What Were Berkshire Hathaway’s Largest Holdings in 4Q17?
The top five holdings of Berkshire Hathaway in 4Q17 were Apple (AAPL), Wells Fargo (WFC), Kraft Heinz (KHC), Bank of America (BAC), and Coca-Cola (KO).
Berkshire Hathaway reduced its holdings in IBM in 4Q17 by 2.9%.
According to the institutional ownership report, Berkshire Hathaway was the fourth largest investor in Apple with 165.3 million shares as of 4Q17.
How Analysts View E*TRADE Financial in February 2018
E*TRADE Financial Corporation (ETFC) is covered by 16 analysts in February 2018. Of these analysts, nine suggested a “strong buy” and three gave “hold” ratings on ETFC.
Wall Street analysts gave a one-year target on E*TRADE Financial of $62.25, reflecting an ~18.1% increase from the current price of $52.70.
E*TRADE Financial Corporation (ETFC) reported total net revenues in 4Q17 of $637.0 million compared to $509.0 million in 4Q16.
KeyCorp’s Valuation Is Close to Industry Average
KeyCorp’s valuation looks slightly overvalued compared to KBE. However, it’s undervalued compared to KRE, the regional banking ETF.
KeyCorp is a large regional bank with about $94 billion in assets. It competes with JP Morgan (JPM) and Bank of America (BAC) in various service segments.
KeyCorp (KEY) is represented in key ETFs focused on the banking sector. The SPDR S&P Bank ETF (KBE) has KeyCorp comprising ~1.7% of its portfolio.
How Citigroup Aims to Boost Return on Capital
Bankers (IYF) reward shareholders with payouts in the form of repurchases and dividends. Overall, the industry has faced criticism of lower payouts, largely due to select banks’ stress-test failure in…
Wall Street analysts expect subdued growth across sectors in 2018, amid concerns of high valuation. With the recent global stock market rout, stocks erased their January 2018 gains. Analysts are…
The recent stock market decline was largely due to an expectation of four rate hikes in 2018 as well holdings’ higher valuation. While the Fed has indicated that there could be…
Understanding Analysts’ Ratings on Mastercard
Of the 39 analysts that track Mastercard (MA) in February 2018, 18 gave “strong buy” ratings, and three suggested a “hold” on the stock.
Wall Street analysts have given a one-year price estimate of $191.40 for Mastercard.
Mastercard (MA) saw a year-over-year rise of 13.0% in its worldwide gross dollar volumes in 4Q17 on a local currency basis.
Why PNC Financial Has Been Pricing at a Premium
PNC Financial (PNC) successfully diversified its banking operations by extending offerings in asset management, consumer services, and investment banking.
In 1Q15, PNC Financial bought back 4.4 million common shares worth $0.4 billion. The purchase was part of its four-quarter repurchase program.
PNC Financial’s non-interest income declined by 10% compared to the previous quarter—mainly due to higher fourth quarter gains on asset dispositions.
Bitcoin: Key Technical Levels You Should Watch in January 2018
As of January 17, 2018, at 3:00 PM EST, Bitcoin was trading at $10,460, which is near the lower boundary of the descending price channel.
While Buffett is one of the most followed investors in the world, his comments on cryptocurrencies may not be solely to blame for the recent massive sell-off in cryptocurrencies.
CME Group (CME) has returned more than $5.6 billion to shareholders in the form of dividends since the variable dividend policy in 2012. In 2015, CME declared dividends of $1.6 billion.
Fixed-Income Factors in Target Date Strategies
Fixed-income factors are not as widely discussed as equity factors, but they are equally important in designing a target date portfolio in an attempt to improve participant outcomes.
Each factor of a fixed-income portfolio—so interest-rate sensitivity, credit exposure, and inflation sensitivity—may play an important role in constructing a dynamic fixed-income portfolio for target date investing.
Another common factor in fixed-income investing is credit exposure because investing in securities with an element of credit risk has historically generated positive risk premiums over time.
How Analysts Are Rating Chubb
Chubb (CB) is tracked by 18 analysts in February 2018. One analyst has recommended a “sell” for the stock, and one has recommended a “hold.”
Chubb’s (CB) PE (price-to-earnings) ratio is 14.37x on an NTM (next 12-month) basis. The average for its competitors was 13.36x.
Chubb’s (CB) net income in 4Q17 was $1.5 billion compared to $1.6 billion in 4Q16. It saw a rise in net premiums earned, from $7.1 billion in 4Q16 to $7.2 billion in 4Q17.
What Are USB’s Key Growth Drivers?
U.S. Bancorp’s (USB) revenue net of interest expense grew 5% and 4% in 2016 and 2017, respectively.
Travelers Companies’ (TRV) revenue rose 3% in 2016 and 5% in the first nine months of 2017.
BB&T’s (BBT) revenue net of interest expense grew 12% and 5% in 2016 and 2017, respectively.
Goldman Sachs Is Trading at Discount to Peers
Goldman Sachs (GS) stock has risen 15.4% over the past six months and 5.4% over the past year.
Bitcoin’s performance has been very volatile. Some believe its future is not looking stable with government intervention in some countries.
Analysts have given GS a mean price target of $268.29, implying a 2% rise from its current level of $262.58.