April 11, 2022 @ 8:10 pm | BAC, Breaking News, C, Dividend Income Portfolio, Jubak Picks Portfolio, USB, WFC |
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....
October 11, 2021 @ 7:19 pm | Breaking News |
Big bank earnings arrive on Wednesday and Thursday but, unfortunately, they won’t tell us anything useful about the margin pressures from rising global supply chain shipping costs or higher prices for raw materials. Those are the factors that could produce a...
June 29, 2021 @ 10:53 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio |
That didn’t take long. On Thursday the Federal Reserve reported that all 23 big banks tested in its annual stress test, passed. Which means that the last remaining restrictions on dividend increases and share buybacks are now history. Yesterday big banks started...
March 30, 2021 @ 7:52 pm | Breaking News |
You can judge the stock market’s mood pretty accurately today, Tuesday, March 30, from just a few price movements. Take a look at the performance of bank stocks, the small cap Russell 2000, the CBOE VIX “fear index,” and technology stocks to see...
March 26, 2021 @ 7:52 pm | Breaking News, Buy Hold Sell, C, Dividend Income Portfolio, Jubak Picks Portfolio, KBWB, USB, You May Have Missed |
U.S. banks that pass their next stress tests will allowed to raise their dividends after June 30, the Federal Reserve said yesterday, March 25. The Fed will also lift any remaining restrictions on stock buybacks. Limits on dividend payouts to investors and share...
March 19, 2021 @ 7:40 pm | Breaking News, Jubak Picks Portfolio |
Financial Select Sector SPDR ETF (XLK) was up 0.52% yesterday, March 18, when almost everything else finished in the red. The Invesco KBWB Bank ETF (KBWB) was ahead 1.14%. Citigroup (C) gained 0.33%. Bank of America (BAC) was ahead 2.61%. U.S. Bancorp (USB) added...
October 12, 2020 @ 6:53 pm | Breaking News |
The big banks kick off third quarter earnings reports tomorrow, Tuesday, October 13 with JPMorgan Chase (JPM) due to report before the open. The analyst consensus is that the bank will earn $1.93 a share, down from the $2.68 a share earnings in the September quarter...
June 25, 2020 @ 7:33 pm | Breaking News |
After the close for the New York markets, the Federal Reserve announced the results of its newest round of stress tests on 34 big U.S. banks. For the first time, the Fed added scenarios for a V-shaped recession and recovery; a slower, U-shaped recession and recovery;...
January 10, 2020 @ 7:41 pm | BAC, Breaking News, C |
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...
November 24, 2019 @ 11:01 pm | Breaking News, Dividend Income Portfolio |
Back at the beginning of November I published a Special Report on my subscription JubakAM.com site that revised the Dividend Portfolio I track on all my sites. The changes in the portfolio were an attempt to respond to a changed environment for yield–what I...
April 22, 2019 @ 7:51 pm | BAC, Breaking News, Dividend Income 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...
January 11, 2019 @ 7:42 pm | Breaking News, Volatility |
Bank stocks aren’t doing badly today ahead of the start of earnings reports from the biggest banks starting on Monday. But to me it looks like today’s slightly upward bias is a bet not on good earnings but that analysts have gone too far with their cuts to...
July 16, 2018 @ 6:03 pm | BAC, Breaking News, Dividend Income Portfolio, Update |
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...
April 19, 2018 @ 6:37 pm | BAC, Breaking News, Dividend Income Portfolio |
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...
January 22, 2018 @ 7:24 pm | BAC, Breaking News, Buy, Dividend Income Portfolio, You May Have Missed |
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...
January 17, 2018 @ 7:31 pm | BAC, Breaking News |
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...
July 18, 2017 @ 7:38 pm | Breaking News |
More big bank earnings today–and, fortunately, they were a mixed bag. Which made them markedly better than Friday’s results. Bank of America’s (BAC)’s second-quarter earnings per share rose 12% to 46 cents, beating by 3 cents a share. Revenue...
July 11, 2017 @ 6:21 pm | Breaking News |
For all intents and purposes second quarter earnings season kicks off on Friday. Yes, PepsiCo (PEP) does report on Tuesday and Delta Air Lines speaks on Thursday, but the real bellwether earnings reports come from the big banks on Friday with earnings from Citigroup...
October 19, 2010 @ 8:30 am | COF, Leading Indicators |
Add another word to English as spoken on Wall Street: robo signer. These are the folks at banks and mortgage servicing companies who signed hundreds of foreclosure documents a day. Frequently they didn’t read them at all. Even more frequently they didn’t bother to...
October 27, 2009 @ 8:30 am | Breaking News, Leading Indicators, You May Have Missed |
There have been no obituaries. No eulogies. No burial services. But this quarter marks the death of traditional bank at the big money center banks. Oh, I know we’ve seen amazing earnings reports from the likes of Goldman Sachs (GS) and JPMorgan Chase (JPM) this...
October 26, 2009 @ 1:11 pm | Breaking News, Leading Indicators |
Shares of Bank of America (BAC) are under pressure today—down about 5.5% as I write this at 1 p.m.—on a Wall Street Journal report that the bank may have to raise billions more in capital before it can pay back taxpayer bailout funds. Here’s the problem. Before the...
September 16, 2009 @ 8:32 am | Breaking News, Leading Indicators |
Credit card portfolios at the country’s major banks showed a rising tide of defaults in August. That pretty much wiped out the hope the July’s numbers, which showed a glimmer of improvement marked any bottom in bad loans for the sector. Consumers. whose...
July 20, 2009 @ 4:49 pm | Breaking News |
Heard enough bad news about failing residential mortgages to last you a couple of lifetimes? Tired of headlines about huge losses at Citigroup and Bank of America? Cheer up. The subprime, alt-A, and prime home mortgage meltdowns are about to be blown off the front...
July 20, 2009 @ 9:51 am | Breaking News |
We’ve got half a banking recovery. That’s not at all the same as being halfway through a banking recovery. What the second quarter results from Goldman Sachs (GS), JP Morgan Chase (JPM), Citigroup (C), and Bank of America (BAC) tell us is that profits from the...