Yesterday, I gave my thoughts on Barron’s cover story (MorningWord 2/1/16: Crying All the Way to the Bank) where they suggested that it is Time to Buy Bank Stocks. My view was quite simple that the …
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Event: WFC reports Q2 earnings tomorrow before the open. The options market is implying about a 2% move, which is higher than both the 4 qtr avg move of 0.75% and the 8 qtr avg …
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Event: JPM reports its fiscal Q4 earnings on Tuesday, January 14th before the open. The options market is implying about a 2.5% one day move, which is above both the 4 qtr avg of only …
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We put this trade on for a quick technical bounce. Given that we’ve had that, we have no interest in overstaying our welcome, particularly since Deutsche Bank has already indicated that the 3rd quarter was …
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Ever since the London Whale debacle in the spring of 2012, JPM has been an obvious target for regulators and government lawyers. The company has racked up billions of dollars in legal fees and settlements, …
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Event: JPM reports Q2 earnings tomorrow before the open. The options market is implying about a 2.5% move, which is slightly higher than the 4 qtr avg move of 2.25%, and lower than the 8 qtr …
Continue readingTrade Update June 21st, 2013: I am going to go back to the weakness in European Bank stocks that I highlighted last week as the impetus to initiate the bearish view on the XLF. …
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I have mentioned the relative weakness of European banks over the last 2 weeks on more than one occasion by highlighting the EuroStoxx Bank Index (SX7E). Prior to reversing today, the index was down 12% …
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