banking

Another busy week for investors and traders ahead in terms of eco-data earnings and overall potential market movers. Let’s take a market minute to get ahead of what’s to come. Investors and traders are exhibiting a bit of caution tied to concerns related to COVID infections on the rise...

Big banks continue to hold up their end of the bargain, but the rest of the market doesn’t seem too impressed this morning. Major indices declined overnight amid worries about the Chinese economy, while slipping U.S. bond yields put a little pressure on things, too.  Morgan Stanley...

When you think of Bastille Day, maybe parades and fireworks come to mind. On Wall Street today, we get a parade of fresh earnings reports, another look at inflation, and a few words from Fed Chairman Jerome Powell. Any fireworks? We’ll see.  After a strong start to earnings season,...

After a blistering Q1 for the Financial sector, a rockier road might await as they begin reporting their latest numbers this week. Expectations for Q2 results are down a bit after some of the banks warned of a slowdown in trading revenue. While year-over-year earnings are expected to rise sharply...

After riding swift tailwinds through Q1, the biggest U.S. banks could face tougher times as Q2 earnings loom. That doesn’t mean Q2 year-over-year earnings growth for the Financial sector won’t be immense. Remember, at this time a year ago, the industry was struggling through the worst...

As a comedian once said, “And away we go!”  Earnings season kicked off today with a bang as both JP Morgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS) easily surpassed analyst’s average estimates on the top and bottom lines. Despite the beats, neither...

Investors in JPMorgan Chase & Co (NYSE: JPM) want to know if the consumer is back, CFRA analyst Ken Leon said Tuesday on CNBC's "Squawk Box." What Happened: JPMorgan reported quarterly earnings of $3.78 per share, which beat the estimate of $3.20 per share. The company...

For those who thought last week was action-packed with U.S. indices to new all-time highs, the TNX dipping to 1.26%, levels we haven’t seen since February, and crude oil spiking to 6-year highs – hold on to your hats because you haven’t seen anything yet. It’s a busy week...

The market is looking a bit like the next-generation space race we’re seeing. In a similar fashion to Virgin Galactic’s (NYSE: SPCE) first fully-crewed flight to the edge of space on Sunday, the market has headed toward the stars with a record finish last week. But trading...

Like a game of seesaw, the falling bond market appeared to give stocks a boost early Friday. Yesterday it was stocks at the bottom and bonds high up. For now, anyway, stocks are climbing along with Treasury yields, which rise as bonds fall. The 10-year yield bounced back from yesterday’s five...

PNC Financial Services Group Inc (NYSE: PNC) was featured as the call of the day Friday on CNBC's "Fast Money Halftime Report." What Happened: Wolfe Research analyst Bill Carcache double upgraded PNC from Underperform to Outperform and raised the price...

The second half is starting right where the first half finished, with slow, plodding upward movement. We’re off to a new quarter and we’ll see if we can make it six in a row after five straight quarters of gains.  Stocks wobbled in overnight trading despite some strength in...

The old hockey adage goes, “Don’t skate to where the puck is, skate to where you think it’s going to be.” That same phrase could apply to investors once earnings season gets going in July. It’s not so much where the reporting companies have been or what they recently...

Talk about snapping right back.  Major indices rose just a bit in pre-market trading this morning, nothing too spectacular, but Monday’s surge was the best day in three months after a four-day losing stretch. Basically, stocks are back to where they were before Friday’s plunge as...

If you expect Fed Chairman Jerome Powell and company to deliver anything explosive after today’s meeting ends at 2 p.m. ET, you probably haven’t been paying much attention. Based on recent data, it feels likely we’ll hear “more of the same” this afternoon. Anyone...