Banco Santander (SAN) -4.8%, Banco Bilbao Vizcaya Argentaria (BBVA) -4% and other Spanish bank stocks are falling in Tuesday morning trading after the country imposed new taxes on…
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Spanish banks fell sharply on Tuesday after the Spanish government reportedly announced a temporary tax on financial institutions and power companies to help individuals cope with high inflation and power bills. Shares of Bano de Sabadell and CaixaBank each fell over 8%, while BBVA and Banco Santander lost more than 5% each. In his state of the nation address to parliament, Prime Minister Pedro Sanchez said the government would raise 7 billion euros ($7.02 billion) for 2023-2024 by tax on extraordinary profits for the two sectors for the next two years, Reuters reported. He said €2 billion each year would be raised from power companies and €1.5 billion each year from banks. Spain has one of the highest inflation rates in the eurozone bloc, as Russia''s war in Ukraine has driven up costs of commodities around the world, but especially in Europe. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Kaspien Holdings (KSPN) -16%.United Maritime (USEA) -7%.The Gap GPS -6% after CEO unexpectedly steps down; downgraded at Wells Fargo after CEO exit.Banco Bilbao Vizcaya Argentaria…
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Life Insurance Market 2022-2028 New Jersey, NJ -- ( SBWIRE ) -- 07/08/2022 -- Life Insurance Market - Global Trends, Insights to 2028 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Life Insurance Market. Some of the key players profiled in the study are ACE Insurance, Achmea, AEGON, AIA Group, AlfaStrakhovanie, Allianz, Anadolu Hayat Emeklilik, Assicurazioni Generali, Assurant, Aviva, AXA, Banamex, Banco Bilbao Vizcaya Argentaria, Banco Bradesco, BNP Paribas Cardif, China Life Insurance Company, China Pacific Insurance, CNP Assurances, Credit Agricole, DZ Bank, Garanti Emeklilik ve Hayat, Great Eastern Holdings, Grupo Nacional Provincial, Hanwha Life Insurance Company, HDFC Standard Life Insurance Company & ICICI Prudential Life Insurance Company.
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On Wednesday, 193 stocks hit new 52-week lows. Significant Points From Today''s 52-Week Lows: The largest company by market cap to set a new 52-week low was Shell (NYSE: SHEL ) . Grom Social Enterprises (NASDAQ: GROM ) was the smallest firm on a market cap basis to set a new 52-week low. Kornit Digital (NASDAQ: KRNT ) ''s stock traded down the lowest, falling 30.17% to reach a new 52-week low. Sierra Metals (AMEX: SMTS ) shares rebounded the highest, with shares trading up 0.01%, bouncing back after reaching its new 52-week low. The following stocks achieved new 52-week lows on Wednesday: Caterpillar (NYSE: CAT ) shares moved down 2.08% on Wednesday to hit a new 52-week low of $169.72, drifting down 2.08%. Banco Santander (NYSE: SAN ) stock hit a new 52-week low of $2.56. The stock was down 4.63% on the session. Freeport-McMoRan (NYSE: FCX ) shares moved down 2.71% on Wednesday to hit a new 52-week low of $26.21, drifting down 2.71%. Eni (NYSE: E ) shares set a new 52-week low of $21.61.
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Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today announced it will participate in the William Blair Growth Stock Conference in Chicago on Wednesday, June 8, 2022. Assurant president and chief executive officer Keith Demmings will present an overview of Assurant’s strategic vision and competitive advantages,
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Personal Insurance Market 2022 New Jersey, NJ -- ( SBWIRE ) -- 05/26/2022 -- Personal Insurance Market, Global Outlook and Forecast 2022-2028 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Personal Insurance Market. Some of the key players profiled in the study are ACE Insurance, Achmea, AEGON, AIA Group, AlfaStrakhovanie, Allianz, Anadolu Hayat Emeklilik, Assicurazioni Generali, Assurant, Banamex, Banco Bilbao Vizcaya Argentaria, Banco Bradesco, BNP Paribas Cardif, China Life Insurance Company, China Pacific Insurance, CNP Assurances, Credit Agricole, DZ Bank, Garanti Emeklilik ve Hayat, Great Eastern Holdings, Grupo Nacional Provincial, Hanwha Life Insurance Company, HDFC Standard Life Insurance Company & ICICI Prudential Life Insurance Company.
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At the close of the New York Stock Exchange, the Dow Jones fell 3.57% to a 52-week low, the S&P 500 lost 4.04% and the NASDAQ Composite fell 4.73%. The leading performer among the components of the Dow Jones index today was Verizon Communications Inc, which shed 0.05 points (0.10%) to close at 48.89. Amgen Inc lost 0.57% or 1.39 points to close at 243.96. Merck & Company Inc shed 0.90 points or 0.97% to close at 92.10. The biggest losers were Walgreens Boots Alliance Inc, which shed 3.77 points or 8.39% to end the session at 41.17. Coca-Cola Co was up 6.96% or 4.58 points to close at 61.20 while Walmart Inc was down 6.79% or 8.92 points to close at 122. .43. Leading gainers among the S&P 500 index components in today''s trading were TJX Companies Inc, which rose 7.12% to 60.19, Assurant Inc, which gained 1.31% to close at 186.85, and shares of NRG Energy Inc, which rose 1.24% to end the session at 45.76. The drop leaders were shares of Target Corporation, which lost 24.93% to close at 161.61.
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Companies Reporting Before The Bell • Weyerhaeuser (NYSE: WY ) is projected to report quarterly earnings at $1.19 per share on revenue of $2.93 billion. • Magna International (NYSE: MGA ) is estimated to report quarterly earnings at $1.59 per share on revenue of $9.31 billion. • MISTRAS Group (NYSE: MG ) is estimated to report earnings for its first quarter. • TC Energy (NYSE: TRP ) is projected to report quarterly earnings at $1.11 per share on revenue of $3.60 billion. • Professional Holding (NASDAQ: PFHD ) is expected to report quarterly earnings at $0.34 per share on revenue of $19.54 million. • nVent Electric (NYSE: NVT ) is projected to report quarterly earnings at $0.44 per share on revenue of $625.66 million. • Chart Industries (NYSE: GTLS ) is estimated to report quarterly earnings at $0.55 per share on revenue of $354.90 million. • TAL Education (NYSE: TAL ) is estimated to report quarterly loss at $0.12 per share on revenue of $1.33 billion. • W.P. Carey (NYSE: WPC ) is projected to report quarterly earnings at $0.
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