Financials Join Broader Rally, Goldman Sachs Leads (ETFC, AMTD, SCHW, HIG, MS, GPN, YSB, C, GS) Financial stocks were trading higher with the broader rally after recent losses. Stocks earlier gapped up back as consumer spending rising more than expected and incomes less in February. Personal spending rose 0.8% in February as personal income...
Bank of America Corp (NYSE: BAC) Is Top Performer on the Dow So far This Year Bank of America Corp (NYSE: BAC) is the biggest gainer on the DOW so far this year with the stock gaining about 73%, outperforming the S&P 500 by 60%. Yesterday the stock ended lower over 3% after the...
Financials Underperform, Bank of America Falls about 2% (BAC, C, MS, AIG, RF, HTS, RBS, GS) Financial stocks were trading lower on Tuesday after recent rally with losses coming from banking stocks including Bank of America Corp (NYSE:BAC), which slid after analysts’ downgrade. Today, data showed that U.S. home prices continued to slid for...
Tech Stocks Fall With Micron (CAN, MU, RIMM, NCIT, CIS, ZNGA) Technology stocks slid on Friday with the broader market. Micron Technology Inc (NASDAQ:MU) is putting pressure on the over all chip sector after the company reported wider than estimated loss. Canaco Resources Inc (CVE: CAN) declined 1.0% to $0.990. So far...
Financial Stocks Outperforming (XLF, JEF, BAC, C, GS, COF, JPM) Financial stocks were outperforming the broader markets and were among the few gainers with Financial Select Sector SPDR (ETF)(NYSEARCA:XLF) rose 0.13% to $15.84. Several banking stocks are showing notable gains after their recent run ups following last week’s stress test. Jefferies Group, Inc. (NYSE:JEF)...
Financials Jump as Citigroup Rises Over 4% (C, JPM, ETFC, BAC, GS, RBS) Financial stocks reversed early losses in the afternoon session with shares of Citigroup Inc.(NYSE:C) rose sharply following the news that the bank has sold stake Shanghai Pudong Development Bank. Last week, financial stocks were top performing as the Federal Reserve announced...
Bank of America Corp (NYSE:BAC) Hits 7-Month After Passing Stress Tests It was expected that Bank of America Corp (NYSE:BAC), the second-largest U.S. bank, would pass the review, but its conventional capital plan allowed its disparity with other banks, notably Citigroup Inc. (NYSE:C), which had their proposals for dividend increases and share buybacks denied...
Stock Futures Up Slightly, Citigroup Slumps (C, JPM, WFC, USB, RF, MET, HOGS, MU, RVSN, CAT) U.S. stock futures are trading with modest gains after posting solid gains in the previous trading session with the Nasdaq hitting 12 year high, the DOW made 3-year highs and the S&P 500 reached 4-year high. Late Tuesday,...
Financials Lead The Market Higher, Goldman Sachs Outperforms (C, GS, JPM, BBX, BBT, TCB, ACE, HBC, RF, HBAN) Financial stocks jumped On Tuesday with the broader rally supported by banking stocks as confidence is gaining in Europe’s largest economy Germany, and U.S. retail sales data showed continuing signs of economic recovery. Now, investors are...
