Bank shares slide on report of rampant money laundering

Shares of JP Morgan tumbled 4.4%.

The consortium’s investigation found the documents identify more than $2 trillion in transactions between 1999 and 2017 that were flagged by financial institutions’ internal compliance officers as possible money laundering or other criminal activity, and $1.3 trillion of that activity took place at Deutsche Bank. Shares of Deutsche Bank dropped 7.7%.

Deutsche Bank has been under scrutiny for years. The bank, based in Frankfurt, Germany, agreed to pay the state of New York $150 million to settle claims that it broke compliance rules in its dealings with the sex offender Jeffrey Epstein. Epstein killed himself last August in a Manhattan federal jail while awaiting trial on sex trafficking charges.

German newspaper Sueddeutsche Zeitung reported last year that Deutsche Bank gave expensive gifts to senior Chinese officials and hired family members of Chinese elite as it was trying to establish itself as a major player

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Why GoDaddy Shares Rose 19% in August

What happened

Shares of GoDaddy (NYSE:GDDY) gained 19.1% in August 2020, according to data from S&P Global Market Intelligence. The gains started with a strong earnings report and continued when Facebook (NASDAQ:FB) said that GoDaddy’s e-commerce tools soon will be integrated into Instagram’s online shopping platform.

So what

The domain-name manager and provider of various online business tools saw shares rising as much as 15% on August 6, boosted by a solid earnings report. Sales increased 9% year over year, and earnings would have been positive if not for a one-time tax charge of $850 million. This settlement of tax receivables is expected to lower the company’s tax payments by more than $1 billion over the next 8 years.

A smaller jump followed on August 25 when Instagram presented a list of platform partners for its fledgling e-commerce operations. There are two active partners so far, and the smaller one

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Barrett Business Services’ Shares March Higher, Can It Continue?

TipRanks

3 ‘Strong Buy’ Stocks With Over 7% Dividend Yield

Markets are volatile, there can be no doubt. So far this month, the S&P 500 has fallen 9% from its peak. The tech-heavy NASDAQ, which had led the gainers all summer, is now leading the on the fall, having lost 11% since September 2. The three-week tumble has investors worried that we may be on the brink of another bear market.The headwinds are strong. The usual September swoon, the upcoming election, doubts about another round of economic stimulus – all are putting downward pressure on the stock markets.Which doesn’t mean that there are no opportunities. As the old saw goes, “Bulls and bears can both make money, while the pigs get slaughtered.” A falling market may worry investors, but a smart strategy can prevent the portfolio from losing too much long-term value while maintaining a steady income. Dividend stocks, which

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Broadridge Financial Solutions Inc (BR) CEO Timothy C Gokey Sold $8.5 million of Shares

30-Year Financial, Insider Trades) Timothy C Gokey (insider trades) sold 61,444 shares of BR on 08/17/2020 at an average price of $138.87 a share. The total sale was $8.5 million.” data-reactid=”12″CEO of Broadridge Financial Solutions Inc (30-Year Financial, Insider Trades) Timothy C Gokey (insider trades) sold 61,444 shares of BR on 08/17/2020 at an average price of $138.87 a share. The total sale was $8.5 million.

the business predictability rank of 4.5-star. GuruFocus has detected 3 severe warning signs with Broadridge Financial Solutions Inc. .” data-reactid=”23″Broadridge Financial Solutions Inc provides investor communications & technology-driven solutions to banks, broker-dealers and corporate issuers. Its services include investor & customer communications, securities processing & data & analytics solutions. Broadridge Financial Solutions Inc has a market cap of $16.07 billion; its shares were traded at around $139.57 with a P/E ratio of 35.15 and P/S ratio of 3.61.

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