If Investment Banks Know Financial Markets So Well, Why Are Their Stocks So Low?
It may come as a shock, but out of the 10 largest investment banks by assets, only one of them has outperformed the S&P 500 since bear market bottom on March 6, 2009.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
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Ventas Gears Up for Secondary Offering
Ventas Inc. (NYSE: VTR) announced the pricing of its secondary offering recently. The company values its 9 million share offering up to $649 million in terms of gross proceeds. There is also an overallotment…
How the Top US Money Center Banks Are Responding to the Brexit
Watching the massive fallout and then recovery within broad markets, we are beginning to realize that the Brexit provided a very attractive entry point into a fair number of industries. Granted, the Brexit did pull…
6 Impressive Bank Dividend and Buyback Hikes After Fed-CCAR Results
It was just last week that investors learned that all of the major banks were shown to have passed their Federal Reserve stress tests. Now the capital return plans (CCAR) have been approved as…
Apollo Global Makes Tender Offer for Diamond Resorts
Diamond Resorts International, Inc. (NYSE: DRII) is watching its shares make a handy gain in Wednesday’s session after it was announce that the company will be acquired by Apollo Global Management (NYSE: APO). The…
CIBC Moves to Acquire PrivateBancorp
PrivateBancorp, Inc. (NASDAQ: PVTB) is making a solid gain on Wednesday following its most recent deal to be acquired. The company has entered into a definitive agreement to be acquired by Canadian Imperial Bank…
Sovereign Debt With Negative Yields Now Tops $11.7 Trillion
The demand for safe-haven trades is becoming almost zany. It seems unthinkable that there was nearly $10 trillion in sovereign debt with negative yields just a few weeks ago. Now the tally for negative…
Have Online Brokers Been Overly Punished Around Brexit and Rates Being Lower For Longer?
Many investors have been complaining for years that it is just too hard to make money off of their investment money. The same has become equally true for the online brokerage stocks. It is…
Lending Club Fires 179 Staff, Names New CEO, Chairman
Peer-to-peer loan maker LendingClub Corp. (NYSE: LC) announced Tuesday morning that it has named a new CEO, a new chairman of the board, and that it will cut 179 jobs. The troubled lender’s annual…
S&P Downgrades United Kingdom To “AA”
It has been expected since Brexit that the credit rating agencies would chop the “AAA” rating of the United Kingdom. That happened today, and S&P cut its UK rating to “AA”. To make matters…
GE Sells Off More Financial Assets, Sales Closer to Completion
General Electric Co. (NYSE: GE) keeps selling financial assets. What may be different now versus in 2015 is that the size of each deal seems smaller and smaller. Investors and employees of GE may…
Loan Cap Appeal Rejected by US Supreme Court
The U.S. Supreme Court on Monday refused to hear an appeal from a branch of the Encore Capital Group Inc. (NASDAQ: ECPG) to stop a class-action lawsuit against the firm which had claimed that…
People’s United Financial Moves to Acquire Suffolk Bancorp
Suffolk Bancorp (NYSE: SCNB) saw its shares rise over 25% on Monday morning following an acquisition agreement with People’s United Financial Inc. (NASDAQ: PBCT). The companies announced a definitive agreement where People’s United will…
6 Financials That Are Still Getting Nailed By the Brexit Vote
The market reaction to the British vote to leave the European Union has been catastrophic, not just in the U.S. markets but globally everything has pulled back. Perhaps the hardest hit sectors were the…
US Banks Drop Nearly 8% On Brexit
The largest U.S. banks had a rough day Friday following the U.K. vote to leave the European Union. The average share price loss for the country’s six biggest banks was 7.59%. The unexpected result…