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Posts Tagged ‘bank stocks’

Treasury yield curve inverts again–key to market direction?

Adding to Monday's market sell off or maybe causing Monday's market sell off or maybe just a result of the Monday sell off, the yield curve on U.S Treasuries inverted again on May 13. The yield on the 3-month Treasury bill at 2.38% ended the day higher than the yield on the two-year Treasury note […]

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Selling Independent Bank (IBCP) out of my Dividend Portfolio

When I posted earlier today that I would keep Bank of America (BAC) in my Dividend Portfolio I said the decision rested largely on the ways that Bank of America wasn't like the "average" bank. Chief among these "ways" was the bank's ability to use its fee income--from things like its investment banking unit and […]

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2019 shaping up as a tough year for bank stocks–here’s why I’m holding Bank of America in my Dividend Portfolio

2018 was supposed to be a good year for bank stocks. Rising interest rates from the Federal Reserve would provide a positive environment for banks, bank revenues, and bank earnings. 2019 is likely to provide a negative backdrop for banks. The Fed is holding interest rates steady, the consensus on Wall Street believes, until the […]

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Bank of America earnings: Another big bank flags falling net interest income

This morning Bank of America (BAC) reported first quarter earnings of 70 cents a share, 4 cents a share above Wall Street projections. Earnings per share were up 13% from the first quarter of 2018 but flat with the fourth quarter of 2018. Revenue fell 0.4% year over year to $23 billion, slightly below the […]

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Earnings from Citigroup and Goldman Sachs tip markets lower

Today's earnings and (especially) revenue reports for the first quarter of 2019 from Citigroup (C) and Goldman Sachs (GS) say that Friday's good news from JPMorgan Chase (JPM) shouldn't be extrapolated to the entire banking sector. This morning before the New York market opened Citigroup reported earnings of $1.87 a share, 8 cents a share […]

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ING yields 5.8% and may have turned the corner on share price in the last month

I'm sure you're happy with the 5.80% forward dividend yield on ING (ING). That dividend is why the stock is a member of my Dividend Portfolio. I'm also sure that you're not happy with the loss in the stock's price--down 13.64% year to date as of today's close at $12.59. And down 13.78% since I […]

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Market goes all in on “No interest rate increase for 2019”

The market has priced in just about a zero percent change of an interest rate increase from the Federal Reserve in 2019. In fact, looking out through all of 2019 and into 2020, the financial markets believe there's more chance of an interest rate cut than of a rate increase. This kind of all in […]

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Why I can’t put away my bear market worries #2: Financials to tech earnings transition

The big banks have delivered to start off earnings season. And the financial sector has been a key source of strength for the uptrend in stocks since January 3. Over the last month, the Financial Select Sector SPDR ETF (XLF) is up 5.4% as of the close on January 17. But now the going gets […]

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Citigroup begins fourth quarter earnings season with a revenue miss

This morning Citigroup (C) kicked off earnings season for the big banks and stocks in general with a report that first, argued that the banking sector hasn't fixed its big problem--no toppling revenue growth--and, second, that those traders and investors who are leery of disappointing revenues in this quarter's reports from stocks in other sectors […]

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Estimates for bank earnings continue to move lower ahead of next week’s earnings reports

Bank stocks aren't doing badly today ahead of the start of earnings reports from the biggest banks starting on Monday. But to me it looks like today's slightly upward bias is a bet not on good earnings but that analysts have gone too far with their cuts to bank earnings for the fourth quarter. The […]

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