It may be a lackluster trading day, but once again banks are rallying to new highs.» Read More
Renewed anger over Wall Street bonuses has led Congress to consider a tax on the U.S. financial firms that have tapped tax payer money under the U.S. Treasury’s Troubled Asset Relief Program (TARP) to cover losses.
After Alcoa kicked off earnings season with a miss, will profits and outlooks will be strong enough to extend the market's advance?
A weaker-than expected jobs report spooked investors however it failed to send stocks tumbling. Instead money rotated into tech. Should you scoop up tech, too?
Pete Najarian anticipates some big moves in bank stocks and he’s using the XLF as his proxy. What’s the trade?
Stocks retreated Tuesday after several earnings reports beat expectations but economic numbers missed their targets. The Dow shed more than 50 points, or 0.5 percent, but still held above 10,000. The S&P and Nasdaq each lost about 0.6 percent.
Stocks retreated Tuesday after several earnings reports beat expectations but economic numbers missed their targets. Apple and Caterpillar surged after their earnings blew past forecasts.
Futures were poised for a modestly higher open on the strength of more earnings surprises from some of Wall Street's leading companies.
J.P. Morgan's blowout third-quarter gave the financial sector a big boost today. The firm reported a profit of $0.82 a share versus Wall Street's consensus estimate of $0.52. With J.P. Morgan's results setting the tone on the earnings front, should investors expect similar results from the group?
Another wave of much better-than-expected corporate results Tuesday shows that Wall Street's analysts have badly miscalculated earnings this quarter.
A late rally pushed stocks higher Tuesday following better-than-expected earnings from several Dow components. The Dow logged its seventh-straight gain, the Nasdaq, it's tenth.
The Dow advanced Tuesday as a slew of components beat earnings expectations. But there were pockets of weakness throughout the market, including chips, hardware, banks and retail. The Nasdaq was lower.
The Dow bolted out of the gate Tuesday as a slew of components beat earnings expectations. But there were pockets of weakness throughout the market, including chips, hardware, banks and retail. The Nasdaq was lower.
Futures indicated a slightly lower open for Wall Street Tuesday ahead of a slew of earnings and Federal Reserve Chairman Ben Bernanke's Capitol Hill testimony.
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 level of hesitancy in the market is so palpable you can almost taste it. Volume has dried up from even the last few months tepid pace. It seems that investors are waiting for someone else to jump in and make the first move.
Credit ratings agency Standard & Poor's on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector.
The 30-year Treasury auction Thursday was met with strong response as the bid-to-cover ratio was a strong 2.68 to 1. The past few auctions were covered 2.21 on average.
Why are traders flooding bearish positions on Zions Bancorp on Tuesday?
While indicating a modestly lower open earlier this morning, the markets turned around late in the morning on a strong rebound in financials and the digestion of a series of less pessimistic comments by corporate executives.
Many of the recent fixes in the financial sector are merely "window dressing" and problems still persist in the banking sector, says veteran baking analyst Michael Mayo.