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ETF Folly: Triple-Leverage Financials, and Other Triple-Leverage ETFs

Posted: March 7, 2013 at 11:40 am

The Direxion Daily Financial Bull 3X Shares (NYSEMKT: FAS) and the inverse Direxion Daily Financial Bear 3X Shares (NYSEMKT: FAZ) are leading our Daily ETF Folly feature ahead of the ...
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Catalysts Leading Major Financials Back to 52-Week and Multiyear Highs

Posted: February 12, 2013 at 1:04 pm

Banks have been back as a flavor for investors for a while. After all, Bank of America Corp. (NYSE: BAC) was the best performing stock of all 30 Dow Jones ...
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Wells Fargo Earnings Report Proves ‘Safest Bank in America’ Status

Posted: July 13, 2012 at 8:24 am

Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The ...
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The Moody’s Giant Bank Downgrade Finally Arrives

Posted: June 21, 2012 at 3:36 pm

24/7 Wall St. has been expecting this highly anticipated Moody's downgrade of the large banks and investment banks for weeks.  It appears that the wait is over as the downgrade ...
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Jamie Dimon Tries To Lead Banking Sector, But Trumped by BofA

Posted: June 19, 2012 at 10:33 am

J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony.  The problem is that Bank of America Corporation (NYSE: BAC) ...
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Counter-Take: Will A Moody’s Downgrade Actually Be Good For U.S. Bank Stocks? (DB, GE, F, CS, MS, UBS, BCS, GS, HBC, BAC, NMR)

Posted: June 6, 2012 at 4:06 pm

Moody's has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the 'bad news' should be out very soon.  We skipped many of ...
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Bonds Sound Recession Warning, Of Sorts (TLT, JNK, AMJ, XLF, FAS)

Posted: May 9, 2012 at 12:13 pm

So, just two weeks ago it looked as though "Sell in May and go away!" was not going to be as strong of a theme in 2012 compared to 2011 ...
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BofA Earnings Masked in Items, Huge Discount to Book Value (BAC, C, FAS)

Posted: April 19, 2012 at 7:36 am

Bank of America Corporation (NYSE: BAC) has reported its earnings and the headline numbers may look like a disappointment at $0.03 EPS from its $653 million in earnings.  Revenue was ...
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Moody’s Bank Downgrade Warnings Look Very Staged (CS, MS, UBS, BCS, DB, GS, HBC, BAC, NMR, FAS)

Posted: February 16, 2012 at 9:14 am

If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just ...
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J.P. Morgan Preview, Huge Bank Sector Book Value Discounts On Deck (JPM, WFC, BAC, C, STT, BK, MS, GS, AXP, COF, FAS)

Posted: January 12, 2012 at 10:30 am

J.P. Morgan Chase & Co. (NYSE: JPM) is about to report earnings Friday morning as the first bank and second DJIA component kicking off earnings season.  We wanted to make ...
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2012 Starts Out As Year of the Banks (JPM, BAC, FAS, WFC, CIT)

Posted: January 10, 2012 at 11:03 am

Has J.P. Morgan Chase & Co. (NYSE: JPM) managed to help further turn banks around in 2012?  The sector which had no friends in 2011 is now actually the top ...
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Top ETFs for the Market (FAS, RSX, RUSL, JNK, GLD)

Posted: November 28, 2011 at 11:49 am

The market is surging on European hopes of the beginning of the end to the financial crisis, despite credit rating bantering out of credit ratings agencies.  Now we just have ...
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J.P. Morgan Earnings Confusion, Huge Discount To Book Value (JPM, BAC, WFC, C, FAS)

Posted: October 13, 2011 at 8:04 am

Whether or not you like the earnings report from J.P.Morgan Chase & Co. (NYSE: JPM) probably depends upon which news outlet you read.  The earnings are lower, but by less ...
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BofA’s China Stake Sale Is Better For Holders Than Buffett (BAC, BRK-A, BRK-B, JPM, WFC, XLF, FAS)

Posted: August 29, 2011 at 10:20 am

Bank of America Corp. (NYSE: BAC) raised $5 billion in cash from Warren Buffett last week, and the bank announced this morning that more cash is on the way from ...
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BofA Asset Sale in China, Better Than Buffett? (BAC, BRK-A, BRK-B, JPM, WFC, XLF, FAS)

Posted: August 26, 2011 at 2:11 pm

Now that Bank of America Corp. (NYSE: BAC) has raised $5 billion in cash from Warren Buffett, it's time to look around and see what assets the bank might have ...
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