|Day Low/High||37.76 / 38.96|
|52 Wk Low/High||28.36 / 61.11|
Strong capital ratios, solid loan portfolios and attractive valuations argue for higher prices for financials.
Investors should favor sectors that perform well in a slow growth, low inflation environment because the Federal Reserve is clearly not comfortable hiking interest rates right now.
Recent reports that Wells could be in the hunt for the credit card giant appear to be overblown.
U.S. Bancorp (USB) released fourth-quarter results this morning, saying it earned $0.80 per share vs. a $0.79 consensus estimate. Revenues came in at $5.21 billion vs. the $5.12 billion consensus, but shares are down 2% in premarket trading.
In 'What to Watch on Wall Street' for Friday January 15, look out for big banks to tell investors how they performed in the latest quarter.
Worries about the Chinese economy certainly shocked global stocks on the first day of trading in 2016.
Moody's says the banking outlook is stable but there are headwinds ahead.
Despite that major department stores like Macy's (M) and Nordstrom (JWN) served up less-than-stellar third quarter earnings reports, the American consumer remains robust and ready to spend this holiday season.
China has announced that it is ending its one child policy and will now permit couples to have two children.
The S&P 500 has gone from flat for the year to down almost 8% in barely a week.
But the two-day rally has quickly made the markets look overbought again.
Business demand has rebounded, but consumers are still trying to catch up.
BlackRock and Bank of America also lead today's earnings parade.
Jim Cramer answers viewers' Twitter (TWTR) questions from the floor of the New York Stock Exchange.
Where it began "Who does not know the truth is simply a fool, yet who knows the truth and calls it a lie is a criminal." -- Bertolt Brecht The rundown: U.S. futures are modestly lower: S&P 500 futures are down 5 points and Nasdaq futures are 11 hand...