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Bank Stocks
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Latest Headlines
2011 a rotten year for bank stocks
The past year was miserable for bank executives, who watched their stocks plummet.
The biggest loser, as we've noted, was Bank of America. It fell 58 percent on the year. According to Bloomberg , the decline "erased almost $80 billion of shareholder value at Charlotte, North Carolina-based
Citigroup: Worst performing big bank stock
Bank of America's stock swoon has been getting lots of attention lately, especially as the bank struggles to stay above the important $5 a share barrier.
Citigroup, of course, has "been there, done that," so to speak, as it was firmly a penny stock before its massive 10-for-1 reverse split, wh
Commentary: Bank of America outlook remains dismal
Can Bank of America suffer any more than it already has? It sure can.
TheStreet.com puts it this way: "Bank of America may have had a dismal 2011, but you haven't seen nothing yet." The issues are pretty well known. The commentator suggests that overall market environment, especially with
Third quarter earnings reports on deck
The third quarter earnings reporting season is about to begin, and most analysts have already pared their expectations; some have done so multiple times.
At the end of June, analysts were predicting aggregate bank profits would rise 15.6 percent. That growth rate prediction has been pared to 2
Are we near the bottom for bank stocks?
Value investors have been burned before on financial stocks, especially the big commercial bank stocks and the likes of Fannie Mae. It's so tempting to believe that the selling is overdone when they drop so precipitously. But would buying in now be to commit the same mistake that the likes of Bill
Morgan Stanley CEO reassures analysts
During the 2008 financial crisis, Morgan Stanley skirted close to the edge , as hedge funds deserted its prime brokerage operations en masse over a period of two weeks.
As the European debt crisis rolls on, the bank is not nearly in the same position. But that doesn't mean the executives ar
Goldman Sachs break up: A good idea?
As more bank stocks remain mired below their book values, we may hear more calls for bold and dramatic action--like calls for banks to break themselves up. This is to be expected at a time like this, and we've heard talk about the shareholder value-unlocking benefits of breaking up Citigroup and e
Correlation to end for bank stocks?
That old market bugaboo has returned in force the last month or so, wreaking havoc with bank stocks. Correlation was an unfortunate reality during the financial crisis. No matter how strong your balance sheet, you could not escape this powerful market force. Now we're seeing something of a return
Does Citigroup experience make Bank of America reverse split less likely?
Recall that Citigroup reverse split its stock back in May, exchanging one share at $45 for every 10 shares trading at $4.52. The company's goals were to get the stock price out of the penny stock zone in order to be able to better market it to big institutions and perhaps to change its status as t
Do short selling restrictions work?
Recall that at the height of the financial crisis, executives of the doomed Lehman Brothers and Bear Stearns blamed short sellers for decimating their stock.
While some considered this an absurd contention, the stock gyrations were enough to spook the regulators, who passed a series of measure
