Some Common Cents for August 26th, 2016

August 29, 2016, by John Norris

Gambling is a word with a lot with a lot of connotations, but only one real meaning: taking some measure of risk in order to achieve some sort of return. You can define risk and return any number of different ways, and at many different levels. Obviously, you want to make sure the risk you take is less than the reward you expect. This is called playing the odds, and we do just that in...

Read More : Some Common Cents for August 26th, 2016 - Full Article

Some Common Cents for August 12th 2016

August 15, 2016, by John Norris

Obviously, I haven’t gotten out a newsletter in a few weeks. I was physically out of the office on two of those Fridays, and last week? After getting about halfway through with Common Cents, I decided to actually read what I had written. I will make a long story short, and tell you I decided it best not to send it out; it wasn’t worthy of anything other than wrapping fish. As it was very...

Read More : Some Common Cents for August 12th 2016 - Full Article

Bank expands, opens new headquarters

December 17, 2015, by Shelley deClerk

The furniture was just delivered to the new Oakworth Capital Bank headquarters in Montgomery and two new hires were still getting set up there, but Barry Prim was already looking down the road. “We’re building for the future,” he said, pointing to a room filled with empty work spaces. Birmingham-based Oakworth bought Montgomery financial management company AlaTrust earlier this year...

Read More : Bank expands, opens new headquarters - Full Article

The stock market bull may not be dead yet

September 29, 2015, by John Norris

The calendar may still read September, but weary investors are already starting to get their hopes up for a so-called Santa Claus rally in the fourth quarter. The past three months have been brutal. The Dow, S&P 500 and Nasdaq have each plunged about 9% so far in the third quarter and are in the red for the year. They are also all in a so-called correction -- down more than 10% from a recent...

Read More : The stock market bull may not be dead yet - Full Article

John Norris: Why interest in higher interest?

September 22, 2015, by John Norris

After weeks of buildup and endless discussion, the Fed didn’t raise interest rates this week. What now? The markets had been on pins and needles in anticipation of this past Fed meeting, and what did they get? Well, not much more than what everyone already knew. The powers that be acknowledged the domestic economy is doing reasonably well, but things look a little dicey elsewhere. So, they didn’t make any real changes to anything other...

Read More : John Norris: Why interest in higher interest? - Full Article

Oakworth Announces New Team In Mobile, Alabama

September 21, 2015, by John Norris

Oakworth Capital Bank is pleased to announce that the following team of professionals has joined our company to serve the South Alabama market: Mr. John Hensley -              Managing Director Mr. Bud Doyle -                   Senior Client Advisor Mr. Tom Roberts -               Senior Client Advisor Ms. Katie Smith -                 Assoc. Managing Dir. Mr. Wade Gordon -             Client Advisor Ms. Michele Stewart -         Client Support Ms. DeEdra Pugh -             Client Support While this team will initially implement...

Read More : Oakworth Announces New Team In Mobile, Alabama - Full Article

With no Fed hike, will bankers carry on business as usual?

September 17, 2015, by John Norris

A much-anticipated and expected hike in the Federal Reserve funds rate did not happen, which might be good news for consumers enjoying the low interest rate environment. While Birmingham banking experts said they weren't surprised by the lack of an increase, they still expect a hike...by the end of the year. The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change...

Read More : With no Fed hike, will bankers carry on business as usual? - Full Article

Some Common Cents For September 4th 2015

September 7, 2015, by John Norris

Thanks to the August Employment Situation report, today was almost a damned if you do and damned if you don’t day. If the economy created “too many” jobs in August, many feared a Fed rate hike, sooner rather than later, would be a near certainty. If the economy created “too few” jobs, well, the economy was/is weaker than expected, and that isn'’t too good either. Pick your poison With that said, I am not sure...

Read More : Some Common Cents For September 4th 2015 - Full Article

Fast food, high wages equals mixed results

August 17, 2015, by John Norris

I know you have written on the topic in the past, but New York recently passed a law mandating a $15-an-hour minimum wage in the fast food industry. Will this gather steam across the country, and will it be good for workers? Gov. Andrew Cuomo skirted parliamentary procedure, and appointed a wage board to make such a recommendation to the acting commissioner for labor. In turn, this person will authorize it for the fast food...

Read More : Fast food, high wages equals mixed results - Full Article

Some Common Cents for June 12, 2015

June 15, 2015, by John Norris

Last night, I had my parents over for dinner. As usual, my father veered off into current events almost as soon as he sat down. Let’s just say the pace of societal change has him a little perplexed, which I can certainly appreciate. A lot has changed over the last, well, umpteen years, and it seems to be accelerating, thanks to our  instantaneous access to information. That, and the need for all these news services...

Read More : Some Common Cents for June 12, 2015 - Full Article