|Bid||369.55 x 1300|
|Ask||369.68 x 900|
|Day's range||362.78 - 370.87|
|52-week range||185.52 - 393.26|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||9.16|
|Forward dividend & yield||5.00 (1.38%)|
|1y target est||401.35|
The Federal Reserve on Thursday said it will lift COVID-era dividend and share buyback restrictions on the largest banks, potentially setting up big bank shareholders for a windfall of capital distributions.
Mike Mayo, Wells Fargo Senior Analyst, joins Yahoo Finance Live to break down the outlook for big banks, weigh in on broader markets amid the pandemic and discuss the outlook for the Fed’s monetary policy.
The move will see the build of a new battery gigafactory in Europe and the development of energy cells for Volvo’s electric-only sister brand Polestar.