Top Stock Reports for Berkshire Hathaway, Salesforce & Schwab
Акции финансового сектора и ретейлеров США растут на фоне ожидания налоговой реформы, а также высоких продаж в преддверии Рождества. Но если реформа не будет принята до конца года, этот рост завершится серьезной коррекцией
Investors' optimism on expectations of improved earnings performance on the back of lower taxes has driven banking stocks higher.
With the sale of its insurance premium finance subsidiary, SunTrust (STI) plans to focus on improving Wholesale Banking operations.
SunTrust Banks (STI) is experiencing a declining trend in expenses. However, significant exposure to commercial and residential loans remains a concern.
Goldman Sachs Mid Cap Value C Fund (GCMCX) seeks to provide growth of capital in the long run.
Banks' decent Q3 financial performance cheered investors and stocks indicated a bullish stance over the last five trading days.
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SunTrust (STI) inked a deal to divest its commercial lines insurance premium finance subsidiary to focus on core Wholesale Banking operations.
Quite a few U.S. banks are likely to face billions of dollars of loan losses because of hurricanes Harvey and Irma.
Banks' Q2 performance has been decent but underlying weaknesses weighed on the results.
These stocks are likely to report mixed results in terms of beating estimates. Lower fee income and sluggish loan growth witnessed by the banking industry are expected to partially offset rates hike benefits in Q2 earnings.
KeyCorp's (KEY) Q2 earnings reflect continued synergies from the First Niagara deal. However, provisions increased in the quarter.
BNY Mellon's (BK) Q2 earnings beat reflects improvement in revenues and benefit from provisions.
Alleviated margin pressure and decent loan growth should result in higher interest income for SunTrust (STI) this earnings season.