Banks And Financial Stocks: Latest News And Analysis

Posted by Admin April 23, 2024 Bussiness

After plunging amid the coronavirus market crash, a brutal recession and sub-1% 10-year Treasury rates, JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) have gotten a boost from coronavirus vaccines and the prospect of bigger stimulus.

Treasury yield spreads are widening once again, with the 10-year rate back above 4%. Investment banking activity has picked up, while investors are looking ahead to the prospect of an end to Covid restrictions and full economic recoveries later this year for banks such as JPMorgan, Goldman Sachs (GS), Morgan Stanley (MS) and Citigroup (C).

Bookmark this page to stay on top of the latest bank stock and financial sector news.

Wabtec Rumbles onto Stock Spotlight List. Check These Lists For Best Stocks To Watch And BuyWabtec, which make equipment for locomotives, freight and passenger cars, shot up more than 10% Wednesday after reporting better than expected earnings. Wabtec earned a spot in the IBD Stock Spotlight and… Read More

Stocks Today: Indexes Post Tight, Mixed Closes But This Sector Got Unanimously SlammedDid the action in stocks today feel a bit twitchy? Judging by the relatively mild closes among various key indexes, some might agree. Yet most would nod at the assertion that earnings… Read More

Ryder Stock Hits All-Time High. Firing On All Cylinders?Shares of vehicle leasing giant Ryder System rose to an all-time intraday high 122.81 on Tuesday. It has generally stellar ratings and on Wednesday the Relative Strength (RS) Rating for Ryder stock… Read More

Visa Helps Lift Dow, Price Targets Hiked On Expected Growth AccelerationVisa stock swung higher early Wednesday, trading with Boeing atop the Dow Jones Industrial Average after delivering quarterly results late Tuesday and early Wednesday, respectively. A number of analysts raised their price… Read More

FNB Corp Shows Rising Relative Price Performance; Still Shy Of Key BenchmarkFNB Corp had its Relative Strength (RS) Rating upgraded from 70 to 75 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see. IBD’s… Read More

Northern Trust Gets Relative Strength Rating UpgradeThe Relative Strength (RS) Rating for Northern Trust climbed into a higher percentile Wednesday, as it got a lift from 64 to 71. This exclusive rating from Investor’s Business Daily measures share… Read More

Stocks Showing Improved Relative Strength: Fulton FinancialIn a welcome move, Fulton Financial saw its Relative Strength Rating rise from 67 to 71 on Wednesday. IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement… Read More