Cornerstone Financial Advisory

APRIL 15, 2024

The start of Q1 earnings season reinforced inflation concerns as several leading money center banks—despite many beating expectations—forecasted lower growth for the remainder of 2024 due partly to inflation and higher-than-expected rates. This information is not intended to be a substitute for specific, individualized tax advice.

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Cornerstone Financial Advisory

MARCH 11, 2024

Markets clawed back much of their losses on Wednesday and Thursday, with the Fed Chair’s upbeat comments to the Senate Banking Committee boosting stocks. State and local income tax refunds may be taxable and should be reported on your federal taxes. The information in this material is not intended as tax or legal advice.

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Cornerstone Financial Advisory

OCTOBER 9, 2023

The Internal Revenue Service (IRS) has a handy tool called the Tax Withholding Estimator, which can help you manage having too much or too little tax withheld from your wages. This information is not intended to substitute for specific individualized tax advice. a Registered Investment Advisor.

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Marketing Marketing Taxes Economics 88

Cornerstone Financial Advisory

AUGUST 7, 2023

Markets were rattled initially by news that the Treasury raised its borrowing requirement for the third quarter by more than a quarter of a trillion dollars and on news that the Bank of Japan announced it would allow bond yields to rise after years of capping them. The information in this material is not intended as tax or legal advice.

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Marketing Marketing Medicine Taxes 92

Cornerstone Financial Advisory

JULY 3, 2023

Weekly Market Insights: Economy Continues Upward Trend Presented by Cornerstone Financial Advisory, LLC Stocks posted gains for the week to close out a stellar month, aided by positive economic data and reports that all major banks had passed the Federal Reserve’s annual stress test. The Nasdaq Composite index added 2.19%.

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Cornerstone Financial Advisory

MAY 8, 2023

1,2,3 Stocks See-Saw Renewed regional bank concerns weighed on investor sentiment last week, despite the rescue of a troubled bank before the start of the trading week. But worries were not isolated to regional banks. ” – Charlotte Brontë Need Last Year’s Tax Returns? Order a tax transcript.

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Cornerstone Financial Advisory

JULY 24, 2023

1,2,3 Earnings In Focus Entering its first big week of the second quarter earnings season, solid reports from the nation’s big banks rewarded investor optimism, sparking a rally that continued into mid-week. This information is not intended to substitute for specific individualized tax advice. VZ), Visa, Inc. (V), V), Alphabet, Inc.

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Cornerstone Financial Advisory

APRIL 17, 2023

After reports of a more pronounced slowdown in producer prices on Thursday, stocks surged higher, with technology and communication services companies leading the charge. This Week: Companies Reporting Earnings Monday: The Charles Schwab Corporation (SCHW), M&T Bank Corporation (MTB). The forecasts also are subject to revision.

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Cornerstone Financial Advisory

AUGUST 14, 2023

1,2,3 Tech Weighs On Stocks Stocks struggled last week, beginning on a strong note ahead of key inflation data and selling off mid-week in response to a downgrade of the banking sector by credit rating agency Moody’s and news of a steep drop in China’s exports. We suggest you discuss your specific tax issues with a qualified tax professional.

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Cornerstone Financial Advisory

AUGUST 21, 2023

banks by Fitch, a credit-rating agency. This Week: Companies Reporting Earnings Monday: Zoom Video Communications, Inc. (ZM) There’s no better time than the present to check your withholding status and make sure your paycheck accurately reflects the taxes you should be paying. The forecasts also are subject to revision.

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Marketing Marketing Economics Taxes 52

Brown Advisory

NOVEMBER 28, 2022

Central banks all over the world have responded with aggressive rate hikes to combat rising prices, which further exacerbated a market decline that began with the invasion of Ukraine. These exercises invite a long-term perspective, open communication and the active engagement of all family members.

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Planning Taxes Clients Strategic Planning 52

Brown Advisory

NOVEMBER 28, 2022

Central banks all over the world have responded with aggressive rate hikes to combat rising prices, which further exacerbated a market decline that began with the invasion of Ukraine. These exercises invite a long-term perspective, open communication and the active engagement of all family members. . Tax Loss Harvesting.

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Planning Taxes Clients Strategic Planning 52

Cornerstone Financial Advisory

MARCH 13, 2023

Stocks also were rattled when a west coast bank was placed into receivership on Friday following a run on deposits. The lower move was triggered by a specialty bank’s liquidity issues, though regional and money center banks could not escape the selling. The Nasdaq Composite index fell 4.71% for the week.

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Marketing Marketing Economics Taxes 59

Good Financial Cents

DECEMBER 14, 2022

After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. They may work in various industries, such as investment firms, accounting firms, banks, or the government. As per the name, investment banking is the industry that banks use to invest in other companies.

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Compliance Budgeting Accounting Insurance 87

Cornerstone Financial Advisory

MAY 22, 2023

Aiding the market’s upbeat mood was a positive update on deposit growth at a troubled regional bank. This Week: Companies Reporting Earnings Monday: Zoom Video Communications, Inc. (ZM) Here are some things taxpayers should know about the gig economy and taxes: Money earned through this work may be taxable. AZO), Intuit, Inc.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

OCTOBER 31, 2022

Did you know that the IRS has an app that makes it easy to check some things off your tax to-do list? Free File is a tax prep software for taxpayers whose 2021 total adjusted gross income was $73,000 or less. Find payment options, including IRS Direct Pay which allows you to pay tax bills directly from your bank account.

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Marketing Marketing Economics Taxes 89

Cornerstone Financial Advisory

SEPTEMBER 26, 2022

Global central banks moved in tandem with the Fed, as the Bank of England, Swiss National Bank, and Norway’s Norges Bank, among others, also hiked rates. Tax-Deductible Educator Expenses. This information is not intended to be a substitute for specific individualized tax advice. Another Rate Hike.

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Marketing Marketing Education Taxes 59

Cornerstone Financial Advisory

MAY 1, 2023

Stocks Rally As Attention Shifts To Fed’s May Meeting Presented by Cornerstone Financial Advisory, LLC Strong earnings from several mega-cap technology companies offset renewed regional banking jitters and weak economic data, leaving stocks higher for the week. The Nasdaq Composite index rose 1.28% for the week. Armed Forces.

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Cornerstone Financial Advisory

OCTOBER 3, 2022

During the previous week, the Bank of England (BOE) raised interest rates, and its prime minister announced unfunded tax cuts that the markets interpreted as inflationary. The Bank Of England Acts. With Shared Custody, Taxes Can Get Complicated. It may help if you research the Child Tax Credit as well.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

JANUARY 17, 2023

Stocks extended their gains to end the week as a few money center banks kicked off a new earnings season with upbeat reports. Tax Benefits For Charitable Giving. Giving back to others feels good and is a great way to support your community and those in need, but it also has tax advantages. Inflation’s Cooling Trend.

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Marketing Marketing Taxes Investment Advisor 59

Cornerstone Financial Advisory

JANUARY 9, 2023

The Fed has communicated that it’s looking for weakening in the labor market before it can feel confident higher rates are working to slow inflation. Friday: Bank of America Corporation (BAC), JPMorgan Chase & Co. This information is not intended to be a substitute for specific individualized tax advice.

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Marketing Marketing Economics Taxes 59

Cornerstone Financial Advisory

JULY 17, 2023

Despite some positive earnings surprises from several big banks and a major healthcare provider, stocks closed out a good week with a slight decline. In this case, a cash payment includes US or foreign currency and can also include cashier’s checks, bank drafts, traveler’s checks, or money orders. PNC), Prologis, Inc.

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Marketing Marketing Economics Taxes 52

Cornerstone Financial Advisory

AUGUST 28, 2023

1,2,3 Stocks Manage Gains Stock rallied on Monday on upbeat sentiment over the earnings release from a mega-cap semiconductor company scheduled for mid-week, only to see that momentum fizzle the following day on weak retail earnings and a credit downgrade of a handful of banks. Do the complicated tasks first. a Registered Investment Advisor.

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Cornerstone Financial Advisory

AUGUST 29, 2022

Thursday’s rally also got a boost from regional Federal Reserve Bank presidents, who suggested future rate hikes may be in line with market expectations. How to Check the Status of Your Federal Tax Refund. Filing taxes has become more seamless in recent years due to e-filing. Powell at Jackson Hole. ” – Katie Couric.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

JUNE 12, 2023

Amid little news, stocks drifted lower to start the week until Wednesday, when a solid early-day rally evaporated on news of the Bank of Canada’s surprise interest rate hike. State and local income tax refunds may be taxable and should be reported on your federal taxes. State taxes may apply to inheritances.)

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Marketing Marketing Insurance Taxes 59

Cornerstone Financial Advisory

OCTOBER 17, 2022

Monday: Bank of America Corporation (BAC), The Charles Schwab Corporation (SCHW). Friday: Verizon Communications, Inc. (VZ), Correctly classifying your workers is essential to avoid issues with taxes or liability. This information is not intended to be a substitute for specific individualized tax advice. Hiking In Fall.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

JANUARY 3, 2023

What Is The Premium Tax Credit? The premium tax credit (PTC) is a refundable credit that helps eligible individuals and families cover the premiums for their health insurance purchased through the Health Insurance Marketplace. Not filing a tax return using the filing status Married Filing Separately. ” – Adam Smith.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

JUNE 21, 2022

Stocks resumed their slide on Thursday as global central banks followed with their own rate hikes. While the IRS website might not be in your top bookmarks, the website is helpful for a lot of things regarding taxes. Use the IRS e-file system: a safe, easy, and common way to file your tax return. The enthusiasm was short-lived.

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Marketing Marketing Taxes Economics 52

Cornerstone Financial Advisory

SEPTEMBER 12, 2022

Stocks added to their gains on Thursday as the market digested another speech from Fed Chair Powell and a 0.75% hike by the European Central Bank. How Tax Transcripts Can Help You File an Accurate Tax Return. They suggest making an online account to see estimated tax payments, prior year adjusted gross income, and more.

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Marketing Marketing Taxes Economics 59

Cornerstone Financial Advisory

JULY 18, 2022

Monday: Bank of America (BAC), International Business Machines (IBM), The Goldman Sachs Group (GS), The Charles Schwab Corporation (SCHW). Friday: Verizon Communications, Inc. (VZ), This information is not intended to be a substitute for specific, individualized tax advice. The forecasts also are subject to revision.

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Marketing Marketing Economics Taxes 52

Brown Advisory

JUNE 2, 2016

Six central banks try to spur growth by introducing negative rates despite potential hazards from the unprecedented policy. The Bank of Japan, European Central Bank (ECB) and four of Europe’s other central banks are charging a fee, rather than paying interest, on money held in their reserves. In Too Deep?

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Banking Economics Communication Assets 52

Brown Advisory

MAY 3, 2018

The tax-exempt status of municipal bond income has helped to mitigate price erosion when rates rise, as each dollar of interest earned from a municipal bond is worth more to many buyers than a dollar of taxable income. investment-grade tax-exempt bond market. It often reflects how much it costs for banks to borrow from one another.

Taxes 52

Taxes Portfolio Valuation Clients 52

Brown Advisory

MAY 3, 2018

The tax-exempt status of municipal bond income has helped to mitigate price erosion when rates rise, as each dollar of interest earned from a municipal bond is worth more to many buyers than a dollar of taxable income. investment-grade tax-exempt bond market. It often reflects how much it costs for banks to borrow from one another.

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Taxes Portfolio Valuation Clients 52

Trade Brains

SEPTEMBER 21, 2023

It reported a healthy Profit after Tax of Rs. They have a client base that is in sectors from Aerospace & Defence to Banking, Communications, Consumer Electronics to Healthcare. The Company currently trades at a PE valuation of 11.73x, which is slightly higher than its peer Maharatnas. growing by ~17% from Rs.

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Budgeting Electronics Healthcare Consulting 59

Trade Brains

AUGUST 3, 2022

to aid the valuation of the company. IRFC borrows money from sources such as taxable and tax-free bond issuances, commercial papers, term loans from banks and financial institutions, external commercial borrowings, and more. It is majorly owned by the Government of India. IRFC was founded in December 1986.

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Transportation Engineering Government Consulting 52

ClearMoney

NOVEMBER 4, 2021

Momentum-focused strategies are banking on the sheer size of the premium outweighing the costs of that turnover. Exhibit 4 shows marked inconsistency in valuation characteristics for the three largest US equity momentum funds during the value premium rally of late 2020 through early 2021. This material is not a sales communication.

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Cornerstone Financial Advisory

JANUARY 16, 2024

On Friday, the start of earnings season brought mixed results from a handful of major banks. Bancorp (USB), Alcoa (AA) Thursday: M&T Bank Corporation (MTB), Northern Trust Corporation (NTRS) Friday: Schlumberger Limited (SLB), The Travelers Companies, Inc. 1,2,3,4,5 Source: YCharts.com, January 13, 2024.

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