Sterne Agee analyst Todd Hagerman on Monday said that he saw “10 to 15 percent further downside risk” to broker/dealer stocks, with “perhaps more for JPMorgan as the review [of the company’s trading losses] unfolds.” ... Read More
FBR analyst Paul Miller wasted no time on Thursday in downgrading JPMorgan Chase following CEO James Dimon's announcement of a $2 billion second-quarter trading loss.... 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
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