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U.S. stocks pause ahead of earnings

U.S. stocks pause ahead of earnings

Not terribly surprising that U.S. stocks are meandering in slightly negative territory today after busting out to new all-time highs. (The Standard & Poor’s 500 stock index was off 0.09% at the close in New York.) We’re about to head into the meat of...
What are the chances that the Brexit polls are wrong?

What are the chances that the Brexit polls are wrong?

To anyone getting all warm and cozy with the polls showing that voters will decide to stay with the European Union in Thursday’s Brexit vote, I’ve got just one word of warning: Michigan. Remember the Michigan primary between Hillary Clinton and Bernie Sanders this...

Update HSBC (HBC)

Wait! A bank with too much capital? Hard to believe but analysts at UBS calculate that’s exactly the “problem” that HSBC (HBC) is likely to face over the next four years. UBS forecast that the bank’s Tier One capital ratio hit 10% by the middle of 2010 after...

It's a wonderful bank

If you were designing a bank now, from scratch, for growth and maximum profits, what kind of bank would you build? Bank earnings to date—from the biggest and most aggressive investment banks such as Goldman Sachs (GS) to the do-everything behemoths such as JPMorgan...

Buy US Bancorp (USB)

I’m taking this stock off Jim’s Watch List and adding it to the Jubak’s Picks portfolio today, March 26. Unfortunately, the stock is up roughly 18% since I added it to the watch list, climbing from $22.01 on December 15, 2009 to $26.13 as of 1 p.m. ET on March 26. But...

Winners in banking's new world order

All we need is Will Smith and some zombies. Tattered for rent signs hang in the windows of the building that once housed Bear Stearns. All that’s left of Lehman Bros. is a digital crawl that endlessly cycles news. American International Group keeps itself alive by...

Captain Titanic shuffles the Citigroup deck chairs again

Citigroup (C) keeps rearranging those deck chairs. The latest move on the banking industry’s Titanic is the ouster of Teresa Dial, head of the North American retail banking unit since 2008. The company announced that Dial will leave to pursue personal interests. She...

Update State Street (STT)

Jubak Picks 50 portfolio member State Street (STT) is gradually finding its way back to its core business of collecting fees for managing assets that belong to others and away from an ill-fated build up of its own investment portfolio. At the height of that past...

Santa is leaving coal for regional bank stocks this year

‘Tis the season for tax-loss selling. When good investors go to sleep with visions of taking losses to offset profits dancing in their heads. Investors sell losing stocks in November and December in order to generate tax deductions they can use to offset profits...

Stocks and bonds take away different messsage from the Fed

Bonds and shares of financial companies didn’t like what they heard from the Federal Reserve Wednesday November 4 at 2:15. Investors and traders in general, on the other hand, were relieved that the Federal Reserve signaled that interest rate policy wasn’t about to...