For individual investors, who have long favored bank stocks as a source of dividends and at least the promise of stability, their recent performance has been a big disappointment. And few experts expect a turnaround anytime soon. The New York Times reports.
The bankers who spoke at the Sanford C. Bernstein Strategic Decisions Conference over the past few days wanted to sound positive, but phrases like “banks have huge clouds on them,” and “it will be hard to outgrow the runoff book (read bad loans)” kept cropping up.
The week's top business news and investment advice, including whether you should short financials, and which tech names are smart buys, with CNBC's Brian Sullivan.
Stocks lost steam in the last few minutes of trading to close mixed Thursday ahead of the government's monthly jobs figure and after EU officials said no agreement has been reached on additional funding for Greece.
Stocks rebounded from earlier lows, but wavered ahead of the close Thursday ahead of the government's monthly jobs figure and after EU officials said no agreement has been reached on additional funding for Greece.
The news that Moody’s is reviewing the debt ratings of Bank of America, Wells Fargo and Citigroup shows how dependent these banks have been on the invisible and unwilling support of the American taxpayer.
On Thursday, the Fast Money pros were squarely focused on technicals with the action in S&P raising eyebrows after the major index crossed a key level to the downside.
Stocks fluctuated on Thursday following mixed news on the economy a day after the market suffered its biggest losses since last August.
Keeping your fingers crossed for the housing market is just the tip of the iceberg. Prices have now fallen, on the S&P/Case Shiller Index, more than they did during the Great Depression.
From the entire S&P 500, which stocks are analysts expecting to have the biggest pops? Find out!
Economists, fund managers and strategies who responded to the latest CNBC Fed survey have lowered their outlook for growth and the level of the S&P 500.
In total, the 500 largest firms on Wall Street have increased their payouts by nearly $21 billion so far this year, a massive upswing in the cash that companies are willing to part with for the benefit of their shareholders. ...A report from TheStreet.
Roger Lowenstein has been taking a beating from bloggers over his big piece out in Bloomberg BusinessWeek titled “Wall Street: Not Guilty.”
If Wells Fargo is going to acquire the wealth management business of UBS it is going to face at least one big challenge: assuaging the fears of the brokers.
We ran out of time on TV but we didn't forget. Here's our Fast Money Final Trades. Our gang gives you tomorrow's best trades, right now!
The Federal Reserve has proposed a new rule that will subject U.S. banks to annual stress tests, The Financial Times reported on CNBC's Fast Money Tuesday.
If the International Monetary Fund is substantially weakened by the arrest of its chief on sexual assault charges in New York Saturday, US banks and their investors may suffer.
Yesterday I had the great opportunity to moderate a symposium on mortgage liquidity with a pretty heavy panel of mortgage bankers and industry executives. I knew they would be guarded in their answers...and they were guarded, until I opened up the floor to the Realtors, who hammered them hard on foreclosures, short sales, and mortgage credit for independent contractors like themselves.
Citigroup and Bank of America still offer massive upside to investors, according to the Rochdale Securities analyst, who has turned decidedly more bearish on the financial sector in recent weeks. ...A report from TheStreet.
After discussions with the SEC, Berkshire Hathaway records half a billion dollars of unrealized losses for two stock holdings, even though it believes it will eventually make money on the positions and is willing to wait.