We would expect additional M&A after Anadarko’s (APC) purchase by Chevron (CVX). Occidental (OXY) possible higher bid for APC according to news reports leaves at least one potential buyer looking. Devon (DVN) and Pioneer Natural (PXD) appear most likely takeouts...
Flat yield curve drives bank stock valuations down, despite signs of continued, though slower, economic growth The outlook for the U.S. economy continues to grow more subdues. We have not heard any predictions of a recession in 2019, but the word is appearing in more...
Slower economic growth and unfavorable yield curve present challenges, still anticipating modest EPS growth for banks in the first quarter of 2019. The economy continues to perform well in 2019, though there’s no question that the pace of growth has slowed compared to...
We are cautiously optimistic on Energy and the market for 1H19 where we expect higher than normal correlation between SPX 500 & WTI. Data continues to be negative on the demand side, though investors seem to be looking through numbers for the Fed to be...
Old Line reported 3Q18 net income of $10.2 million, up 23.0% from the $8.3 million recorded in 3Q18. On a per share basis, 4Q18 came in at $0.59 versus the $0.48 posted in 3Q18 and the $0.46 recorded in the year-ago quarter. Included in 3Q18 results was $2.3 million...
The Puerto Rico economy faces significant challenges related to the government debt crisis and the hurricane recovery, but insurance proceeds and federal recovery funds, coupled with initiatives by the private sector, are providing a significant boost the economy in...
