That’s not a surprise, given that a steadily growing U.S. economy over the long run is going to need more available capital for consumers to buy goods and services. The industrials are still 6.4% shy of the record highs reached in early January 2022, FactSet data show, while the transports are still more than 13% below their record highs from early November 2021. Although the S&P 500 and Nasdaq already have seen impressive gains this year, there’s plenty of room for other areas of the market to power higher.
United Bankshares (UBSI) Declares $0.36 Dividend.
Posted: Fri, 12 May 2023 07:00:00 GMT [source]
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The headline numbers for United Bankshares (UBSI) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street… On Monday, however, China’s economy expanded just 0.8% in the second quarter, weighed down by weak exports and retail sales. Futures for the Dow Jones Industrial Average declined 93 points, or 0.3%, to 34,585. The indexes were near 52-week highs last week as inflation data came in weaker than expected, tempering expectations for how high Federal Reserve interest rates may go. U.S. stock futures were mixed on Monday after disappointing data from China, the world’s second-biggest economy, raised concerns about global growth.
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Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. As of December 31, 2021, the company operated 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia. The Company, through its subsidiaries, engages primarily in community banking and mortgage banking. The community banking segment includes both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing and consumer loans. In addition, the community banking segment also provides various deposit products.
What’s even more noteworthy is that two of these 10 months resulted in a figure below 43.5. ISM Manufacturing New Orders Index has fallen below 43.5, the U.S. economy fell into a recession. While it’s possible that M2 is simply correcting lower after a record expansion of the U.S. money supply during the COVID-19 pandemic, it may also signal that a period of high inflation is suppressing consumer purchases. History has not been kind when M2 money supply falls by at least 2%. While the Dow Theory signal hasn’t technically been issued yet, he said it likely will emerge soon, once new 52-week highs have been cemented, barring a sudden swoon for markets.
United Bankshares announced a quarterly dividend on Wednesday, May 10th. Investors of record on Friday, June 9th will be paid a dividend of $0.36 per share on Monday, July 3rd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.83%.
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual https://forex-world.net/strategies/4-best-scalping-trading-strategies/ retirement accounts; and demand deposits, statement and special savings, NOW accounts, and interest-bearing checking accounts. Its loan products include commercial loans and leases; construction and real estate loans; personal, student, credit card, commercial, and floor plan loans; and home equity loans.
When it comes to dividend investing, not all bank stocks are created equal. You’ll note that we’re seeing the fourth occurrence right now, with U.S. commercial bank credit 1.79% below it’s all-time high, set in February 2023. If banks are making it tougher to borrow, it usually represents a bad sign for corporate America. As you can see from the chart above, the three-month/10-year Treasury yield is at its largest https://topforexnews.org/news/weekly-natural-gas-storage-report/ inversion in more than four decades. When short-term bonds have substantially higher yields than longer-dated notes, it’s typically an indication that investors see trouble ahead for the U.S. economy. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage https://currency-trading.org/currency-pairs/cad-jpy/ buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. 6 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for United Bankshares in the last year.
