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Regional Banks Making A Comeback?

Wed, 23 Sep 2009 03:58:59 GMT

In looking over tonight's Swing Trading Signals, one sector seemed to be standing out. There were a bunch of BUY signals for regional banks. Out of 13 BUY signals, there were 6 that were regional banks: City Bank (CTB) The Elmira Savings Bank, FSB (ESBK) First United Corporation (FUNC) MERCANTILE BANCORP, INC. (MBR) Old Second Bancorp, Inc. (OSBC) United Western Bancorp, Inc. (UWBK)In addition, there was a large money center bank on the list: MITSUBISHI UFJ FINANCIAL GROUP, INC. (MTU).[More...]

ETF Changes: KBW Announces Third Quarter 2009 Rebalancing On Its Family Of U.S. Indices

Thu, 17 Sep 2009 14:09:37 GMT

(Business Wire)–Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announced a quarterly rebalancing across its entire family of U.S. indices. The changes will be effective before markets open on Monday, September 21.[More...]

KBW: Write Us A Check, Get Your Stock Upgraded

Thu, 20 Aug 2009 19:35:00 GMT

Good lord. The folks at Keefe Bruyette & Woods seem to have totally forgotten it’s not OK anymore to pimp out their research to investment banking clients.[More...]

Wednesday’s Market Recap (05/06/09)

Thu, 07 May 2009 05:03:19 GMT

The markets received a boost from the financial sector as investors awaited news on the government stress test. The DJIA was up 1.2% closing at 8512.28. The S&P 500 and NASDAQ 1.74% and 0.28% respectively. The 10 year saw yields shrink to 3.12% while real assets had mixed results as Gold ended up to settle at $911.9. Oil was down to $56.23 at the close of the NYMEX trading. Walt Disney (DIS: 25.87, +2.72 (+11.75%)) helped the composites as it posted stellar first quarter earnings despite write downs and weak results from its movie and theme park segments. Disney reported a 46% drop in profit making $613 million compared to $1.13 billion during the same period last[More...]

Who Picks Up The Tab?

Wed, 06 May 2009 22:49:14 GMT

No one seemed to questioning the vicious buying of Bank of America (BAC) and Citi Group (C) on a Wednesday where stress test leaks suggested the two banks will need an additional $35 billion and $50 billion of common equity. Does the transparency of major U.S. banks' financial needs warrant the KBW Banking Index's gain of 10%+ on Wednesday? How about the Temporary Government Liquidity Program (TGLP)? This part of the banking system assistance hasn't received much of the limelight, given the market focus on stress test results. However the TGLP has been crucial to the supposed strength among financials as the program allowed banks issue FDIC guaranteed debt. Through the offering Goldman Sachs (GS), JP Morgan (JPM), Morgan Stanley(MS) and others to borrow capital for less than half the interest they would have to pay standing on their own two feet. The[More...]

Regarding Profits At WFC And GS

Tue, 14 Apr 2009 16:41:58 GMT

Since Wells Fargo announced last week that it expected record first quarter profits, I have been looking for some kind of reality-based explanation. Certainly the market liked the news. But what does it mean, this alleged $3 billion in profits? Today we received some additional news, as KBW downgraded the stock: Wells Fargo & Co., the second- biggest U.S. home lender, may need $50 billion to pay back the federal government and cover loan losses as the economic slump deepens, according to KBW Inc.’s Frederick Cannon. KBW expects $120 billion of “stress” losses at Wells Fargo, assuming the recession continues through the first quarter of 2010 and unemployment reaches 12 percent, Cannon wrote today in a report. The San Francisco-based bank may need to raise $25 billion on top of the $25 billion it owes[More...]

How To Spot The Bottom

Thu, 19 Mar 2009 14:13:00 GMT

Was that the real thing? Is this the new bull?Just as the consensus was forming that the rally from the lows last week was the start of a bear market rally (example here), the Fed announced that it invented another tool to throw money at the financial system by buying U.S. Treasury bonds at the long end of the yield curve. The announcement sparked off a stock market rally that took the S&P 500 to an interim resistance level of 800.What now?What’s more, Merrill Lynch’s institutional survey shows increasing levels of bullishness among fund managers. If they start to put money back into the market, the funds flow[More...]

Opportunities In Bank Bonds, Part 2

Thu, 12 Mar 2009 13:48:00 GMT

Thinking about Citigroup and Bank of America — Given to Fincorp Clients 3/4/09 When the government gets involved in business, the rules of the game change. Creditworthiness becomes less of an “analyze the metrics” affair, and more of a “how strong of a guarantee” affair. What would it take to make the US Government change the[More...]

A Lesser-Known Way To Profit From An Oversold Bounce In This Huge Sector

Mon, 23 Feb 2009 19:03:00 GMT

Normal 0 Monday, February 23, 2009 by Jim Stanton, Technical & Quantitative Analyst, Smart Profits Report Have we seen a climactic bottom in the banking sector? In my last “Sector Watch” column, I alerted you to the KBW Banking[More...]

This Accounting Rule Change Could Send Stocks Soaring

Fri, 06 Feb 2009 20:31:00 GMT

Friday, February 6, 2009 by Marc Lichtenfeld, Senior Analyst & Healthcare Specialist, Smart Profits Report and Martin Denholm, Managing Editor, Smart Profits Report Dear Smart Profits Report Reader, 598,000 jobs lost in January - the worst in 34 years… … and just to keep us on our toes, the erratic stock market reacts by zooming higher. This on top of an unsurprising Washington holdup in passing the economic stimulus package, too. One can only imagine that the market is shrugging off the news because the abysmal figure from the Labor Department didn’t stink up the joint quite as badly as feared. It’s like being thankful when your son escapes injury after taking your car without permission and backing it up through the closed garage door. But make no mistake…[More...]

Zions Falls After Saying Income May Not Cover Dividends, Interest

Wed, 12 Aug 2009 22:06:00 GMT

Aug. 12--Shares of Zions Bancorp, the Utah-based lender that operates in 10 Western states, fell 8 percent Tuesday after the bank said its income probably will not cover interest and dividend payments for 2009, and will have to dip into cash reserves to do so.
Zions helped lead a 4.4 percent drop in the 24-member KBW index, though it has substantially outperformed the index in recent months.
Zions spokesman James Abbott said the company has plenty of cash on hand, $675 million, to meet its annual debt obligations of about $200 million, which include interest on its debt and dividends for preferred shares.

: iStockAnalyst.com Symbols Feed

Regional Banks Making A Comeback?

ETF Changes: KBW Announces Third Quarter 2009 Rebalancing On Its Family Of U.S. Indices

KBW: Write Us A Check, Get Your Stock Upgraded

Wednesday’s Market Recap (05/06/09)

Who Picks Up The Tab?

Regarding Profits At WFC And GS

How To Spot The Bottom

Opportunities In Bank Bonds, Part 2

A Lesser-Known Way To Profit From An Oversold Bounce In This Huge Sector

This Accounting Rule Change Could Send Stocks Soaring

Zions Falls After Saying Income May Not Cover Dividends, Interest

How Much Are Illinois Bank Failures Costing the FDIC?

Bank Stocks Face Hurdles to Recovery

Obama's Financial Plan, Round One

List of 'Stressed' Area Banks Grows

Banks Will Raise Needed Capital

BB&T's King Has Smooth Meeting

St. Louis Post-Dispatch David Nicklaus Column: Investors Again Embrace Banking

Stocks Boosted By Wells Fargo Report, Jobless Claims

Regional Banks' Stocks Have Lagged Behind Gains at Megabanks

KBW Announces Changes to KBW Regional Banking Index (KRX)

KBW, Inc. Announces Record Third Quarter 2009 Revenues and 2010 Asia Expansion

KBW Announces Changes to KBW Regional Banking Index (KRX)

KBW Announces Changes to KBW Regional Banking Index (KRX)

KBW Announces Changes to KBW Regional Banking Index (KRX) and KBW Mortgage Finance Index (MFX)

KBW Announces Changes to KBW Bank Index (BKX), KBW Regional Banking Index (KRX), KBW Insurance Index (KIX), and KBW Mortgage Finance Index (MFX)

KBW Announces Third Quarter 2009 Rebalancing on Its Family of U.S. Indices

KBW Announces Changes to KBW Regional Banking Index (KRX)

KBW Announces Changes to KBW Mortgage Finance Index (MFX)

KBW Announces Changes to KBW Bank Index (BKX), KBW Insurance Index (KIX), and KBW Capital Markets Index (KSX)

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