News Highlights: Top Financial Services News of the Day
The market decline this past week hasn't left stocks as a whole cheap, but there are growing opportunities for stock selectors.
In winding down its financial-services business, GE is refocusing on what it does best, which should offer long-term dividend growth in the high single digits, says Morningstar's Josh Peters.
Reinvested dividends from GE, P&G, and Spectra Energy could boost an IRA over the long term, and the stocks also trade at attractive valuations today, says Morningstar's Josh Peters.
Oil and gas weakness is offset by the rest of the portfolio in the fourth quarter.
Efforts to increase service revenue pay off.