Category: Banking Stocks
The analysis published under this category are as follows.
Sunday, March 31, 2024
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK / Companies / Banking Stocks
By: Sumeet_Manhas
Since the emergence of the first online-only challenger banks and fintech startups in the early 2010s, the U.K. banking landscape has undergone a profound transformation, culminating in the ubiquity of mobile finance. One of the early architects of this shift, Paul Pester, is now the chairman of U.K. green digital bank Tandem, and he hopes to draw on decades of experience in digital banking to support new avenues for improving consumers’ retail banking experience and supporting the next wave of fintech startups.
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Friday, May 05, 2023
Your Bank: "Use This as an Early Warning Signal" / Companies / Banking Stocks
By: EWI
First Republic Bank "customers had pulled $100 billion in deposits in the first quarter"
More dramatic news on the banking front.
On April 25, investors in the shares of First Republic Bank were hit hard (The New York Times):
First Republic Bank Enters New Free Fall as Concerns Mount
The bank's shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.
As of this writing on April 26, shares are down another 20% intraday.
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Friday, January 28, 2022
Financial Stocks Sector ETF XLF $37.50 Continues To Present Opportunities / Companies / Banking Stocks
By: Chris_Vermeulen
Recent volatility in the US markets ahead of the Fed comments/actions have prompted a relatively big pullback in almost every sector. Many traders are concerned the Fed may take immediate action to raise rates. Yet, a small portion of traders believes the Fed may be trapped in a position to act more conservatively in addressing inflation going forward. I think the Fed will continue to talk firmly about potentially raising rates. The Fed is more interested in decreasing the assets on their balance sheet before they risk doing anything to disrupt support for the global markets.
Suppose my analysis of the Fed predicament is correct. In that case, the recent collapse of the US markets represents a fear-based emotional selloff of many sectors that may still represent a strong opportunity for a recovery rally in 2022. One of those sectors is the Financial sector – particularly XLF.
I wrote about this on January 7, 2022, in this article: FINANCIAL SECTOR STARTS TO RALLY TOWARDS THE $43.60 UPSIDE TARGET
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Tuesday, December 21, 2021
How Is the Financial Services Industry Changing? / Companies / Banking Stocks
By: Submissions
The financial services industry operates in a rapidly changing world, but one it can help shape. Banking, insurance, capital markets, commercial real estate, investment management – 2022 represents a pivotal opportunity for all these businesses to create their own future.
There needs to be a lot of focus on digital transformation and ESG initiatives across the industry, as well as investments in talent and in finding new ways to work together and boost efficiency. The time has come to rethink traditional bottom-line metrics and develop strategies that address both corporate and societal demands by placing purpose and trust at the forefront.
Thursday, April 29, 2021
Financial Stocks Sector Appears Ready To Run Higher / Stock-Markets / Banking Stocks
By: Chris_Vermeulen
As we transition into the early Summer months, we are watching how different market sectors are reacting to the continued shifting of capital over the past 60+ days. One this is very clear, certain market sectors are strengthening while others have run into resistance and are consolidating. We believe the next few weeks and months will continue this type of trend where capital continues to shift away from risks and into sectors that show tremendous strength and opportunity.
We wrote about how Precious Metals are likely starting a new bullish price trend on April 18, 2021. You can read that research article here: https://www.thetechnicaltraders.com/metals-miners-may-have-started-a-new-longer-term-bullish-trend-part-ii/.
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Wednesday, November 25, 2020
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? / Stock-Markets / Banking Stocks
By: Chris_Vermeulen
One would think the Financial Sector would be doing quite well related to the booming housing market and a decline in overall consumer debt and delinquency levels. Historically, the XLF chart shows that $32 is very close to the 2007 peak levels before the collapse that started in late 2007. Currently, the February 2020 highs represent a similar price peak level (near $32), and the current upside price trend has stalled near $27.50, which is a very strong resistance level.
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Wednesday, October 28, 2020
Global Banking: Some Sectors Look as "Precarious as Ever" / Companies / Banking Stocks
By: EWI
"Financial flameouts" are occurring despite relief from the European Central Bank
Most people remember that the entire global financial system teeter-tottered on collapse during the 2007-2009 financial crisis due to the debacle related to subprime mortgages.
As you'll recall, even a financial institution as large as Citigroup was brought to its knees.
Of course, that was more than a decade ago and the fear of a "financial Armageddon" would seem to be a distant memory.
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Wednesday, July 29, 2020
I Hate Banks - Including Goldman Sachs / Companies / Banking Stocks
By: Avi_Gilburt
For many years, I have noted to the members of Elliottwavetrader that I have not been a fan of banks. In fact, they are on my list of stocks that I intend on shorting once we move towards the 2023 time frame.
But, while many are focused upon the upside potential in various banks in the coming 2-3 years, I have been quite concerned about the goals of many of these banks, based upon some of the moves they have made over the past few years.
As an example, a few years ago, Goldman Sachs (NYSE:GS) opened its door to public accounts. This was a major shift in Goldman’s business practices, which had many scratching their head. But, I was not scratching my head, as it made perfect sense to me. In fact, I even wrote about Goldman’s “unexpected” move, and why they likely moved down this path.
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Monday, June 29, 2020
Europe's Banking Sector: When (and Why) the Rout Really Began / Companies / Banking Stocks
By: EWI
The financial sector has been one of the global stock market's bedrocks for decades. That's why its performance is so critical to the overall stock market health.
Well, here's a chart of the European Stoxx 600 Banks Index over the past four years.
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Thursday, June 18, 2020
XLF Financial Sector Stocks ETF May Break Below Price Gap / Companies / Banking Stocks
By: Chris_Vermeulen
Our research team warned of a peak in the Financial Sector ETF on June 10, 2020, with this article.
It was important to understand the technical setup that existed at that time and what the Fibonacci Price Modeling system was showing then. There was very clear support near $23 that was highlighted by the Fibonacci Price Modeling System and we were very clear in our future price predictions within that article…
“The $27 price peak sets up directly between our two Fibonacci Daily upside price target (Peak) levels. We believe this setup is a very strong indication that a move to below $23 may be setting up over the next 30+ days. The Q2 data may very well push investors to re-evaluate the potential for the Financial sector if delinquencies and at-risk borrowers continue to default in greater numbers. “
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Monday, June 15, 2020
XLF Financial Sector Stocks Under Pressure and What It Means / Companies / Banking Stocks
By: Chris_Vermeulen
The Financial sector is unique in that it is an essential component of global economics as well as local economic functions. Consumers depend on banking services, credit, and all sorts of other financial services in their day-to-day lives. The Financial sector is one of the components of the US stock market that can suddenly find itself under pricing pressure as an economic crisis event unfolds. This happens because banks earn a large portion of their income from servicing debt and originating loans.
The recent rally in the Financial sector, over 47% from the March 2020 lows, has reached our proprietary Fibonacci price modeling system’s upside price targets and has also filled a major gap that was created in early March 2020. Because of these factors, and the current downside price rotation within the Financial Sector, we believe this component of the US stock market could continue to see extended pricing pressure going forward as we learn just how damaging the past 70+ days of the economic shutdown have been for the economy.
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Thursday, May 28, 2020
Why You’ll Never Get Another Stimulus Check / Companies / Banking Stocks
By: Stephen_McBride
April 10, 2020 will go down in the history books. As you likely know, the US government recently handed out “coronavirus checks.”
Over 150 million Americans received the $1,200 cash injection. This isn’t the first time Uncle Sam issued free money. But it is the first time Americans didn’t need a bank account to get the cash.
On April 10, PayPal became the first “internet bank” authorized by the US government to issue stimulus checks. Folks didn’t have to wait for a check to arrive in their mailbox… or talk to a bank teller to get the money. Instead, Uncle Sam simply funneled billions of dollars to Americans through PayPal’s “app.”
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Friday, April 17, 2020
Coronavirus And The Coming Financial Revolution / Companies / Banking Stocks
By: OilPrice_Com
The coronavirus pandemic is one of the biggest and unprecedented seismic shifts in the global economy that we’ve ever seen in modern history, and it’s just getting started.
Already, economies around the world are shutting down. The federal reserve has pumped trillions into the United States economy in just a matter of days. Global supply chains have collapsed as entire Chinese industries went dark. And this is just the first stage. We’re heading into a year’s long recession that will have far-reaching consequences, some of which we can predict with near certainty, and some of which will be entirely unpredictable.
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Tuesday, December 24, 2019
Fintech and its Impact on Investments / Companies / Banking Stocks
By: Submissions
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Wednesday, May 29, 2019
This 1.1$-Trillion Industry Will End Up Like Retail… Which Is a Huge Investment Opportunity / Companies / Banking Stocks
By: Stephen_McBride
Banks have grown very, very rich in the last 30 years—thanks to their privileged monopoly position.
JPMorgan Chase (JPM), America’s largest bank, has grown profits by 2,000%+ in the last 30 years.
Bank of America (BAC), the second-largest American bank, has seen its profits surge 4,700%.
JP Morgan Chase and Bank of America are the 10th- and 13th-biggest public companies not just in the US, but on earth.
And as we all know, bankers enjoy some of the biggest salaries around. In 2017, the top five US bank CEOs earned a combined $100 million.
But quietly, banks’ grip on money is slipping away...
Friday, January 11, 2019
XLF Bearish Into Banking Stocks Earnings Releases / Companies / Banking Stocks
By: ElliottWaveForecast
The major component stocks of XLF begin to report earnings for Q4 2018 the week of January 14th. This includes banking stocks such as C (reporting on 1/14/2019) and JPM (reporting on 1/15/2019). January 16th will see more banking stocks such as WFC, BAC, GS, and USB report. This brief explores the near-term price structure for XLF and therefore determines a directional bias for the sector leading into the reporting period. At EWF we map out cycles and sequences for 78 different trading instruments. The structure of these cycles and sequences is communicated to our subscribers via the language and construct of the Elliott wave theory.
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Sunday, November 11, 2018
The Los Angeles Measure for a City-owned Bank -- A Valiant Effort! / Politics / Banking Stocks
By: Ellen_Brown
I've gotten inquiries on the outcome of the Los Angeles ballot measure to approve a city-owned bank , so thought I would send a quick update. Unfortunately it did not pass, but it did get 42 percent of the vote. It was a remarkable outcome considering that the dynamic young Public Bank LA advocacy group effectively only had a month to educate 4 million voters on what a public bank is and why passing the measure was a good idea. If they had had another month, the bill could well have passed.
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Sunday, November 04, 2018
Banking Stocks Index Signals Bank Failures / Companies / Banking Stocks
By: Jim_Willie_CB
A very significant, very loud, very nasty warning signal has been given. It is extremely important for those who choose to live in the world of reality, and not the fantasy world from the US financial markets. The Reich theme of sluggish economic recovery is a total lie, since the recession which began in 2006 has repeated each and every year since then. The deception is derived from the wrong (under-stated) price inflation used in supposedly real adjustments to the Gross Domestic Product. The significant negative signal is of the sharp decline in the BKX bank sector stock index. But first, consider that in 2007 and early 2008 the significant negative signals were
- the sharp decline in the Fannie Mae stock price
- the sharp rise in the Lehman Brothers credit default swap contract rate.
Thursday, August 23, 2018
How China’s Mobile Ecosystems Are Making Banks Obsolete / Companies / Banking Stocks
By: Ellen_Brown
The U.S. credit card system siphons off excessive amounts of money from merchants. In a typical $100 credit card purchase, only $97.25 goes to the seller. The rest goes to banks and processors. But who can compete with Visa and MasterCard?
It seems China’s new mobile payment ecosystems can. According to a May 2018 article in Bloomberg titled “Why China’s Payment Apps Give U.S. Bankers Nightmares”:
Read full article... Read full article...The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies. That contrasts with the U.S., where numerous firms feast on fees from handling and processing payments. Western bankers and credit-card executives who travel to China keep returning with the same anxiety: Payments can happen cheaply and easily without them.
Wednesday, July 11, 2018
A Public Bank for Los Angeles? City Council Puts It to the Voters / Politics / Banking Stocks
By: Ellen_Brown
Voters in Los Angeles will be the first in the country to weigh in on a public banking mandate, after the City Council agreed on June 29th to put a measure on the November ballot that would allow the city to form its own bank. The charter for the nation’s second-largest city currently prohibits the creation of industrial or commercial enterprises by the city without voter approval. The measure, introduced by City Council President Herb Wesson, would allow the city to create a public bank, although state and federal law hurdles would still need to be cleared.