The Total Return for Bank of America (NYSE:BAC) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
As Robo-Advisors Top $1 Trillion in Assets, Banks Pull Back
Bank of America Securities reiterated its "buy" rating on Swire Properties, with a slightly increased target price of HKD 18.
Bank of America Securities released a research report stating that Swire Properties (01972) performance in the first half of the year met expectations, with a slight YoY decrease of 1.1% in core net profit, still 4% higher than the bank's expectations. The interim dividend increased by 3% YoY to HKD 0.34 per share, also exceeding the bank's expectations. The bank reiterated its "buy" rating, and raised the target price from HKD 17 to HKD 18. It believes that the company's unexpected plan of buyback of HKD 1.5 billion will provide a relatively moderate boost to EPS and NAV per share. At the same time, this move, combined with the company's reconfirmation of its annual goal of single-digit growth in dividends per share, should help narrow the discount of the company's NAV. The bank pointed out that the company...
The central parity rate of RMB is reported at 7.1449, up 11 points.
On August 9th, the central parity rate of the RMB was reported as 7.1449, up 11 points, and the previous trading day's central parity rate was reported as 7.1460. Wen Bin: The RMB is expected to remain stable. Since July, with the turnaround of the Japanese economy, carry trade and speculative trading have reversed, coupled with the unexpectedly high interest rate hike by the Bank of Japan, the yen has rebounded significantly. The RMB, as a currency similar to the yen and a relatively low-interest currency, may also be pushed up by this round of carry trade reversal. Although the RMB has depreciated against the yen, overall, the correlation between the RMB and the yen has been stronger than that between the RMB and the US dollar in recent times.
Citi to Sell Trust Business Amid Bank's Turnaround Efforts
Bank of America Options Spot-On: On August 8th, 131.98K Contracts Were Traded, With 3.38 Million Open Interest
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