JPMorgan Chase & Co.
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Wells Fargo: Why It Should Be a Part of Any Long-Term Investor's Portfolio
By Matt Smith - May 14, 2013 | Tickers: BAC, C, JPM, WFC
Since the Global Financial Crisis, banks have been on the nose for many investors, yet opportunities abound in the sector for investors who are willing to do their homework. One U.S. bank that came through the crisis in relatively good shape is Wells Fargo (NYSE: WFC), and it is no accident that Warren Buffett is now the largest individual shareholder in the company. According to Berkshire Hathaway´s latest more »
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Should You Buy The Companies You Hate?
By Christopher Drose - May 13, 2013 | Tickers: AIG, BAC, BP, C, CMCSA, GS, HAL, JPM, WFC
I recently saw a list of the most hated companies in America. A couple of days later a saw a list of the new most popular stocks among hedge funds and AIG (NYSE: AIG) was also at the top of both of the lists. So I decided to look a little more into the most hated companies and how there stocks have performed this year and every stock is up more »
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2 Noteworthy Weekend Stories for Investors
By Brian Nichols - May 13, 2013 | Tickers: FB, JPM
If you’re like most investors, after the market closes on Friday you turn your attention to housework and weekend activities. However, this often leaves people in the dark with announcements that come during the weekend. In this piece, I am looking at two stories on Saturday that are definitely noteworthy for investors.
Jamie Dimon Threatening to Leave?
After a year where shares of JPMorgan Chase & Co. (NYSE: JPM) has more »
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Don't Miss This Rebounding Banking Stock This Year
By Madhu Dube - May 10, 2013 | Tickers: BAC, C, JPM
Citigroup's (NYSE: C) first quarter results came as a surprise for the investors, with net income of $3.8 billion showing a rise of 31% year over year. This increase was due to the solid top-line growth in its securities and banking division, which includes its advisory, underwriting, trading and private banking units. In this quarter, this division generated revenue of $7.3 billion, which is around 50% higher more »
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Is Rising Credit Lending Reason to Buy Bank Stocks?
By Robert Ciura - May 9, 2013 | Tickers: BAC, JPM, WFC
The U.S. economy continues to dig itself out of the hole caused by the 2008-2009 financial crisis and ensuing recession, the worst the country saw since the Great Depression. Slowly, but surely, businesses and individuals are regaining confidence and banks are finally returning to more robust lending.
To that end, recent data points confirm that banks are finally loosening the lending spigots and are providing necessary financing to allow more »
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Too Big to Bail: How Safe is your Bank Deposit?
By Shas Dey - May 9, 2013 | Tickers: BAC, JPM, WFC
The worst part about the recent Cyprus crisis was that despite the European Commission, ECB and IMF bailouts, it was mostly about saving the nation's banks by digging into funds belonging to depositors. That phrase - digging into funds - may sound harsh, but I have that on good authority. It was a game changer that many said was akin to an act of war - the crossing of the Rubicon.
The more »
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The Strongest Big Bank Still Has 2 Huge Problems
By Chad Henage - May 8, 2013 | Tickers: BAC, C, JPM, WFC |
It's pretty amazing that Bank of America (NYSE: BAC) could be called the “strongest big bank,” but I can honestly suggest that with a straight face. Like a phoenix rising from the ashes, Bank of America has transformed from a company investors thought might not make it, to a financially sound financial institution. That being said, the bank has two big problems that it must overcome if it wants more »
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N.Y. A.G. Gives BofA Shareholders News To Mull Ahead of Meeting
By Tedra DeSue - May 8, 2013 | Tickers: BAC, C, JPM, MBI, WFC
Bank of America (NYSE: BAC) investors had plenty to celebrate this week as the company reached a historic settlement with bond insurer MBIA. However, as they go into the bank’s annual shareholder meeting on Wednesday, many may have questions about a newly filed lawsuit against it charging it is violating the terms of the National Mortgage Settlement.
The continuing legal settlements Bank of America has faced stemming from the more »
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There Is No Question This Stock Is Overvalued
By Chad Henage - May 8, 2013 | Tickers: BAC, BBT, JPM, WFC
I understand that Wells Fargo (NYSE: WFC) has a lot of fans in the stock market. With Warren Buffett being one of the largest stockholders, it's easy to understand the attraction to the stock. However, the company's recent earnings suggest that the stock is overvalued. It's not just one thing either, the issues facing the company range from deposit problems, to credit quality, to the stock price more »
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Big Banks Face New Legal and Regulatory Woes
By Kyle Colona - May 8, 2013 | Tickers: BAC, JPM, WFC
The hits keep coming for Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM) all of which are facing new legal and regulatory actions.
As has widely been reported the New York Attorney General intends to file suits against Bank of America and Wells Fargo for alleged violations of the $26 billion foreclosure settlement reached in 2012. Meanwhile, JPMorgan Chase is under the microscope of more »
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Buy Gold Before it Goes up Again
By Shas Dey - May 8, 2013 | Tickers: IAU, JPM, GLD
Year-to-date, the price of gold has gone down almost 11%. After hitting a low of $1,352.60 per ounce on April 15, 2013, gold jumped 8.1% last week on strong demand from Asian markets. On the other side, there are also clear cut signals from the futures markets.
In this article I look at the recent happenings in the gold market and whether the current dip in the more »
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Five Stocks For Five Major Investing Themes
By Christopher Grosvenor - May 7, 2013 | Tickers: BP, IBM, JNJ, JPM, SPY, WDAY
Investors should not be fully invested. The market substantially increased in value. There could be a seven to twenty percent market decline in the next three months. Cautiously bullish is the appropriate investment stance.
Here are five stock picks for the following five investing themes.
- Quantitative easing should lead to higher inflation in the short to medium term.
- Technology firms are innovating in cloud computing, social enterprise, mobile, and more »
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Technology Stocks Versus Financial Stocks
By Alexander Cho - May 7, 2013 | Tickers: AIG, AAPL, GS, JPM, MSFT
When I think of comparing the tech sector to the financial sector it is laughable. It’s like the east versus the west. When you think of Wall Street banks you imagine skyscrapers with a bank logo slapped on top of it. Technology companies bring up images of University campuses with a Collegiate feeling to them. The culture of Wall Street and Silicon Valley are so different it’s more »
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Why Goldman and Morgan Stanley's Results Are Unimpressive
By Sarfaraz Khan - May 7, 2013 | Tickers: GS, JPM, NES.DL
Goldman Sachs (NYSE: GS), the largest independent investment bank in the U.S., and Morgan Stanley (NYSE: MS), the sixth-largest bank in the U.S., have recently released their quarterly results.
Goldman Sachs was able to beat both top-line and bottom-line estimates, but revenue from its biggest segment fell by 10%. Similarly, while Morgan Stanley’s earnings were also above the Wall Street expectations, the firm failed to impress investors more »
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Will History Repeat Itself for Wells Fargo?
By Adnan Khan - May 2, 2013 | Tickers: BAC, JPM, WFC
Wells Fargo (NYSE: WFC), which once originated a third of home loans in the US and is still considered to be the largest mortgage originator, reported disappointing first quarter results as far as its mortgage unit is concerned.
While JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) were able to report increases in mortgage originations during the first quarter, Wells Fargo reported a decline. The remainder of the more »
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3 Giants In The Financial Sector
By Victor Selva - May 2, 2013 | Tickers: BAC, JPM, WFC
The financial and banking sectors usually sound like risky investments after the last economic crisis. However, some of the main companies in the industry have been showing consistent signs of recovery and plenty of knowledge acquired from past mistakes. Therefore, we will look into the stock of JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), and Bank of America (NYSE: BAC) in order to expand these concepts.
A solid more »
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They're Too Sexy for Their Buttondowns
By AnnaLisa Kraft - May 1, 2013 | Tickers: JPM, M, UA, DIS, YELP
Last fall Business Insider came out with their list of the 50 sexiest CEOs alive. When it comes to publicly traded companies some CEOs are the embodiment of "not just a pretty face;" but which ones?
Of course, one of the top listed sexy CEO of a publicly traded company is a Frenchman; coming in at number 6 is Frederic Oudea, CEO of Societe Generale. However, a European bank is more »
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A Value Play in Banking
By Piyush Arora - May 1, 2013 | Tickers: GS, JPM, WFC
With the sluggish U.S economic recovery, major banks in the country are finding it difficult to report impressive growth figures. Adding to the miseries, the pending Dodd-Frank reform and Basel III norms will further crunch the banks financially and maybe even slowdown their growth. In such a scenario, aggressive banks often increase their leverage to boost their gains, but Wells Fargo (NYSE: WFC) has discovered a new growth avenue more »
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Rising From the Ashes: A Global Financial Sector ETF on a Roll
By Jeff Stouffer - April 30, 2013 | Tickers: BRK-A, HBC, IXG, JPM, WFC
The constant bad news about the U S economy tends to obscure some positive investment performers. After all investment performance is not directly tied to economic performance.
The iShares S&P Global Financial Sector Index Fund (NYSEMKT: IXG) is an exchange-traded fund that holds 221 financial stocks, and according to the chart below, allocates the portfolio among countries throughout the world.
A day does not go by when we hear more »
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Shareholder Activism Is Good for Banks
By Adnan Khan - April 30, 2013 | Tickers: BAC, C, JPM
Although shareholders are the real owners of a corporation, they don’t get to run the corporation on a day to day basis. Management gets to run the company, which may cause conflict of interest. Shareholder activism is a way in which the shareholders of a company attempt to influence the decision making.
In the past, shareholder activism led positive changes within Citigroup (NYSE: C). The remaining of the investment more »