Category: Banking Stocks
The analysis published under this category are as follows.
Saturday, July 25, 2009
The Banking Crisis Winners and Losers / Companies / Banking Stocks
By: Money_and_Markets
Mike Larson writes: The government is helping to create a two-class system of banks — winners and losers.
Despite their protestations to the contrary, the bailout efforts of the Federal Reserve and the Treasury Department have helped fuel big gains at certain institutions; while their reluctance to prop up others has lead to their near-demise.
Read full article... Read full article...
Thursday, July 16, 2009
Goldman Sachs and Morgan Stanley, the Financial Sector’s Profit Powerhouse of the Future / Companies / Banking Stocks
By: Money_Morning
Shah Gilani writes: If Goldman Sachs Group Inc.’s (NYSE: GS) blowout second-quarter earnings demonstrated one thing, it’s that the new “equity-merchant-banking model” - the replacement for the Wall Street investment bank of pre-financial-crisis days gone by - is where financial-sector investors will make their money for years to come.
Friday, July 03, 2009
Listen to Citigroup Analysts at Your Own Peril / Companies / Banking Stocks
By: Mike_Shedlock
Citigroup analysts appear to be a hopeless lot. Please consider this July 1, analyst recommendation: Citi tells clients to buy Bank of America.
Tuesday, June 30, 2009
Financial Stocks XLF ETF at a Crossroads / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
From a technical perspective, my eyes are focused on the Financial Select Sector SPDR (NYSE: XLF), which we notice is attempting to hurdle both the sharply declining 200 DMA (11.95) and key resistance between 12.35 and 12.70. If prices manage to break above the 12.35/70 resistance zone, then we should expect upside acceleration towards 14.00/50 thereafter. In that 40% of the XLF is compromised of JPM (12.2%), WFC (10.32%), BAC (9.64%) and GS (6.79%) and in that all of the aforementioned stocks show a similar bullish coil pattern (with the exception of GS, which has a more powerful set-up than the others).
Tuesday, June 30, 2009
What Happened on the Banking Index Yesterday? / Stock-Markets / Banking Stocks
By: Marty_Chenard
Given the action on the Banking Index in the past week, it is only fair that I post an update on this index today.
The Banking Index has been one of those fascinating charts that has been amazing relative to support and resistance levels.
Read full article... Read full article...
Wednesday, June 17, 2009
Banking Stocks Sector Index Trend Damage / Stock-Markets / Banking Stocks
By: Marty_Chenard
March ... April ... June ... the Banking index climbed with the market.
In early May, the Banking index topped out at 43.67. And then ... it pulled back sharply.
Read full article... Read full article...
Tuesday, June 09, 2009
Lloyds TSB Sends Cheltenham & Gloucester into Banking Oblivion / Companies / Banking Stocks
By: Nadeem_Walayat
Lloyds TSB the bailed out mega-bank that was brought to the brink of bankruptcy as a consequence of the shot gun wedding with HBOS, has announced that it will be closing down all of the 160 branches of the 100 year old Cheltenham and Gloucester by November of this year resulting in some 1,500 job losses.
Read full article... Read full article...
Sunday, June 07, 2009
FSA Clarifies UK Banks Stress Tests / Companies / Banking Stocks
By: Submissions
FSA writes: The publication in the US of the results of bank stress tests has provoked considerable interest in the use of stress testing by authorities in other countries, in particular in Europe. Stress testing can and has been used in a variety of different ways, and the appropriate degree of disclosure varies according to the purposes of the tests.
Thursday, June 04, 2009
Bullish Formation for Financial Stocks XLF ETF / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
The Financial Select Sector SPDR (AMEX: XLF) has spent the last 4 weeks carving out a coil formation atop its Mar-May upleg, which translates into a bullish continuation pattern, which when complete should trigger upside acceleration towards the next optimal target zone of 13.20/40. As long as the prior pivot low within the coil – at yesterday’s low of 11.88 – remains intact, I want to be long the XLF in anticipation of the upside breakout.
Read full article... Read full article...
Thursday, May 28, 2009
Financials XLF ETF Coiled Pattern About to Break in Which Direction? / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
I scan the various sector charts to see if any of them provide clues about the eventual directional breakout of the major equity market ETFs from "The May Coil" pattern. One “coiling” market is the Financial Select SPDR ETF (NYSE: XLF), which has been traversing a contracting range since its high on May 7 at 13.15. This pattern reflects a classic series of lower highs juxtaposed against higher lows, which when perched atop a major upmove usually breaks out to the upside within the profile of a bull flag continuation pattern.
Tuesday, May 26, 2009
Global Financials Continue to Stabilize / Stock-Markets / Banking Stocks
By: Donald_W_Dony
Models are indicating that the global financial sector continues to form a base and stabilize. As this industry group is a leading indicator to the broader Dow Jones World Stock Index, it suggests that a bottom for the DJWSI is close. Limited downward pressure can be anticipated in June as the iShares S&P Global Financial ETF (IXG) nears the next expected low in late June.
Read full article... Read full article...
Wednesday, May 13, 2009
Pullback Within Incomplete Upleg for Financial XLF ETF / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Let's have another look at the pattern that is unfolding in the Financial Select Sector SPDR (NYSE: XLF), which is my proxy for determining whether or not to enter its inverse ultrashort counterpart, the UltraShort Financial ProShares (NYSE: SKF).
Read full article... Read full article...
Saturday, April 25, 2009
Bank of America’s Ken Lewis: Another Scapegoat / Companies / Banking Stocks
By: Mike_Stathis
The news of Andrew Cuomo's letter to Congress revealing that former Treasury Secretary Paulson threatened to fire Bank of America's CEO Ken Lewis and oust the board if they tried to block the Merrill Lynch deal is not at all shocking to me. Nor is it a surprise that Bernanke “requested” this from Paulson. If you’ve been reading my articles, you know that the Treasury Department is the subordinate of the Federal Reserve. Read full article... Read full article...
Thursday, April 23, 2009
Bank Sector Positive Earnings Reports- It’s Time to Face the Facts, Part 1 / Companies / Banking Stocks
By: Mike_Stathis
For anyone who believes any positive earnings reports from the banks, you probably also believe there will be a real recovery in the economy. These “earnings” are even less credible than those reported by the banks during the height of their Ponzi scheme in 2007. Earnings? From the banks? It’s laughable. Let me now state what I consider to be facts related to the bigger picture of this economic fiasco.
Friday, April 17, 2009
Unfinished Business on the Upside for XLF Financial's ETF / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
The pattern carved out since Tuesday’s recovery high at 11.35 argues that the Financial Select Sector SPDR (NYSE: XLF) has some unfinished business on the upside prior to the completion of the upleg from the March low at 5.88. My optimal target zone is 11.80-12.20. Only a decline that breaks 10.00 will compromise my current outlook.Read full article... Read full article...
Thursday, April 09, 2009
Wells Fargo Lights a Fire Under Stock Market Rally / Stock-Markets / Banking Stocks
By: Marty_Chenard
This morning, some pit traders were saying, "Not so fast, slow down ... I don't quite trust this yet".
Trust what?
Read full article... Read full article...
Friday, April 03, 2009
Financial Stocks Rally on FASB Vote / Stock-Markets / Banking Stocks
By: Oxbury_Research
Shares of financial companies gained a sense of relief Thursday following a much-anticipated decision by the Financial Accounting Standards Board designed to ease mark-to-market accounting guidelines. The Financial Select Sector SPDR ETF (NYSE: XLF) and the SPDR KBW Bank ETF (NYSE: KBE) rose 2.8% and 1.4%.Read full article... Read full article...
Thursday, April 02, 2009
Financials Fail to Lead Stock Market Advance / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
One very disconcerting sign today amidst all the euphoria is the lack of performance in the financials-- after the FASB caved into pressures to modify mark-to-market, and with the price structure of the Financial Select Sector SPDR (NYSE: XLF) pushing up against an important resistance/breakout plateau (9.60/80). Right now, the XLF appears to have failed miserably to "lead" the advance in the larger S&P to the upside. Read full article... Read full article...
Thursday, April 02, 2009
Citibank to Investors: We Suggest You Bet Against Us / Companies / Banking Stocks
By: Mike_Shedlock
In a statement that ought to scare the hell out of the bears Citigroup Says Buy Bank Puts Because Rally Will Fade . March 31 (Bloomberg)
Investors should buy put options on financial companies because derivatives-market trading suggests the industry will retreat after a 43 percent surge since March 6, Citigroup Inc. said.
Read full article... Read full article...
Friday, March 27, 2009
Bullish Formation for Financials XLF ETF / Stock-Markets / Banking Stocks
By: Mike_Paulenoff
Let's notice that for the past 5 sessions (while the SPY climbed 6.3%), the Financial Select SPDR ETF (NYSE: XLF) has traded in a well-defined sideways range at the high side of its March upmove. The pattern resembles a Bull Flag formation that should resolve itself to the upside in a thrust to new highs above 9.70 towards the 10.50/80 target zone. At this juncture, only a break below 8.70 will compromise my currently constructive scenario.Read full article... Read full article...