Stocks to Buy Now
Regional Banks bounced back on Friday, ending a rough week for the banking sector in the wake of the Federal Reserve's stress tests.
Large-cap bank stocks were weak on the first day of trading after the Federal Reserve completed the second round of its annual stress tests.
Here are some winners and losers from the Federal Reserve's review of large banks' plans to deploy excess capital.
Citigroup and analysts are quite surprised with the Fed's rejection of the bank's 2014 capital plan.
The second part of the Federal Reserve's annual bank stress-test processes with only 25 of 30 banks having their capital plans approved by the regulator.
A new report on payday lending points to the way to greater regulation for non-bank lenders this year, but there could also be a new player in the market.
Despite cutting his buyback and EPS estimates for Bank of America, Citigroup Analyst Keith Horowitz still recommends buying the shares.
Discover shines in many ways, including a relatively low valuation, a high ROE and a significant reduction in share count from buybacks.
The bank was downgraded by Atlantic Equities analyst Richard Staite, in part because of its "poor performance" in last week's stress tests.
Despite the large amounts of share buybacks, some of the nation's biggest banks have diluted common shareholders over the past two years.