|Day's Range||105.6841 - 106.6608|
|52 Week Range||87.8000 - 107.7700|
As the Fed starts unwinding the stimulus it provided to snap the economy back to life, two types of companies should benefit, Goldman Sachs says.
Here's why banks won't be able to get away with paying depositors those low interest rates for much longer, says Dick Bove.
A surge in dividends and share buybacks coupled with growing prospects of regulatory rollbacks are bolstering the case for the largest banks.
Analysts continue to lower their views on the prospects ahead for Goldman Sachs as the firm struggles to cope with a tough trading environment.
Goldman Sachs was expected to post earnings of $3.39 per share on revenue of $7.52 billion, according to analysts polled by Thomson Reuters.
Bank shares slumped in an early but important round of earnings reports. JPMorgan Chase, Wells Fargo and Citigroup each disappointed for various reasons.
Bank stocks have acted as the leader during the post-election rally but were the biggest drag during Tuesday's market sell-off.
Whether by foresight or mere good fortune, U.S. banks have reduced their exposure to Mexico just as tension between the two countries is heating up.
Excitement over bank stocks since President-elect Donald Trump's victory looks a little overheated, Dick Bove is telling clients.
A sector that has gained 24 percent in barely seven weeks would seem primed for a pullback. But for banks, there looks to be room to run yet.
Thomas Michaud, KBW CEO & President, gives his earnings outlook for banks as well as views on the financial sector under the Trump administration.