|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||45.56 - 45.85|
|52 Week Range||33.80 - 47.00|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Chris Verrone, Strategas Research Partners, discusses why to buy the dip in banks after earnings. The “Fast Money” traders weigh in.
Earnings season technically got underway last week with 17 of the S&P 500 constituent companies reporting.
The legislative move has led to the return of Trump trade and investors are cashing in on the opportunity with ETFs that are deemed to gain most on tax reforms.
On a strong day for stocks, Micron reported a big quarter and Nike beat expectations but gave an uninspiring outlook for its domestic business.
Financial services stocks and exchange traded funds rose last week after the Federal Reserve said it will gradually begin unwinding its balance sheet and fixed income traders priced in increasing odds ...
On the day that traders returned from the long Labor Day weekend, several indexes tracking bank stocks broke down. It seemed to be the last straw in a banking sector that was already lagging. Indeed, the stock market rallied most of the year without any help from banks at all.
Nearly eight years to the day after Lehman Brothers collapsed and set fire to the financial world, analyst Mike Mayo said the industry has rebounded.
The entire gain has been lost and presumably so has the enthusiasm the bond market had for the new administration. The question investors must ask is, what does the bond market know that the stock market may be missing? This is a plot of Treasury rates from short-term to long-term, and it is often used as a harbinger of economic change.
A worrisome rift is developing as financial stocks slump while the broader U.S. market remains near all-time highs.
Sectors of the S&P 500 Index (SPY) play an important role. When economic activity improves and the market is strong, major sectors perform well.
Moody's Rita Sahu and her team recently reviewed banks' second-quarter earnings, writing that while profits were up, they were offset a bit by rising liability costs. Sahu writes that U.S. banks's profits got a boost from rising short-term interest rates in the second quarter, even as capital markets revenues declined. Strong earnings meant that many banks were able to raise their capital ratios during the quarter as well: The median Common Equity Tier 1 (CET1) capital ratio for the group increased to 11.0% from 10.8% last year.
KBW’s Brian Gardner, Brady Gailey and Catherine Mealor discuss the firm’s recent 18 annual Community Bank Investors Conference in New York, writing that they expect a steady flow of consolidation from banks in the southeast region. A few more of their thoughts on community banks in general: Organic loan growth picked up in the second quarter, and generally our banks seem bullish about prospects for growth in the second half of the year.
A high correlation between financial stocks and bond yields signifies that investors are obsessively focused with the prevailing macroeconomic environment, seemingly at the expense of the sector's other ...
Major U.S. index funds were higher across the board, boosted by positive July jobs data and big gains by JPMorgan and Goldman Sachs.
Last week, Valley National Bancorp (VLY) announced it would acquire Clearwater, Florida-based USAmeriBancorp (USAB) for $816 million. There's plenty of reason that banks would want to get exposure to the Sunshine State, including good demographics, an attractive tax environment, and a recovery still in only the 'middle innings,' writes Rose. As such, he reiterated Outperform ratings on CenterState (CSFL) and Seacoast (SBCF), and he also sees FCB Financial (FCB), Capital City (CCBG), TGR Financial (TGRF), Sunshine Bancorp (SBCP), and Atlantic Coast Financial (ACFC) to benefit as well.