The Reformed Broker
MARCH 27, 2023
This is it. The only chart you need to concern yourself with now if you’re trying to figure out where the economy is heading. Construction and Industrial (C&I) loans are a $2.8 trillion business (approximately) for banks all over the country. If they roll over, we have a soft landing. If they roll over hard, we have a hard landing. It’s not complicated, the only thing that’s up in the air is the tim.
Nerd's Eye View
MARCH 27, 2023
When consumers shop around before buying a good or service, many factors can play a role in their final decision, from previous experiences to the recommendations of friends and even to the companies’ branding. And when it comes to how a consumer perceives a brand, there are three critical components that come into play: brand awareness (simply knowing that the brand exists), recognition (recognizing a brand for its unique components and features), and brand equity (the value associated wi
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Abnormal Returns
MARCH 27, 2023
Companies Elliott Management is giving up its proxy fight with Salesforce ($CRM). (axios.com) The first wave of job cuts at Disney ($DIS) are here. (barrons.com) Chewy ($CHWY) says customers are pulling back. (finance.yahoo.com) Elon Musk thinks Twitter is worth $20 billion. (wsj.com) Banking First Citizens ($FCNCA) is taking over SVB's deposits and loans.
Wealth Management
MARCH 27, 2023
Significant loan maturities coming up over the next three years might cause problems for office owners, reports Commercial Property Executive. Bisnow looks at a new REIT type that might come on the market. These are among today’s must reads from around the commercial real estate industry.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Abnormal Returns
MARCH 27, 2023
Podcasts Rick Ferri talks investor behavior with Daniel Crosby. (bogleheads.podbean.com) Justin Castelli is talking with the authors of "More Than Money" including Elliott Appel of Kindness Financial Planning. (allaboutyourbenjamins.com) Jack Forehand and Justin Carbonneau talk with Ehren Stanhope of O'Shaughnessy Asset Management about the ins and outs of direct indexing.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MARCH 27, 2023
The Real Deal does a deep dive on how multifamily borrowers navigated the initial tumult of the banking crisis. Elon Musk sounded the alarm on Twitter about real estate, reports Insider. These are among today’s must reads from around the commercial real estate industry.
Investment Writing
MARCH 27, 2023
Can you spot what’s wrong in the image below? Please post your answer as a comment. I think this one is pretty easy to spot. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for March 27: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.
Wealth Management
MARCH 27, 2023
SVB Private Wealth, with about $16 billion in assets, is part of the First Citizens' "whole bank purchase" of Silicon Valley Bank.
MarketWatch
MARCH 27, 2023
Shares of First Republic Bank FRC surged 24% in premarket trading on Monday and led a swathe of regional lenders higher, following news of that failed Silicon Valley Bank finally has a buyer. The Federal Deposit Insurance Corp. announced earlier on Monday that First Citizens BancShares Inc. FCNCA has entered a deal to assume all loans and deposits of Silicon Valley Bridge Bank, which was created by the FDIC following the closure of Silicon Valley Bank.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Nationwide Financial
MARCH 27, 2023
Thoughts Equity markets look to extend their winning streak to three weeks despite continued uncertainty in the banking sector. Markets have displayed remarkable resilience, with the S&P 500® Index currently showing a modest gain for March and a 4% year-to-date return. While the directional moves recently have been muted, intraday volatility has been elevated, with an average trading range of 2.0% over the past two weeks.
Wealth Management
MARCH 27, 2023
John Woods pleaded to one count of wire fraud for a Ponzi scheme that stretched over 10 years, according to the DOJ; the fraud also resulted in Oppenheimer & Co. facing a $35 million fine from FINRA arbitrators.
XY Planning Network
MARCH 27, 2023
4 MIN READ Are you still hiring or already onboarding? And no, onboarding is not referring to boarding the plane to your next vacation adventure you certainly earned. The term onboarding refers to the full integration of a new employee into the workplace. Subsequently, the onboarding experience of a new hire should not be limited to completing the required documentation of an I-9, W-4, and benefits enrollment.
Wealth Management
MARCH 27, 2023
The Brooklyn project will be an important test for Lendlease Corp., the Australian developer that’s building 1 Java and seeks to eventually eliminate emissions entirely from its global operations.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Getting Your Financial Ducks In A Row
MARCH 27, 2023
Photo credit: jb With all of the conversation going on with regard to Roth IRA Conversions, I thought it would be useful to address a special set of circumstances with regard to Conversions. As the title implies – we’re talking about the eligibility of an IRA for conversion if it is also subject to a Series of Substantially Equal Periodic Payments (SOSEPP), commonly referred to as 72t payments.
Wealth Management
MARCH 27, 2023
What the surplus of subleased space available in today’s office market means for investors and how they can best operate in the changing landscape.
Advisor Perspectives
MARCH 27, 2023
A simple annuity can effectively replace bond holdings in a retirement plan that are earmarked to meet the lifetime spending goal. The question is why should a retiree hold any bonds in the portion of their asset base designed to cover ongoing retirement spending goals?
Wealth Management
MARCH 27, 2023
Despite near-term challenges, industry participants see significant growth opportunities for real estate interval funds over the longer term.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
MarketWatch
MARCH 27, 2023
Shares of Energy Transfer LP ET rose 0.9% in premarket trading Monday, after the pipeline company announced an agreement to buy fellow Texas-based developer of crude oil transport infrastructure Lotus Midstream LLC in a deal valued at $1.45 billion. Under terms of the deal, Energy Transfer will pay $900 million in cash and issue about 44.5 million new shares, representing about 1.44% of the shares outstanding.
Wealth Management
MARCH 27, 2023
In a market environment that tempts panic, a recent study reminds us that many foundations are here for something bigger.
MarketWatch
MARCH 27, 2023
U.S. stocks opened higher on Monday as signs of banking-sector stress waned and investors bet on multiple Federal Reserve interest-rate cuts before the end of 2023. The S&P 500 SPX gained 25 points, or 0.6%, to 3,996. The Dow Jones Industrial Average DJIA rose by 255 points, or 0.8%, to 32,493. The Nasdaq Composite COMP advanced 42 points, or 0.4%, to 11,866.
Wealth Management
MARCH 27, 2023
Over the last few weeks, the firm’s advisors and clients have scattered, causing the unit’s assets and profitability to dwindle.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
MarketWatch
MARCH 27, 2023
Shares of Blackbaud Inc. BLKB shot up 14.1% toward a 13-month high in premarket trading, after its largest shareholder Clearlake Capital Group L.P. disclosed a bid to buy all the outstanding Blackbaud shares for $71 each, a 22.8% premium to Friday’s closing price of $57.83. The per-share bid would value the provider of software for the philanthropic community at about $3.78 billion.
Wealth Management
MARCH 27, 2023
Despite assurances from CEO Walt Bettinger and the Charles Schwab himself, questions around the comnpany won't go away.
MarketWatch
MARCH 27, 2023
Shares of Caterpillar Inc. CAT fell 1.3% toward a five-month low in premarket trading Monday, enough to pace the Dow Jones Industrial Average’s DJIA decliners, after Baird analyst Mircea Dobre turned bearish, citing the belief they are nearing a “cyclical pivot point” that will lead to underperformance. Dobre cut his rating to underperform, a little more than two months after lowering to neutral. while lowering his stock price target to $185 from $230.
Wealth Management
MARCH 27, 2023
John O’Connell of the Oasis Group offers advice around how to approach the cybersecurity challenge.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
MarketWatch
MARCH 27, 2023
Shares of Carnival Corp. CCLUK:CCL climbed 4.7% in morning trading Monday, after the cruise operator reported better-than-expected fiscal first-quarter results, amid record bookings, but provided a downbeat second-quarter outlook. The net loss for the quarter to Feb. 28 narrowed to $693 million, or 55 cents a share, from $1.89 billion, or $1.66 a share, in the year-ago period.
Wealth Management
MARCH 27, 2023
Joel Bruckenstein breaks down why cybersecurity, AI and machine learning are hot topics in 2023.
Advisor Perspectives
MARCH 27, 2023
The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for March. The latest general business activity index came in at -15.7, down 2.2 from last month. The general business activity index has been in contraction territory since May of last year. The 3-month moving average is up 1.5 this month to -12.5, its lowest since June 2022. All figures are seasonally adjusted.
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