Mergers & Acquisitions

PFM Expands Stable Value Capabilities with Planned Acquisition of Fiduciary Capital Management

PFM Expands Stable Value Capabilities with Planned Acquisition of Fiduciary Capital Management Asset purchase will accelerate PFM’s growth in the defined contribution marketplace PR Newswire PHILADELPHIA, Nov. 1, 2017 PHILADELPHIA , Nov. 1, 2017 /PRNewswire/ — PFM has announced an agreement to acquire the assets of Fiduciary Capital Management (FCM) that will allow PFM’s asset management business to expand its services to include “stable value” investments to qualified retirement plans such as a 401(k) and 457 plans. […]

Stock Analysts

Sinopec (SNP) Beats Q3 Earnings Estimates, Revenues Rise

China Petroleum and Chemical Corporation SNP , also known as Sinopec, reported third-quarter 2017 earnings per American Depositary Receipt (ADR) of $1.31, beating the Zacks Consensus Estimate of 97 cents and the year-ago quarter figure of $1.26. Also, revenues increased 19.5% year over year to 579,118 million yuan. Higher oil equivalent production and increased refinery throughput volumes primarily supported Sinopec’s Q3 numbers […]

Stock Analysts

Key Predictions for Q3 Earnings Reports of FLR and PWR

A few industrial companies are gearing up to report quarterly numbers later this week. The Q3 earnings season is in full swing, with about 272 S&P 500 companies having already reported results, reconfirming broad-based expectations of impressive earnings (as on Oct 27). Earnings of these companies (accounting for 64.2% of the index’s total market capitalization) are up 8.7% on 6.7% higher revenues […]

Stock Analysts

Key Predictions for Q3 Earnings Reports of W, STMP & More

The third-quarter reporting cycle is past the halfway mark with 272 S&P 500 members, representing 64.2% of the index’s total market capitalization, having already released their results. Picture Emerging Thus Far Per the latest Earnings Preview , total earnings of these companies are up 8.7% on a year-over-year basis (75.7% of the companies beat EPS estimates). […]

Economic Data

Let’s Usher In November

On this first day of November — following a robust October, which was the best trading month since February — the ADP ADP private-sector payroll wastes no time shedding light from the month of October from labor market activity. This also means Friday will bring us the non-farm payroll report from the Bureau of Labor Statistics (BLS) which together bring us more or less up to date on the health of the domestic jobs market. The latest ADP headline number was well out in front of expectations: 235K new private-sector jobs filled well surpassed the 190K analysts had expected. […]