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It is extraordinary to see anyone doing a public offering so soon after the meltdown, much less a bank. This shows quite vividly how remarkable the recovery has been. But, if you look beneath the...
Bank seemed like obvious shorts a couple of weeks ago. Lot of bright folks went in and we've just seen the sharpest ball-breaking short-killing rally ever.
I don't wade often into stock speculation but this article in the WSJ caught my eye. It makes a case for buying XLF, the exchange traded fund for the financial sector. Good idea? I'm not sure it...
Five days ago I reported that Bank of America's dividend was at 11% and that the stock might present a good buy. Did I listen to my own advice? No. Today, BofA was up more than 20%.
Steve Syre from the Boston Globe posted an interesting article asking whether bank stocks represented a buying opportunity. He interviews Gerard Cassidy from RBC Capital Markets, who thinks banks...
So far this year, the Standard & Poor's (MHP ) Financial Services index is down some 17%, and some of the megabanks are doing far worse. Citigroup (C ) is off 39% and Wachovia (WB ), 31%. There's a...
Bank of America, Wells Fargo, and US Bancorp are three of the biggest diversified banks in the US. I agree with this article that they will benefit from the mortgage fall-out. All pay nice...