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Kroger raises quarterly dividend to 18 cents from16 cents

The Kroger Co. said Thursday its board has approved an increase in its quarterly dividend to 18 cents a share from 16 cents. The new dividend will be payable Sept. 1, to shareholders of record as of close of business Aug. 14. The supermarket chain posted better-than-expected first-quarter earnings last week. Shares were up 1% Thursday, and have gained 14% in the year to date, while the S&P 500 has fallen 6%.

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Kroger raises quarterly dividend to 18 cents from16 cents The Kroger Co. undefined said Thursday its board has approved an increase in its quarterly dividend to 18 cents a share from 16 cents. The new dividend will...

Bank stocks jolt market higher Thursday morning after FDIC said to loosen crisis-era Volcker regulations: reports

The stock market late-morning Thursday jumped into positive territory after a report indicated that officials from the Federal Deposit Insurance Commission would move to ease some regulations for the banking sector following a meeting. According to a Bloomberg report,cited by CNBC, the FDIC and another regulator, the Office of the Comptroller of the Currency, will soon vote on rolling back rules that prohibit banks from using their balance sheets to invest in companies and other assets, the regulators may also loosen rules pertaining to the amount of cash and cash equivalents the financial institutions would be required to set aside for reserves. The rules are related to regulations that were implemented in the aftermath of the 2008-09 financial crisis, known as the Volcker Rule, named after former Federal Reserve Chairman Paul Volcker. Shares of banks briefly burst higher on Thursday. The exchange-traded fund Financial Select Sector SPDR ETF which tracks the S&P 500's financial sector, was trading 1.5% higher, as was the SPDR S&P Bank ETF and the Invesco KBW Bank ETF . The S&P 500 index was off less than 0.1%, at last check, while the Dow Jones Industrial Average was trading little changed at 25,442 and the Nasdaq Composite Index was about 0.1% higher at 9,913. The broader market had started trade lower amid signs of rising coronavirus cases. The reports for banks also come ahead of a stress test of the financial sector, with the results expected to be released at 4:30 p.m. Eastern Time Thursday.

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Bank stocks jolt market higher Thursday morning after FDIC said to loosen crisis-era Volcker regulations: reports The stock market late-morning Thursday jumped into positive territory after a report indicated that officials from the Federal Deposit Insurance Commission...

Nvidia stock rises after Susquehanna boosts target to new Street high

Shares of Nvidia Corp. are up 1% in Thursday trading after Susquehanna analyst Christopher Rolland raised his price target on the stock to $450 from $420. His new target is the highest listed on FactSet. He's more upbeat on the company's prospects following a recent call with Nvidia's management team that touched on data-center and automotive progress as well as the company's integration of Mellanox, which it recently acquired. Rolland estimates that the Mellanox assets could add at least $20 billion to $30 billion to Nvidia's market value over time. "We believe Mellanox increases the overall value proposition for data center, enterprise, real-time gaming (perhaps), and automotive products from Nvidia," Rolland wrote. He's intrigued by the company's opportunities in "low-latency automatic Ethernet," which he said could help crack the "real-time AV [automative vehicle] puzzle." Rolland has a positive rating on Nvidia shares, which have gained 52% over the past three months as the S&P 500 has climbed 23%.

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Nvidia stock rises after Susquehanna boosts target to new Street high Shares of Nvidia Corp. undefined are up 1% in Thursday trading after Susquehanna analyst Christopher Rolland raised his price target on the stock to $450...