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How to Grab Fast Profits from Big Bank Earnings This Week

By , Money Morning -

Bank earnings

A slew of bank earnings will be released this week, and these reports present a unique profit opportunity today.

So far, things look good for the big banks in 2018. At a glance, BB&T Corp. (NYSE: BBT), M&T Bank Corp. (NYSE: MTB), and Morgan Stanley (NYSE: MS) all topped Wall Street analyst estimates for earnings. It's further evidence that growth and stability have returned to the sector.

And we've found the best way to grab fast profits from these stocks today...

Here's One of the Best Bank Stocks to Buy in 2018

By , Associate Editor, Money Morning -

Best Bank Stocks to Buy in 2018

Thanks to a perfect storm of three market catalysts, bank stocks are going nowhere but up in 2018.

Leading the way is the $1.5 trillion tax overhaul signed into law on Dec. 22, 2017.

While the bill has provided a boost to the general market, it's beginning to turbocharge the financial sector...

Here's Where Bank Stocks Are Headed After 11% September Gains

By , Associate Editor, Money Morning -

bank stocks

Bank stocks have had a great run over the last month, gaining more than 11% in that time.

That raises the question: "How much better can they do?"

Money Morning Options Trading Specialist Tom Gentile joined CNBC World to give us the answer.

These Are the Bank Stocks to Watch Right Now

By , Money Morning -

bank

The bank stocks to watch today are the companies reporting Q1 earnings.

These earnings reports are highly anticipated as the financial sector led the post-election rally.

Here are the three companies to watch today...

Fines Are a Cost of Doing Business for Big Banks

By , Money Morning -

The cost of criminality is built into the balance sheets of global financial institutions and accordingly priced into their stocks. Five of the world's biggest banks -JPMorgan Chase, Citicorp, Barclays, UBS, and Royal Bank of Scotland - pleaded guilty to currency rigging in the $5 trillion a day foreign exchange market, and settled for fines totaling roughly $5.7 billion (representing the earnings of about a day or two for each bank).

They also received...

166 Trillion Reasons Why Bank Stocks Are So Cheap

By , Global Credit Strategist, Money Morning • @MichaelELewitt -

My continuing search for sectors of the stock market that are trading cheaply and offer the potential for gain has led me to a controversial slice of the market: bank stocks.

Looking at the "Big Four" in the U.S. banking sector, it's easy to conclude that the sector is undervalued...

But that conclusion may be a bit misleading.

Make no mistake - by traditional measures banks look cheap, and their stocks could do fine until the next financial crisis.

But that's the problem. Looking at banks that way ignores the elephant on their balance sheets, and the potential damage to our portfolios.

Here's what's really driving this critical economic sector into a "buyer beware" investment category...

Banco Espirito Santo's Newfound "Clarity" Just Makes Things Foggier

By , Capital Wave Strategist, Money Morning • @WallStreet_II -

So what if there was some momentary panic over some Portuguese bank, Banco Espirito Santo, last week and contagion fears spilled out across the globe and markets tanked?

It's all better now. Everything has been cleared up. How do we know? Because the bank's regulators and the country's central bank, Banco de Portugal, are telling us so. It's all contained, they say.

Well, if you're reassured, don't read on - because this is going to <em>ruin your day</em>...

Mark Wetjen: A Salivating Wolf in the Regulatory Henhouse

By , Capital Wave Strategist, Money Morning • @WallStreet_II -

In case you missed the kerfuffle last Friday, Blythe Masters, the 44 year-old, super-smart head of JPMorgan Chase's commodities trading business, declined to sit on the U.S. Commodity Futures Trading Commission's (CFTC's) Global Markets Committee advisory board.

This came as a big surprise.

To continue reading, please click here...

Wells Fargo & Co (NYSE: WFC) Stock Falls Ahead of Earnings

By , Contributing Writer, Money Morning -

Well Fargo & Co. (NYSE: WFC) stock fell 0.83% Monday, the last trading session before Q4 earnings are released Tuesday before the bell.

We get a fresh read on health of the housing and mortgage markets when Wells Fargo Q4 earnings come out.

Analysts are expecting the San Francisco-based lender to book its 16th consecutive quarter of profit growth. Earnings are projected to have risen 8% year over year.

To continue reading, please click here...

Best Stocks to Buy Now: A Big Growth Case for Small Banks

By , Special Situation Strategist, Money Morning -

While the big banks may have the attention of the Street right now, it's the smaller regional and community banks that are among the best stocks to buy now.

These small bank growth stocks are starting to show dazzling growth as their balance sheets improve dramatically. And they are still very early in the recovery cycle, so there is still plenty of time for individual investors to catch this train...

To continue reading, please click here...

These are the Key Bank Stocks To Buy Ahead of Rising Rates

By , Special Situation Strategist, Money Morning -

Some of the best stocks to buy now will profit from rising rates, as the Fed eyes a QE3 end. Here are a few stocks positioned to gain from the move. Read More...

Two Bank Stocks to Buy Now Before Activist Investors Goose Share Prices

By , Special Situation Strategist, Money Morning -

Activist investors get involved in companies to make money – and these new moves put these two banks among the most promising stocks to buy now. Read more...

Thanks to the Fed, It's All Proceeding According to "The Plan"

By , Capital Wave Strategist, Money Morning • @WallStreet_II -

If you've been reading the headlines, you know Bank of America Corp. (NYSE:BAC) is in trouble. It could be in really big trouble.

Thank goodness they're so big!

Thank goodness all the big banks in America are all much bigger now than they were a few years ago, before the financial crisis brought them to their knees, by their own doing, of course.

Don't you just love it when a plan comes together?

Yeah, it's all part of "The Plan" to eliminate pesky banking competition.

Let me show you how nicely it's working...

The Fed's 100-Year Plan

The Plan was hatched a long time ago. Back in 1913, as a matter of fact.

That's when Congress devised the Federal Reserve System for eliminating competition and making sure U.S. taxpayers would be the lender of last resort to big bankers.

It has taken a while, 100 years, in fact. But it is working.

The first sign it was working came in the 1980s and '90s, when the savings and loans got into serious trouble playing the greed game.

They weren't covered by the Federal Reserve System. So they were shut down, or rolled up by government-backed insiders (Congress' puppet-masters), and later sold to big banks for sweet profits.

Anyway, they're gone. No more pesky competition from S&L associations.

Now look who's next on the chopping block...



To continue reading, please click here...

Stock Market Today: This Stock's Dip Could Be Promising

By , Money Morning -

The stock market today opened flat as positive housing data was weighed down by somewhat mixed earnings.

Here's our market roundup and one stock that's soaring today.

  • Housing starts reach four-year high- The housing market continues to show signs of recovery as the rate of home building in September grew to levels not seen since July 2008. Housing starts rose to an annual pace of 872,000 homes, up 15% from August. Builders also filed for permits at an annual rate of 894,000 homes, up 11.6% from last month and 45.1% year-over-year. Demand for housing will continue to be helped by the Federal Reserve's pledge to keep interest rates near historic levels and the implementation of QE3. Housing prices have rebounded from their nadirs in part because foreclosures are at five-year lows and because the number of U.S. households grew 2% in 2011, its largest rise in 10 years. "There is going to be a continued housing recovery over the next few years," said Larry Seay, chief financial officer at Meritage Homes Corp. (NYSE: MTH) in Scottsdale, AZ, at an investor conference. "Pent-up demand that has built up from people deferring household formation is going to help buoy the recovery. High affordability not only with house prices being very low, but also interest rates being as low as they've been in decades, and all that translating into an improved buyer confidence."
  • Bank of America Corp (NYSE: BAC) delivers a mixed bag- Charlotte, NC-based Bank of America barley managed to squeeze out a profit for the third quarter after $1.6 billion in litigation charges ate away at its earnings. The financial giant earned $340 million - a little more than zero cents per share. That was better than analysts' average estimate of a loss of 7 cents per share, but well below last year's third-quarter profit of $6.2 billion, or 56 cents per share. Revenue also fell, slumping to $20.4 billion from $28.5 billion a year ago, missing expectations. A day after Citigroup CEO Vikram Pandit abruptly resigned, Bank of America's CEO Brian Moynihan sounded confident about his bank's future. "We are doing more business with our customers and clients, deposits are up, mortgage originations are up," he said. "Our strategy is taking hold even as we work through a challenging economy and continue to clean up legacy issues." BAC stock is up 0.6% in early trading.
Here's one stock that beat earnings and is poised for future success.

Read More…

Even with Wells Fargo (NYSE: WFC), Investors Should Read the Fine Print

By , Contributing Writer, Money Morning -

For centuries, Wells Fargo (NYSE: WFC) has put its reputation above all else.

The San Francisco-based banking giant appeared to emerge relatively unscathed from the 2008 financial crisis. It was named Most Valuable Bank Brand in the United States and number two worldwide in 2012.

It's even a favorite and primary position in legendary investor Warren Buffett's iconic Berkshire Hathaway (NYSE: BRK.A, BRK.B) portfolio.

It has avoided the reputation of being manipulative, like its rivals - but that doesn't mean investors aren't getting burned.

An article last week from The New York Times showed that investors need to fully understand the risks of their investments, and can't always trust their bank - no matter the reputation - to look out for them.

Turns out investors who purchased an unusual security suffered steep losses, while Wells Fargo came out ahead. The risks, and there were many, were deeply hidden in the prospectus, a wordy and complicated document few investors understood.

To continue reading, please click here...

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