|Day Low/High||55.55 / 56.71|
|52 Wk Low/High||28.36 / 55.69|
Trump's comments yesterday actually could be positive news for the big banks.
Bearish names dominate this week and financials in particular.
These companies show signs of a change of direction.
Investors await a host of quarterly earnings reports this week.
A better economy and prospects for reduced regulatory costs will benefit the banking sector in 2017, says Moody's.
Pre-market trading is picking up in Target , with the shares up nearly 8% in pre-market trading now. Investors seem taken with an acceleration of e-commerce sales, which leaped 25% on a year-over-year basis. They had been rising around 15% until thi...
For stock picks, look at the return on equity and dividend yields of the names in this group.
Goldman Sachs, Morgan Stanley and others maintain trend of positive earnings.
Investors will get a slew of earnings reports from major companies and a host of Federal Reserve speakers during the week of Oct. 17.
Fourteen banks tested blockchain technology in the syndicated loan market, and benefits were seen.
After a dismal June dominated by Brexit worries, July has offered a flourish of favorable economic announcements.
Banking stocks were in focus Friday, led by earnings releases from Citi and Wells Fargo before the opening bell.
Investors are gearing up for the start of second quarter earnings season this week.
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.