Latest news with #FactSet
Yahoo
2 days ago
- Business
- Yahoo
SPY Adds $4.1B in Assets as Tariff Relief Drives Stock Rally
The SPDR S&P 500 ETF Trust (SPY) pulled in $4.1 billion Thursday, bringing its assets under management to nearly $625 billion, according to data provided by FactSet. The inflows came as the S&P 500 climbed 0.8%, moving within points of its February record high after White House comments eased tariff deadline concerns. The Vanguard Russell 1000 Growth ETF (VONG) attracted $2.6 billion, while the Vanguard Russell 1000 Value ETF (VONV) collected $873.4 million. The Vanguard Value ETF (VTV) pulled in $815.1 million, and the Vanguard Russell 2000 ETF (VTWO) gained $706.5 million. The Vanguard S&P 500 ETF (VOO) saw outflows of $13.8 billion, while the Financial Select Sector SPDR Fund (XLF) lost $292.8 million. The Vanguard Real Estate ETF (VNQ) experienced outflows of just under $276 million. U.S. equity ETFs lost $3.1 billion despite the broad market rally, while U.S. fixed-income ETFs attracted $404.7 million. International equity ETFs pulled in $1.1 billion as geopolitical tensions continued to ease. Overall, ETFs lost $482.3 million for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 4,065.74 624,990.58 0.65% VONG Vanguard Russell 1000 Growth ETF 2,607.38 31,412.23 8.30% VONV Vanguard Russell 1000 Value ETF 873.39 13,246.02 6.59% VTV Vanguard Value ETF 815.08 137,268.97 0.59% VTWO Vanguard Russell 2000 ETF 706.53 13,064.38 5.41% TSLL Direxion Daily TSLA Bull 2X Shares 357.84 6,354.41 5.63% JQUA JPMorgan U.S. Quality Factor ETF 357.62 6,617.36 5.40% SCHF Schwab International Equity ETF 315.65 47,888.30 0.66% VGT Vanguard Information Technology ETF 293.61 92,275.70 0.32% PTIR GraniteShares 2x Long PLTR Daily ETF 243.73 737.68 33.04% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change VOO Vanguard S&P 500 ETF -13,768.65 673,679.87 -2.04% XLF Financial Select Sector SPDR Fund -292.79 48,613.24 -0.60% VNQ Vanguard Real Estate ETF -275.99 33,541.31 -0.82% VGIT Vanguard Intermediate-Term Treasury ETF -184.68 31,731.69 -0.58% TQQQ ProShares UltraPro QQQ -156.88 25,940.80 -0.60% FBL GraniteShares 2x Long META Daily ETF -153.94 153.94 -100.00% TJUL Innovator Equity Defined Protection ETF - 2 Yr to July 2025 -153.24 153.24 -100.00% IJUL Innovator International Developed Power Buffer ETF - July -147.37 147.37 -100.00% XLE Energy Select Sector SPDR Fund -143.59 26,683.81 -0.54% VUG Vanguard Growth ETF -137.84 172,071.83 -0.08% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 17.94 9,999.54 0.18% Asset Allocation 56.15 24,602.08 0.23% Commodities ETFs 207.13 219,902.83 0.09% Currency 209.67 147,643.03 0.14% International Equity 1,118.48 1,842,377.15 0.06% International Fixed Income 201.82 301,161.83 0.07% Inverse 21.57 14,387.49 0.15% Leveraged 419.31 139,644.73 0.30% US Equity -3,139.03 6,980,648.95 -0.04% US Fixed Income 404.65 1,690,685.74 0.02% Total: -482.31 11,371,053.36 0.00%Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
SPY Adds $4.1B in Assets as Tariff Relief Drives Stock Rally
The SPDR S&P 500 ETF Trust (SPY) pulled in $4.1 billion Thursday, bringing its assets under management to nearly $625 billion, according to data provided by FactSet. The inflows came as the S&P 500 climbed 0.8%, moving within points of its February record high after White House comments eased tariff deadline concerns. The Vanguard Russell 1000 Growth ETF (VONG) attracted $2.6 billion, while the Vanguard Russell 1000 Value ETF (VONV) collected $873.4 million. The Vanguard Value ETF (VTV) pulled in $815.1 million, and the Vanguard Russell 2000 ETF (VTWO) gained $706.5 million. The Vanguard S&P 500 ETF (VOO) saw outflows of $13.8 billion, while the Financial Select Sector SPDR Fund (XLF) lost $292.8 million. The Vanguard Real Estate ETF (VNQ) experienced outflows of just under $276 million. U.S. equity ETFs lost $3.1 billion despite the broad market rally, while U.S. fixed-income ETFs attracted $404.7 million. International equity ETFs pulled in $1.1 billion as geopolitical tensions continued to ease. Overall, ETFs lost $482.3 million for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust 4,065.74 624,990.58 0.65% VONG Vanguard Russell 1000 Growth ETF 2,607.38 31,412.23 8.30% VONV Vanguard Russell 1000 Value ETF 873.39 13,246.02 6.59% VTV Vanguard Value ETF 815.08 137,268.97 0.59% VTWO Vanguard Russell 2000 ETF 706.53 13,064.38 5.41% TSLL Direxion Daily TSLA Bull 2X Shares 357.84 6,354.41 5.63% JQUA JPMorgan U.S. Quality Factor ETF 357.62 6,617.36 5.40% SCHF Schwab International Equity ETF 315.65 47,888.30 0.66% VGT Vanguard Information Technology ETF 293.61 92,275.70 0.32% PTIR GraniteShares 2x Long PLTR Daily ETF 243.73 737.68 33.04% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change VOO Vanguard S&P 500 ETF -13,768.65 673,679.87 -2.04% XLF Financial Select Sector SPDR Fund -292.79 48,613.24 -0.60% VNQ Vanguard Real Estate ETF -275.99 33,541.31 -0.82% VGIT Vanguard Intermediate-Term Treasury ETF -184.68 31,731.69 -0.58% TQQQ ProShares UltraPro QQQ -156.88 25,940.80 -0.60% FBL GraniteShares 2x Long META Daily ETF -153.94 153.94 -100.00% TJUL Innovator Equity Defined Protection ETF - 2 Yr to July 2025 -153.24 153.24 -100.00% IJUL Innovator International Developed Power Buffer ETF - July -147.37 147.37 -100.00% XLE Energy Select Sector SPDR Fund -143.59 26,683.81 -0.54% VUG Vanguard Growth ETF -137.84 172,071.83 -0.08% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 17.94 9,999.54 0.18% Asset Allocation 56.15 24,602.08 0.23% Commodities ETFs 207.13 219,902.83 0.09% Currency 209.67 147,643.03 0.14% International Equity 1,118.48 1,842,377.15 0.06% International Fixed Income 201.82 301,161.83 0.07% Inverse 21.57 14,387.49 0.15% Leveraged 419.31 139,644.73 0.30% US Equity -3,139.03 6,980,648.95 -0.04% US Fixed Income 404.65 1,690,685.74 0.02% Total: -482.31 11,371,053.36 0.00%Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved Sign in to access your portfolio
CNBC
2 days ago
- Business
- CNBC
Stay away from these two big U.S. banks as valuations become stretched, Baird says
The recent rally in shares of JPMorgan and Bank of America may soon reverse, according to Baird. Analyst David George downgraded JPMorgan to underperform and Bank of America to neutral, citing a less attractive risk-reward outlook. His $235 12-month price target for JPMorgan implies more than 18% downside from Thursday's close, while the $52 target on Bank of America results in more than 9% potential upside. "We understand the optimism around mega cap banks here – benefits from deregulation, solid capital positions, capital markets are opening up and JPM is the gold standard in the group," he wrote in a 9-page report published Friday. "However, [we] are of the view that BAC is at [fair value] and JPM has modest downside from current levels, with JPM trading at record valuations. We understand that few care about valuation currently, but we still believe they are one of the primary drivers of forward returns." Both U.S. banks have outperformed the S & P 500 in 2025. JPMorgan has soared more than 20% so far this year while Bank of America has advanced about 8%, while the broad market index has risen 4%. As a result, the JPMorgan forward price-to-earnings ratio had widened to 15.5 and Bank of America's to 13.1, according to FactSet. JPM BAC,.SPX YTD mountain JPM vs. BAC and S & P 500, year-to-date With JPMorgan selling for a record 2.9 times tangible book value, George said that its future returns will "likely not be what they've been the last several years at these valuation levels," leaving its risk-reward profile "unattractive." "We realize we are fighting the tape here, and understand that JPM is a best-in-class franchise, with dominant share in all of their businesses and truly a fortress balance sheet," he added. "We simply think that expectations are super high here." Bank of America's risk-reward profile is more "balanced," still leading George to the sidelines. "We upgraded BAC in April, being of the view that the market was under-appreciating its earnings power and overly focused on [Berkshire Hathaway's] selling of the stock during the tariff panic," he wrote. Bank of America is up almost 12 % in the past three months alone. "We remain huge fans of the BAC franchise and the bank should continue to experience the tailwind of an improving [net interest margin] along with a more favorable capital markets backdrop, but feel like the stock is largely reflecting it here." The majority of Wall Street analysts remain bullish on both. Some 14 of 26 have a strong buy or buy rating on JPMorgan, and 21 of 25 analysts rate Bank of America the same, according to LSEG data. Both banks are falling less than 1% premarket Friday.
CNN
2 days ago
- Business
- CNN
Americans reined in their spending last month
The US economic engine sputtered in May: Consumer spending slowed more than expected, according to new data released Friday that also showed inflation heated up on an annual basis. Friday's report from the Commerce Department showed that consumer spending fell 0.1% last month after rising 0.2% in April. The Personal Consumption Expenditures price index was 2.3% for the 12 months ended in May, versus 2.1% in April. On a monthly basis, prices rose 0.1%, unchanged from April. Economists were expecting the PCE price index to rise 0.1% from April, resulting in the annual rate ticking up to 2.3%. They expected spending to pick up slightly to 0.3%, according to FactSet. This story is developing and will be updated.
Yahoo
2 days ago
- Business
- Yahoo
Raymond James lifts FactSet rating on cheaper valuation, signs of revenue rebound
-- Raymond James upgraded FactSet Research Systems to Market perform from Underperform, saying the market-data provider's shares already reflect most of the competitive and budgeting pressures that slowed growth over the past two years. FactSet's forward price-to-earnings multiple has slid to about 24 times, near a five-year low and roughly in line with the broader S&P 500, after historically commanding a premium, the brokerage said. Analysts at RJ see limited further downside risk to FactSet's valuation multiple given company's largely recurring revenue, strong client-retention record and modest balance-sheet leverage. The firm also cited an early pickup in Annual Subscription Value (ASV), a key measure of future revenue. Organic ASV growth, at constant currency, rose 40 basis points sequentially to 4.5% in FactSet's fiscal third quarter ended May 31, breaking an eight-quarter deceleration. Revenue growth improved by a similar amount to 4.4%, and management signalled a healthier sales pipeline heading into the fourth quarter. Even so, Raymond James said spending constraints among investment-management clients and fiercer competition from London Stock Exchange (LON:LSEG) Group's Refinitiv unit are likely to cap upside in the near term. Budget pressures 'will continue to limit revenue and ASV growth upside,' Raymond James analyst added. Past increases in capital expenditures, including investments in generative-AI tools, have knocked about two percentage points off operating margins this fiscal year, but the brokerage expects that drag to 'mostly abate in FY26' as capex levels off. Raymond James left its earnings estimates unchanged, saying risk and reward now look 'relatively balanced' after the stock's de-rating. Related articles Raymond James lifts FactSet rating on cheaper valuation, signs of revenue rebound Pony AI stock surges after NYT reports Uber-Kalanick talks for acquisition India rejects a UN investigator offered to help probe into the 787 crash Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
