Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  United Parcel Service, Inc.    UPS

UNITED PARCEL SERVICE, INC.

(UPS)
  Report
Real-time Estimate Quote. Real-time Estimate BATS EXCHANGE - 10/28 04:14:15 pm
162.1350 USD   -5.10%
11:16aGLOBAL MARKETS LIVE : Microsoft, Deutsche Bank, Sony…
10:42aUPS Down Over 6%, on Track for Largest Percent Decrease Since March -- Data Talk
DJ
09:45aUNITED PARCEL SERVICE : 3Q20 Earnings Presentation 2.1 MB
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

BoE's Tenreyro says evidence on negative rates is 'encouraging'

share with twitter share with LinkedIn share with facebook
09/27/2020 | 12:11am EDT
Outbreak of the coronavirus disease (COVID-19) in London

The Bank of England's investigation into whether negative rates might help the British economy through its current downturn has found "encouraging" evidence, policymaker Silvana Tenreyro said in an interview published late on Saturday.

Tenreyro told the Sunday Telegraph that she did not expect Britain to continue to enjoy a fast V-shaped recovery, due to headwinds from local flare-ups in COVID-19, rising unemployment and a "very weak" global economic outlook.

Britain's central bank said in August that it was taking a closer look at the case for cutting interest rates below zero, and in September it said it would take a detailed look at the idea's technical feasibility during the fourth quarter.

However Governor Andrew Bailey said this did not mean the BoE was committed to going ahead with the idea, which would potentially see people charged for holding deposits with banks.

Tenreyro said evidence from the euro zone and Japan showed that cutting interest rates below zero had succeeded in reducing companies' borrowing costs and did not make it unprofitable for banks to lend.

"The evidence has been encouraging," she said, adding that cuts in interest rates below zero had been almost fully reflected in reductions in interest rates charged to borrowers.

"Banks adapted well - their profitability increased with negative rates largely because impairments and loss provisions have decreased with the boost to activity and the increase in asset prices," she said.

So far, the BoE has responded to the coronavirus pandemic by cutting interest rates to a record-low of 0.1% and expanding its asset purchase programme by 300 billion pounds ($382 billion).

Tenreyro said she expected Britain's rebound from the historic 20% slump in output during the lockdown in the second quarter looked set to lose pace as COVID-19 cases rose again.

"Flare-ups like we're seeing may potentially lead to more localised lockdowns and will keep interrupting that V(-shaped recovery)."

She added that it was too early to judge if scaled-back job support plans announced by finance minister Rishi Sunak on Thursday would have a big impact in staving off a rise in unemployment, especially in hard-hit sectors such as high-street retail and hospitality.

"Another factor interrupting the V is a very weak global outlook, with high uncertainties, particularly with a second wave already striking many countries," she said.

(Reporting by Kate Holton and David Milliken; editing by Grant McCool and Sandra Maler)


share with twitter share with LinkedIn share with facebook
All news about UNITED PARCEL SERVICE, INC.
11:16aGLOBAL MARKETS LIVE : Microsoft, Deutsche Bank, Sony…
10:42aUPS Down Over 6%, on Track for Largest Percent Decrease Since March -- Data T..
DJ
09:45aUNITED PARCEL SERVICE : 3Q20 Earnings Presentation 2.1 MB
PU
09:35aUNITED PARCEL SERVICE : Q3 2020 Earnings Snapshot Infographic
PU
08:41aUNITED PARCEL SERVICE : UPS Posts Strong Gains as Package Volumes Swell -- Updat..
DJ
07:04aUNITED PARCEL SERVICE : UPS Posts Strong Gains as Package Volumes Swell
DJ
06:43aUPS : 3Q Earnings Snapshot
AQ
06:15aCOMMENTARY : E-Commerce Surge Will Reshape Parcel Carriers' Strategies
DJ
06:12aUNITED PARCEL SERVICE INC : Results of Operations and Financial Condition, Finan..
AQ
06:01aUNITED PARCEL SERVICE : UPS Releases 3Q 2020 Earnings
AQ
More news
Financials (USD)
Sales 2020 80 899 M - -
Net income 2020 6 087 M - -
Net Debt 2020 19 347 M - -
P/E ratio 2020 24,6x
Yield 2020 2,35%
Capitalization 147 B 147 B -
EV / Sales 2020 2,06x
EV / Sales 2021 1,97x
Nbr of Employees 377 640
Free-Float 81,9%
Chart UNITED PARCEL SERVICE, INC.
Duration : Period :
United Parcel Service, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNITED PARCEL SERVICE, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 165,92 $
Last Close Price 170,84 $
Spread / Highest target 25,3%
Spread / Average Target -2,88%
Spread / Lowest Target -59,0%
EPS Revisions
Managers
NameTitle
Carol B. Tomé Chief Executive Officer & Director
William R. Johnson Chairman
George Williams President-US Operations & Senior Vice President
Brian Newman Chief Financial Officer, Treasurer & Senior VP
Juan R. Perez Senior VP, Chief Information & Engineering Officer
Sector and Competitors
1st jan.Capitalization (M$)
UNITED PARCEL SERVICE, INC.38.77%147 499
FEDEX CORPORATION73.67%72 058
DEUTSCHE POST AG16.64%58 050
SG HOLDINGS CO.,LTD.117.48%16 272
EXPEDITORS INTERNATIONAL OF WASHINGTON INC.16.10%15 807
YAMATO HOLDINGS CO., LTD.50.88%9 408