Posts Tagged “Bank Stocks”

wrote an interesting post today on
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MiamiHerald.com

JPMorgan profit soars on investment bankingWashington PostThe bank said it increased mortgage loss reserves to $4.2 billion in the fourth quarter, up $653 million from a year ago. Loan loss reserves in its …JPMorgan Reports $3.3 Billion 4th-Quarter Profit New York Times (blog)A Big Quarter for Bank Stocks Motley Foolall 211 news articles »

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News Sources wrote an interesting post today on
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The positive earnings announcement by Wells Fargo on Wednesday was marred by a sell recommendation from Dick Bove and a lot of chatter about credit writedowns and mortgage servicing rights (MSRs). I wanted to add a few words about the report, MSRs, and bank stocks more generally. First of all, this has been a very good quarter for bank earnings. Many of the big names globally have surprised to the upside. this includes Goldman Sachs, Morgan Stanley, JPMorgan Chase, Wells Fargo, US Bancorp, SEB

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News Sources wrote an interesting post today on
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Investors often assume dangerous, unnecessary risks by owning stocks on the basis of sloppy economic and financial analysis. For each stock you own, you should frequently reassess the reasons for owning it. Also, you need to remain on the lookout for signals that the future operating environment for a particular stock has changed. Right now, the market has priced bank stocks for perfection, but the earnings outlook remains bleak. Investors are excited about the wide yield curve that’s enabling

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News Sources wrote an interesting post today on
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A: When CSLA analyst Mike Mayo warned about the whole loan (accrual or ‘hold’) books on the banks balance sheets back in early April, he got the idea right but not the timing. Putting yourself back into time & place, the call had merit but when looking back today in hindsight many may say Mayo didn’t know what the heck he was talking about. Afterall, if he was right then how the heck could the market and the bank stocks see the whopping rallies they have seen over the past 4 months. Now here

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News Sources wrote an interesting post today on
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AFP

Heads and Tails at Wells Fargo on Earnings (WFC)24/7 Wall St., NYThe company also noted that Wachovia contributed 41% of the combined revenue and it extended some $175 billion in loans, mortgages, and mortgage security purchases. The tangible common equity ratio was 3.28%, up from 2.86% last quarter; …Riders on the storm CNNMoney.comBank stocks take hit as investors see more trouble ahead Bizjournals.comSector Snap: Bank stocks plunge on credit concerns Forbes CNNMoney.com all 349 news articles

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