The Financial sector is one of client’s overweights and it’s lagged the SP 500 badly all year. Up just 2% YTD, versus the roughly 8% total return for the SP 500, banks and brokers have been pretty punk, with the … Continued
With the roll into the April ’17 quarter, the forward 4-quarter estimate has increased from last week’s $130.98 to this week’s $135.14. The forward 4-quarter estimate now covers the period from Q2 ’17 through Q1 ’18, while the Street obsesses … Continued
A friend of mine was driving from Chicago to Springfield, Illinois, 4 – 5 years ago, during one of the famous Illinois winter cold-snaps, in his big, honking, 4-door Lexus, and he hit some black ice on I-57 about halfway … Continued
Because of the quarterly bump into the July quarter, (and, according to Thomson Reuters), the forward 4-quarter estimate this week rose to $126.77, or $3.80 higher than last week’s $122.97. Here is last week’s Weekly Earnings Update, which talks about … Continued
While we are still long JP Morgan (JPM), Bank of America (BAC) and Wells Fargo (WFC), within client accounts we sold our Goldman Sachs (GS) in January ’14 at roughly $171 – $172 as well as our XLF (Financial ETF) … Continued
In 2011, the SP 500 earnings grew 15% year-over-year, but the SP 500 corrected 20% from the spring through early October, 2011. The p.e compressed from 13(x) to 11(x) from the first week of January, 2011 to the first week … Continued
With the roll into the new quarter, the “forward 4-quarter” estimate (Per Thomson Reuters) increased $4.12 this past week to $122.77 from last week’s $118.65. This bump or increase is normal or expected, although $4.12 is the largest sequential increase … Continued
CCAR is the Comprehensive Capital Analysis and Review (CCAR) instituted by the Fed and regulators after the Mortgage and Housing Crisis of 2008, that simply means that banks have to get “permission” from the Fed before paying dividends and repurchasing … Continued
On Friday, ThomsonReuters released their latest earnings data and the “forward 4-quarter” earnings estimate for the S&P 500 rose to $110.94, about where we thought it would when we wrote about the same topic last week. (See the July 5th … Continued