Sections SEARCH Skip to content Skip to site index Subscribe Log In Subscribe Log In Advertisement DealBook Supported by ByPeter Eavis June 29, 2018 The nation’s largest banks, back to making big profits a decade after the financial crisis, are set to pay out billions of dollars to their shareholders. The banks’ regulator, the Federal Reserve, signed off on the payments after the banks passed annual stress tests, whose results came out on Thursday. The Fed carries out the tests, which were introduced after the crisis, to assess how big banks would fare in a deep recession. After passing, the six largest United States institutions are now free to distribute over $125 billion in stock buybacks and dividend payments. One revealing exercise is to compare the size of the banks’ requested payouts with the profits that analysts expect the banks to make in the second half of this year and the first half of next, the … [Read more...] about Banks Are Paying Out Billions to Shareholders. We Put the Numbers in Context.
Rebel investors in Petropavlovsk have ousted the company's senior executives at the Russian goldminer's annual general meeting today, as the bitter battle over the future of the board finally came to a head following months of public sparring. Shareholders voted to ditch the current management and reinstate three former executives, including ex-chief executive Pavel Maslovskiy, rejecting more than half of the proposals tabled by the board and backing all but one of those put forward by the rebel investors. Just over 52pc of shareholders voting did so in favour of removing chairman Ian Ashby, while 58pc voted to oust Roman Deniskin, the incoming chief executive who the board had opted to appoint... Register for free to read this article, or log in to your Telegraph account Register Log in … [Read more...] about Shareholders back Petropavlovsk boardroom coup to oust executives
When Margaret Thatcher set about privatising our national assets, the dream was to create a “shareholder democracy”. We’d all own shares, either in our employers or the wider British economy. It hasn’t quite worked out that way. Despite the excitement generated back then around the Sids who bought into British Gas, share ownership by members of the public has actually fallen since Thatcher’s time. By the time she left office, 11 million people owned shares. Now, that’s only eight million. The proportion of UK plc shares owned by retail investors has tumbled from 20.6% in 1989 to 12.3% now. Efforts to boost those numbers through tax breaks and other red tape-cutting measures have largely failed, leaving employers wanting to give staff a share in their businesses giving up. That’s a shame. As an excellent report, The Ownership Dividend, said this week, bosses who battle through the admin effort to launch share schemes for their … [Read more...] about Sir Michael Fallon returns to revive shareholder democracy dream
Bank stocks are rallying Friday morning after the Fed approved their plans to return capital to shareholders. Only Deutsche Bank’s US operations failed. Wells Fargo is a big gainer so far. Banks are on track to getting to pre-crisis dividend ratios. Watch JPMorgan Chase, Citi Group, Bank of America, and Wells Fargo trade in real time here. One week after all US banks passed the Federal Reserve’s stress test, the central bank approved plans of 34 large banks to return capital to shareholders. Only Deutsche Bank’s US operations failed. Bank stocks are rallying on the news. Here’s the scoreboard: After news of them passing the second leg of the Fed’s test, the big banks are moving forward with share buyback programs and increased dividend payouts, and the rate of capital returns to shareholders is exceeding expectations. JPMorgan announced plans to raise its dividend 43% to $US0.80 a share, and buy back up to $US20.7 billion of its stock. … [Read more...] about Big banks are spiking after the Fed approves their plans to return capital to shareholders
Published June 28, 2018 Markets Motley Fool Facebook Twitter Comments Print In this segment from MarketFoolery, host Chris Hill and Motley Fool Pro's Jeff Fischer discuss the situation at Starbucks (NASDAQ: SBUX), which recently revealed that it would soon shutter 150 locations -- three times more than it usually does in a whole year -- and slow the pace of new U.S. openings. And on top of that, it cut guidance. So perhaps it's no surprise that this week saw shares hit a three-year low. What's going on behind the numbers, and what should investors be watching for next? The guys have some opinions, and they're based on the long view -- a view informed by 25 years of Motley Fool history. Continue Reading Below A full transcript follows the video. 10 stocks we like better than StarbucksWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has … [Read more...] about Where Do Starbucks Shareholders Go From Here?