On Tuesday after the market closed, Wells Fargo & Company (WFC) released a statement that its board of directors approved an increase to the quarterly common stock dividend - much to the delight of investors. The company was already paying a quarterly dividend of $0.30, but the company has raised that up to $0.35 [...]
by Leslie N. Masonson, MBA Blackstone Inc., a NYSE-listed firm (BX), founded in 1985 by Stephen A. Schwarzman and Peter G. Peterson, went public in 2007. It is headquartered at 345 Park Avenue in New York City, with a workforce of nearly 4,700 and revenues of $7.3 billion, and a market-cap of $132 billion. [...]
While the financial services industry as a whole is struggling right now - no thanks to the SVB run - there is a single company that is struggling more than others: Charles Schwab (SCHW). The stock has dropped another 12% in the past week and shows no signs of slowing down anytime soon. CFO [...]
After a brutal last few trading sessions for First Republic Bank, it appears the road to recovery may be underway - as the stock is up 50% so far Tuesday. This came after the company witnessed share prices tank down to under $20 a share Monday for the first time in more than 5 [...]
Chubb Limited (CB:NYSE) is the global leader, and largest publicly traded provider of property and casualty insurance in the world, as well as provider of reinsurance, health, accident, and life insurance with operations in 54 countries and territories. The company headquarters is based in Zurich, Switzerland and there are 34,000 employees with annual revenues [...]
Silvergate (SI) experienced an abysmal day of trading Thursday after announcing on Wednesday that its annual report is going to be delayed further than expected - after already announcing they’ll miss the deadline of March 16. The bank has had as brutal a year as one can imagine, with shares falling an astounding 96% [...]
Interactive Brokers (NASDAQ:IBKR) is a highly automated global broker that offers low-cost seamless access to multiple asset (stocks, options, futures, forex, commodities, bonds, crypto, mutual funds and ETFs) to its two million client accounts composed of individuals, institutions, introducing brokers, and financial advisors. The firm operates in over 150 market centers in 33 countries [...]
When we last wrote about SoFi, the stock was rated a sell with poor safety and timing. Insiders at the company were purchasing up shares despite what looked to be a tumultuous time at the company. But since then, SoFi has gained over 53% - and looks to have a solid trend with momentum [...]
The fourth quarter of the year was strong for JP Morgan Chase & Co. (JPM). The company exceeded analyst expectations, and even beat out its own performance in the 4th quarter last year - despite unfavorable economic conditions. The quarterly earnings came in at $3.57/share, exceeding the anticipated earnings of just $3.11/share. This was [...]
Recently, SoFi CEO Anthony Noto purchased 1.1 million company shares for a total purchase price of $5 million. Seeing as the stock sits at its lowest point since going public, investors are wondering if he knows something we don’t - or if this is merely a desperate attempt to turn things around. One thing [...]
