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What Oppenheimer Learned From Banks' Earnings Season
Wednesday, August 17, 2016 - 1:55pm | 349Read More...Earnings season for the financial institution space has come and gone. According to Oppenheimer's Ben Chittenden, the "fundamental backdrop for profitability remains under pressure," and a sustained rate hike cycle is needed to "truly change the direction of profitability." Chittenden noted that...
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Jim Cramer On Financials: 'This Is Day One Of The Rally'
Wednesday, May 25, 2016 - 1:30pm | 314Read More...Financial stocks were trading mostly higher on Wednesday with the Financial Select Sector SPDR Fund (NYSE: XLF) outperforming the broader indices. According to CNBC's Jim Cramer, investors are banking on the likelihood that the Federal Reserve will hike interest rates at least twice throughout the...
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Jamie Dimon Talks Politics, Says 'Scapegoating, Finger-Pointing And Yelling Doesn't Work'
Wednesday, May 11, 2016 - 10:27am | 208Read More...JPMorgan Chase & Co. (NYSE: JPM)'s Chairman and CEO Jamie Dimon was a guest on Wednesday's edition of CNBC's "Squawk Box" to discuss the U.S. election and what a potential President DOnald Trump or Hillary Clinton would mean for the economy. According to Dimon, the...
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Government $117B Tax Should Not Discourage Investments Into Banking Stocks
Friday, January 15, 2010 - 8:29am | 170Read More...Analysts at RBC Capital Markets believe that “investors should not be distracted” by the Obama Administration’s plans to levy a $117 billion tax on the 50 biggest financial companies. The Obama Administration called this the "financial crisis responsibility fee," which will total $90 billion over...
