The Statement - BOK Financial
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We began in 1910 as a regional source of capital for the energy industry; we’ve become one of the strongest, most vibrant financial institutions in the country, fueling economic growth and security across the American Midwest and Southwest. From our roots in Tulsa, Oklahoma, we’ve grown into a leading provider of sophisticated financial solutions to businesses, institutions and individuals across the country.
We are nimble and responsive to changing market and industry conditions, while taking time to build enduring relationships with our clients.
We believe that no financial challenge is too big and no opportunity too small to make an impact. We are guided by our commitment to serving our clients, providing a positive work environment for our employees and making a difference in the communities we serve. Source
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| Scope | National |
|---|---|
| Language | English |
| Country | United States of America |
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Recent Articles
Search Articles2024 saw substantial stock market gains, with the S&P 500 up 25%.
Despite a bit of a stumble as Santa Claus came and went, 2024 was, by most any measure, a fantastic year for domestic stock markets. The S&P 500 hit 57 new all-time highs during the year and closed with a gain of 25%(including dividends). It was the second year in a row of 20%+ gains, and we are now some 70% higher than the mid-October 2022 lows. Other indexes were mixed, with the NASDAQ outperforming the S&P on the back of its heavier tech weighting and finishing the year with a 29.6% gain.
Not time to say goodbye to inflation and higher rates just yet
Despite the Federal Reserve lowering rates at their last meeting for 2024, as the market expected, the capital markets reacted negatively to the announcement. The Dow posted 1100 points for its tenth straight day of losses, a streak not seen since 1974. And the Dow was the better performing of the three major large-cap indices, as the S&P 500 lost 3% and the Nasdaq shed 3.6%.
Inflation still a Scrooge this holiday season
For many, it is hard to believe we are in the midst of the holiday season…Okay, maybe it's just me, but the all-important time of year for retailers is upon us. Obviously, the season is about way more than giving gifts. However, holiday spending is a material part of annual retail sales and can make or break many retailer's years. This week's chart shows average spending intentions, according to a survey by the Conference Board on a nominal and inflation-adjusted basis.
Stay safe while shopping for the holidays
The holiday season is full of festive cheer—but amidst the joy and gift-giving, cybercriminals and thieves are just as busy as shoppers. From fake websites to theft in crowded stores, the risks are real. With the majority of U.S. shoppers planning to shop online (57%) or a mix of online and in-store (37%), staying vigilant is more important than ever. Regardless of your shopping preferences, planning and awareness are key to a safe and stress-free season.
Trump's policies, especially tariffs, could impact inflation and economic growth.
Getting past the election process has removed a lot of uncertainty for the capital markets, but questions remain around the implementation of President-elect Trump’s policy platform. Tax policies will be a front-burner item, along with changes in regulatory oversight within many sectors, but our chart this week pertains to Trump’s campaign platform on tariffs. At their base, tariffs are a tax increase.
What’s ahead for the US dollar?
From time to time, concerns arise about the potential for the downfall of the dollar. On one hand, the dollar as a percentage of global currency reserves has fallen slightly in recent years. On the other hand, its standing as a bedrock of the global financial system is unrivaled. And so, put simply, the dollar reigns supreme and there is no real substitute. It’s closest competitor, the euro, is just not close.
Can the Fed achieve a rare soft landing?
Despite a weak October jobs report, other strong economic data has maintained hopes that the Fed will achieve a soft landing—that is, slow the economy enough to bring down inflation without causing a recession. However, experts say it’s too early to call the journey complete. “I think they're on track to do this, but I don't think you can declare victory just yet,” said BOK Financial® Chief Investment Officer Brian Henderson.
By the numbers: Generating profits from AI will take time—and patience
It has been quite a year in the stock market. With only two months left on the calendar, investors likely wish all years were this good (at least as of right now). The S&P 500 and Nasdaq are up 21% and 22%, respectively. In recent weeks, the S&P 500 has set all-time highs, and so has the Nasdaq, albeit less emphatically than the S&P 500. Another encouraging trend is that more sectors and corners of the market have been contributing to performance in the past few months.
Who’s keeping the U.S. economy afloat?
The consumer is king when it comes to the domestic economy, so investors watch U.S. consumer spending very closely. Spending from the highest earners is particularly important for the overall economy, as this group has the most financial resources of all consumers. With this in mind, this week's chart shows the average growth of inflation adjusted retail spending in the U.S. from 2018 onward, separated into low-, middle- and high-income households.