Overall, big banks had a good 2017 with solid results. However, investors are bracing for banks to record big one-off charges in the final quarter related to the overhaul of U.S. tax rules.
Goldman Sachs (GS) was the first big bank to announce a hit to profits in 2017 from a new so-called "repatriation tax."
Congress expects the new one-off tax on overseas profits will bring in an estimated $339 billion over time.
Companies expect the tax reform as a whole to be beneficial in the long run but there could be short term pain.
BlackRock (BLK) is also due to report earnings before the market opens.
2. Surging stocks: U.S. stock futures are pointing up again, indicating the major indexes will hit fresh record highs on Friday.
The Dow Jones industrial average, S&P 500 and Nasdaq have been on a big winning streak since President Trump's election in November and have been hitting new highs nearly every day of 2018.
Hot Gold Stocks To Own For 2019: James River Group Holdings, Ltd.(JRVR)
Advisors' Opinion:- [By Max Byerly]
James River Group (NASDAQ:JRVR) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
- [By Shane Hupp]
Sei Investments Co. cut its stake in James River Group Holdings Ltd (NASDAQ:JRVR) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,931 shares of the insurance provider’s stock after selling 3,599 shares during the period. Sei Investments Co. owned about 0.17% of James River Group worth $2,040,000 as of its most recent SEC filing.
- [By Max Byerly]
James River Group Holdings Ltd (NASDAQ:JRVR) has been given an average rating of “Buy” by the seven research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $44.00.
- [By Shane Hupp]
Comerica Bank lifted its stake in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 318.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 119,204 shares of the insurance provider’s stock after buying an additional 90,695 shares during the quarter. Comerica Bank owned 0.40% of James River Group worth $4,708,000 as of its most recent filing with the SEC.
- [By Shane Hupp]
James River Group (NASDAQ: JRVR) and Cincinnati Financial (NASDAQ:CINF) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, risk, dividends, analyst recommendations, profitability, earnings and valuation.
- [By Joseph Griffin]
James River Group (NASDAQ:JRVR) and Conifer (NASDAQ:CNFR) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, earnings, profitability, analyst recommendations, risk, institutional ownership and dividends.
Hot Gold Stocks To Own For 2019: HP Inc.(HPQ)
Advisors' Opinion:- [By Leo Sun]
HP (NYSE:HPQ) is the biggest PC maker in the world. Many have claimed that smartphones and tablets would kill the PC market, yet IDC recently reported that PC sales rose nearly 3% annually during the third quarter -- marking the strongest growth in six years.
- [By Leo Sun]
Despite those challenges, the global cloud gaming market could grow from $649 million to $3.25 billion between 2016 and 2022, according to Research and Markets. Four big companies could be well-poised to profit from that growth: Sony (NYSE:SNE), NVIDIA (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and HP (NYSE:HPQ).
- [By ]
Between 2011 and 2014, HP (NYSE: HPQ) downsized its labor pool by 85,000 people. Those layoffs reflected decreased demand for the company's PCs and printers. Indeed, annual sales fell markedly over that time frame -- and the stock tumbled.
- [By Stephan Byrd]
HP (NYSE:HPQ) has been given a $28.00 target price by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the computer maker’s stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 26.35% from the stock’s current price.
Hot Gold Stocks To Own For 2019: Safety Insurance Group Inc.(SAFT)
Advisors' Opinion:- [By Max Byerly]
Safety Insurance Group, Inc. (NASDAQ:SAFT) Director Frederic H. Lindeberg sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $88.36, for a total value of $176,720.00. Following the completion of the sale, the director now directly owns 16,000 shares of the company’s stock, valued at $1,413,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
- [By Jordan Wathen]
The second quarter is usually one of Safety Insurance Group's (NASDAQ:SAFT) best, as warming weather means lower insurance losses for this Massachusetts-based property and casualty insurance company. But this year, this seasonally strong period was especially good, helping Safety earn $26.8 million, a 27% improvement over the year-ago period.
- [By Logan Wallace]
Amerisafe (NASDAQ: SAFT) and Safety Insurance Group (NASDAQ:SAFT) are both small-cap finance companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, valuation, earnings, profitability, institutional ownership, risk and dividends.
- [By Stephan Byrd]
Arizona State Retirement System reduced its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) by 7.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,220 shares of the insurance provider’s stock after selling 1,760 shares during the period. Arizona State Retirement System’s holdings in Safety Insurance Group were worth $1,898,000 at the end of the most recent reporting period.
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