Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee February 14, 2017 in Washington, DC. Yellen testified on the topic of on ‘The Semiannual Monetary Policy Report to Congress.’ (Photo by Win McNamee/Getty Images)
All signals suggest that The Federal Reserve will increase rates this week, traders suggest there’s a 90% probability.
Since the last hike in December (from 0.25% to 0.5%), the labor market has strengthened and economic activity has been improving. Last week the Labor Department said that the U.S. employers added 235,000 jobs in February and the unemployment rate dipped to 4.7% from 4.8%.
The biggest challenge for Real Estate Investment Trust (REIT) investors with respect to interest rates is that while bond yields change quickly, changes in real estate fundamentals take time to work through the system. As Tom Bohjalian, Executive Vice President and Head of U.S. Real Estate with Cohen & Steers explains,
Top 10 Bank Stocks To Watch Right Now: Wells Fargo & Company(WFC)
- [By Craig Jones]
On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Wells Fargo & Co (NYSE: WFC).
- [By SEEKINGALPHA.COM]
The US financial sector has been on a solid run of late. Over the last 12 months the S&P 500 Financials Sector has returned 18.9% relative to the S&P 500 Index of 17.9%. Many analysts have formed the view that with the potential for higher market interest rates, this sector has a long runway ahead. So with this in mind I thought that it would be a good time to update my estimates of the intrinsic value of the 3 major diversified banks. Over a series of 4 articles I will value JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC). In this first article I will set the scene by reviewing the performance of the 3 banks over the last 10 years and compare their current performance to the Sector.
- [By Dan Caplinger]
Wells Fargo (NYSE:WFC) did an exceptionally good job of making it through the financial crisis in 2008 with minimal damage, weathering the turbulence in its stock price and rising to all-time record highs in the early and mid-2010s. Along the way, Wells Fargo also sought to regain its standing as a strong dividend stock, and it has successfully restored its quarterly payout to levels above what it had paid prior to the crisis. Yet recently, the bank has run into controversy with a scandal involving employees opening fake accounts, and Wells Fargo’s most recent earnings weren’t as strong as the company has seen in the past. Some investors are wondering whether the bank’s track record of dividend increases since the financial crisis could be in jeopardy. Let’s look more closely to whether Wells Fargo will raise its dividend in 2017.
Top 10 Bank Stocks To Watch Right Now: First Commonwealth Financial Corporation(FCF)
- [By SEEKINGALPHA.COM]
The last year Netflix generated positive free cash flow (FCF), was 2010, which happens to coincide with the year it began significantly increasing its content library, per Figure 2 above. Since then, Netflix has burned through cumulative $3.6 billion in cash, per Figure 3, and the cash burn is only accelerating. In 2015, NFLX’s FCF sat at -$1.6 billion, and over the last twelve months, FCF has worsened to -$1.9 billion.
Top 10 Bank Stocks To Watch Right Now: Canadian Imperial Bank of Commerce(CM)
- [By Logan Wallace]
Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.
Top 10 Bank Stocks To Watch Right Now: Ampco-Pittsburgh Corporation(AP)
- [By ]
New York (AP) — Tom Petty died last year because of an accidental drug overdose that his family said occurred on the same day he found out his hip was broken after performing dozens of shows with a less serious injury.
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Kabul, Afghanistan (AP) — A Taliban assault on the Intercontinental Hotel in Afghanistan's capital killed at least six people, including a foreigner, and pinned security forces down for more than 13 hours before the last attacker was killed on Sunday, with the casualty toll expected to rise.
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Anchorage, Alaska (AP) — A magnitude 8.2 earthquake off Alaska's Kodiak Island prompted a tsunami warning for a large swath of coastal Alaska and Canada's British Columbia while the remainder of the U.S. West Coast was under a watch.
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Mexico City (AP) — A powerful magnitude-7.2 earthquake shook south and central Mexico Friday, causing people to flee swaying buildings and office towers in the country's capital, where residents were still jittery after a deadly quake five months ago.