Insiders are buying as bank stock prices sink 20 percent on average and most big banks trade at a discount to tangible book value.» Read More
Stocks advanced, buoyed by a sharp drop in oil prices, but technology stocks dragged on the market after disappointing earnings from Apple and Texas Instruments.
Stocks dropped at the open, crushed by a wave of disappointing earnings reports both after the close Monday and before the bell Tuesday.
SunTrust Banks, a large U.S. southeast regional bank, said on Tuesday second-quarter profit declined, hurt by higher credit costs.
The Dow rallied on Wednesday after strong results from Wells Fargo lifted the entire banking sector to it’s biggest one day gain in almost two decades. What's the "Word on the Street?"
Stocks finished lower, led by financials, as investors worried that the bailout of Fannie Mae and Freddie Mac might not be enough to prevent further turmoil in financial markets.
U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising and dividend cutting will be needed to achieve it.
Stocks whipped back to positive territory on a seesaw day for Wall Street, which was dominated by a large dumping of financial shares and a drop in oil that staggered large energy producers.
We started to hear rumblings last week about how residential construction loans are weighing heavily on local banks because, big surprise, some of the builders are having trouble keeping up with the payments.
Cramer makes the call on viewers' favorite stocks.
Nearly 1.6 billion shares and $22 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Nearly 1.4 billion shares and $20 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Two trends were not helpful to those looking for a bottom today.
SunTrust Banks on Friday said it does not expect to change its quarterly dividend or issue additional common shares, soothing concern that the large U.S. Southeast regional bank might need to raise or preserve capital to address credit problems.
JPMorgan Chase is interested in acquiring another bank, and the firm has Wachovia high on its list of possible targets, CNBC has learned.
US large-cap regional banks' stocks now appear to be in "capitulation mode" and will likely trade below fair value in the near term, an analyst at Merrill Lynch said.
It was a mixed day, which started poorly with a big earnings warning from HMO Coventry, as well as Burlington Northern and Smucker's, which noted higher soybean oil and wheat costs were hurting their bottom line.
Not only did BB&T rally into positive territory (it was down almost 10 percent), but other regional banks like Suntrust also rallied modestly. Why? Because shorts keep pressing these names under the theory that many will follow KeyCorp and Fifth Third and cut the dividend;
Stocks closed lower Wednesday, led by financial and auto stocks after worrisome results from Morgan Stanley, CarMax and FedEx. Regional banks also took a hit after Fifth Third cut its dividend.
Stocks declined Wednesday, led by financials, after worrisome results from Morgan Stanley and a dismal outlook from FedEx. The Dow briefly slipped below 12,000 -- the first time that's happened since March 18, when the market was reeling from the collapse of Bear Stearns.
Stocks opened lower Wednesday as investors booed results from Morgan Stanley and a dismal outlook from economy gauge FedEx.