Latest news with #financialservices
Yahoo
2 hours ago
- Business
- Yahoo
The Bank of New York Mellon Corporation (BK) Stands Out as a Trusted Name in Institutional Banking
The Bank of New York Mellon Corporation (NYSE:BK) is one of the Best Dividend Stocks of 2025. An aerial view of a modern skyscraper, highlighting the company's corporate services and treasury arm. As a global financial services firm, the company is responsible for overseeing more than $53.1 trillion in client assets. BK is up by more than 16% in 2025 so far. With a legacy spanning over 240 years, The Bank of New York Mellon Corporation (NYSE:BK) has consistently introduced innovative solutions that support businesses, communities, and individuals around the world. In the first quarter of 2025, The Bank of New York Mellon Corporation (NYSE:BK) reported tangible progress in delivering more integrated client solutions, supported by a new commercial coverage strategy and a phased shift to a strategic platforms operating model. The ongoing transformation at BNY continued to gain momentum, with consistent execution contributing to strong performance. The company achieved notable positive operating leverage, resulting in a pre-tax margin of 32% and a return on tangible common equity (ROTCE) of 24%. During the quarter, The Bank of New York Mellon Corporation (NYSE:BK) also returned $343 million to shareholders through dividends. It has been growing its dividends for 14 consecutive years, and its quarterly payout stands at $0.47 per share. As of June 26, the stock has a dividend yield of 2.09%. While we acknowledge the potential of BK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. 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 hours ago
- Business
- Yahoo
The Goldman Sachs Group (GS) Continues to Lead in Global Finance
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the Best Dividend Stocks of 2025. A close-up of a financial advisor giving advice to a customer, demonstrating the importance of consumer and wealth management. The stock has surged by 16.5% since the start of 2025. In its Q1 2025 earnings report, the company reported leading the industry in several key areas. It secured the top spot globally for both announced and completed mergers and acquisitions, equity and equity-related offerings, as well as common stock offerings. It also ranked second in high-yield debt and leveraged loan offerings for the year to date. The Global Banking & Markets division generated $10.71 billion in net revenues, driven by record performance in Equities— particularly in financing— along with strong results in Fixed Income, Currency and Commodities, which also included record financing revenues. Debt underwriting also contributed to the division's strong showing. Overall, The Goldman Sachs Group, Inc. (NYSE:GS) reported its third-highest quarterly net revenues at $15.06 billion, alongside robust net earnings of $4.74 billion and diluted earnings per share of $14.12. Shareholder returns remained healthy, with $976 million distributed through common stock dividends. Additionally, the Board approved a new share repurchase program authorizing buybacks of up to $40 billion in common stock. The Goldman Sachs Group, Inc. (NYSE:GS) is a strong dividend company that has paid regular dividends to shareholders since 1999. Its current quarterly dividend is $3.00 per share for a dividend yield of 1.75%, as of June 26. While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. 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
6 hours ago
- Business
- Yahoo
S&P 500 Bulls Roar as UBS Lifts Targets and EPS Estimates
June 27 - UBS has raised its year-end S&P 500 target to 6,200 and set a mid-2026 goal of 6,500. The strategists also raised their S&P 500 2025 EPS forecast to $265, implying about 6% growth, and bumped the 2026 estimate to $285, or roughly 7.5%. They said easing U.S.-China trade tensions and a tax-and-spending package in Congress should bolster corporate cash flows. Analysts at UBS expect the upcoming Q2 earnings season to hold up well, even as tariffs linger. They noted most large-cap firms have weathered earlier levies without major damage. UBS flagged potential volatility around the expiration of President Trump's reciprocal duties next month. They warned that goods hit by existing tariffs could push inflation higher and slow growth if costs pass through to consumers. The bank prefers communication services, financials, health care, information technology and utilities, citing their resilience and cash-flow strength. With the S&P near its all-time high, investors will be watching management commentary and guidance closely. The path for U.S. equities now hinges on tariff developments and second-quarter results. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
S&P 500 Bulls Roar as UBS Lifts Targets and EPS Estimates
June 27 - UBS has raised its year-end S&P 500 target to 6,200 and set a mid-2026 goal of 6,500. The strategists also raised their S&P 500 2025 EPS forecast to $265, implying about 6% growth, and bumped the 2026 estimate to $285, or roughly 7.5%. They said easing U.S.-China trade tensions and a tax-and-spending package in Congress should bolster corporate cash flows. Analysts at UBS expect the upcoming Q2 earnings season to hold up well, even as tariffs linger. They noted most large-cap firms have weathered earlier levies without major damage. UBS flagged potential volatility around the expiration of President Trump's reciprocal duties next month. They warned that goods hit by existing tariffs could push inflation higher and slow growth if costs pass through to consumers. The bank prefers communication services, financials, health care, information technology and utilities, citing their resilience and cash-flow strength. With the S&P near its all-time high, investors will be watching management commentary and guidance closely. The path for U.S. equities now hinges on tariff developments and second-quarter results. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
BofA analyst raises price target for Citi to $100, takes bullish view of Fraser's restructuring
It's been three years since Jane Fraser unveiled her strategic vision for Citi and, during that time, the CEO has come under significant criticism for her overhaul of the country's third biggest bank. But a Bank of America analyst thinks Fraser is giving the bank a shot at becoming competitive, according to a June 26 research note. With $2.5 trillion in total assets, Citi is one of the nation's largest banks, employing around 229,000 full-time workers as of last year. Fraser took over as Citi CEO in March 2021, and is widely considered the most powerful woman on Wall Street. (This year, Fraser ranked as the third most powerful woman in business, according to Fortune's Most Powerful Women's list.) Citi's stock has gained about 22% since she joined the bank. Citi is no stranger to overhauls. In the late 1990s, the bank underwent a major realignment after Citicorp's merger with Travelers which created Citigroup. Citi reorganized again after the 2008 financial crisis and then, in 2019, it undertook another restructuring. Fraser has come under considerable scrutiny for the latest Citi revamp. She's faced pressure from analysts, regulators and even internal dissent. But Ebrahim Poonawala, a BofA research analyst, thinks 'this time is different,' which is the title of his June 26 note. 'We consider Citi's turnaround as among the most complex in the corporate world, but Fraser had undertaken actions (such as international consumer exits, balance sheet de-risking, tech/personnel investments, streamlining businesses, hiring external talent) that gives Citi a fighting chance of becoming competitive, in our view,' Poonawala wrote in the note. Poonawala reiterated a 'Buy' rating for Citi and boosted his price target to $100 from $89. Fraser's big moves at Citi include divesting nearly all of Citi's international consumer banking franchises, exiting non-core operations, and overhauling leadership. Last year, Citi hired Vis Raghavan, ex-head of global investment banking at JPMorgan Chase executive, to lead global banking. It also added Tim Ryan, of PwC, to lead technology and business enablement, as well as Andy Sieg, of Merrill Wealth Management, to head up wealth. Over the past year, Citi's five businesses are tracking improved profitability, Poonawala said, adding that wealth and banking have acquired a sharper focus under new leadership. Absent a severe macroeconomic shock, the analyst expects Citi's momentum to continue, 'paving the way for management to deliver a more than 10% return on tangible common equity (ROTCE) on a sustainable basis starting in 2026.' ROTCE is a metric used to compare banks and how well they are using tangible common equity to generate profits. In the first quarter, Citi's efficiency ratio in each of its core business units declined versus the year ago quarter, Poonawala said. This reflects management's focus on controlling expenses, he said. This story was originally featured on 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
