The quarterly reports for the big banks were terrible across the board, but stocks are up because the psychology and the method of valuing bank stocks have changed, said Richard Bove, financial strategist at Rochdale Securities.
The Dow turned lower again in late morning trading as investors continued to digest earnings reports from a slew of top-tier companies.
Bank of America, Citigroup and General Electric quarterly earnings and revenues are a combo platter. What does it mean for the stock market? Art Cashin, director of floor operations for UBS, offered CNBC his insights.
IBM and Google reported earnings that beat analysts’ forecasts on Thursday. But should investors buy them? Analysts Robert Cihra and Clayton Moran shared their insights.
General Electric reported quarterly earnings that topped Wall Street expectations — but its 17 percent drop in revenue was worse than analysts expected. Jack De Gan, CIO of Harbor Advisory, told investors how to approach the stock.
Stock futures pointed to a lower opening Friday as traders took a mostly dim view of earnings from General Electric and Bank of America.
All eyes were on Google Thursday as the technology giant reported second-quarter earnings. And for good reason. Google is clearly the most important technology company in the world right now.
After better-than-expected results from Goldman Sachs and JPMorgan Chase this week, Ralph Silva, director at TowerGroup, told CNBC the disparity between them and the rest of the banks in the U.S. has widened so much that there is no longer any competition within the U.S. banking sector.
Global stocks were higher Friday on hopes that the global economic slowdown is receding after key U.S. companies reported better-than-expected earnings. Experts tell CNBC their forecasts for the future and how investors should position themselves.
JPMorgan Chase reported 36 percent rise in quarterly profit, topping Wall Street forecasts. Meanwhile, CIT Group said it would not get government bailout funds. Art Cashin, director of floor operations for UBS, offered CNBC his insights on JPMorgan and the stock markets.
Stocks closed higher after a staging a late rally triggered partly by positive comments from the economist known as "Doctor Doom."
Stocks were moving sideways...until midday, when famously bearish economist Nouriel Roubini came out and said that the "worst is behind us in terms of economic and financial conditions." The Dow rallied over 100 points on that news... A rally on that? But Roubini was famously bearish at the right moment several years ago, and is widely followed. Roubini less bearish is notable news.
Russ Koesterich, head of investment strategy at Barclays Global Investors and Jason Trennert, chief investment strategist at Strategas Research Parteners LLC shared their economic outlooks.
Stocks edged lower at the open as the market gave back some of its gains from this week's rally.
JPMorgan Chase’s earnings result is better than what we’ve expected but expect headwinds, said Jeffery Harte, managing director in equity research at Sandler O’Neill.
Many financials are up sharply from the bottom in March — but still down substantially from where they were a year ago. Anton Schutz, portfolio manager at Burnham Financial Funds, and Tom Brown, CEO of Bankstocks.com, told investors where to invest in the financial sector.