Trimming bank stocks ahead of earnings: Selling WFC and KBWB ETF
Just want to make sure that no one missed the sell recommendations in yesterday’s Saturday Night Quarterback post on my subscription JubakAM.com site. Big banks will kick off another earnings season beginning with JPMorgan Chase (JPM) on Wednesday, April 13....
Market response to blow-out bank earning shows somebody is still paying attention to the fundamentals
JPMorgan Chase, (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) all blew away Wall Street earnings estimates when they reported first quarter results on Wednesday and Thursday this week. But with the exception of Wells Fargo, bank shares fell or...
Bet you’ve forgotten: Earnings season starts next week with the big banks
What with everything going 0n, I wouldn’t be surprised if the start of earnings season next week has slipped your mind. Reports of fourth quarter earnings are actually fairly important this year because stocks trade near all time highs and estimates say that...
2019 shaping up as a tough year for bank stocks–here’s why I’m holding Bank of America in my Dividend Portfolio
2018 was supposed to be a good year for bank stocks. Rising interest rates from the Federal Reserve would provide a positive environment for banks, bank revenues, and bank earnings.2019 is likely to provide a negative backdrop for banks. The Fed is holding interest...
Bank of America beats on earnings, confirms 25% dividend hike
Shares of Bank of America (BAC) closed 4.27% higher today after the company announced second quarter earnings of 63 cents a share, 6 cents a share above the Wall Street consensus. Revenue fell 0.9% year over year but at $22.6 billion it still exceeded the $22.5...
Bank of America struggles after earnings beat, sees some traction today
On Monday Bank of America (BAC) reported first quarter earnings of 62 cents a share, 3 cents a share above Wall Street estimates. Earnings were up 51% year over year on a 4% increase of revenue to $23.1 billion. That was ahead of the consensus at $23.04 billion. Wall...
My eighth stock pick of Christmas is Bank of America–and eight maids a-milking
I’m adding shares of Bank of America (BAC) to my Dividend Portfolio today. The stock yields only 1.2% on trailing 12-month dividend payments so why am I adding it to a portfolio dedicated to beating the yield on the 10-year Treasury bond? Because Bank of America...
For shares of Bank of America and Goldman Sachs it’s all about the future
Certainly no one cheered when Bank of America (BAC) and Goldman Sachs (GS) announced big one-time hits from the recently passed tax bill, but as with JP Morgan Chase (JPM) and Wells Fargo (WFC) last week, the big deal for investors was what these huge financial...Jim’s Daily Email Alerts:
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