An investor who bought one of the many discount brokerage stocks earlier this year would have seen handsome gains. Indeed, so far, Charles Schwab (NYSE: SCHW) and E*TRADE (NASDAQ: ETFC) are up 55% and 53%, respectively, beating the wider market by 35%. However, I believe that now it could be time to book some gains.
You see, after these recent rallies, these brokerages are looking rather overbought and there more »
Cohen & Steers (NYSE: CNS) reported decent earnings in the second quarter, but the news that caught investor attention was the sequential quarter drop in assets under management. It shouldn't have been a surprise from a real estate focused shop.
The company was founded by real estate investment trust (REIT) specialists Robert Steers and Martin Cohen when the asset class was broadly misunderstood and largely relegated to mom and pop more »
Financial service companies experience constant change due to new regulation, political uncertainty, and market consolidation. After the financial crisis of 2008, global leaders implemented various regulations like the Financial Stability Board, or FSB. These regulations have brought financial stability to financial institutions across the globe.
With improving economies around the world, the outlook for the financial industry is also improving. In this article, I have discussed three companies that are more »
The asset-management industry is probably one of the most lucrative hot spots in the financial sector. This is primarily driven by the fact that stocks are trending higher, and it allows for asset-management companies to reap the benefits with performance fees. Both Blackstone (NYSE: BX) and BlackRock (NYSE: BLK) have been able to benefit from record moves in equity prices.
Earnings highlights for BlackRock
BlackRock has been able to report more »
The US Capital Market sector is mature, competitive and subject to intense competition. This industry includes securities brokerage, investment banking, advisory services, asset management, and custody firms. It provides investment advice and brokerage of stocks, fixed-maturity securities, derivatives, and mutual funds to both types of clients, institutional investors and individuals. This sector consists of 10.000 companies with annual revenue of $15billion and assets under management (AUM) in excess of more »
When a company's stock price is increasing continuously, investors are usually divided in their opinions about its outlook. Some investors are doubtful about the growth potential of high growth stocks, but companies look out for different strategies in order to maintain their growth, and hence, investors' confidence. Here are three companies, Boeing (NYSE: BA), BlackRock (NYSE: BLK), and MetLife (NYSE: MET) that have appreciated about 25% year to date more »
PNC Financial Services Group (NYSE: PNC), the second largest U.S regional bank not only faces stiff competition due to industry consolidation but tough economic times as well.
PNC stock rushed up 19% during the current year. The bank faces a major decision. Let’s review the bank’s past performance and see what would be the implication of PNC Financial selling or not selling its BlackRock stake.
Satisfactory earnings more »
The U.S. stock market is down around 6%, Treasuries are getting crushed, bond funds are down, and gold is down. Nearly every asset class has fallen on hard times after the Fed’s latest outline for the diminished path of QE going forward. Is now the time to panic? The likely answer is no and at this time there is no indication that the cyclical bull market has ended more »
State Street (NYSE: STT) is one of the leading bank holding companies that serves institutional investors. The company has over $25 trillion in assets under custody and $2 trillion in assets under management, with operations in 26 countries worldwide. With shares up about 70% over the past year, should shareholders cash in and take their profits, or is there still more room to the upside? Would our investment dollars be more »
Last week, the Bank of Japan’s decision to maintain its monetary easing policy wasn't taken at face value by the markets. The fear is that central banks could start to unwind some positions and reduce asset purchases. The Bank of Japan’s resolution caused the yen to rise against the dollar and pushed stocks lower.
There is a big concern about what hedge funds will do if the more »
WisdomTree’s (NASDAQ: WETF) ETF’s have been one of the most popular this year. The WisdomTree Japan Hedged Equity (NYSEMKT: DXJ) has drawn the most inflows of all ETFs this year, and the company has taken in 72% of all Japanese ETF inflows in the first quarter. Those trends are having a very positive effect on WisdomTree’s earnings and revenue, which have grown substantially in prior quarters.
Recent more »
Some market pundits are calling for the stock market to fall by 40% or more. That type of decline would take virtually all stocks with it, however asset managers would feel a double whammy. Not only would their stocks go down, but so, too, would their assets under management (AUM). That would have lasting implications for their top and bottom lines.
There is a collection of very concerned more »
BlackRock (NYSE: BLK), an investment management firm, has been doing exceptionally well for some time. Its stock has been outperforming the market every year. Even this year, the stock has risen around 33%, compared to gain of more than 13% in the S&P 500 index. If you had invested in BlackRock in July 2012, you would have gotten more than 61% returns until now, just because of the price more »
ETFs are revolutionizing the investment management industry, and the trend will only get stronger over the following years. When it comes to benefiting from this boom, WisdomTree (NASDAQ: WETF) looks like the smart way to go.
There is wisdom in Wisdom Tree
Assets in ETFs increased from $102 billion in 2002 to $1.3 trillion in 2012, representing a 29.3% compounded annual growth rate, according to Cerulli Associates. These more »
Morgan Stanley (NYSE: MS) recently reported a stronger quarter, primarily driven by growth in asset management and wealth management revenue. The growth in revenue was primarily driven by the rallying stock market and rotations from commodities and bonds into stocks. The demand for stocks is likely to improve due to the better yields stocks tend to have when compared to bonds.
Morgan Stanley meets estimates
Morgan Stanley grew revenue 30 more »
Some companies have to be watched like a hawk during the earnings season. BlackRock (NYSE: BLK) announced some strong results for the first quarter where its EPS grew 16%. The CEO of BlackRock, Larry D. Fink, believes that the asset rotation in equities is being driven by falling yields, and that worldwide risk taking has definitely climbed.
Fink also added that investors are looking for stocks that are more coupon more »
Ever wish you could invest directly with Karen Finerman, the well-respected hedge fund manager and value investor on CNBC’s Fast Money?
While you can’t put your capital to work with Finerman unless you are a high-net worth investor, possibly a more attractive option is available through Golub Capital (NASDAQ: GBDC), a business development company that makes debt and minority equity investments. The namesake Golub Capital is operated by more »
The Gabelli Dividend Growth Fund buys the types of stocks its name implies. Fund manager Barbara Marcin recently highlighted BlackRock (NYSE: BLK), International Paper (NYSE: IP), and Johnson & Johnson (NYSE: JNJ) as having good long-term prospects.
Looking for Dividend Growth
The fund seeks to find dividend paying companies that management believes will increase their dividends over time. To this end, companies that the market has punished for near-term events are more »
Anticipate reasonable growth in BlackRock’s investment management business as mutual fund flows has improved in the first quarter of 2013. According to the ICI, mutual fund flows increased by $80.33B in January, and $42.86B in February. Total mutual funds inflows have increased by $122B in the first two months of the year, and this trend is likely to continue. Bloomberg further supports this conclusion by stating:
Yields more »
If you are on the lookout for solid dividend growth and great fundamentals, consider these dividend stocks I picked from the portfolio of Todd Veredus Asset Management, a fund with over $3 billion in assets under management.
These stocks’ annualized dividend payments have been growing at double-digit rates. Their performances in terms of revenue growth and profitability are all impressive. Most have a payout ratio below 40% based on cash more »
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