Following news this week that JPMorgan Chase lost $2 billion on a bad hedging strategy, former FDIC Chairman Bill Isaac on Friday urged U.S policies to prevent banks that are “too big to fail.” Read More
When I came in this morning, I was encouraged by what I saw from Wells Fargo and JP Morgan, not just the bottom line beat but the relative strength in two key areas: mortgage activity and trading. Read More
Trading volume should power JPMorgan Chase to report a very good quarter, while refinancing will boost Wells Fargo earnings, Stifel Nicolaus analyst Christopher Mutascio told CNBC Thursday. Read More
Financial companies in the U.S. and abroad pushed major indices to new highs this week, boosting the S&P 500 to the highest level since May 2008. Read More
Signs of a global economic slowdown are all investors need to take profit from financials, which are looking too expensive, according to Todd Hagerman, managing director at Sterne Agee. Read More
“The banks are a buy if you think the economy is going to improve,” says pro trader Brian Kelly. And lately all signs point to an improved global economy. Read More
Private antitrust litigation pitting some five million retailers against several large banks has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multibillion-dollar shock to bank bulls in the coming months, TheStreet.com reports. Read More