BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Comfort Zone Investing: Are the Banks Back?]]>http://www.bloggingstocks.com/2011/03/12/comfort-zone-investing-are-the-banks-back/http://www.bloggingstocks.com/2011/03/12/comfort-zone-investing-are-the-banks-back/http://www.bloggingstocks.com/2011/03/12/comfort-zone-investing-are-the-banks-back/#commentsFiled under: ,

comfort zone investing: banksBanks are back in the news -- in a good way. Speculation is that mergers and acquisitions will be picking up, so are profits. Some are looking to raise their dividend and/or buy back more shares. Bank of America (BAC) is one of them.

The CEO, Brian Moynihan, announced that B of A wasn't looking to buy other banks. Instead, the bank would be focused on returning more capital to shareholders in the form of a regular dividend (now 4 cents a year), share buybacks and special cash dividends. The reason: he feels the bank will earn between $35 billion and $40 billion a year (yes, billion ... a year) in pretax earnings when the business normalizes. (But there's the catch: when does business get to normal?)

Continue reading Comfort Zone Investing: Are the Banks Back?

Comfort Zone Investing: Are the Banks Back? originally appeared on BloggingStocks on Sat, 12 Mar 2011 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACbank of americabankscomfort Zone InvestingfeaturedSat, 12 Mar 2011 10:30:00 EST<![CDATA[Capital One Reports Strong Q4 Results, Shares Slide]]>http://www.bloggingstocks.com/2011/01/20/capital-one-reports-strong-q4-results-shares-slide/http://www.bloggingstocks.com/2011/01/20/capital-one-reports-strong-q4-results-shares-slide/http://www.bloggingstocks.com/2011/01/20/capital-one-reports-strong-q4-results-shares-slide/#commentsFiled under: , , , , , , ,

Capital One Q4 Earnings ReportFinancial giant Capital One (COF) is trading slightly lower in after hours trading despite crushing analyst estimates for its fourth quarter after today's market close.

As we noted in our earnings preview, analysts had been expecting to see Capital One post earnings of $1.27 per share, but the company easily surpassed analyst forecasts by reporting earnings of $1.52 per share for the quarter.

Continue reading Capital One Reports Strong Q4 Results, Shares Slide

Capital One Reports Strong Q4 Results, Shares Slide originally appeared on BloggingStocks on Thu, 20 Jan 2011 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankscapital onecofcredit cardsearningsearnings reportinthenewsThu, 20 Jan 2011 18:30:00 EST<![CDATA[Huntington Bancshares: Buy the Pullback?]]>http://www.bloggingstocks.com/2011/01/20/huntington-bancshares-buy-the-pullback/http://www.bloggingstocks.com/2011/01/20/huntington-bancshares-buy-the-pullback/http://www.bloggingstocks.com/2011/01/20/huntington-bancshares-buy-the-pullback/#commentsFiled under:

Huntington Bancshares (HBAN) was down 2% to $6.86 as of this writing. Earlier today, the company reported results for the fourth quarter. Should we be interested in the stock?

According to Bloomberg, net income came in at 5 cents per share. Talk about a change in fortune: last year at this time, a loss of 56 cents per share had been booked. Unfortunately, Wall Street was hoping for 8 cents per share. It should be noted, though, that the profit stat was negatively affected by 7 cents per share because management made a repayment to the United States government for use of monies involved in the Troubled Asset Relief Program (otherwise known as the famous TARP initiative).

Continue reading Huntington Bancshares: Buy the Pullback?

Huntington Bancshares: Buy the Pullback? originally appeared on BloggingStocks on Thu, 20 Jan 2011 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>banksHBANhuntington bancsharesinthenewsThu, 20 Jan 2011 16:30:00 EST<![CDATA[Capital One to Report Its Q4 Results]]>http://www.bloggingstocks.com/2011/01/19/capital-one-to-report-its-q4-results/http://www.bloggingstocks.com/2011/01/19/capital-one-to-report-its-q4-results/http://www.bloggingstocks.com/2011/01/19/capital-one-to-report-its-q4-results/#commentsFiled under: , , ,

Capital One Earnings PreviewIt was a tough day for bank stocks today, and tomorrow Capital One Financial Corp. (COF) will get its chance to impress Wall Street when it reports its fourth quarter results.

The market was disappointed today by weak earnings report from Goldman Sachs and by news of job cuts coming from American Express.

Continue reading Capital One to Report Its Q4 Results

Capital One to Report Its Q4 Results originally appeared on BloggingStocks on Wed, 19 Jan 2011 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>american expressaxpbanksCapital OneCOFearningsearnings previewearnings reportsfinancialsgoldman sachsgsWed, 19 Jan 2011 16:40:00 EST<![CDATA[Opportunity on the Euronext: Delta Lloyd]]>http://www.bloggingstocks.com/2011/01/12/opportunity-on-the-euronext-delta-lloyd/http://www.bloggingstocks.com/2011/01/12/opportunity-on-the-euronext-delta-lloyd/http://www.bloggingstocks.com/2011/01/12/opportunity-on-the-euronext-delta-lloyd/#commentsFiled under: ,

Investors searching for opportunities will be hard pressed to find stocks that are still undervalued. It seems like this rally has pushed every sector to very high levels. Perhaps, it may be time to look in more off-the-cuff places for investment ideas.

One possibility trades on the Amsterdam-based exchange, the Euronext. The Dutch insurer, Delta Lloyd Group, which has operations in the Netherlands, Germany, and Belgium, is a profitable company with a favorable balance sheet that trades at a significant discount to its book value. In the first half of 2010, it generated €767 million of income after taxes and non-controlling interests, a 263% increase. At the same time, it has €3,903 billion in tangible assets net of all liabilities, but a market cap of just € 2,810 billion as of January 11. In other words, investing in Delta Lloyd is like buying assets, with all liabilities paid off, at a 30% discount.

Continue reading Opportunity on the Euronext: Delta Lloyd

Opportunity on the Euronext: Delta Lloyd originally appeared on BloggingStocks on Wed, 12 Jan 2011 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankseuropeEurozoneinsuranceInvestingInvestmentstocksWed, 12 Jan 2011 16:00:00 EST<![CDATA[Comfort Zone Investing: Time to Buy Banks?]]>http://www.bloggingstocks.com/2010/11/27/comfort-zone-investing-time-to-buy-banks/http://www.bloggingstocks.com/2010/11/27/comfort-zone-investing-time-to-buy-banks/http://www.bloggingstocks.com/2010/11/27/comfort-zone-investing-time-to-buy-banks/#commentsFiled under: , , , , ,

a pile of cashBanks were sick for a while. Some of them died (41 in the third quarter alone, a total of 127 so far this year), quickly taken over by the FDIC (Federal Deposit Insurance Corp.), transferring their ticket to ride to another institution that changed the name on the front door (but kept the FDIC sticker) over a weekend. More will evaporate. There are currently 860 on the FDIC's list of problem institutions as of September 30. That compares to 829 at the end of June. But the latest bank profits suggest the worst is over for the banking sector.

Continue reading Comfort Zone Investing: Time to Buy Banks?

Comfort Zone Investing: Time to Buy Banks? originally appeared on BloggingStocks on Sat, 27 Nov 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACbanksBBTCCMAComfort Zone InvestingfeaturedMTBSTTUSBSat, 27 Nov 2010 10:30:00 EST<![CDATA[American Express Trades Lower Following Earnings Report]]>http://www.bloggingstocks.com/2010/10/21/american-express-trading-lower-following-earnings-report/http://www.bloggingstocks.com/2010/10/21/american-express-trading-lower-following-earnings-report/http://www.bloggingstocks.com/2010/10/21/american-express-trading-lower-following-earnings-report/#commentsFiled under: , ,

AXP Q3 Earnings ReportShares of financial giant American Express (AXP) are trading lower in after hours trading despite a stronger than expected earnings report for its third quarter.

Going into this afternoon's earnings report, analysts had been expecting to see American Express announce earnings of $0.86 per share, while actual earnings came in above estimates at $0.90 per share.

Continue reading American Express Trades Lower Following Earnings Report

American Express Trades Lower Following Earnings Report originally appeared on BloggingStocks on Thu, 21 Oct 2010 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American ExpressAXPbankscreditearningsearnings reportfinancialsinthenewsThu, 21 Oct 2010 18:30:00 EST<![CDATA[Senate May Vote This Week on $30 Billion Community Bank Capital Bill]]>http://www.bloggingstocks.com/2010/07/27/senate-may-vote-this-week-on-30-billion-community-bank-capital/http://www.bloggingstocks.com/2010/07/27/senate-may-vote-this-week-on-30-billion-community-bank-capital/http://www.bloggingstocks.com/2010/07/27/senate-may-vote-this-week-on-30-billion-community-bank-capital/#commentsFiled under: , ,

The only question is -- how soon can the Congress get this deal done?

The potential 'deal' being $30 billion in new capital for community banks, who would then use it as a base to increase lending to small-sized/medium-sized businesses by up to $300 billion -- credit that's urgently needed and may prove to be a pivotal factor concerning the U.S. economic expansion's sustainability.

"If we can help the big banks, then we should certainly be able to help small-business lending," President Barack Obama said June 30, Bloomberg News reported. The Senate may consider the bill as early as this week; the program, called the Small Business Lending Fund, passed the U.S. House last month

Continue reading Senate May Vote This Week on $30 Billion Community Bank Capital Bill

Senate May Vote This Week on $30 Billion Community Bank Capital Bill originally appeared on BloggingStocks on Tue, 27 Jul 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankscommunity banksCongresscreditinthenewsloansObama administrationsmall businessesTue, 27 Jul 2010 13:30:00 EST<![CDATA[UBS Reports Stronger-Than-Expected Second-Quarter Earnings]]>http://www.bloggingstocks.com/2010/07/27/ubs-earnings-stronger-than-expected/http://www.bloggingstocks.com/2010/07/27/ubs-earnings-stronger-than-expected/http://www.bloggingstocks.com/2010/07/27/ubs-earnings-stronger-than-expected/#commentsFiled under:

Swiss bank UBS (UBS) reported Tuesday it earned 2 billion Swiss francs ($1.9 billion) -- far better than the loss of 1.4 billion francs in the same quarter last year. Results also easily beat the consensus estimate. Furthermore, the company announced that it should have all the tax matters with the U.S. government settled by October.

The bank enjoyed strong performance from its investment banking sector, which saw pretax profit increase 10%. "This was a good result in volatile market conditions, and demonstrates the progress we are making," CEO Oswald Gruebel said in a statement. "I remain confident in our future and I firmly believe that we have the right strategy in place."

Continue reading UBS Reports Stronger-Than-Expected Second-Quarter Earnings

UBS Reports Stronger-Than-Expected Second-Quarter Earnings originally appeared on BloggingStocks on Tue, 27 Jul 2010 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankingbanksfinancefinancial crisisinthenewsswiss bankubsubs earningsTue, 27 Jul 2010 10:00:00 EST<![CDATA[Is Now a Good Time to Consider The Bank of New York Mellon?]]>http://www.bloggingstocks.com/2010/07/21/is-now-a-good-time-to-consider-the-bank-of-new-york-mellon/http://www.bloggingstocks.com/2010/07/21/is-now-a-good-time-to-consider-the-bank-of-new-york-mellon/http://www.bloggingstocks.com/2010/07/21/is-now-a-good-time-to-consider-the-bank-of-new-york-mellon/#commentsFiled under: ,

Typically, a stock that nose-dives 23% in three months would be cause for alarm, but not when the stock is The Bank of New York Mellon (BK), which I first wrote about on April 6, 2009 at a price of $28.16.

Just view BK's over-correction as a chance to scoop-up shares of a premiere bank and wealth manager.

Look for BK's 2010 revenue to rise about 7-10%, then about 10-12% in 2011, on higher fees and improving margins. Asset management fees in its equities and fixed income business should record solid increases, on price gains in those markets and due to increased client deposits. New business wins add to the positive mix.

Continue reading Is Now a Good Time to Consider The Bank of New York Mellon?

Is Now a Good Time to Consider The Bank of New York Mellon? originally appeared on BloggingStocks on Wed, 21 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank of new yorkbank stocksbanksWed, 21 Jul 2010 17:00:00 EST<![CDATA[Three Booming Latin America Banks]]>http://www.bloggingstocks.com/2010/06/01/latin-america-bank-stocks/http://www.bloggingstocks.com/2010/06/01/latin-america-bank-stocks/http://www.bloggingstocks.com/2010/06/01/latin-america-bank-stocks/#commentsFiled under: , , ,

The financial sector has been a strange double-edged sword in portfolios over the past two years or so. In the wake of the Lehman Brothers bankruptcy, billions of wealth was erased in what were long thought of as conservative stocks. Then the resurgence of some banks since the lows of last year made other investors a fortune, with Citigroup (C) and Bank of America (BAC) both soaring about 300% since historic lows on March 9, 2009.

The drama continues in the financial sector even now with the endless see-saw of mortgage default news and the continued worries over sovereign debt in the eurozone. Any investor jumping into financial stocks right now is really taking the tiger by the tail -- but if you do your homework, there a number of opportunities in the sector become clear -- particularly among financials in Latin America.

Continue reading Three Booming Latin America Banks

Three Booming Latin America Banks originally appeared on BloggingStocks on Tue, 01 Jun 2010 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>argentinaBanColombiabank stocksbanksChilecolombiaCorpBancaemerging marketsfeaturedfinancialTue, 01 Jun 2010 13:40:00 EST<![CDATA[Room to Negotiate on Derivatives, Democrats Say]]>http://www.bloggingstocks.com/2010/05/17/room-to-negotiate-on-derivatives-democrate-say/http://www.bloggingstocks.com/2010/05/17/room-to-negotiate-on-derivatives-democrate-say/http://www.bloggingstocks.com/2010/05/17/room-to-negotiate-on-derivatives-democrate-say/#commentsFiled under: ,

Chris Dodd, chairman of the Senate banking committee, and Blanche Lincoln, chairman of the agriculture committee, told the Financial Times that there was room to negotiate on a proposal that would force banks to spin off their swaps desks.

If passed, the proposal would mean that banks would most likely close down their gambling operations and stick to good, old-fashioned banking. As you might guess, banks are jumping up and down in opposition to this move.

Continue reading Room to Negotiate on Derivatives, Democrats Say

Room to Negotiate on Derivatives, Democrats Say originally appeared on BloggingStocks on Mon, 17 May 2010 12:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>banksinthenewsswapsMon, 17 May 2010 12:30:00 EST<![CDATA[New FDIC Rule Would Have Asset-Backed Securities Issuers Retain 5% of Risk]]>http://www.bloggingstocks.com/2010/05/11/new-fdic-rule-would-have-asset-backed-securities-issuers-retain/http://www.bloggingstocks.com/2010/05/11/new-fdic-rule-would-have-asset-backed-securities-issuers-retain/http://www.bloggingstocks.com/2010/05/11/new-fdic-rule-would-have-asset-backed-securities-issuers-retain/#commentsFinally, some common sense and accountability-oriented reforms with regard to the nation's infamous asset-backed securities market? Perhaps.

On Tuesday, the Federal Deposit Insurance Corporation (FDIC) voted 3-2 to require ABS sellers to keep 5% of the credit risk in exchange for a guarantee against seizure, The Associated Press reported Tuesday. The theory behind it is that banks with the 5% exposure will be more careful about originating mortgages/loans, etc.



Continue reading New FDIC Rule Would Have Asset-Backed Securities Issuers Retain 5% of Risk

New FDIC Rule Would Have Asset-Backed Securities Issuers Retain 5% of Risk originally appeared on BloggingStocks on Tue, 11 May 2010 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>asset-backed securitiesbanking sectorbanksFDICinthenewsTue, 11 May 2010 18:30:00 EST<![CDATA[Bernanke: Bank Attitudes Toward Lending May Be Shifting]]>http://www.bloggingstocks.com/2010/05/06/bernanke-bank-attitudes-toward-lending-may-be-shifting/http://www.bloggingstocks.com/2010/05/06/bernanke-bank-attitudes-toward-lending-may-be-shifting/http://www.bloggingstocks.com/2010/05/06/bernanke-bank-attitudes-toward-lending-may-be-shifting/#commentsFiled under: ,

With credit storm clouds persisting in Europe, it's understandable that the outlook of many investors is, shall one say, subdued.

However, the head of the world's most powerful central bank hinted Thursday that a more hopeful outlook may be appropriate.

U.S. Federal Reserve Chairman Ben Bernanke said bank lending remains tight, but as a result of the U.S. economy's improvement "bank attitudes toward lending may be shifting."

Continue reading Bernanke: Bank Attitudes Toward Lending May Be Shifting

Bernanke: Bank Attitudes Toward Lending May Be Shifting originally appeared on BloggingStocks on Thu, 06 May 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banksBernankeinthenewsThu, 06 May 2010 16:20:00 EST<![CDATA[Community Bank First Niagara: Still a Bargain?]]>http://www.bloggingstocks.com/2010/04/27/first-niagara-still-a-bargain/http://www.bloggingstocks.com/2010/04/27/first-niagara-still-a-bargain/http://www.bloggingstocks.com/2010/04/27/first-niagara-still-a-bargain/#commentsFiled under:

The shares of community bank First Niagara Financial Group (FNFG), which I first wrote about on April 27, 2009, at a price of $13.55, have meandered for the better part of a year, but I still like company at this juncture. Here's why:

First Niagara's value proposition remains the same: a community bank with few non-performing mortgages. Its residential loan portfolio, all in-house, is performing well. Also, in the first quarter of 2010, average commercial loan balances increased at a 15% annualized rate, on solid commercial business loan growth in Upstate New York and in Western Pennsylvania. FNFG now has $20 billion in assets, $14 billion in deposits, and 255 branches.

Continue reading Community Bank First Niagara: Still a Bargain?

Community Bank First Niagara: Still a Bargain? originally appeared on BloggingStocks on Tue, 27 Apr 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banksFirst Niagara Financial GroupFNFGregional banksTue, 27 Apr 2010 17:30:00 EST<![CDATA[Goldman Sachs Profits Demonstrate Main St.-Wall St. Divide]]>http://www.bloggingstocks.com/2010/04/21/goldman-sachs-profits-demonstrate-main-st-wall-st-divide/http://www.bloggingstocks.com/2010/04/21/goldman-sachs-profits-demonstrate-main-st-wall-st-divide/http://www.bloggingstocks.com/2010/04/21/goldman-sachs-profits-demonstrate-main-st-wall-st-divide/#commentsFiled under: , ,

Goldman Sachs GSGoldman Sachs (GS) offered up a blowout quarterly report Tuesday. GS earnings were the second best on record and short only of Goldman fourth quarter earnings report from just a few months ago.

In the wake of recent fraud allegations against the investment bank, there's plenty of reason for politicians and taxpayers to grumble. But don't think it's envy over the record profits -- the real problem here isn't the big buckets of money being pulled in by Goldman Sachs, but the source of the income. Consider that without all the money GS made on Wall Street via proprietary trading, the bank's quarterly profits would be just $2.53 billion -- about half the profits put up by U.S. Bancorp (USB) the same day.

Continue reading Goldman Sachs Profits Demonstrate Main St.-Wall St. Divide

Goldman Sachs Profits Demonstrate Main St.-Wall St. Divide originally appeared on BloggingStocks on Wed, 21 Apr 2010 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bailoutbanksearningsfeaturedGoldman SachsGSregions financialRFWed, 21 Apr 2010 11:30:00 EST<![CDATA[IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion]]>http://www.bloggingstocks.com/2010/04/20/imf-lowers-bank-financial-crisis-losses-to-2-28-trillion/http://www.bloggingstocks.com/2010/04/20/imf-lowers-bank-financial-crisis-losses-to-2-28-trillion/http://www.bloggingstocks.com/2010/04/20/imf-lowers-bank-financial-crisis-losses-to-2-28-trillion/#commentsFiled under: ,

Tuesday's good news comes from the International Monetary Fund (IMF). Their latest forecast projects losses from the financial crisis to total $2.28 trillion, down $533 billion from the organization's October 2009 forecast.

And the reason for the improvement? You guessed it: the global economic recovery, which has reduced estimated bank write-downs and also improved bank capital positions, among other benefits. The IMF, in its revised Global Financial Stability Report, also cut its estimate for U.S. bank losses to $855 billion, down from a $1.03 trillion estimate in October 2009.

Continue reading IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion

IMF Lowers Bank Financial Crisis Losses to $2.28 Trillion originally appeared on BloggingStocks on Tue, 20 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank sectorbankscredit marketsIMFInternational Monetary FundinthenewsTue, 20 Apr 2010 18:00:00 EST<![CDATA[Comfort Zone Investing: Bigger Is Better -- Usually]]>http://www.bloggingstocks.com/2010/04/17/comfort-zone-investing-bigger-is-better-usually/http://www.bloggingstocks.com/2010/04/17/comfort-zone-investing-bigger-is-better-usually/http://www.bloggingstocks.com/2010/04/17/comfort-zone-investing-bigger-is-better-usually/#commentsFiled under: , , ,

comfort zone investing: big is betterBig is big lately, as in Too Big To Fail headlines, referring to the biggest banks, ones like Citibank, (C) Chase (JPM), and Bank of America (BAC). They can't be allowed to fail, the reasoning goes, or faith will be lost in the banking system. If that faith goes away, so do all the banks. And there goes capitalism as we know it. Without banks lending money for homes and businesses, there is no growth, only shrinkage.

Big in banks has been helpful to the biggest names. Lehman wasn't quite big enough. It didn't get federal money to help bridge the gap between almost out of business and out of business. But Citi did. So did BofA. As did Chase. They all got bailed out. Crisis averted. Profits are coming back to these banks. They're repaying the TARP money, with interest. The government will sell its warrants that will add to the profitability of that decision. All's well that ends well.

Continue reading Comfort Zone Investing: Bigger Is Better -- Usually

Comfort Zone Investing: Bigger Is Better -- Usually originally appeared on BloggingStocks on Sat, 17 Apr 2010 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Bank of Americabanksbig companiesbuildersComfort Zone InvestingfeaturedfordGEGMIBMTMSat, 17 Apr 2010 10:30:00 EST<![CDATA[JPMorgan Chase Up on Q1 News]]>http://www.bloggingstocks.com/2010/04/14/jpmorgan-chase-up-on-q1-news/http://www.bloggingstocks.com/2010/04/14/jpmorgan-chase-up-on-q1-news/http://www.bloggingstocks.com/2010/04/14/jpmorgan-chase-up-on-q1-news/#commentsFiled under: , , ,

JPMorgan Chase (JPM) is a financial stock, and as such, you've got a right to be cautious about it, considering what's happened to the economy over the last couple years. Today, however, the equity, whose colleagues include Bank of America (BAC) and Citigroup (C), appears pretty appealing. Wall Street enjoyed the results of the bank's first quarter, expressing its opinion by sending in the buy order.

As of this writing, shares of the company are up well over 3%, on robust volume. The stock has been strong since its last downturn, which ended back in February, according to the one-year chart.

Continue reading JPMorgan Chase Up on Q1 News

JPMorgan Chase Up on Q1 News originally appeared on BloggingStocks on Wed, 14 Apr 2010 15:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACbank of americabanksCcitigroupfinancialinthenewsJPMjpmorgan chaseJpmorganChaseWed, 14 Apr 2010 15:20:00 EST<![CDATA[Bank Failures Hit 42, Expected to Exceed 2009's 140]]>http://www.bloggingstocks.com/2010/04/12/bank-failures-hit-42-expected-to-exceed-2009/http://www.bloggingstocks.com/2010/04/12/bank-failures-hit-42-expected-to-exceed-2009/http://www.bloggingstocks.com/2010/04/12/bank-failures-hit-42-expected-to-exceed-2009/#commentsFiled under: , ,

Friday marked the failure of another bank, pushing the 2010 total to 42. The Federal Deposit Insurance Corporation took over Beach First National Bank in Myrtle Beach, South Carolina.

The bank had $585.1 million in assets and $516 in deposits. Bank of North Carolina, based in Thomasville, is taking over the failed bank's assets and deposits. The Beach First failure is expected to cost the FDIC $130.3 million.

A growing number of loan defaults, especially in the commercial real estate sector, have put considerable pressure on banks across the country. In fact, failures are expected to peak this year, exceeding the 140 that occurred in 2009, which was the worst year since 1992.

Continue reading Bank Failures Hit 42, Expected to Exceed 2009's 140

Bank Failures Hit 42, Expected to Exceed 2009's 140 originally appeared on BloggingStocks on Mon, 12 Apr 2010 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bank failurebank failuresbankingbanksBeach First National Bankcommercial real estatedefaultsFDICFederal Deposit Insurance Corporationinthenewsmortgagemortgage defaultsmortgagesreal estateMon, 12 Apr 2010 09:00:00 EST