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Cincinnati Financial (CINF) tumbled to the bottom of the S&P 500 today after the insurer warned of larger catastrophe losses and lower reserve releases.
Cincinnati Financialdropped 6.7% to $69.91 today, while the S&P 500 declined 0.2% to 2,270.44.
Sandler O’Neil’s Paul Newsome and team explain why Cincinnati Financial got hammered today:
If we recall good ol Forrest Gump and his box of chocolates, hed tell us that we never know what were going to get.
My mothers first job was working at Sees Candy in the 1930s. (She actually met Mary See.) And, when I was a kid, it always seemed to be the case that there were one or two presents under the Christmas tree each year that — in spite of the wrapping paper —....More>>>
The Trump administration argued in a legal brief Friday that the president has the power to fire the head of the Consumer Financial Protection Bureau, siding with a financial firm that is fighting a $109 million fine in court.
The case at issue is being closely watched by Wall Street and consumer advocates because it challenges the constitutionality of the CFPB. Legal experts say it is....More>>>
There are a number of things for potential new homeowners to be aware of when it comes to mortgages — everything from learning how tosecure a low mortgage rate to getting pre-approved to improving your credit score. Doing your homework is crucial when preparing to take on a mortgage.
With that in mind, Motley Fool analysts Kristine Harjes and Nathan Hamilton talk in the video below....More>>>