- Stocks making the biggest moves premarket: IBM, AXP, ACOR, LOW, FL, NKE & moreThese are the stocks posting the largest moves before the bell.(19 Jan 2018 12:39:47 +0000)
- BlackRock Consistently Beating Estimates and Improving EarningsBlackRock Is Riding High on iShares, Retail, and ProductsBeating index, managers(19 Jan 2018 12:36:00 +0000)
- How Will MET’s Property and Casualty, Asia Businesses Fare?MetLife’s (MET) property and casualty (or P&C) business is expected to show an upward trend in 2018. Over the last 12 months, the property and casualty business’s combined ratio stood at 100%. In the current year, MET’s management has stated that the sales in its Asia business are expected to rise at a rate of 5%–6%.(19 Jan 2018 12:34:07 +0000)
- Wall Street Analysts’ Views on Praxair ahead of 4Q17 EarningsPraxair (PX) continues to get the attention of a lot of analysts. The analyst consensus for Praxair suggests a target price of $160.65. In the past three months, analysts have raised Praxair’s target price from $143.67 to the current price.(19 Jan 2018 12:33:44 +0000)
- US STOCKS-Futures climb as investors shrug off govt shutdown fearsU.S. stock futures pointed to a record open for the benchmark S&P 500 index on Friday as investors bet on strong corporate earnings, while playing down fears of a potential U.S. government shutdown. The U.S. House of Representatives passed a bill on Thursday to fund government operations through to Feb. 16 and avoid agency shutdowns this weekend when existing allocations expire.(19 Jan 2018 12:32:41 +0000)
- Two Stocks Went in Double-Zombie Beat-Down Mode: Market ReconThe charts of American Express and IBM both look intriguing after their quarterly results.(19 Jan 2018 12:23:00 +0000)
- Government Shutdown Looms, IBM Returns to Growth - 5 Things You Must KnowU.S. stock futures point to gains for Wall Street on Friday even as investors grow concerned the federal government will be forced into a shutdown at midnight unless lawmakers can reach a funding agreement....(19 Jan 2018 12:11:00 +0000)
- MetLife: Tax reform will have more impact this year than...Drew Matus of MetLife says the tax bill was a good example of something getting done in Washington that should boost growth this year.(19 Jan 2018 12:04:00 +0000)
- Facebook Adds Amex’s Chenault as First Black Board MemberFacebook has a board made up of prominent businesspeople, but that does not mean that they have the ability to affect the company's present or future.(19 Jan 2018 11:25:46 +0000)
- AmEx (AXP) Q4 Earnings Beat Estimates Sans Tax Reform ChargeAmerican Express' (AXP) Q4 earnings ride on higher billed business, greater Card Member spending and higher cards in force.(19 Jan 2018 10:45:10 +0000)
The United States financial sector is the largest and most developed in the world, comprising 50% of all US profits. This industry is lead by major investment banks offering investment management, equity underwriting, and selling financial products. Other major companies offering lending, however many decline greatly during the recent housing bubble collapse.
As a result of the recent sub-prime mortgage crisis, many new regulations have been put into place to curb aggressive behaviors such as mixed risk class products, bank proprietary trading, and lending to high-risk customers. These new measures will result in lower financial sector profits, but also less risk associated too.
The US financial sector is largely based the north-eastern coast, centered in New York City’s Wall Street, housing the New York Stock Exchange and the NASDAQ stock exchange. There is also a sophisticated venture capital industry in the west coast where many high-tech and start-ups are based.