Stocks finished higher Friday in a highly volatile week, with the Dow logging its first two-day rally since early July. Despite the wild market swings in the last several days, all three major averages are down less than 2 percent for the week.
The traders placed 2 banks on the radar Wednesday as financials struggled to find a footing. Which two names do pros think appear to be oversold?
Analysts point out that U.S. banks have become much better capitalized than they were during the financial crisis of 2008. But shares of US major banks continue to move sharply lower.
Bank of America shares bounced Tuesday, after plunging 20 percent a day earlier after influential financial analyst Mike Mayo downgraded the shares, citing the need for the firm to raise capital to cover mortgage-related settlements.
Stocks saw its biggest one-day gain since May 2010 Tuesday after a wild market session as investors snapped up beaten-down stocks and following a Fed statement to keep interest rates near zero for at least two more years.
Futures pointed to a higher open Tuesday, indicating a comeback from the previous session's steep nosedive, as investors looked ahead to the Federal Reserve's statement later this afternoon.
Stocks took a sharp nosedive in another choppy day Monday to finish at session lows as investors fled from risky assets following S&P's downgrade of U.S.'s credit rating last week in addition to ongoing economic jitters.
Bank of America shares hit their lows of the day shortly after influential financial analyst Mike Mayo downgraded the stock, citing the need for the firm to raise capital to cover mortgage-related settlements.
It looks like David Tepper, the manager of the $15 billion hedge fund Appaloosa, is no longer one of the bigger bulls when it comes to the financials.
Here's why you should keep a close eye on these six stocks.
Tight stop-loss limits and flash trading contributed to Thursday's sell-off once the market started to tumble, Barton Biggs, a managing director with Traxis Partners told CNBC Friday.
JPMorgan lowered its US economic growth forecast by 1 percent for the third quarter on Thursday blaming recent developments in the US economy for the downward revision. It also said it now expected the Federal Reserve not to raise interest rates until the middle of 2013 at the earliest.
Robo-signing, lost paperwork and wrongful evictions have put mortgage servicers under the gun. To address the problem, lawmakers are considering a national standard for mortgage servicers.
Banks have tried everything to get the glut of vacant homes on the market under control, including flat-out giving them away. But when that doesn't work, what do you do? Rev up the bulldozer.
Breathless reports in recent days about a prominent European hedge fund’s sale of its Goldman Sachs stake have done little to the bank’s shares Monday, and for good reason: it’s old news.
Several signs suggest a rebound in the bank sector is on the way.
The only relative safe haven in North American equities in the event of a U.S. default would be Canadian banks, though even they would feel the ripple effects, according to a report from Keefe, Bruyette & Woods.
If the momentum in the market is any indication, you’d think his bias would be long. Yet a very smart money investor is paring his positions.
Stocks slipped in the final minutes of trading to end lower Wednesday as investors took a breather following a sharp rally in the previous session and amid ongoing jitters over the debt ceiling talks and fears over the euro zone crisis.
Stocks lost some ground in the final minutes of trading Wednesday as investors took a breather following a sharp rally in the previous session and after existing home sales tumbled unexpectedly to a seven-month low.