Just when it seemed skies had cleared, results from a regional banking giant suggest another storm could be forming.
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 commodity/dollar trade continues today. Stock futures fell about 4 points pre-open as the dollar firmed and as commodities moved off their highs. Despite the move lower, commodities remain up on the day, rebounding from yesterday’s weakness. Subsequently, commodity stocks are slightly higher today, rising 1 percent-2 percent pre-open.
Stocks ended on a sour note Tuesday, but still managed to log their best quarter in a decade.
As we face the second half of 2009, how should investors play financials? Dick Bove of Rochdale Securities offered CNBC his take on bank stocks.
Following are the day’s biggest winners and losers. Find out why shares of Morgan Stanley and Motorola popped while Boeing and KeyCorp dropped.
Following are the day’s biggest winners and losers. Find out why shares of Watson Pharmaceuticals and Netflix popped while KeyCorp and Rio Tinto dropped.
Credit ratings agency Standard & Poor's on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector.
Yesterday's close marked the 3-month anniversary since the markets hit their closing lows on March 9. Here are the biggest gainers and losers on the S&P since then.
Stocks rose for a third straight week as investors got their game on for a recovery. Still, Friday's trading was choppy as investors cheered an early pop from the smaller-than-expected job loss in May but the market couldn't sustain the gains.
Stocks struggled to hold gains Friday as investors cheered an early pop from the smaller-than-expected job loss in May but techs and pharmas dragged and the weakeness began to seep into other sectors.
Stocks shot out of the gate Friday as investors cheered a smaller-than-expected job loss in May.
Stock index futures pointed to a higher open Friday as investors braced for the May nonfarm payrolls report as a key gauge on the state of the economy.
Following are the day’s biggest winners and losers. Find out why shares of Royal Caribbean and Yahoo! popped while Abercrombie & Fitch and Avis Budget dropped.
Banks are desperate to get out from under the onerous restrictions imposed by the government. And they’re willing to move mountains to do it!
Following are the day’s biggest winners and losers. Find out why shares of Elan and Las Vegas Sands popped while KeyCorp and Baxter dropped.
Stock markets are just at the beginning of a larger rally which could see the major indexes jump another 20-to-30 percent and banks are the best bet, Michael Browne, portfolio manager from Sofaer Global Research, told CNBC.
Plus, Cramer talks tech, restaurants, retail, IPOs and more.
Bargain hunters were driving a lunchtime rally on Thursday with sentiment buoyed by retail, technology and banks. We may be in the green but are we in the clear?
It seems there’s a new rivalry among regional banks. This competition is all about selling more stock!