Following are the day’s biggest winners and losers. Find out why shares of SanDisk and the Brazil ETF popped while Northern Trust and Altria dropped. Read More
It seems like the investors are struggling with a slew of tough questions about banks. But only one really matters; which bank should you own now? Read More
Questions remain over how to make the financial system safer and whether investors should be looking at banks as an investment opportunity. David Trone, a securities industry analyst at Fox-Pitt Kelton and Matt McCormick, a banking analyst at Bahl & Gaynor Investment Counsel, gave CNBC their take on the financial industry. Read More
Richard Bove, financial strategist at Rochdale Securities, said he expects 150 to 200 more U.S. banks to fail in the current banking crisis. (What banks does he like? Read story for his stock recommendations.) Read More
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. Read More
Goldman Sachs posted numbers that surprised to the upside on Tuesday, but will other financial companies outperform as well? Matt McCormick, banking analyst at Bahl & Gaynor and David Stepherson, senior portfolio manager of Hardesty Capital Management discussed Goldman’s earnings numbers and their expectations on big banks. (Part Two) Read More
Goldman Sachs posted numbers that surprised to the upside on Tuesday, but will other financial companies outperform as well? Matt McCormick, banking analyst at Bahl & Gaynor and David Stepherson, senior portfolio manager of Hardesty Capital Management discussed Goldman’s earnings numbers and their expectations on big banks. (Part One) Read More
It seems the major catalyst of the summer is oil with energy stocks holding up an otherwise sluggish stock market. How should you be positioned? Read More