Shares of Paypal Holdings Inc (NASDAQ:PYPL) ended Wednesday session in red amid volatile trading. The shares closed down -0.02 points or -0.05% at $37.55 with 8.67 million shares getting traded. Post opening the session at $37.53, the shares hit an intraday low of $37.06 and an intraday high of $37.70and the price vacillated in this range throughout the day. The company has a market cap of $44.88 billion and the numbers of outstanding shares have been calculated to be 1.21 billion shares.
Paypal Holdings Inc (PYPL) on April 27, 2016 Provided 2016 Financial Guidance.
Full Year 2016
- PayPal reiterates full year 2016 guidance.
- PayPal expects net revenues to grow 16% – 19% on an FX-neutral basis, and 14% – 16% at current spot rates to a range of $10.5 to $10.7 billion. PayPal anticipates that currency will be an approximate 3 point headwind on net revenues.
- PayPal expects GAAP earnings per diluted share in the range of $1.09 – $1.14 and non-GAAP earnings per diluted share in the range of $1.45 – $1.50.
- Estimated non-GAAP amounts above for the twelve months ending December 31, 2016, reflect adjustments of approximately $585 – $615 million in the aggregate that primarily exclude estimates of the following items: stock-based compensation expense, employer payroll taxes on stock-based compensation, and amortization of acquired intangible assets.
Shares of JPMorgan Chase & Co. (NYSE:JPM) ended Wednesday session in green amid volatile trading. The shares closed up +0.16 points or 0.25% at $65.22 with 9.43 million shares getting traded. Post opening the session at $64.93, the shares hit an intraday low of $64.92 and an intraday high of $65.48and the price vacillated in this range throughout the day. The company has a market cap of $237.68 billion and the numbers of outstanding shares have been calculated to be 3.66 billion shares.
On June 8, 2016 J.P. Morgan Asset Management – Global Real Assets recently hosted its 2016 Global Real Assets Conference in New York. Now in its 16th year, the annual forum brought together CIOs, heads of real assets, heads of real estate, heads of infrastructure, other investment professionals from leading defined benefit and defined contribution plans, insurance providers, endowments and foundations, and consultants to discuss trends and strategies in real estate, infrastructure and maritime investing around the globe.
Current industry sentiments were captured through a series of polling questions to the group of 155 attendees, including representatives from 130 U.S. and international institutional investors, who travelled from as far as Australia, Korea and Japan to attend. Responses revealed:
- 51% of attending investors currently allocate 7% to 15% of their total portfolio to real assets with18% of attending investors allocating more than 15%.
- 75% of attending investors plan to increase their allocation to real assets in the next five years.
- 41% of attending investors view infrastructure as the most interesting real asset investment opportunity to add to a domestic core real estate allocation.
“In the face of volatile equity markets and inadequate bond yields, we’re seeing investor interest in real assets spike,” said Bernie McNamara, Head of Global Real Assets Client Strategy and Omni Solutions, J.P. Morgan Asset Management. “As they have long done with fixed income and equities, investors are now building larger and more diversified real assets allocations by adding global and sector exposure, including infrastructure, maritime and international real estate to the real asset mainstay, domestic core real estate.”
