Baird Says US Banks Still Have Big Value: 4 to Buy Now

One of the few sectors that enjoy rising interest rates is the financial sector, and when the Federal Reserve started lowering interest rates this summer and followed up with more earlier this month, some of the top bank stocks were hit hard. While the KBW Bank Index (BKX) was knocked down to the tune of almost 8% in August but […]

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What to Expect When Morgan Stanley Reports Thursday Morning

Morgan Stanley (NYSE: MS) is scheduled to release its second-quarter financial results before the markets on Thursday. The consensus estimates are calling for $1.14 in earnings per share (EPS) and $9.99 billion in revenue. The same period of last year reportedly had $1.30 in EPS and $10.61 billion in revenue. Morgan Stanley is one of the top 10 banks repurchasing […]

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Bank of America’s Q2 Results Should Have Been Better

Bank of America Corp. (NYSE: BAC) reported second-quarter 2019 results before markets opened Wednesday. The big bank reported diluted earnings per share (EPS) of $0.74 on revenue of $23.1 billion. In the same period a year ago, the bank reported EPS of $0.63 on revenue of $22.5 billion. Second-quarter results also compare to the consensus estimates for EPS of $0.71 […]

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FINRA Brings Additional Rules to Protect Investors Against Troubled Brokers

Brokerage firms with a history of misconduct or that employ a high number of brokers and advisors with red flags may about to face even more regulatory scrutiny. FINRA has requested a comment period through July 1, 2019 regarding proposed additional investor protection guidelines for such firms. The proposed rule would impose tailored obligations on designated member firms that cross […]

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What to Watch When Bank of America Reports Tuesday

Bank of America Corp. (NYSE: BAC) is scheduled to release its second-quarter financial results before the markets open on Tuesday. The consensus estimates are calling for $0.65 in earnings per share (EPS) and $23.3 billion in revenue. The same period of last year reportedly had $0.62 in EPS and $23.27 billion in revenue. The company posted solid fourth-quarter results back […]

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What to Watch in Wells Fargo’s Q1 Report

Wells Fargo & Co. (NYSE: WFC) is set to report its first-quarter financial results before the markets open on Friday. The consensus estimates are calling for $1.10 in earnings per share (EPS) and $20.99 billion in revenue. In the same period of last year, the bank said it had $0.96 in EPS and $21.93 billion in revenue. When companies go […]

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