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The Federal Reserve may raise interest rates from their historic lows of 0.25% toward their historical average of 5%.
The Charles Schwab Corporation
TD Ameritrade Holding Corporation
Fifth Third Bancorp
E*TRADE Financial Corporation
SVB Financial Group
Regions Financial Corporation
Prosperity Bancshares, Inc.
East West Bancorp, Inc.
First Financial Bankshares, Inc.
BOK Financial Corporation
Glacier Bancorp, Inc.
International Bancshares Corporation
Independent Bank Group, Inc.
Hanmi Financial Corporation
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
Over the short term, markets are likely to bounce in a range, but as long as new cases don’t significantly strain the health care system, and Americans don’t lose their nerve and return to hunkering down at home, Evercore ISI’s Dennis DeBusschere thinks markets could be in for a “sharp rebound.”
A look at the shareholders of Comerica Incorporated (NYSE:CMA) can tell us which group is most powerful. Insiders...
Schwab (SCHW) closes the buyout of Wasmer Schroeder, thus enhancing its fixed-income capabilities.
Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of federal and state laws by certain officers of the companies listed below.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Second Quarter 2020 Earnings Announcement, scheduled before the market opens on Wednesday, July 29, 2020, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team.
TD Ameritrade (AMTD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SIVB vs. FRC: Which Stock Is the Better Value Option?
AMTD vs. TW: Which Stock Is the Better Value Option?
The market has had an astounding 2020 so far, and nowhere was this more true than in the tech sector. People are using tech more than ever in all facets of life. That, in turn, is powering a huge run in tech stocks. Yet the exchange where all this is happening, the Nasdaq (NASDAQ:NDAQ), is barely up. In fact, Nasdaq stock is essentially flat since February.Source: Shutterstock In a gold rush, there's great money to be made selling mining equipment. Similarly, if you're going to have a boom in growth companies, Nasdaq is going to get its share of the pie.Historically, it certainly has. The Nasdaq's earnings have more the doubled over the past six years as stocks have rallied. And now, with tech making another surge higher to record levels, it's an ideal time to get long the stock exchange where the magic is happening.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nasdaq: It's More Diversified Than You RealizeAt first glance, you might assume that Nasdaq is a simple business. It earns money from companies that list on the exchange, right? And yes, that's true. However, it does far more than that.In fact, the Nasdaq has four major revenue streams. According to its latest annual report, the largest segment, market services, accounts for just 36% of revenues. You also have information services at 31%, corporate services at 20%, and market technology bringing in the other 13%. That's an outstanding level of internal diversification. * 7 Utilities Stocks to Buy With Reassuring DividendsA stock exchange such as Nasdaq gets paid from activities that facilitate trading, from corporate events such as initial public offerings, and also information services such as selling data to brokerages and trading firms. On top of that, Nasdaq has built an ancillary business selling related financial technology and service products.The most exciting of the bunch right now is the data business. The Nasdaq (and the other stock exchanges) are arms dealers in the ever-escalating war among different algorithmic trading shops and high frequency trading firms.These active traders need the best data and are willing to pay heavily for it. That data, in turn, is a natural monopoly, as there are very few national stock exchanges, and Nasdaq in particular has a bunch of proprietary data. The Core Business Is Humming AlongWhile data is obviously a hot market right now, given the rise of high frequency trading, the core market services business is also good. Just look around. The Nasdaq composite just hit a new all-time high a few weeks ago, despite the coronavirus.It's not hard to see why, as tech stocks are flying. Cloud and software-as-a-service are particularly in favor; many names in those sectors have doubled or more since the March lows.This is good for bringing more trading activity and other related business. And that's not all. Don't forget that a major reason capital markets exist, after all, is to raise money for companies. When markets are booming that means you're going to see far more IPOs and also secondary offerings in existing equities.Who gets paid when a new tech stock sells its shares to the public? If you said the Nasdaq's shareholders, you're catching on. Nasdaq Stock Is Attractively PricedIt's not hard to find solid growth companies in the current marketplace. In fact, with all the problems that many other sectors are having, investors are rushing into the technology sector. However, it's much rarer to find a reasonably priced growth stock today.However, Nasdaq stock is still available at a fine price. Nasdaq earned $4.63 a share in 2019, and analysts forecast that it would earn more than $5.50 in 2020. We'll see if that comes through or not, given the economic shock. In any case, shares have a forward price-earnings ratio in the low 20s. That's a great level for Nasdaq. Consider that Nasdaq has grown its earnings 14% per year compounded over the past 10 years.Nasdaq has also been a massive dividend growth machine. The company initiated its dividend in 2012 at 39 cents a share per year. Since then, it has more than quadrupled its dividend, as it paid out $1.85 per share last year. With a payout ratio of less than 40%, there's more room for outsized dividend growth -- particularly if the 14% per year EPS growth rate continues as well. Nasdaq Stock VerdictNasdaq is an excellent opportunity at current prices. In fact, it's worth asking why the stock price isn't higher already, given the compelling growth rate.I suspect Nasdaq is undervalued now because investors are falsely comparing it to brokerages. The brokers have gotten into a pricing war, with commissions falling to $0 per trade at many places. This has caused stocks like Charles Schwab (NYSE:SCHW) to underperform.In theory, trading and data fees for the stock exchanges could plummet as well. In practice, this is unlikely as it is far harder to create new stock exchanges that have critical mass. The entrenched players have economic motive to preserve the status quo.Additionally, some investors fear that Fintech start-ups will disrupt the stock exchanges. So far, however, most start-ups aimed at finance have failed to transform existing systems. Things such as credit card companies, which were supposed to be obsolete by now, instead keep making record profits.Long story short, Nasdaq is riding two big waves going forward. The first is a fundamental rise in financial sophistication. Traders are using more and more data, and they have to buy it from a few select vendors, including Nasdaq.The second is that tech stocks are booming. And that may continue for quite a while as the economy reshapes itself in a post Covid-19 world.All that adds up to record earnings for Nasdaq and a stock price that will keep moving higher.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. At the time of this writing, he owned NDAQ stock. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Buy Nasdaq Stock As the Tech Boom Accelerates appeared first on InvestorPlace.
TULSA, Okla., July 02, 2020 -- BOK Financial Corporation (NASDAQ: BOKF) announces that financial results for the second quarter of 2020 will be released before market open on.
First Horizon National Corp. ("First Horizon") (FHN) and IBERIABANK Corporation ("IBERIABANK") (IBKC) today announced completion of their previously announced all-stock merger of equals. The combined company, with $79 billion in assets, $60 billion in deposits and $58 billion in loans as of March 31, 2020, will be headquartered in Memphis, Tennessee and operate under the First Horizon name. “The completion of this merger marks a significant milestone for our clients, associates, shareholders and communities,” said Bryan Jordan, President and CEO of First Horizon.
Shareholder rights law firm Robbins LLP reminds investors that it is investigating Fifth Third Bancorp (NASDAQ: FITB) for alleged violations of the Securities Exchange Act of 1934 and whether the Company's officers and directors breached their fiduciary duties to shareholders. Fifth Third operates as a diversified financial services company in the United States.
KALISPELL, Mont., July 01, 2020 -- Glacier Bancorp, Inc. (Nasdaq GS: GBCI) will report second quarter financial results after the market closes on July 23, 2020. A conference.
The Charles Schwab Corporation ("Schwab") announced that it has completed its asset acquisition of Wasmer, Schroeder & Company, LLC.
BancorpSouth Bank (NYSE: BXS) will release second-quarter 2020 earnings on Monday, July 20, 2020, after the close of the financial markets. It will also hold its regularly scheduled webcast Tuesday, July 21, 2020, beginning at 10:00 a.m. CDT.
E*TRADE Financial Corporation (NASDAQ:ETFC) today released the data from its monthly sector rotation study, based on the E*TRADE customer net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.
Comerica Bank's Texas Economic Activity Index decreased in April to 127.5. April's index reading was 32 points, or 34 percent, above the index cyclical low of 95.5. The index averaged 139.2 points for all of 2019, 3.8 points above the average for 2018. March's index reading was revised to 140.0.
Comerica Bank's California Economic Activity Index declined in April to a level of 109.1. April's reading was 12 points, or 11 percent, above the index cyclical low of 97.8. The index averaged 124.4 points in 2019, 0.5 points above the average for all of 2018. March's reading was to 122.2.
Comerica Bank's Michigan Economic Activity Index declined in April to a level of 103.0. April's reading is 5 points, or 5 percent, above the index cyclical low of 97.9. The index averaged 117.7 points for all of 2019, 0.9 points below the index average for 2018. March's index reading was 114.5.
Charles Schwab and TD Ameritrade have similar features and product offerings for investors and traders at all levels.
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