106.46 +0.10 (0.09%)
After hours: 6:48PM EDT
|Bid||106.43 x 2200|
|Ask||106.46 x 800|
|Day's range||106.11 - 108.34|
|52-week range||95.95 - 119.33|
|Beta (3Y monthly)||1.14|
|PE ratio (TTM)||13.20|
|Earnings date||15 Jan 2019|
|Forward dividend & yield||3.20 (2.97%)|
|1y target est||122.63|
The sixth-straight monthly drop in sales, the longest streak since 2014, underscores what’s now a challenging time in the real estate market for buyers. The drag from higher mortgage rates is “likely to weigh on the existing home sales data in upcoming reports over the next several months,” Daniel Silver, an economist at JPMorgan Chase & Co., said in a note. Rising prices are also keeping homes unaffordable, particularly for first-time buyers.
Top business executives, U.S. and European officials and others have distanced themselves from Saudi Arabia over the disappearance and killing of dissident journalist Jamal Khashoggi, with many canceling their attendance at this week's investment conference that the kingdom had hoped to use to boost its global image.
Reversing earlier denials of involvement in Jamal Khashoggi’s disappearance on Oct. 2, Saudi authorities said Saturday an initial probe showed that the Washington Post contributor was killed after “discussions” at the consulate turned physical. Khashoggi died after he was placed in a choke hold, a person with knowledge of the Saudi probe said. King Salman removed a top adviser to Crown Prince Mohammed bin Salman and prosecutors detained 18 people involved in the case.
Vox Utility Token Offering of $35 Million to Expand Internet Phone App in Emerging Markets By John Jannarone At last, a cryptocurrency offering that looks more a business than a gimmick. Swiss technology company Horizon Globex is currently offering up to $35 million in security tokens to fund the international rollout of an existing Internet […]
The big four banks have low direct exposure to a slowing Chinese economy, but the interconnectedness of the global economy means that the banks still face a lot of secondary risk.
Steven Mnuchin, the US Treasury secretary, will not attend the Future Investment Initiative conference in Saudi Arabia, amid growing international furore over the disappearance of journalist Jamal Khashoggi ...
Top business executives are distancing themselves from Saudi Arabia over the disappearance of dissident journalist Jamal Khashoggi, with many canceling their attendance at an upcoming investment conference that the country had hoped to use to boost its global image.
Shares of US stock exchanges fell after regulators sided with banks and took aim at the fees the exchanges charge for valuable data on the world’s biggest equity market. , saying they could not justify previous increases in fees for lucrative streams of market data — an increasingly contentious resource.
ISTANBUL (AP) — Police searching the Saudi Consulate found evidence that Saudi writer Jamal Khashoggi was killed there, a high-level Turkish official said Tuesday, and authorities appeared ready to also search the nearby residence of the consul general after the diplomat left the country.
(Bloomberg) -- As earnings season for the biggest U.S. banks wrapped up on Tuesday, the benefits to Wall Street of rising interest rates and a healthy economy became clear.
Both Goldman Sachs and Morgan Stanley reported higher earnings with some help from a strong IPO market, just as both companies prepare to court Uber for a monster public offering.
Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report. The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuation proposals from Goldman Sachs and Morgan Stanley. There is no guarantee Uber will fetch that valuation, or go public soon.
The stock decline this year has been “bewildering” in light of a series of strong quarterly results, CEO James Gorman says. That may now change.
The nation’s weighted-average yield needs to drop to about 2.63 percent from 3.21 percent for it to exit the danger zone, Richard McGuire, head of rates strategy at Rabobank, told asset managers in meetings in Madrid last week. “Unless you can somehow re-establish credibility, there’s this vicious circle now,” Richard McGuire, head of rates strategy at the Dutch bank, said in an interview. Of course, the scenario only plays out gradually, as the government begins to refinance at elevated yields and thereby tests the pain threshold.
Investment banking revenues rose 14 per cent to $1.5bn, well ahead of Wall Street forecasts. Equity underwriting was particularly strong at $441m, 60 per cent higher than the year earlier. Fixed income underwriting grew 15 per cent.
The decision comes as the exchanges face tough scrutiny from the US regulator over how they operate, with a SEC commissioner recently delivering a strong rebuke of not only the way exchanges sell and distribute market data, but also their dual role as regulatory bodies and for-profit companies. Jay Clayton, the SEC’s chairman, said the regulator’s decision did not mean the fees were too high.
Neoen, the French renewable energy company, has successfully launched the first large initial public offering in France this year. “The offering currently amounts to approximately €628m, making it the largest capital raise on Euronext Paris in the last 16 month,” added Neoen.
ISTANBUL (AP) — The Latest on the disappearance of a Saudi writer who Turkish officials fear was killed inside the Saudi Consulate in Istanbul (all times local):
Several high-profile speakers and sponsors have pulled out of the Future Investment Initiative conference in Riyadh amid outrage over the disappearance of Saudi journalist Jamal Khashoggi. The withdrawals from the event, dubbed “Davos in the Desert”, range from Jamie Dimon, chief executive of JPMorgan Chase, to Bill Ford, chairman of Ford.
WASHINGTON (AP) — President Donald Trump suggested Monday that "rogue killers" could be responsible for the mysterious disappearance of Saudi journalist Jamal Khashoggi, an explanation offering U.S. ally Saudi Arabia a possible path out of a global diplomatic firestorm. The Saudis continued to deny they killed the writer, but there were indications the story could soon change.
Unusually divergent results from major rivals in recent days make it harder for investors to anticipate what the figures from Goldman Sachs and Morgan Stanley will look like early Tuesday morning. Might they follow JPMorgan Chase & Co. in missing analysts’ estimates -- or Citigroup Inc., which saw its shares jump on higher-than-expected revenue from fixed-income products? Some analysts studying the numbers say they see bright spots -- such as commodities trading and equities issuance -- that could bode well for Goldman Sachs and Morgan Stanley.