|Day Low/High||55.85 / 56.66|
|52 Wk Low/High||49.27 / 66.31|
Bank of America CEO Brian Moynihan told TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer that his research team forecasts 4% economic growth in the second quarter.
Big U.S. banks including JPMorgan Chase and Bank of America have reaped a windfall from President Donald Trump's tax cuts and the Federal Reserve's increases in interest rates. Yet regular savers have yet to see any benefit from the fatter profits in the form of higher savings rates on deposits.
My Netflix short was a big winner yesterday, but I am also long Amazon and Google, which were hit with pretty strong collateral damage.
Jim Cramer says this market is all about being opportunistic, about being willing to fight the tide.
Monday's bank rally signals that investors wariness over the trade war and fears of a recession are receding, analysts said.
This market is all about being opportunistic.
Bank of America, Deutsche Bank and other firms are rallying on good second-quarter results, but there should be more gains to come.
There are no pockets of safety beyond the big banks and there is no interest in buying the weakness so far.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Monday's trending stocks from the floor of the New York Stock Exchange.
It's getting harder to justify selling the banks because they are so cheap, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.
President Donald Trump's tax cuts delivered a windfall to big banks like JPMorgan, and he has slashed financial-industry regulations. Now he's making bank executives' lives complicated.
Earnings season kicks off truly with results from giant Netflix - Wall Street is on pins and needles for this one. Forget the Trump-Putin showdown.
The bank stocks are great value buys, and here is why.
A big week is on tap for corporate earnings. Are you really prepared? Probably not.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer has analysis on Friday's bank earnings.
Argus expert says markets aren't properly pricing in dividend hikes and new share buybacks.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Friday's trending stocks from the floor of the New York Stock Exchange.
JPMorgan beats estimates, Wells Fargo misses and Citigroup reports mixed results.
Stocks closed modestly higher Friday with the Dow ending just above 25,000 and the S&P 500 just above 2,800.
We aren't done moving higher even with the president ready to strike at a moment's notice against any of our allies.
CEO Jamie Dimon says China's stock and bond markets will rival America's within 12 years.
The bank's quarterly earnings surpassed analysts' expectations.
Jim discusses JPMorgan and Citigroup, and also talks about Instagram and Facebook!
Second-quarter results are indicative of JPM's best-in-class status and reinforce our conviction in the name.
Wells Fargo, which has faced allegations since 2016 that customers were treated inappropriately due to overly aggressive sales practices, has had to temper loan and deposit growth to comply with sanctions imposed earlier this year by the Federal Reserve. The bank, the largest U.S. home lender, also has suffered from falling demand for new mortgages as interest-rates rose.
U.S. banks are set to return billions to shareholders, and lead markets higher in to the second half of the year, as the economy continues to improve and the Fed maintains is interest rate hike targets.
Global stocks added to gains Friday as investors prep for the start of the U.S. corporate earnings season, but remain cautious after data showing a record China-U.S. trade surplus.
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