When Meijan Jafri said – Amitabh Bachchan’s natives want to marry Navya Naveli
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ET Intelligence Group: At a time when companies are refraining from issuing guidance, ONGC, India’s largest oil exploration company, has emerged as an exception. Despite the tough economic scenario, the company has retained its oil and gas production guidance for FY21. It also surprised the street with better than expected earnings for the June quarter. […]Read More
Fresh off posting a record quarterly profit, Morgan Stanley CEO James Gorman said Thursday his bank should be able to boost its dividend and resume stock buybacks next year. The bank is “already sitting on $6 billion to $10 billion of excess capital,” a figure that will swell to $10 billion to $15 billion by […]Read More
MNC Funds or mutual fund schemes that invest mostly in multinational companies are gaining currency these days. MNCs are always bankable, especially in the current bleak economic scenario due to the pandemic. These companies were also in the news as they were doling out handsome dividends last one month. Reflecting the positive sentiment, the MNC […]Read More
(L-R) Michael Corbat, chief executive officer of Citigroup Inc., Jamie Dimon, chief executive officer of JPMorgan Chase & Co., James Gorman, chief executive officer of Morgan Stanley, Brian Moynihan, chief executive officer of Bank of America Corp., Ron O’Hanley, president and chief executive officer of State Street Corp., Charles Scharf, chief executive officer of Bank […]Read More
The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic. The Fed said in a release that big banks will be required to suspend share buybacks and cap dividend […]Read More
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters Here are the companies making headlines in midday trading: Boeing – Shares of the industrial name jumped more than 5% after […]Read More
There’s been a lot of dividend doomsday talk on Wall Street this earnings season. As of Monday, roughly a quarter of companies in the S&P 500 had suspended sharing guidance for future quarters, with at least 30 cutting or pausing dividend payouts in an effort to stem losses tied to the coronavirus pandemic. Some have wondered […]Read More
The entrance to a Macy’s department store. Jeffrey Greenberg | Universal Images Group | Getty Images Macy’s is taking extreme measures to avoid dire outcomes like bankruptcy, and will try to raise billions in debt to weather the pandemic crisis, according to people familiar with the matter. The country’s largest department store is looking at raising […]Read More
A pronounced financial stoop sparked by the coronavirus outbreak has imperiled a preferred investment strategy: shopping for dividend stocks. These stocks have historically been extremely coveted in periods of market turbulence as a result of they supply shareholders a dividend or a assured return, usually paid out yearly out of the corporate’s earnings or reserves. […]Read More
