|Day Low/High||36.85 / 37.36|
|52 Wk Low/High||27.62 / 46.66|
Financials stocks in the S&P 500 are not only down since the start of they year, they've underperformed the broad S&P 500.
The charts of American Express and IBM both look intriguing after their quarterly results.
New levels to act on. Now let's review our charts for a new strategy.
Bearish names dominate this week and financials in particular.
These companies show signs of a change of direction.
There are still many small banks below book value with lots of capital and strong loan portfolios.
Following these activists can pay off; they know their banks inside out.
Executives could accelerate decisions to go ahead and sell their banks.
These two large (for me) Northeast banks are attractive.
While Japanese banks deal with negative interest rates, low interest rates in the U.S. are comparatively more attractive.
Latest filing shows the firm bought BX, AC, CFG and more in 4Q.
The opportunity to buy good companies and quality assets at lower prices is a good thing.
Banks stocks have stumbled since the start of 2016 over worries about tight net interest margins and overbearing regulation but three names may be ready for a move higher.
With a rising rate environment approaching, anybody holding a student loan should consider refinancing, said Brendan Coughlin, president of consumer lending at Citizens Bank (CFG).
Mid-sized businesses are optimistic about the economy heading into 2016, but that does not mean they are not seeking to reduce risk where they can.