Higher interest rates hurt earnings of regional banks in the second quarter, mirroring big banks.
Some of the names on the move ahead of the open.
DALLAS _ Comerica Inc. on Tuesday reported second-quarter earnings of $203 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. Comerica shares have increased slightly more than 9 percent since the beginning of the year, while the Standard& Poor's 500 index has risen roughly 10 percent.
With banks swimming in cash, the door to intra-industry acquisitions may be about to crack open, says Dick Bove.
Snap shares sinking to trade around IPO price could spell trouble ahead for future IPOs.
Stocks are reacting to the cold, hard facts of the economy first and foremost.
Beyond the rotation from tech to banks, the old growth vs. value divide is reemerging in the stock market.
Risks are far from out of the picture, but the stock market is choosing to hear what it wants.
Gerard Cassidy, RBC Capital Markets discuss the moves in financial stocks as banking regulations are in the cross-hairs of the Trump administration.
Retail has reached a tipping point, and it's looking like an uphill battle from here.
The stock market may be priced for perfection, but here's why it's not all that hard to swallow.
Here are three key themes to pay close attention to ahead of Thursday night's tech earnings deluge.
You might think market risks are declining, but pay close attention to these four themes.
If you want a microcosm of the problem with banking, you should look at what the big regional banks are saying.
Spring is here and the IPO floodgates have finally opened -- with six announcing terms just today.
The Trump trade may have been tested in March, but money kept flowing into stocks.
The markets tend to follow a certain pattern before and after Tax Day.
Northern Trust had shortcomings in its 'living will' plans and will have until year-end to update its plan on how to unwind in bankruptcy, U.S. regulators said.
The markets are being weighed down by a few key red flags right now.
Now that the Fed rate hike has passed, how long will the market continue to give the "Trump rally" the benefit of the doubt?