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>>>
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The G-7 becomes the G-6 after President Donald Trump proposed to return it to the G-8, Trump and Kim Jong Un prepare for their tete-a-tete in Singapore, and Xi Jinping gets another stage to sell his win-win agenda. Here are some of the things people in markets have been talking about.
G-6 Versus One
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 U.S. dollar edged slightly higher against its main rivals on Wednesday as the British pound fell from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slipped as the Bank of Canada left rates unchanged.
Dont miss: Why currency traders hate their jobs right now
What are currencies doing?
The ICE U.S. Dollar Index
&l;p&g;&l;img class=&q;dam-image bloomberg size-large wp-image-41898988&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/41898988/960×0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Bloomberg
The all sell below their stated book value, a sure sign of just how unwanted they&s;ve become. They languish sadly in the remote, distant land of the very, very low....More>>>
Is another major marijuana merger on the way?
There have already been several big mergers and acquisitions among Canadian marijuana growers over the last couple of years. The biggest deal so far was Aurora Cannabis’ (NASDAQOTH:ACBFF) once-hostile but laterfriendly takeover of CanniMed Therapeutics. Now it seems that Aurora might be itching for an even bigger deal.
We think it’s +53 Bcf for this week’s storage report.
We are keeping our estimate unchanged for the week. If storage injections come in around our figure, year-over-year surplus will decrease by another 43 Bcf. Looking at our current projections, the year-over-year surplus will go away completely by Oct. 14 and go into deficit in the following weeks.
There are several additional....More>>>