Category: Banking Stocks
The analysis published under this category are as follows.
Wednesday, April 21, 2010
Goldman Sachs Charged With Fraud: Who Could Have Guessed? Part II / Companies / Banking Stocks
By: EWI
In the November 2009 issue of Elliott Wave International's monthly Elliott Wave Financial Forecast, co-editors Steven Hochberg and Peter Kendall published a careful study of Goldman Sachs company history -- and made a sobering forecast for the firm's future: "Goldman Sachs will experience an epic fall."
Monday, April 19, 2010
Goldman Sachs Charged With Fraud: Who Could Have Guessed? / Companies / Banking Stocks
By: EWI
April 16, (Reuters) - Goldman Sachs Group Inc was charged with fraud on Friday by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages.
Monday, April 19, 2010
Goldman Sachs, Financial Stocks Sector XLF ETF Analysis / Companies / Banking Stocks
By: Mike_Paulenoff
This week we look at a few of the financials to analyze the chart structures after Friday's major downside reversal in Goldman Sachs Group (GS) and other related financials.
Saturday, April 17, 2010
The End Game for the Goldman Sachs (GS) "Crisis" / Companies / Banking Stocks
By: Trader_Mark
If you are new to the market and think today was some sort of game changer... please don't worry. Malfeasance is now the root of the US casino, we go through one of these episodes every 3-5 years and come back stronger and more malfeasant! (I made that word up) That said, days like today are for enjoyment since they break up the normal - any day Goldman stock falls and Cramer gets exposed by a man never to see the CNBC light of day ever again is a day to cherish. But it changes nothing.
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Friday, April 09, 2010
How to Profit from the Coming Plague of Busted Bankrupt Banks / Companies / Banking Stocks
By: DailyWealth
Tom Dyson writes: Hundreds of banks are about to fail...
Three banks failed in 2007. Twenty-five banks failed in 2008. One hundred and forty banks failed in 2009. Forty-one have failed already this year... and hundreds more will fail soon.
Tuesday, March 30, 2010
U.S. Treasury to Sell $7.7 Billion Stake in Citigroup / Companies / Banking Stocks
By: Money_Morning
Don Miller writes: The U.S. Treasury Department said yesterday (Monday) that it plans to sell the government's $7.7 billion stake in Citigroup Inc. (NYSE: C) this year, bringing the bank one step closer to leaving the bailout program.
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Thursday, February 25, 2010
RBS Makes £3.5 Billion Loss, Pays £1.3 Billion of Tax Payer Cash as Bonuses / Companies / Banking Stocks
By: Nadeem_Walayat
The tax payer bailed out and 84% owned RBS bank declared a loss for 2009 of £3.6 billion. The loss would have been infinitely larger had the government and the Bank of England had not bend over backwards to engineer a banking system that effectively funnels cash into the bankrupting banks balance sheets. Despite the headline loss and despite the fact that ALL earnings are directly as a consequence of the tax payers ,RBS STILL paid out a bonus of £1.3 billion which illustrates why nothing has changed amongst the bankster's that continue to hold the country to ransom at gun point.
Thursday, January 14, 2010
Goldman Sachs The Giant Vampire Squid’s Journey To The East / Companies / Banking Stocks
By: Darryl_R_Schoon
Usury, once a venal sin, was now commonplace and bankers who live by the charging of interest were considered respectable. The hand of evil was everywhere as the end-times, the end of days, were upon them.
Rolling Stone writer Matt Taibbi’s description of Goldman Sachs as a Giant Vampire Squid which wraps itself around its victims draining them of their productivity and profits is chillingly accurate.
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Tuesday, December 29, 2009
Bullish Consolidation for JP Morgan / Companies / Banking Stocks
By: Mike_Paulenoff
JP Morgan (NYSE: JPM) has been treading water for the past few sessions, and just may continue to do so into Thursday's year-end close. That notwithstanding, the pattern suggests strongly that another upleg is approaching in the upcoming hours/days. For the past week all of the action in JPM appears to have taken the form of a bullish consolidation period in the aftermath of the recent upleg from 40.03 to 42.24. Let’s notice that the consolidation has found resistance just above 42.00 while support resides around 41.50.
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Tuesday, November 24, 2009
Can U.S. Bank Stocks Double Again in 2010? / Companies / Banking Stocks
By: Money_Morning
Martin Hutchinson writes: In February 2009, I reviewed the operations of the 12 largest U.S. banks, and concluded most of them were sound.
In fact, I told Money Morning readers that the soundest were at that point excellent investment opportunities.
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Tuesday, October 06, 2009
Are Bank Stocks A Bad Bet? / Companies / Banking Stocks
By: Money_Morning
Martin Hutchinson writes: Billionaire investor George Soros said yesterday (Monday) that the U.S. recovery would be a slow one because of all the “basically bankrupt” financial companies impeding it.
Wednesday, September 16, 2009
Banking on RKH Regional Bank HLDRs ETF / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Let’s notice that the Regional Bank HLDRs ETF (AMEX: RKH), which we added yesterday, continues to climb to new recovery highs, hurdling the August double-top at 81.45/49 in the process, which usually is a very constructive technical event. If the RKH sustains for today’s session above 81.50, then my next target becomes 85.20/60. The heaviest weightings in the ETF are JPM, WFC, USB, BAC, NTRS, PNC, BK, BBT and STI.
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Monday, September 14, 2009
Banking Stocks Index BKX Going Down, Shorting Opportunity XLF ? / Companies / Banking Stocks
By: Marty_Chenard
On September 4th, Wilbur Ross said that he expected 500 more banks to fail between then and the end of 2010.
This morning, economist Nouriel Roubini told CNBC that he was predicting that "more than 1,000 financial institutions could fail before all is said and done".
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Wednesday, September 02, 2009
Financial Stocks on Tsunami Watch / Stock-Markets / Banking Stocks
By: David_Urban
After seeing quite a large rally from the March lows the market appears to be extended and indicators (stocks above 200 day moving average, market PE, bullish/bearish %'s) are signaling some rough seas ahead. While stock could conceivably move higher there are a few reasons why I am bearish at the present time.
Monday, August 24, 2009
The Fraud Of The Federal Reserve Bank / Companies / Banking Stocks
By: Captain_Hook
Far too many look for easy ways to get rich quick these days, only to be disappointed or shocked when reality bites in the end. Because of this there are no shortage of Ponzi like schemes characterizing the financial landscape, one by one being found out to be frauds, with Bernie Madoff at the top of the list in history thus far. The public was shocked when they discovered the size of the Ponzi scheme he was able to put together and perpetuate for so long, as usually, operations like this fall apart much quicker.
Thursday, August 13, 2009
Financials Stocks Catch a Bid / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Thanks to publicity of the Paulson & Co., 13F filing, which shows a substantially long position in Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS), the Financial Sector Sector ETF (NYSE: XLF) has caught a bid here this morning, which extends its upmove off of yesterday’s pullback low at 13.70.
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Wednesday, August 05, 2009
Financial Sector Stocks XLF ETF Nearing a Peak? / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Now that the Financial Select Sector SPDR (NYSE: XLF) has climbed to my optimal next upside target zone 13.80-14.00 (I took my profit late yesterday), let's notice that the price structure has climbed vertically towards the top trendline of the July bullish price channel. My near term work aruges that we should expect a peak in and around the 14.00-14.20 area in the upcoming hours, which could coincide with the rebalance of Citigroup (C) after the close this evening. C is going into the S&P 500, and supposedly The Street must buy 650 million shares to "rebalance" their index portfolios.
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Friday, July 31, 2009
Financial Stocks ETF XLF Needs to Break Its Down Trendline / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
The big picture of the Financial Select Sector ETF (XLF) shows that the
recovery
thus far has not yet challenged the dominant bear market down trendline,
which cuts across the
price axis at approximately 14.30 as we speak. Should the XLF seek out a
test of its major down
trendline in the next two weeks, the price structure will have to climb
another 10%. Of course, to do that
the index will have to climb above its prior recovery rally peak at 13.05,
which should trigger acceleration
towards the test of the 2 year down trendline. If the upmove exceeds the
trendline at 14.30, my work will
trigger higher intermediate term swing targets at 15.30 and then 18.00.
Wednesday, July 29, 2009
Will Citigroup Lose its Top Energy Trader? / Companies / Banking Stocks
By: Money_Morning
Jason Simpkins writes: Grow Rich Automatically with the World’s Only Gold-Backed "Cash" The U.S. Treasury Dept. has finally approved the new gold-backed "cash." And according to gold expert Peter Schiff, this new money, called "Gold Dollars," is not only the best place for your savings today... it could prove very profitable. Why? Because every "dollar" you hold in your bank account is backed by 1 gram of solid gold, held in Fort Knox-like security. So when each gram of gold goes up in value, so does your cash! (Meanwhile, you can spend your money just like you would regular paper dollars.) For Schiff's full report, please go here.
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Wednesday, July 29, 2009
Why You Should Not Bank on Banking Stocks / Companies / Banking Stocks
By: Money_Morning
Martin Hutchinson writes: Can U.S. bank stocks continue their winning streak?
In February, I analyzed the top 12 U.S. banks to determine whether they really needed $1.5 trillion in taxpayer-provided bailout capital. I concluded that only a few of those banks seemed to be in any danger of collapse, and actually recommended several.
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