Many advisors are turning away from mutual funds in favor of exchange-traded funds and separately managed accounts to build client portfolios. But not Jeff Leonard, founder and managing partner of Leonard & Martens, a 25-year-old Anchorage, Alaska, practice under the Raymond James umbrella with $1.2 billion in assets under management. Leonard has tried SMAs and
The split is due to take effect April 2. A starting point in solving the valuation problem is to look at how similar companies trade in the marketplace. Today, General Electric trades for about 14.5 times estimated 2024 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That is very similar to nonfinancial and manufacturing
AT&T reaffirmed plans to invest heavily into expanding its fiber networks in an update to shareholders on Monday. “The company remains focused on building vital, high-performance network infrastructure for both mobile and fiber networks,” AT&T said in the update. To support these efforts, AT&T continues to expect capital investment in 2024 if between $21 billion
Last Updated: March 2, 2024 at 6:36 a.m. ET First Published: March 2, 2024 at 6:31 a.m. ET Chancellor Jeremy Hunt on Saturday said U.K. pensions will have to disclose how much they have invested domestically, in a move meant to boost the faltering U.K. stock market. Under the plan, defined contribution funds by 2027
A month after shaking the regional bank industry with a surprise provision for loan losses, New York Community Bancorp rattled nerves again by announcing a $2.4 billion December quarter earnings hit. At the same time, it said it identified “material weaknesses” in its loan review process and abruptly changed CEOs, causing its stock to tumble. The bank
Published: Feb. 29, 2024 at 5:31 p.m. ET Shares of Invesco Mortgage Capital Inc. IVR advanced 3.79% to $9.03 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.90% to 16,091.92 and the Dow Jones Industrial Average DJIA rising 0.12% to 38,996.39.
Published: Feb. 29, 2024 at 5:23 p.m. ET Shares of Federal Realty Investment Trust FRT rose 2.21% to $100.85 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.52% to 5,096.27 and the Dow Jones Industrial Average DJIA rising 0.12% to 38,996.39.
SYDNEY–Australian mortgage stress and delinquencies will start to rise, even as the country’s cash rate is tipped to decline by the end of the year, Helia’s chief executive said. The lenders mortgage insurer expects the Reserve Bank of Australia cash rate to fall to 3.85% by the end of 2024 from 4.35% currently, it said
Published: Feb. 26, 2024 at 10:28 p.m. ET Bitcoin on Monday rallied to its highest level since November 2021, as exchange-traded funds investing directly in the cryptocurrency attract more capital into the space, while investors await the upcoming “halving” event, which has historically been bullish for bitcoin prices. Bitcoin BTCUSD rose 9.5% over the past
These mutual-fund and ETF investing tips can give your portfolio new momentum
Published: Feb. 29, 2024 at 3:14 p.m. ET Don’t miss these top money and investing features: INVESTING NEWS & TRENDS 10 stocks you can bet on being inflation-proof High-quality stocks can do well when prices are rising or falling. Here’s why. Read More Nvidia, AI-fueled tech stocks are heading for a ‘magnificent exuberance’ bubble The…