|Bid||20.85 x 3000|
|Ask||21.12 x 300000|
|Day's range||25.21 - 25.45|
|52-week range||19.03 - 26.06|
|PE ratio (TTM)||10.89|
|Dividend & yield||0.00 (0.00%)|
|1y target est||26.98|
AllianceBernstein Holding LP is in talks to shift some staff out of New York in the latest example of money managers trying to cut expenses as investors plow money into index-tracking funds with lower ...
AXA announced today that Kevin Molloy has been appointed Head of Investor Relations for AXA US. In a second move, Stephen Scanlon becomes Head of Retirement Plan Services .
AXA Equitable, a leading financial protection company, announced today that Robin M. Raju has been appointed treasurer of AXA Financial, Inc., and Yun “Julia” Zhang has been appointed treasurer of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America .
NEW YORK--(BUSINESSWIRE)-- AXA , a leading financial protection company, today announced a national partnership that provides free online resources for teachers and educators through the New Teacher Center ...
General Atlantic, a U.S. equity investment firm with around $20 billion in assets under management, has hired former AXA head Henri de Castries to help advise it on possible European investment opportunities. ...
AXA, a leading financial protection company, announced that it has received certification as a great workplace following an anonymous, voluntary survey submitted by its US employees to independent analysts at the Great Place to Work® Institute, an authority on workplace culture since the 1980s. “I’m excited that for the second year in a row, AXA US has been designated a Great Place to Work® by the Institute,” said Mark Pearson, chairman and CEO, AXA US.
A group of 79 global investors managing a combined $7.9 trillion have joined forces to encourage companies to provide more information about how they manage their global workforces to help identify best-performing ...
A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are concerns in the financial community that assets are being mispriced because the full extent of climate risk is not being factored in, threatening market stability. As a result, demand is growing from investors, shareholders, lenders, underwriters and the public for more meaningful and transparent climate-related financial information.
British government bond prices extended the previous day's steep losses on Friday, taking two-year yields to their highest since January, as prices tracked European debt lower a day after the Bank of England ...
Britain's economy appeared to be struggling to pick up pace even before Friday's inconclusive election result, with industrial output rising less than expected in April after a poor start to 2017. The combination of a lack of economic momentum and the heightened uncertainty about how Prime Minister Theresa May can advance her plans for Brexit might prompt her new government to relax its grip on spending, some analysts said. Industrial output rose 0.2 percent on the month in April after falling for three months.
Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. Twenty years in the works, the new regulation seeks to make it easier for investors to compare how much insurers like Axa (Paris: FR0000120628 - news) , Prudential (SES: K6S.SI - news) and Generali (EUREX: 566030.EX - news) earn from policies by prising open a "black box" of opaque national practices. Analysts say it will mean billions of euros in compliance costs as insurers ramp up IT systems to recalculate millions of contracts each reporting period.
Italian insurer Generali said it would place more emphasis on its asset management business as it reported its net profit was squeezed due to the ultra-low interest rate environment
Storebrand, Norway's largest private pension fund, on Thursday launched two new fossil-free funds and called on the government to cut the nation's exposure to coal and other fossil fuels. Norway's $900-billion sovereign wealth fund, the world's largest and built on oil and gas revenues, has sought to lead the shift from investment in coal, the most polluting fossil fuel, but it remains heavily exposed to oil and gas. Storebrand CEO Odd Arild Grefstad said getting out of fossil fuel would deliver the highest returns over the longer term, and Norway needed to diversify out of oil and gas as asset values there could suffer if more investors turn their back on them.
The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- French media company Bollore to acquire control of French company ...
A European Union watchdog will cut an interest rate used to price liabilities at euro zone insurers such as Munich Re, AXA (Paris: FR0000120628 - news) and Allianz (Swiss: ALV-EUR.SW - news) , a step that could mean some firms having to hold more capital. The European Insurance and Occupational Pensions Authority (EIOPA) said on Wednesday it would reduce the theoretical interest rate known as the ultimate forward rate (UFR), used to discount an insurer's liabilities over time. Insurers have work out their liabilities from policies going forward up to 60 years, but there are no reliable euro market interest rates extending beyond 20 years, hence the need for regulators to compile an extrapolated rate covering the 40-year gap.
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Liberum's Charlie Campbell downgrades Berkeley to "hold" following good performance and taking into account ...
A mixed bag of economic numbers pushed sterling higher against its major currency peers on Friday, with upbeat foreign investment inflows at the end of last year offsetting another set of warning signs on household spending.
** Paper and packaging co RPC falls 5.6 pct, taking losses in the last two days of Q1 to 13.3 pct following results ** Stock started falling sharply just after the US open on Thursday, losing as much as ...
Royal Bank of Scotland (LSE: RBS.L - news) has nudged up an offer to settle the last of five damages claims by investors over its record 12 billion pound ($15 billion) emergency cash call in 2008, two sources familiar with the situation said on Tuesday. Hoping to avoid a trial that will rake over its near collapse and state bailout, the Edinburgh-based bank is raising its offer to the RBoS Shareholder Action Group, which includes 27,000 private investors, former and current RBS staff and about 100 institutions, by 2 pence per share to 43.5 pence.
Royal Bank of Scotland (LSE: RBS.L - news) (RBS) has offered to pay millions of pounds more to shareholders suing it over the 2008 rights issue which preceded its collapse into Government control. Sky News has learnt that lawyers acting for the bank have in the last fortnight proposed a 43.5p-per-share settlement with the RBoS Shareholder Action Group - the last-remaining claimant seeking redress over its £12bn cash call. The proposal would represent an increased cost to RBS of several million pounds, according to analysts - and is marginally higher than the 41.5p-per-share settlement reached by the bank with four other claimant groups in recent months.
Phoenix Group Holdings (Frankfurt: 36P.F - news) , Britain's largest owner of life assurance funds closed to new customers, plans to buy more such assets, in a market which its chief executive said was worth about 300 billion pounds ($372.3 billion). Clive Bannister's forecast of 300 billion pounds of opportunities in the broader life insurance market tops guidance by insurance heavyweights, with Legal & General (LSE: LGEN.L - news) having estimated the UK market to have 100 billion pounds of closed annuities. Insurer and asset manager Standard Life (LSE: SL.L - news) 's plans to merge with Aberdeen Asset Management (Frankfurt: 899502 - news) in an 11 billion pound deal have triggered speculation Standard Life may sell its closed annuity book.
Royal Bank of Scotland (LSE: RBS.L - news) (RBS) has accelerated talks about a legal settlement with thousands of former investors, weeks before a trial that would see former chief executive Fred Goodwin called to give evidence. Sky News has learnt that RBS's lawyers have been in negotiations with the RBoS Shareholder Action Group during the last 48 hours in a bid to resolve the final remaining claim relating to a £12bn cash call in 2008. Mr Goodwin, along with Sir Tom McKillop, the former RBS chairman, are named alongside the state-backed bank as defendants in the case.
LONDON/MUNICH, March 15 (Reuters) - German reinsurer Munich Re expects a lower profit in 2017 than last year as prices remain weak and it invests in technology, it said on Wednesday, sending its shares towards the bottom of the blue-chip DAX index. "We haven't seen the bottom (of the market) yet," Chief (Taiwan OTC: 3345.TWO - news) Executive Nikolaus von Bomhard told a news conference.