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Bank Stocks

Mark Gongloff

Hey, Guess What Thing Banks Are Taking Over Now

HuffingtonPost.com | Mark Gongloff | Posted 07.30.2013 | Business

Here's yet another thing banks are taking over: the stock market. Financial stocks are the second-biggest sector in the Standard & Poor's 500-stock...

Wall Street Records Biggest Profit Since Before The Financial Crisis

Reuters | Posted 04.28.2013 | Business

WASHINGTON, Feb 26 (Reuters) - The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, accordin...

Banks Are Totally Fine, Warren Buffett Says

The Huffington Post | Mark Gongloff | Posted 01.10.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Investors Just Love Banks, For Some Reason

The Huffington Post | Mark Gongloff | Posted 12.28.2012 | Business

Quick, what was the best-performing stock sector in the U.S. in 2012? Here's a hint: It was the sector that could not stop getting into trouble an...

Reflections on Paul Ryan's Transactions in Individual Bank Stocks in 2008

Brad DeLong | Posted 10.13.2012 | Politics
Brad DeLong

I don't want to hire as my vice president and federal budget czar somebody who uses Congressional inside information to profit by switching his portfolio back and forth between Citigroup and Goldman five times a year: I want somebody with better ethics.

Bank Stocks See Huge Gains

AP | MATTHEW CRAFT | Posted 08.22.2012 | Business

NEW YORK — The stock market bounced back Friday, a day after suffering its second-worst loss this year. Bank of America, JPMorgan Chase and othe...

JPMorgan Chase Actually Lost $20 Billion On Its Bad Trade

The Huffington Post | Mark Gongloff | Posted 05.14.2012 | Business

By now you may have heard that JPMorgan Chase lost $2 billion on a bad trade. Multiply that by 10, and you're starting to get a better idea of how muc...

Huge Trading Loss Cast Doubts On Bank Stocks

Reuters | Posted 07.11.2012 | Business

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Further Gains for the Banks?

Michael Farr | Posted 06.19.2012 | Business
Michael Farr

The dramatic rebound in bank stocks is a reflection of just how depressed the sector had become. So has the opportunity passed, or should we continue to expect outsized gains from the sector?

The Real Estate Supertanker Is Turning

Rob Taub | Posted 04.14.2012 | Business
Rob Taub

For the last two years I've described the housing market as glacial, however, the ice is beginning a slow but steady thaw for the following reasons.

BofA Shares Dip Below $5 For The First Time Since March 2009

Posted 12.19.2011 | Business

Shares of Bank of America Corp traded below $5 on Monday for the first time since the depths of the current bear market in March 2009. The sto...

Goldman To Suffer More Than Other Banks, Analysts Say

Reuters | Lauren Tara LaCapra | Posted 11.12.2011 | Business

Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets an...

Mortgage Damage Spreads: Big Bank Stocks Hit Again As Modern Finance Collides With The Legal System

Wall Street Journal | Posted 05.25.2011 | Business

The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptiv...

The First Domino: Foreclosure Fraud and the 'Invisible Bailout'

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Foreclosure fraud is one domino, and if it falls, the result could be an end to the "invisible bailout" -- the one you never hear about, that forces millions of people to subsidize bad lending practices to prop up Wall Street.

Financial Reform News Sends Big Bank Stocks Soaring (CHART)

Posted 05.25.2011 | Business

If the latest scare quotes from financial industry are reflective of the industry's concerns about the Senate's newly passed financial reform bill, in...

Should We Chase JPMorgan Chase?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

It's worth keeping in mind that Wall Street love affairs are notorious for their short lifespan and bitter endings.

TARP Repayments Mean Big Stock Offerings -- And Huge Fees For Bailed-Out Banks: Andrew Ross Sorkin

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

Here's what the post-bailout bonanza means for all the banks that helped find investors for the new shares: Bank of America's $19.3 billion offering g...

Bank stock offerings weigh on financial shares

AP | SARA LEPRO | Posted 05.25.2011 | Business

NEW YORK — KeyCorp, which is among 10 major banks ordered by the government to raise more capital as a buffer against future losses, joined seve...

Dow 11-Year Low Reached

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

For immediate news on where the Dow is trading now go here. The Dow Jones Industrial Average fell below its lowest close since 1997 on concerns that ...