4 Stocks, 4 trades: EL, CMCSA, JPM & DIS The FMHR traders take their positions on four stocks making news today, including forward guidance hurting Estee Lauder's stock, and "Straight Outta Compton" at this weekend's box office.
U.S. bank stocks sell off as investors bet the Fed will wait NEW YORK, Aug 12- U.S. bank stocks fell 1.9 percent on Wednesday as investors bet that a weaker yuan will delay the Federal Reserve rate hikes that are expected to boost bank profits. The yuan weakened for a second straight day on Wednesday after China devalued its main reference rate on Tuesday, and the currency hit a four-year low against the dollar, further...
| By: Dan Freed and Olivia Oran
Rising profits at big U.S. banks boost executive pay - KBW Aug 3- Top executives at big U.S. banks received fatter paychecks last year as profits rose, brokerage Keefe, Bruyette& Woods said on Monday. Total compensation for all top U.S. banks rose in 2014 with the exception of Citigroup Inc, KBW analysts wrote in a note. Average pay increase was the most at Morgan Stanley, while Goldman Sachs Group Inc paid the most to its top...