Isu Buka Tudung Selepas Ramadan, Ini Jawapan Fazura

Bulan Ramadan lalu, rata-rata netizen memuji penampilan Nur Fazura yang cantik dan manis bertudung. Ada juga dikalangan mereka berharap agar Fazura akan kekal istiqamah untuk kekal berhijab. Why Bank Stocks May Be Ready to Rebound By Mark Kolakowski | June 26, 2018 — 6:00 AM EDT SHARE ADD TO WATCHLIST JPM JPMorgan Chase & Co 104.20 -0.56% C Citigroup Inc 65.39 -0.55% GS Goldman Sachs Group Inc 221.73 +0.09% View Watchlist The Federal Reserve is scheduled to release the results from the second round of its annual bank stress tests after the market close on Thursday June 28, and expectations are high that big boosts in dividends and share repurchases will be approved as part of the process. In fact, Barron's projects that these returns of capital to shareholders will equal about 100% of U.S. bank profits earned over the next 12 months. The enhanced payouts are bound to increase the attractiveness of bank stocks to investors. Soaring Total Yields National Banks Ticker YTD Gain Projected Total Yield Bank of America Corp. BAC BAC Bank of America Corp 28.40 -0.28% (3.5%) 9.2% Citigroup Inc. C C Citigroup Inc 65.39 -0.55% (11.6%) 13.0% Goldman Sachs Group Inc. GS GS Goldman Sachs Group Inc 221.73 +0.09% (13.0%) 6.9% JPMorgan Chase & Co. JPM JPM JPMorgan Chase & Co 104.20 -0.56% (2.0%) 9.1% Morgan Stanley MS MS Morgan Stanley 47.63 -0.63% (8.7%) 9.2% Wells Fargo & Co. WFC WFC Wells Fargo & Co 53.46 -0.93% (11.1%) 10.5% Regional Banks BB&T Corp. BBT BBT BB&T Corp 51.26 -0.87% 4.0% 6.8% PNC Financial Services Group Inc. PNC PNC PNC Financial Services Group Inc 136.91 -1.10% (4.1%) 8.2% U.S. Bancorp USB USB US Bancorp 50.13 -0.89% (5.6%) 6.5% Source: Barron's; YTD gain as of market close on June 25; projected total yield as reported by Barron's on June 23. Projected total yield, as presented by Barron's, is the sum of the projected dividend yields and buyback yield for each stock, based on estimates by Barclays analyst Jason Goldberg of what these banks will spend on dividends and stock buybacks during the next 12 months, divided by the current market values of their stock. (For more, see also: Top 4 Bank Stocks for 2018.) The Skeptics' View Skeptics will note that share prices have fallen for banks recently, despite the widely anticipated good news about bigger payouts. The KBW Bank Index (KBX) was down by 1.1% on June 25, by 4.1% since June 8, and by 1.2% year-to-date, per Bloomberg Markets. Part of the reason, according to some experts, is that earnings may have peaked in the first quarter, with year-over-year (YOY) comparisons made to look deceptively robust by the one-shot influence of tax cuts. As a result, earnings growth for these banks generally is expected to slow down sharply in 2019. Buyback Frenzy In the first quarter, total spending by companies in the S&P 500 Index (SPX) on share repurchases was a record $189.1 billion, surpassing the previous high set in the third quarter of 2007 by almost 10%, according to data from S&P Dow Jones Indices cited in another Barron's article. Leading the way was Apple Inc. (AAPL AAPL Apple Inc 184.82 +1.46% ), with $22.8 billion. The leading sector was information technology (including Apple), at $63.4 billion, followed by health care, $35.6 billion, and financials, $33.8 billion. Payout Bonanza: "Banks are expected to return an average of 100% of their earnings to shareholders over the next 12 months." —Barron's Payout Bonanza Goldberg estimates that the 22 institutions covered by him will return $168 billion to shareholders in the year starting July 1, up 24% from $136 billion in the current year ending June 30. Barron's indicates that these represent the vast majority of banks subject to the Fed's annual stress tests, and that the total yield (dividends plus outlays on buybacks) for these 22 stocks as a group will be about 8%, at current share prices. (For more, see also: Bank Stocks Poised for More Gains in 2018: CFRA.) Goldberg's top picks are JPMorgan Chase and Citigroup, with price targets of $135 and $93, respectively, implying gains of 29% and 41% from the June 25 close. JPMorgan Chase is expected to raise its dividend by 50%, which would push its yield over 3%. Citigroup, meanwhile, is the cheapest major bank on the basis of price to tangible book value ratio, which is 1.1, and among the least expensive based forward P/E ratio relative to 2018 projected earnings, which is 10.5, per Barron's. Citigroup also is expected to win approval for repurchasing 10% of its stock, which would be one of the largest buybacks in history by a major bank, Barron's adds. Barely Passing Morgan Stanley and Goldman Sachs, however, just barely earned passing grades in the first round of stress tests, the results of which were released last week. The problem was with a metric called the supplementary leverage ratio, which compares total capital to total assets, including some off balance sheet assets. Under the most severe test scenario, which assumes significant losses on loans and trading positions, a passing grade is a ratio of at least 3%, but Goldman came in at 3.1% and Morgan Stanley at 3.3%, per The Wall Street Journal. This may force reductions in their planned payouts, but both banks issued statements discounting this possibility, according to Barron's and the Journal. Read more: Why Bank Stocks May Be Ready to Rebound | Investopedia https://www.investopedia.com/news/why-bank-stocks-may-be-ready-rebound/#ixzz5JXxWru6P Follow us: Investopedia on Facebook

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