FNCL News and Press, Fidelity MSCI Financials Index From 10/21/20

Earnings have fallen more than 50% this year because of slow loan growth, lower margins, and higher provisions. The excess capital over regulatory minimums should give investors confidence banks can weather further headwinds. Future risks include lower for longer interest rates an...

The expected 2020 EPS growth rate for the Financial sector improved from -36% to -32% by the end of July '20 but has remained stagnant since. 2021's expected revenue growth was greater than the 2020 percentage decline until April 10th, and then, 2020's expected percentage decline ecli...

The Technology sector has been the hardest hit group since the S&P 500's last all-time high on September 2nd. As a result of those declines, the sector's weighting in the S&P 500 has dropped roughly 1.5 percentage points from 28.85% down to 27.35%. The Technology sector ha...

Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone's focus on the coronavirus, is unexpected. We can now identify March 23 as the date when markets stopped worrying about deflation and realised that monetary in...

Investment Thesis: This too shall pass It's remarkable how in just six months COVID 19 has become a seemingly permanent part of life and the economy. It isn't. Every cycle, investors forget that "this too shall pass" and fail to prepare for the inevitable rebound. The virus might remain in d...

The pandemic hasn't changed the overall timeline for phasing out LIBOR, New York Fed President John Williams said in a webinar hosted by the Bank of England and the New York Fed. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Fin...

Introduction Welcome to my 2020 Q2 review of my portfolios. This is a series I started which will highlight my journey to financial freedom. My goal with my portfolios is to generate cash flows in the form of dividends that I can use to cover my retirement expenses without having to touch ...

The Fed last night ordered banks to suspend dividend increases and not resume buybacks through at least the third quarter. Not only that, but dividends going forward will be limited to what the banks actually earn (more or less). More news on: Financial Select Sector SPDR ETF, SPDR S&P...

David Aurelio of Refinitiv is doing an earnings conference call today, i.e. Wednesday morning, June 24th, 2020 at 11:00 am central time. Search the Refinitiv website or David Aurelio's blog for the details. This blog's source earnings data comes from Refinitiv, which sources the data from IBES...

With the Canadian TSX today virtually unchanged from its April 2008 peak, even the most steadfast buy and hold investors have reaped zero capital gains over more than 12 years of risk and just 1.7% annually since the prior cycle peak in July 2000. Those who bought GICs and government bonds ove...