Equities analysts forecast that Opus Bank (NASDAQ:OPB) will report earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Opus Bank’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.45. Opus Bank posted earnings per share of $0.51 during the same quarter last year, which would suggest....More>>>
Most banks try to grow at all costs, even when that’s exactly the wrong thing to do. Being too aggressive in extending credit during an economic boom can crush a lending institution when the good times end. With its extensive exposure to Central and South America as well as the Caribbean, Banco Latinoamericano de Comercio Exterior (NYSE:BLX), also known as Bladex, knows all too well what can....More>>>
Ontario Teachers Pension Plan Board raised its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,808 shares of the company’s stock after buying an additional 4,681 shares during the period. Ontario Teachers....More>>>
The idea was simple: Short the rand against the lira.
It was a trade that became popular in early to mid-2017 as South Africa’s prospects dimmed and Turkey’s looked as if they were improving. Bank of America Corp. and JPMorgan Chase & Co. were among the Wall Street banks that recommended it to their clients.
And for a while, it worked, especially after former South....More>>>
Gol Transportes A茅reos (NYSE:GOL) shares traded down 5.4% on Monday . The company traded as low as $9.72 and last traded at $9.75. 524,965 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 374,811 shares. The stock had previously closed at $10.31.
A number of research analysts have weighed in on the stock. Bank of America lowered shares of....More>>>
The largest U.S. banks, after a decade of efforts at simplifying their organizational structure, still have hundreds of overseas subsidiaries and a fondness for tax-haven or secrecy-protecting locations such as the Cayman Islands.
Those are the findings of a study by the Federal Reserve Bank of New York published on Monday, comparing the subsidiaries of the 50 largest banks in 2007 and 2017.....More>>>
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Wells Fargo & Co. customers accused the bank in a lawsuit of forcing them to pay for unnecessary auto insurance that drove some of them so far into a financial spiral that their vehicles were repossessed.
One of the Federal Reserve’s most senior officials and his incoming successor both said that overshooting the U.S. central bank’s 2 percent inflation target for a time is nothing to worry about because the central bank has been below the goal for so long.
“I’ve said it many times: being a little above 2 percent after being below 2 percent for many, many years is....More>>>
Bankrupt retailer Toys “R” Us may shut all its US stores as soon as next week, according to several reports.
That’s terrible news for the two biggest publicly traded toy companies. Investors are clearly preparing for the worst. Shares of Hasbro (HAS) fell 3.5% Friday morning while Mattel (MAT) plunged 7%.
Smaller toy company Jakks Pacific (JAKK) fell nearly 5%....More>>>
Today, I (Porter) am going to introduce a new financial term… I've been thinking about this a while… it's a term that describes the modern economy's fondness for central banks, paper money, huge debts, and financial bubbles. I call it the "Escher Economy." I hope you'll read carefully. Remember… there's no such thing as teaching,....More>>>