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JP Morgan, Wells Fargo And Citigroup in Vanguard As Earnings Season Begins
Monday, April 13, 2020 - 1:49pm | 2430Read More...While no sector is immune to the virus battering global economies, few arguably have as much exposure as Financials. This could be especially true for some of the biggest U.S. banks as they prepare to report Q1 earnings next week. More than other sectors, big banks can’t retreat to individual...
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Focus On Guidance, Loan-Loss Provisions, Yields As Big Banks Prepare To Report Earnings
Friday, April 3, 2020 - 2:57pm | 1946Read More...Financial sector companies step up to the line to report earnings soon, but in a way it’s too bad they can’t just pass on this snapshot and advance directly to Q2 earnings season. Not because Q2 results will necessarily be better than Q1 (they might actually be worse), but because...
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Traditional Banking Vs. Decentralized Finance
Wednesday, December 18, 2019 - 3:16pm | 1751Read More...Imagine a country that replaces culture with computer code. Instead of laws and police, it has smart contracts. Instead of a president, legislature or supreme court, it simply has another layer of computer code called “governance.” Instead of money, it has digital...
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How's The Consumer Doing? Financial Sector Earnings Next Week Could Help Tell Us
Friday, October 11, 2019 - 10:07am | 1663Read More...During Q2 earnings season, Financial sector results helped renew investor confidence in the U.S. consumer. The question heading into Q3 is whether banking executives still see the same kind of strength, and if they think it can continue amid trade wars, Brexit, and signs of weakness in the U.S....
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A Big Bank Q3 Preview: Can Earnings Help Stocks Break Out Of Lackluster Phase?
Wednesday, October 10, 2018 - 2:57pm | 927Read More...Corporate earnings have been on a roll: S&P 500 earnings are set to grow 19.2 percent year-over-year in the third quarter, marking the third-highest quarterly earnings growth since the first quarter of 2011, according to the weekly Earnings Insight report by Factset. Given the...
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Flat Yield Curve, Geopolitical Uncertainty Weighing On Financials Ahead Of Q3 Earnings
Monday, October 1, 2018 - 1:26pm | 1469Read More...Stocks in the financial sector have been putting up some mixed performances of late as the Fed has continued to hike interest rates. Overall, the S&P Financial Select Sector Index (IXM) is down 1.2 percent year-to-date, although the sector dropped 2.89 percent in September alone, with one red...
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Attractive Relative Valuation Fetches Howard Bancorp An Upgrade
Friday, February 9, 2018 - 10:55am | 389Read More...Fears of increasing inflation and higher interest rates that drove the market downward are generally beneficial for banks, a Merion Capital analyst said. The Analyst Analyst Joe Gladue upgraded shares of Howard Bancorp Inc (NASDAQ: HBMD) from Neutral to Outperform, as the shares have...
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Fellow Banks Lose Faith In Wells Fargo, Downgrade On Fed Risk
Monday, February 5, 2018 - 10:26am | 533Read More...Wells Fargo & Co (NYSE: WFC) received a cease-and-desist order Friday from the Federal Reserve that will limit asset growth to $1.95 trillion pending compliance, board oversight and risk management improvements. The threat to net income prompted a number of Monday downgrades, with Morgan...
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The Big Bank Q4 Earnings Roundup: Tax Charges Drag Bottom Lines
Friday, January 19, 2018 - 10:53am | 1202Read More...Big banks began to report earnings in the week ended Jan. 12, and the financial earnings news flow continued into the week ended Jan. 19. A Muted Show The financial sector turned in 2.4-percent year-over-year revenue growth for the fourth quarter, the second lowest of all the eleven sectors,...
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What Finance Firms Spend On Lobbying To Influence Trump
Sunday, September 17, 2017 - 9:35am | 599Read More...In the eight months since President Donald Trump assumed office, the financial sector has been moved by quite a few catalysts. There’s the bipartisan press for the 21st Century Glass-Steagall Act, which would more solidly bifurcate banks into commercial and investment segments to improve...
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Big Bank Earnings Begin Trickling In With JPMorgan, Citi, PNC And Wells Fargo
Friday, July 14, 2017 - 7:56am | 616Read More...Financial stocks are in the midst of a rollercoaster 2017. After a strong start to the year, many bank stocks lost momentum in late March, only to regain momentum in June and July. Heading into Friday's trading session, the financial sector exchange-traded fund, Financial Select Sector SPDR...
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JJ Kinahan: Big Bank Earnings At Risk In Tough Rate Environment
Monday, July 10, 2017 - 2:14pm | 449Read More...A handful of big banks will release their earnings reports Friday, and TD Ameritrade Holding Corp. (NASDAQ: AMTD) Chief Strategist JJ Kinahan hopes they’ll live up to the hype. But the stars don’t appear to be aligning. “Earnings expectations are high,” Kinahan told Benzinga...
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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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Blockchain Gets A Much-Needed Stamp Of Approval
Thursday, January 28, 2016 - 8:38am | 390Read More...Finance firm Goldman Sachs Group Inc (NYSE: GS) has become a pillar of the financial sector with traders looking to the bank's advice for everything from investing to saving. For that reason, Goldman Sachs Director Don Duet's positive remarks regarding blockchain could be a catalyst for the...
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5 NASDAQ Financial Stocks With The Highest ROI
Tuesday, July 14, 2015 - 8:26am | 183Read More...Below are the top NASDAQ stocks in the financial sector in terms of return on investment. The trailing-twelve-month return on investment at Fifth Street Asset Management Inc (NASDAQ: FSAM) is 359.30 percent. Fifth Street Asset Management's revenue for the same period is $104.30 million. The...
