Tomorrow before the open 18.5% of the XLF, the etf that tracks bank stocks will report earnings, JP Morgan (JPM) its second largest holding at 11.5% and Wells Fargo (WFC) at 7%. The options market …
Continue readingSearch Results for: xlf
On September 12th I detailed my bearish view on bank stocks (‘You Come At the King, You Best Not Miss’) following some financial disclosures from a few of the large money-center banks regarding Q3 financial …
Continue reading
On Wednesday I detailed a bearish trade idea in the XLF, the etf that tracks the bank stocks, targeting the bulk of the largest components Q3 earnings that fall in the second and third week …
Continue reading
It has been a fairly newsy day for bank stocks… Let’s start with some news out of Barclay’s Bank conference where Citigroup’s CFO John Gerspach offered some commentary on Q3 trading and Investment banking activity, which …
Continue reading
Tomorow after the close, the Federal Reserve will announce the results of their annual stress tests, known as CCAR, that they conduct on all major banking institutions to gauge their resilience in the face of …
Continue reading
Since the U.S. financial crisis in the late 2000s it feels like the following quote could have been read at one point in every year since 2010: “Shares of Deutsche Bank (DB) made a new …
Continue reading
On Friday’s Options Action on CNBC, my co-panelist Carter Worth of Cornerstone Macro Research laid out the fairly poor relative strength of bank stocks to the broad market over the last couple years, click below …
Continue reading
After a fairly long period of under-performance to the broad market in 2017, bank stocks ,as measured by the S&P Financial Select XLF, made a new 52 week and multi-year high. This follows a 10% …
Continue reading
Back in early June we took at a look at the relative underperformance of the prior few months of bank stocks to the broad market (read here) and leaned bearish based on the conclusion: the relative …
Continue reading
U.S. bank stocks get Q2 earnings season in full swing tomorrow with reports from Citigroup (C), JP Morgan (JPM) and Wells Fargo (WFC). The options market is implying the following one moves in either direction: …
Continue reading