Select Page
Trimming bank stocks ahead of earnings: Selling WFC and KBWB ETF

Bank stocks were just about the only thing in the green yesterday–which is why I added U.S. Bancorp to Jubak Picks on Friday (plus some thoughts on bank stock option plays)

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...

The next banking crisis: Commercial mortgages

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...