the federal funds rate and the Federal Reserve’s balance sheet.

    By David Ashworth
  • uploads///FIS Capital allocation
    Company & Industry Overviews

    Understanding How Fidelity National Information Services Utilizes Capital

    At the end of 2015, Fidelity National Information Services (FIS) had long-term debt of $11.5 billion, nearly double what it had one year previously.

    By Rebecca Keats
  • uploads///Efficiency ratio citi
    Earnings Report

    Citigroup’s Focus on Efficiency Could Boost Its Profitability

    Citigroup’s 2Q15 efficiency ratio was 56% and was 66% in 3Q14. The bank has focused on efficiency through cost controls and exiting low-return segments that led to a lower efficiency ratio.

    By Rebecca Keats
  • 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
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.