BP PLC (LSE:BP.) will evidently need more than expectation beating results and a giant oil discovery to impress Royal Bank of Canada.
Kansas City Life Insurance Company is trading at a steep discount—around 56% of tangible book value—despite resolving litigation and cleaning up its balance sheet. The company is preparing for a sale post-2025, with hidden real estate value and normalized earnings power supporting a $60–$75/share takeout. Recent comparable deals and scarcity value for small life insurers suggest a base case sale price of $55, with upside to $75 if a bidding war emerges.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does City Holding (CHCO) have what it takes?
City Holding (CHCO) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $1.96 per share a year ago.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Analysts at KBW are staying positive on UK banks despite this week's politics-triggered sell-off in the sector. The recent share price weakness to political uncertainty rather than fundamentals, the broker said in a note.
J Sainsbury PLC (LSE:SBRY) impressed investors and analysts with its first-quarter update on 1 July as price positioning at its grocery business led to the largest market share for the chain since 2016. The performance of the core grocery business was the highlight for UBS, which noted that the 16-week sales growth of 5.0% was better than the top end of City estimates.
CIO's asset base and leverage are reasonable, but weak liquidity and a challenging operating environment constrain its credit profile to a B3 rating. The preferred stock, CIO.PR.A, is rated Caa2, reflecting its higher risk and limited downside protection for investors. Despite attractive yields, the risk-reward profile for CIO's preferred stock is unfavorable due to low credit ratings and insufficient coverage of fixed costs.
SPG fully acquires Brickell City Centre's retail arm, boosting its premium portfolio and future growth prospects.
The company is facing legal hurdles and other obstacles before its cars can cruise the city's streets without drivers.
Capital City Bank Group's deposit growth beat my expectations in 1Q. Deposits will likely continue to grow on the back of Florida and Georgia's economies. Deposit growth will likely outpace loan growth. Resultantly, the asset mix will shift. The shift in asset mix and last year's rate cuts will pressurize the net interest margin.