The stock of Westpac Banking Corp(WBK) of Australia is currently on a trading halt. Hence the ADR did not trade yesterday (Wednesday) on the NYSE. The halt is in place due to the rights offering the bank announced on Tuesday. So the stock will open for trading on Monday (10/19/15) on the Australian and other exchanges including …
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U.S. investors looking for income stocks should consider adding foreign stocks. One of the important reason to go overseas for dividends is that foreign stocks generally tend to have higher dividend yields than US stocks.Despite dividend withholding taxes it is possible to generate a better return from foreign stocks. Among the developed economies, the US …
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Preferred Stocks are better than common stocks in some ways.For instance, preferred stock holders rank higher in claims against a company’s earnings and assets. So in case a company goes bankrupt preferred holders will be paid first before common stock holders, provided there is any assets leftover after other creditors are paid.However preferreds are not risk-free investments. One …
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The banking industry in Australia is similar to the Canadian banking industry in many ways. For example, the market in Canada is dominated by five large banks whereas four Australian banks are the big players in the domestic market. The four large banks in Australia are Australia & New Zealand Banking Group Limited (ANZBY), Commonwealth Bank of Australia …
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Biotech stocks have declined heavily in the past few weeks. Up until recently stocks in this sector reached sky-high valuations as investors were highly attracted by the ever-rising stock prices. But now investors are getting second-thoughts and are selling stocks across the sector as fear of further declines takes hold. The iShares Nasdaq Biotechnology ETF (IBB) which …
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