|Bid||36.54 x 100|
|Ask||36.54 x 100|
|Day's range||36.48 - 36.65|
|52-week range||27.46 - 36.84|
|PE ratio (TTM)||16.30|
|Forward Dividend & Yield||1.16 (3.21%)|
|1y target est||N/A|
General Motors stock has a rare combination of a breakdown valuation and zippy price momentum. That is, it trades at eight times forward earnings estimates, making it less than half as expensive as the ...
Modest loan growth and higher rates to aid BNY Mellon's (BK) NIR in Q3. Also, a year-over-year improvement in fee revenues should aid top-line growth.
JPMorgan Chase (JPM) reported better-than-expected earnings this morning--though you wouldn't know it from looking at its stock price. And its results might also portend solid earnings from asset managers ...
Invesco (IVZ) ended higher on Wednesday, after it reported September assets under management. Invesco said that it its AUM grew 1.2% month over month to $917.5 billion, putting the third-quarter increase to 6.9%. Wells Fargo's Christopher Harris and his team write that that figure was above their expectations, and that it is in part why they are raising their third-quarter earnings per share estimate by three cents, to 67 cents, two pennies above consensus.
Invesco (IVZ) witnesses a rise of 1.2% in its AUM for September, driven by higher Money Market AUM and favorable market returns.
The approach these investors are taking is known as “factor investing”, which breaks down the elements of a security or investment strategy to identify what is driving its performance.
Sovereign-wealth funds and insurers are looking to allocate more money to so-called smart-beta funds and other quantitative strategies over the next five years as they seek better returns for less risk, ...
Invesco, the No. 4 player in the hugely lopsided exchange-traded fund industry, has been steadily eyeing potential deals. On Thursday the firm said it would buy Guggenheim Investments’ $37 billion ETF business for $1.2 billion. “It’s possibly the worst-kept secret in the world,” Marty Flanagan, CEO of Invesco, told Barron’s with a laugh in an exclusive interview just before the announcement.
Stocks that moved substantially or traded heavily Friday: Finish Line Inc., up 37 cents to $12.03 The New York Post said the sporting goods retailer is in talks to sell itself to British company Sports ...
Invesco announced that it would acquire Guggenheim Investments' exchange-traded fund business for $1.2 billion after the market's close on Thursday. Barron's got the scoop, though, the deal was not exactly a secret. Invesco shares (IVZ) are up 1.7% to around $34.88 as of Friday afternoon. Analysts see positive aspects of the deal, but generally seemed to have mixed feelings. William Blair's Chris Shutler, Credit Suisse's Craig Siegenthaler, Morgan Stanley's Michael Cyprys sound off below: Shutler: ...We do not expect the factor-based (i.e., smart beta) ETF space to be immune from pricing pressure forever, and the S&P equal weighted funds in particular look expensive relative to market cap weighted peers, despite the fact the underlying indices are no more proprietary or difficult to calculate.
The world's fourth-larggest ETF manager could the deal on Thursday, the Financial Times reported, citing sources.
Markets are back to favoring Wall Street stocks over Main Street stocks as financials boom and retail are pulverized.
Sovereign investors are raising their property exposure at the expense of low-yielding bonds in an attempt to boost returns, but Brexit is seen as a significant negative for all UK investments, a study by asset manager Invesco (Frankfurt: 3IW.F - news) showed. The annual report, published on Monday and based on interviews with 97 sovereign wealth funds, state pension funds and central banks with assets in excess of $12 trillion, found sovereign investors underperformed their target returns by 2 percentage points on average over the past year.
The asset management giant which operates in the UK under the Invesco Perpetual brand is plotting a $500m takeover of Source, a London-based funds provider. Sky News understands that Invesco (Frankfurt: 3IW.F - news) is one of two remaining bidders for Source, which is jointly owned by the private equity firm Warburg Pincus and a group of investment banks including Goldman Sachs (NYSE: GS-PB - news) and JP Morgan. Invesco and the other, unidentified, bidder are said to be in advanced talks with advisers to Source, and a deal could be struck within days.