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The Zacks Analyst Blog Highlights: Goldman Sachs, JPMorgan, Barclays and Bank of America

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For Immediate Release

Chicago, IL – March 1, 2019 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Goldman Sachs (GS - Free Report) , JPMorgan (JPM - Free Report) , Barclays PLC (BCS - Free Report) and Bank of America Corp. (BAC - Free Report) .

Here are highlights from Thursday’s Analyst Blog:

EU Rolls Out Strict Rules for Foreign Investment Managers

Per a Reuters report, recently, European Union (EU) governments and lawmakers finalized a deal per which foreign-based investment managers operating in the eurozone will be under strict supervision. These firms include investment firms offering "bank-like" services, together with proprietary trading and underwriting of financial instruments.

The agreement, earlier, was entered into this January by EU states. Therefore, the final deal will augment the European Commission's powers in finalizing the firms to be given access to EU clients, along with more control over London-based financial firms after Britain exits the EU.

The revamping of rules also imposed stricter liquidity and capital requirements to large EU investment firms, which tightened an initial proposal initiated by the European Commission in December 2017.

“The agreement further strengthens the equivalence regime that would apply to third country investment firms,” the EU noted in a statement. The Commission will also be empowered to evaluate the compatibility of foreign rules with EU regulations.

About 3,000 European investment firms that are based in Britain, such as Goldman Sachs and JPMorgan, will be affected by this move.

“In particular, the commission is charged with assessing capital requirements applicable to firms providing bank-like services,” according to a statement from the Council of the EU, which represents national governments. The toughest requirements apply when activities “are likely to be of systemic importance,” it stated.

EU states have agreed to apply the strictest capital and liquidity rules to firms with assets above €30 billion. Thus, investment firms with assets of €15 billion or more would be exposed to the same requirements as large banks, while firms having assets between €5 billion and €15 billion will face lighter regulations unless their activities are seen to pose risks to financial stability.

Notably, firms including Barclays Capital Securities Limited, a subsidiary of Barclays PLC, Goldman Sachs International, Merrill Lynch International, a unit of Bank of America Corp. and Morgan Stanley International would come under the purview of the latest stringent rules, along with European Central Bank’s supervision like large banks.

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 Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

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