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.
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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.
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Oppenheimer’s Ari Wald compare the current market to 1983, and recommend owning top-performing economically sensitive stocks like 3M (MMM), Microsoft (MSFT), and Honeywell International (HON) before the S&P 500 breaks out:
We see similarities in current market conditions to how the S&P traded in 1983. In 1983, following the initial surge off the low,....More>>>