Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.» Read More
The red-hot bank stocks have cooled off ahead of earnings. And some traders say that makes this a great time to buy.
The stock market could turn back to domestic matters in the coming week, and some strategists say it may like what it sees.
Big U.S. banks start posting second quarter results next week, with JPMorgan Chase& Co and Wells Fargo& Co. reporting on Tuesday. "We're kind of trying to thread a needle here because on the one hand we don't want to dismiss this situation but on the other hand this is not a catastrophic' oh my God here we go again,"' said Gerard Cassidy, analyst at RBC Capital Markets.
Forget Alcoa: Banks are the new barometer when it comes to the outlook for corporate profits.
CNBC contributor Mike Khouw breaks down bullish bets on JPMorgan ahead of earnings.
Anger? Fear? Sadness? Veteran banking analyst Mike Mayo compares his emotions covering bank stocks to those of little Riley in Pixar's "Inside Out."
WASHINGTON, July 6- The largest Wall Street banks on Monday published detailed manuals of how to shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulators. "Our would effectively resolve the firm within a reasonable timeframe, without systemic disruption, without extraordinary...
Developments in Greece and China bear watching but will have limited or no effect on the U.S. economy or markets, strategist Tom Lee says.
*China to be an exception. That stands in contrast to the bumpy ride ahead for emerging markets outside of Asia, especially Latin America, where analysts appear fearful of the impact of higher U.S. rates and Greece's stand-off with its creditors. "Asian emerging currencies are likely to be more resilient than some of the emerging currencies, such as in Latin...
July 1- Parkway Properties Inc, a real estate investment trust, was in the early stages of exploring strategic alternatives, including a sale, Bloomberg reported. The company was valued at $1.95 billion as of Wednesday, according to Thomson Reuters data. Parkway Properties was working with Bank of America Corp's Merrill Lynch and Wells Fargo& Co, Bloomberg said,...
Lamar Villere, portfolio manager at the Villere Balanced Fund, gave CNBC his top small-cap picks for investors wary of global economic uncertainty.
NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...
NEW YORK, June 30- Puerto Rico's bonds fell sharply for a second straight session on Tuesday, a day after the island's governor said he wanted to restructure debt and postpone bond payments for years, as investors speculated about which classes of the securities were most at risk. Almost 10 percent of municipal bonds that traded Monday were Puerto Rico- related,...
*Greece will not pay IMF on Tuesday: Govt official. *Euro STOXX 50 index- biggest one-day fall since 2011. And Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.
*Greece will not pay IMF on Tuesday: Govt official. *Euro STOXX 50 index- biggest one-day fall since 2011. Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.
Western banking giants are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.
LONDON, June 29- China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Industrial and Commercial Bank of China's $59.1 billion profit last year topped the rankings, ahead of China Construction Bank, Agricultral Bank of China and Bank of China. U.S. bank Wells Fargo ranked fifth with...
Get off the sidelines and spend that cash!
“Mad Money” host Jim Cramer thinks you need to temper your excitement.
Jim Cramer goes off the charts to see what the future holds for Facebook, Wells Fargo & WhiteWave.