The US equity market recovered strongly from the lows reached in March only to start plunging again in the past few days. Fears of a second wave of Covid-19 infections and soaring death toll is taking a toll on the market. Not to mention the astonishing rise in the number of unemployed Americans that total …
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The S&P 500 is down 1.67%. The benchmark index for major US banks, KBW Nasdaq Bank Index, has declined more with a loss of 2.79% so far this year. The chart below shows the 5-year return of the index: Click to enlarge Source: Yahoo Finance Though banks are lagging the S&P 500, over the past …
Continue reading ‘Though US Bank Stocks Are Under-Performing Now, Future Looks Bright’ »
After the recent financial crisis many banks have shored up their balance sheets and are now raising dividends due to increasing earnings. However some investors are still avoiding bank stocks according to a piece in the Journal yesterday. From the article: Nearly 300 banks had reduced or discontinued their dividends since 2008, saving the industry …
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Some investors are completely avoiding stocks in the U.S. banking sector due to the recent credit crisis and the continuing failure of banks on a weekly basis. While there are many known unknowns with this industry such as further writedowns of real-estate loan losses, plenty of opportunities abound for astute investors. With thousands of banks …
As the Federal Reserve plans to implement new rules to regulate banks’ service charges, an article titled TCF Risks Backdraft on Overdraft Fees today in the Journal mentioned five banks that have had high levels of service charges as a percentage of noninterest income. In this post, lets take a look some of the fees …
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