Bank stocks have rallied since Donald Trump’s election victory–even Wells Fargo (WFC), which had been hit hard by its cross selling scandal. It’s not hard to see why: Higher rates and better economic growth should be good news for ones that have been in the penalty box. And yes, Wells Fargo is still in the penalty box, say Instinet’s Bill Carcache and Yuman Lui, but that....More>>>
Albemarle (ALB) soared to the top of the S&P 500 today after beating fourth-quarter earnings and revenue forecasts.
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Albemarle gained 9.8% to $101.50, while the S&P 500 dipped 0.3% to 2,363.64.
Baird’s Ben Kallo and team liked what they saw from Albemarle:
Reiterate Outperform rating after results beat and guidance exceeded....More>>>
Making it in the finance field is tough. Making it as a woman is even tougher.
The eat what you kill mentality coupled with an often boys club work environment (think Susan Antila’s “Tales From The Boom Boom Room”) has been a less than stellar place for women to succeed. Today, women make up 16% of financial advisors across the country. Compare....More>>>
Qualcomm has agreed to buy NXP Semiconductors (NASDAQ:NXPI) in a deal that values the chip maker at $110 a share, or $47B, including debt, as it seeks to expand the reach of its chips from phones to cars. “The combined company is expected to have annual revenues of more than $30B, serviceable addressable markets of $138B in 2020 and leadership positions across mobile, automotive, IoT, security,....More>>>
American Express (AXP) is stuck between a rock and a hard place. As it battles MasterCard (MA) and Visa (V), American Express can either try to match their rewards–which will damage its returns–or stand its ground, which will make it hard to compete. Evercore ISI’s David Togut and team explain:
Credit card rewards continue to spiral skywards asAmerican....More>>>