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Jamie Dimon says society should start preparing for AI job displacement: ‘Now’s the time to start thinking about’ it
Yahoo Finance· 2026-02-25 18:39
Jamie Dimon wants society to start worrying about AI-driven job loss before it actually happens. The longtime JPMorgan Chase CEO told investors at a company event on Tuesday that businesses and governments need to start preparing now in order to handle the labor disruption that AI could bring. “I’m not predicting [it] can be a problem. I’m simply saying now’s the time to start thinking about what you do if it does,” Dimon warned. In characteristically blunt fashion, the CEO added that JPMorgan wasn’t ...
AVDE Is Up 43% Over the Past Year and Still Paying Growing Dividends
247Wallst· 2026-02-25 18:38
Core Viewpoint - Avantis International Equity ETF (AVDE) has experienced a 43% increase over the past year while also significantly growing its dividend payouts, raising questions about the sustainability of its distribution yield of 2.19% [1]. Group 1: Income Generation - AVDE is a passively managed fund that invests in international companies across Europe, Asia-Pacific, and North America, relying solely on dividends from its holdings for income [1]. - The fund has $13.1 billion in net assets, a low expense ratio of 0.23%, and a portfolio turnover rate of just 3%, indicating a buy-and-hold investment strategy [1]. Group 2: Distribution History - AVDE's annual payouts have consistently increased since its inception, growing from $0.93 in 2020 to $2.02 in 2024, more than doubling in four years [1]. - The June 2025 payment of $1.2479 per share marked a 6.5% increase compared to the same period in 2024, continuing the upward trend in distributions [1]. Group 3: Portfolio Risks - The fund's income is heavily dependent on the performance of European financial institutions and global energy companies, with significant holdings in banks like HSBC, Barclays, BBVA, and Santander [1]. - A favorable yield curve environment, indicated by a 10Y-2Y spread of 0.60%, supports the net interest margins of these banks, which is a positive sign for income sustainability [1]. - The fund's geographic diversification across multiple countries mitigates single-country risk, while its low turnover suggests a conservative approach to yield generation [1]. Group 4: Total Return Context - AVDE's price has increased by 10.9% year-to-date in 2026, attributed to a weaker dollar, recovering European equity valuations, and strong performance from its financial sector holdings [1]. - Over the past year, the fund's total return, combining income and capital appreciation, has been substantial, highlighting that the 2.19% yield does not fully capture its overall contribution to a portfolio [1]. Group 5: Verdict - The sustainability of AVDE's distribution appears strong, supported by six years of consistent and mostly growing payouts, a diversified portfolio, and a favorable macroeconomic environment for its key sectors [1].
平安银行股份有限公司关于赎回优先股的第三次提示性公告
Shang Hai Zheng Quan Bao· 2026-02-25 18:12
证券代码:000001 证券简称:平安银行 公告编号:2026-007 优先股代码:140002 优先股简称:平银优01 登录新浪财经APP 搜索【信披】查看更多考评等级 平安银行股份有限公司 关于赎回优先股的第三次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假记载、误导性陈述或重大遗 漏。 平安银行股份有限公司(以下简称本行)于2016年3月非公开发行2亿股优先股(以下简称本次优先 股),优先股简称:平银优01,优先股代码:140002。根据《平安银行股份有限公司非公开发行优先股 募集说明书》约定,自发行之日起5年后,根据国务院银行业监督管理机构的批准,本行有权赎回全部 或部分本次优先股。经本行董事会审议通过,并经国家金融监督管理总局答复无异议,本行拟于2026年 3月9日赎回本次优先股,现将有关赎回事宜提示如下: 一、赎回规模 本行拟赎回全部2亿股本次优先股,每股面值人民币100元,总规模人民币200亿元。 三、赎回时间 2026年3月9日。 四、付款时间及方法 本行于2026年3月9日向本次优先股股东支付其所持有的优先股票面金额和当期应付股息。 二、赎回价格 本次优先股的 ...
Santander's Botin total compensation rises 34.6% in 2025 to 18.54 mln euros
Reuters· 2026-02-25 18:06
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Santander's Botin total compensation rises 34.6% in 2025 to 18.54 mln euros February 25, 20266:06 PM UTCUpdated ago By Reuters Ana Botin, CEO of Santander, attends a press conference to launch Openbank Mexico in Mexico City, Mexico February 18, 2025 REUTERS/Raquel Cunha Purchase Licensing Rights, opens new tab MADRID, Feb 25 (Reuters) - Santander's (SAN.MC), opens new tab executive chair Ana B ...
POTOMAC BANK ANNOUNCES CONTINUED PARTNERSHIP WITH THE MOUNTAIN STATE APPLE HARVEST FESTIVAL (MSAHF)
Prnewswire· 2026-02-25 18:00
festivities spanning over multiple days.In the fall of 1979, business and community leaders in the Eastern Panhandle came together with the intention of creating a "signature event" to include all five counties of the broader area, which would become a staple of the Mountain State's culture.From this initial idea, the Mountain State Apple Harvest Festival board set about organizing contests, entertainment and craft shows that showcase the apple orchard heritage of the area.Our Queen Pomona who serves as the ...
Goldman Sachs revamps gold price target for the rest of 2026
Yahoo Finance· 2026-02-25 17:47
Core Viewpoint - Gold has experienced a significant price surge, reaching an all-time high of nearly $5,589 in January 2026, and stabilizing above $5,000, with current trading around $5,187 per ounce, indicating a strong upward trend [1] Group 1: Goldman Sachs' Price Target - Goldman Sachs raised its year-end 2026 gold price target to $5,400 per ounce from a previous forecast of $4,900, reflecting a shift in the demographics and motivations of gold buyers [2][3] - The bank emphasizes that the current demand for gold is driven by structural macro risks rather than short-term events, with central banks playing a crucial role in this demand [4] Group 2: Central Bank Purchases - Goldman forecasts that central banks will purchase an average of 60 tonnes of gold per month in 2026, driven by emerging market reserve managers diversifying their holdings away from dollar-centric assets [4][8] - China's central bank has extended its gold purchases for 15 consecutive months as of January 2026, highlighting the sustained demand from central banks [5][8] Group 3: Private Investor Behavior - Western exchange-traded funds (ETFs) have added approximately 500 tonnes of gold since the beginning of 2025, indicating a structural reallocation of assets rather than a tactical response to interest rate cuts [7][8] - High-net-worth individuals and family offices are increasingly purchasing physical gold bars, while institutions are buying call options on gold ETFs as a hedge against concerns over fiscal sustainability and central bank independence [7][8] Group 4: New Demand Drivers - The growing concern over government debt levels and long-term monetary stability has introduced a new category of demand for gold, referred to as the "debasement trade," which was not as prominent in previous gold cycles [8]
Saipem says Deep Value Driller deal falls through
Reuters· 2026-02-25 17:36
Core Viewpoint - Saipem announced that it will not proceed with the acquisition of Deep Value Driller AS' drilling unit as the seller opted for another buyer, and the company is considering legal action to protect its interests [1] Company Summary - Saipem's planned acquisition of Deep Value Driller AS' drilling unit has fallen through due to the seller choosing a different buyer [1] - The company has stated that it reserves the right to take appropriate legal action to safeguard its interests and rights [1] - Saipem's financial guidance for 2026 remains unchanged despite the failed acquisition [1]
长沙银行股份有限公司关于建设金融技术业务用房项目进展的公告
Shang Hai Zheng Quan Bao· 2026-02-25 17:34
证券代码:601577 证券简称:长沙银行 编号:2026-003 二、对外投资进展情况 近日,本行已竞拍取得[2025]长沙市089号地块用于建设本行数据中心,并就该地块与长沙市自然资源 和规划局签订了《国有建设用地使用权出让合同》,出让合同主要内容如下: 长沙银行股份有限公司 关于建设金融技术业务用房项目进展的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏,并对其内容的 真实性、准确性和完整性承担法律责任。 一、对外投资概述 2025年1月26日,长沙银行股份有限公司(简称"本行"或"长沙银行")召开第七届董事会第二十二次临 时会议,审议通过了《关于长沙银行股份有限公司调整新金融产业园项目暨建设金融技术业务用房项目 的议案》,董事会同意授权本行经营层全权负责在总投资309,994万元范围内推进金融技术业务用房项 目整体工作,具体内容详见本行分别于2025年1月27日、2025年3月21日在上海证券交易所网站 (www.sse.com.cn)披露的《关于调整新金融产业园项目暨建设金融技术业务用房项目的公告》(公告 编号:2025-005)、《关于建设金融技术业务用房项目进 ...
Major bank boosts MicroStrategy stake despite record Wall Street short pressure
Yahoo Finance· 2026-02-25 17:32
While the financial elite have often dismissed cryptocurrency, the matter seems to have come to a head as it turns out Wall Street's most shorted stock is the world's leading Bitcoin (BTC) treasury company. According to Goldman Sachs’ hedge fund positioning data, Strategy (Nasdaq: MSTR) occupies the top spot among the most shorted large-cap U.S. stocks. It's a sharp turnaround from a year ago when it wasn't even among the top 50 shorted stocks. The bet against MSTR is reflective of the broader market pes ...
Bank of Hawaii (BOH) Up 2.8% Since Last Earnings Report: Can It Continue?
ZACKS· 2026-02-25 17:31
It has been about a month since the last earnings report for Bank of Hawaii (BOH) . Shares have added about 2.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Bank of Hawaii due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Bank of Hawaii Corporation before we dive into how investors and analysts have reacted as of late.Bank of ...