We got results from a few of the largest moneycenter banks this morning. These stocks have been a big part of the stock market rally over the past few months on the dual assumptions of …
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A few weeks ago I had the following to say about Wells Fargo, and the stock’s post election bounce which seemed to be discounting any further fall-out from their fake account scandal: In the wake …
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By now you have probably heard and read plenty about the phantom account scandal at Wells Fargo (WFC), the company’s firing of 5,300 workers and the subsequent $185 million fine by regulators. It’s entirely possible that …
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This weekend, Barron’s was fairly emphatic that it is Time to Buy Bank Stocks: Their bull case is largely predicated on valuation: the 10 leading banks and investment banks now trade for eight to 12 times …
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Here is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. XLF – the most active single stock or etf option was the June 22 puts, with 84,000 trading on …
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SBUX was another 2013 leader that had a terrible start to 2014. The stock broke its rising 200 day moving average last week for the first time in more than a year: The stock has …
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WSJ U.S. stock futures fell as rising Spanish bond yields and concerns about China’s slowing economy fed investor jitters ahead of the second-quarter earnings season… …Shares of Alcoa AA -2.23% eased 0.2% in premarket trading. The …
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Reuters JPMorgan Chase & Co’s shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. …
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FT China’s economy grew 8.1 per cent in the first quarter compared with a year earlier, allaying global fears of a collapse in the world’s second-largest economy as it shifts towards slower growth. With Europe …
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CNBC The European Central Bank must act sooner rather than later in order to avoid a grave outcome for the euro area and possibly the euro itself, according to Credit Suisse Economist Yiagos Alexopoulos. “The …
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