Two things, which happened within hours of one another, will probably determine the value of bank stocks for the next several months. Optimism about bank earnings pushed up Citigroup(C) by 25% yesterday…
Critics have started to come out of the wall and say that Wells Fargo’s (WFC) earnings are not as good as they seemed at first blush. The most stunning comments come from …
Douglas A. McIntyre These are most of the top pre-market analyst downgrades and cautious research notes we have seen from Wall Street analysts this Monday morning: Corning (GLW) Cut to Perform at Oppenheimer. Eaton (ETN)…
The market capitalization of some big banks has doubled in a month. All of them will have “stress test” results from the government within a few weeks. Those that get fairly high…
Investors find it disconcerting to see the stocks in the huge financial institutions that are at the foundation of the global capital system trading up and down 25% a day, and, in…
Short sellers were figuring that after the bank rally late last month, banks shares were likely to give back some gains. That was working until Wells Fargo (WFC) reported that it would…
Wells Fargo & Co. (NYSE: WFC) is going to be taking the bank stocks significantly higher, particularly the Direxion Financial Bull 3X Shares (NYSE: FAS). The company is releasing earnings on April…
The Financial Accounting Standards Board, or FASB, has voted to loosen its rules for the (now dreaded) balance sheet act of mark-to-market valuation for accounting. Many will argue that this is unfairly…
Based on the rise in the short interest in banks at mid-month, it is clear how badly investors betting bank stocks would go down were mauled. As of March 15, shares short…
It seems that there is renewed interest in a Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) acquisition strategy for another large takeover. This has always been on the table, and as…
This week 24/7 Wall St. is picking several stocks that are likely to double off of their lows. The time frame is by the end of 2010, which is meant to coincide…
Some recent bank insiders that bought stock in their respective banks are finally looking smart after looking like fools for some time. Over the years, insider buying has been seen as a…
Short sellers may have taken a bath in companies such as Citigroup (C) and GE (GE), but they increased investments in many companies to record levels. At the end of February, shares…
Warren Buffett has been a much more reserved lately, although not as much as the recent performance might dictate. In the latest Berkshire Hathaway Inc. (NYSE: BRK-A) annual report, he sounded like…
Wells Fargo (WFC) is supposed to be one of the healthier big banks. The market has not treated that way, driving its shares relentlessly lower–down 40% over the last five trading days…
