Category: Banking Stocks
The analysis published under this category are as follows.
Friday, March 16, 2012
The Real Truth About Goldman Sachs... / Companies / Banking Stocks
By: Money_Morning
Shah Gilani writes:
By now you've heard about Greg Smith.
He's the former executive director of Goldman Sachs (NYSE: GS) who pulled a Jerry Maguire on Wednesday while resigning from the illustrious Vampire Squid.
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Thursday, March 15, 2012
Parasitic Behaviour of Goldman to Its Clients Sachs Prompts Resignation / Politics / Banking Stocks
By: Mike_Shedlock
Greg Smith's op-ed in the New York Times "Why I Am Leaving Goldman Sachs" is precisely the catalyst that will eventually bring reform to the securities industry.
Denial Coming Up
Unfortunately, neither the Fed nor the SEC has any inclination to do anything about industry-wide fraud and corruption, therefore immediate results are not forthcoming.
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Thursday, March 15, 2012
Goldman Sachs: Greed Is Good / Companies / Banking Stocks
By: EconMatters
Scandal and headlines seem to perpetually follow Goldman Sachs (GS), a firm that's simply doing "God's Work". On Wed. March 14, Goldman's name once again burnt up the Internet, and social media. This time it was from a resignation letter by one of its top executives published as an op-ed at the New York Times.
Thursday, February 16, 2012
“No QE3″, Retracement Level Stalls Financial Stocks / Companies / Banking Stocks
By: Chris_Ciovacco
Since financial stocks make up 14% of the S&P 500 Index, it is difficult to sustain a rally without strength in banks and financial services firms. With the Fed and ECB opening up the liquidity fire hydrant in late December 2011, bank stocks experienced another in a series of monster bailout rallies. As outlined below, the Financials Select Sector ETF (XLF) may be poised to give back some gains over the coming sessions based on numerous factors including reduced odds of QE3.
Wednesday, February 15, 2012
Betting on Canada's Best Banks / Companies / Banking Stocks
By: Roger_Conrad
Betting on Canada's Best Banks
Will Europe resolve its sovereign debt crisis and return to growth in 2012? Or will, as so many fear, the Continent’s economic unity dissolve and its banking system and common currency collapse, dragging the rest of the world into another recession?
Friday, January 27, 2012
Powerful Consolidation Coming in Banking as a Consequence of Overcapacity / Companies / Banking Stocks
By: Bloomberg
Bloomberg TV's Erik Schatzker spoke to Deutsche Bank incoming co-CEO Anshu Jain, who said that he foresees "powerful consolidation" in the industry and those banks who survive will '"actually wind up with a margin expansion over time."
Thursday, January 19, 2012
Banking Analyst Brad Hintz: 'We Should Tip Our Hat to Morgan Stanley' / Companies / Banking Stocks
By: Bloomberg
Bloomberg TV's Margaret Brennan spoke to banking analyst Brad Hintz this morning, who told Bloomberg TV, "We should kind of tip our hat to Morgan Stanley. They pulled one off here in terms of reducing some of their potential exposure to some of the weaker European banks."
Wednesday, January 18, 2012
Banking Sector Analysis / Companies / Banking Stocks
By: Mike_Paulenoff
Sign up for a free 15-dBelow is a newly created daily sector chart for the big investment & trading banks accompanied by a chart of the cash S&P 500 for comparison and relative strength purposes.
The SPX currently is on a bullish signal. Only a decline that breaks 1277.50 will neutralize the signal.
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Tuesday, December 27, 2011
Banking Stocks Downtrend Still Dominant / Companies / Banking Stocks
By: Mike_Paulenoff
Despite last week's rally in the major trader/broker banks, let's notice that none of the upmoves in Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) inflicted significant damage to the still-dominant downtrends.
You can see the near- and intermediate-term resistance levels labeled on the enclosed charts. Only BAC made a new low (4.92) for the bear phase, and then staged a 15% multi-day rally to 5.65, but appears to have stalled right at its nearest-term hourly resistance line.
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Wednesday, November 30, 2011
Trouble in China, and Trouble for U.S. Banks? / Stock-Markets / Banking Stocks
By: Marty_Chenard
Our country's top Banks and Financial institutions were downgraded yesterday. Stocks included in the downgrade were: BAC, JPM, WFC, C, MS, and GS.
But at 7:16 AM this morning, the futures were indicating that ALL of them were showing a pre-market rise in their values.
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Monday, November 21, 2011
The Goldman Sachs Rule: Don't Let This Puppet Master Pull Your Strings / Companies / Banking Stocks
By: Money_Morning
Shah Gilani writes:
Goldman Sachs Group Inc. (NYSE: GS) Chief Executive Officer Lloyd Blankfein was really on a roll speaking at an investment conference in New York last week.
Among other things, he said there's no way we can conclude that a slowdown in banking and trading businesses is "secular, rather than cyclical."
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Tuesday, November 08, 2011
Banking Sector Crisis 2011, What I Learned From My Lunch with Citigroup's Vikram Pandit / Companies / Banking Stocks
By: Money_Morning
Martin Hutchinson writes:
I've long been bearish on bank stocks and financials - but something happened last week that made me rethink my position.
I was having lunch with Citigroup Inc. (NYSE: C) Chief Executive Officer Vikram Pandit, and he had some interesting points.
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Tuesday, November 08, 2011
Important Stock Market Banking Sector Situation / Stock-Markets / Banking Stocks
By: Marty_Chenard
Below is a weekly chart of the Banking Index. Take a good look at the lines labeled 1 and 2.
What do you see?
Looking at the chart, you should see that the SPY has been trending up since April 2010, while the Banking Index (symbol: $BKX) has been trending down since April 2010.
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Thursday, November 03, 2011
One Man's Mission to Build the World's Safest Bank / Companies / Banking Stocks
By: Money_Morning
Peter Krauth writes:
One Canadian entrepreneur may well be forging an innovative path to changing the global banking landscape - for the better. And in the process he may build the world's safest bank.
Eric Sprott, the billionaire resource investment guru, is buying 51% of Ontario currency trader Continental Currency Exchange Corp., with the aim of making it into a financial institution that, refreshingly, will not make loans.
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Thursday, October 27, 2011
Why We Warned You Not to Buy Bank Stocks / Companies / Banking Stocks
By: Money_Morning
Kerri Shannon writes:
If you weren't convinced before, hopefully you've seen the light now: Don't buy bank stocks.
Money Morning Global Investing Strategist Martin Hutchinson first warned it was time to bail on bank stocks on Aug. 17. He said the sector was headed for a "catastrophic decline."
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Monday, October 24, 2011
Bank Earnings, Heads I Win Tails You Lose / Companies / Banking Stocks
By: Tony_Pallotta
The "Too Big To Fails" have reported Q3 2011 EPS and in a word, horrible. On the surface earnings looked like another beat on both the top and bottom line but simply reading through the press release reveals the truth about how desperate the banks are right now.
Their ability to generate real income has simply vanished. With a flat yield curve, constrained consumer and a balance sheet loaded with risk they only have one tool left. Their last line of defense between the reality of insolvency and the absurdity of accounting is known as CVA.
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Friday, October 21, 2011
Bank Stocks Are Bad Investments - But Excellent Trading Opportunities / Companies / Banking Stocks
By: Money_Morning
Shah Gilani writes:
Long gone are the days when bank stocks were safe investments. Now, and for the foreseeable future, the only safe way to play banks and financials is by trading them.
Banks face so many issues, both in the near term and on a long-term secular basis, that putting shares away, even now when they look cheap, could be hazardous to your wealth and your mental state.
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Thursday, October 13, 2011
Big Banks Are About to Get Blasted by the Volcker Rule / Stock-Markets / Banking Stocks
By: Money_Morning
David Zeiler writes:
When the Volcker Rule regulations go into effect next year, its restrictions could slam the revenue of the fixed income trading operations of several major U.S. banks by as much as 25%.
The Volker Rule is one of the elements required by the Dodd-Frank financial oversight law, which was written to rein in the sort of excessive Wall Street risk-taking that led to the financial crisis of 2008.
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Monday, October 10, 2011
Dump Deutsche Bank Before It’s Squeezed by Europe’s Capital Crunch / Companies / Banking Stocks
By: Money_Morning
Jack Barnes writes:
Frankfurt-based Deutsche Bank AG (NYSE: DB) is about to be critically wounded by the European banking crisis.
Don't get me wrong - it will survive the spiraling financial mess. Germany will defend it because it's the bellwether of big banking in Europe. It's their version of "too big to fail."
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Monday, October 10, 2011
How to Profit From the Collapse of Europe's Lehman Bros Bank / Companies / Banking Stocks
By: Money_Morning
Keith Fitz-Gerald writes:
Back in July, I warned you that Europe probably had its own Lehman Bros. - an unstable financial institution on the brink of a collapse.
At the time, I didn't know exactly which institutions were most at risk.
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