Corporate Earnings Drive Strong Results
The S&P 500 rose 27% in 2021, marking a third consecutive year of double-digit gains. Price gains were supported by strong earnings growth for the year and continued healthy profit forecasts. The S&P 500 index’s valuation, measured by the price / earnings ratio, finished the year somewhat lower. Continue Reading…
It’s been two years since COVID-19 was discovered in a small cluster of patients in Wuhan, Hubei Province, China. While that virus has turned into one of the most destructive pandemics in history, the global economy and markets have performed admirably despite the economic toll and horrible loss of life. Continue Reading…
Recent News: U.S. Bank Margins Rebound
After declining for ten straight quarters, U.S. bank margins rebounded in the third quarter. The banking industry’s aggregate net interest margin rose to 2.51% in the third quarter, up six basis points from the prior quarter. The industry’s loan yield rose to 4.34% in the third quarter from 4.25% in the second quarter but was down from 4.39% a year ago.
St. Louis, MO – March 24, 2021 – PMA, a premier full-service provider of financial and advisory services to local governments, is pleased to announce that Dr. John Jungmann will be joining the team as Coordinator, Sales and Relationship Management.