Non-interest expense of $3,939 million was higher by $935 million, an increase of 31.1% over 4Q16.
The rising interest rate environment and loan growth led to an increase in Bancorp’s net interest income.
During 4Q17, Bancorp’s (UBS) loans rose $7.1 billion, a 2.6% increase in comparison to 4Q16.
Bancorp (USB) reported net income of $1,682 million for 4Q17 in comparison to $1,478 million in 4Q16, a 13.8% increase.
Goodyear Tire and Rubber fell 8.1% to $30.75 on February 8. Goodyear Tire and Rubber is part of the S&P 500 Consumer Discretionary sector.
On February 8, Nielsen Holdings declined 9.7% to $33.9. Nielsen Holdings is part of the S&P 500 industrials sector, which declined 4% on Thursday.
On February 8, Hanesbrands declined 10.9% and closed the day at $19.57. Hanesbrands is part of the S&P 500 Consumer Discretionary sector.
Kellogg (K), which is an American multinational food manufacturing company, was among the S&P 500’s top gainers on Thursday.
On February 8, Viacom gained 7.2% and closed the day at $32.71. Viacom is part of the S&P 500 Consumer Discretionary sector.
On February 8, Coty rose 14.2% and closed the day at $19.96. Coty is part of the S&P 500 Consumer Staples sector, which declined 2.2%.
On February 8, all 11 major S&P 500 sectors declined. The market fall was led by stocks from the financials, IT, and consumer discretionary sectors.
Raymond James Financial (RJF) generated a return of 4.8% in the last three months and 17.6% in the last year.
Analysts covering Raymond James Financials (RJF) have given RJF a mean price target of $109.14, implying a 15.7% rise from its current level of $94.30.
Raymond James Financial (RJF) announced a dividend of $0.25 per share for 1Q18 from $0.22 in 3Q16. The dividend yield stands at 1.1%.
Raymond James Financial’s (RJF) non-interest expenses increased 10% on a YoY (year-over-year) basis to $1.4 billion.
Raymond James Financial’s (RJF) Private Client Group reported fiscal 1Q18 revenues of $1.2 billion, a 19% rise over fiscal 1Q17 and a 5% rise over 4Q17.
Raymond James Financial’s (RJF) fiscal 1Q18 net revenues of $216.7 million were 7% lower than 1Q17 and 18% lower than 4Q17.
Raymond James Financial (RJF) recorded net quarterly revenues of $173 billion in fiscal 1Q18. That was a 16% rise from fiscal 1Q17 and a 2% rise from fiscal 4Q17.
On February 6, 2018, Carl Icahn, billionaire investor and the chairman of Icahn Enterprises, shared his views on the recent market sell-off on CNBC’s Fast Money Halftime Report.
Billionaire hedge fund manager Ray Dalio recently noted that the recent big declines in the market are actually minor corrections.