Banks

5 Midget Banks I'm Watching

With the breathtaking run-up in larger banks like Wells Fargo and Bank of America, many traders are now looking at the smaller, lower quality names in the banking sector for back-from-the-dead survival plays. Above is a quick comparison I’ve put together of some of the second/ third tier banks, the ones with more regional exposure…

The E! True Hollywood Story: Rise and Fall of SKF

The ProShares Ultra Short Financial ETF, otherwise called SKF, has had one of the most spectacular flame-outs in market history.  One minute, SKF was a superstar, raking in millions of dollars on a daily basis and dominating the most actives list.  Then suddenly, the party was over. This is the E! True Hollywood Story of…

The Big Picture Challenges Jim Cramer on the Banks

The Big Picture’s Chris Whalen had this to say about James Cramer‘s table-pounding on US Bancorp (USB), Webster Bank (WBS) et al this morning: I notice that Jim Cramer is yowling on TheStreet.com today, pounding the table on US Bancorp (USB) and Webster Savings Bank (WBS).  Jim, how much you want to buy?  These institutions are going to…

When the Banks Bailed Out America

As a result of the 2008-2009 credit crisis, the United States government has committed over $700 billion to bail out the banks in order to stem the tide of systemic meltdown.  As the populace rages about these rescues and how the banks themselves have chosen to use these funds, it is important to remember that…

Market Recap: Build-a-Bank

[youtube=http://www.youtube.com/watch?v=egT8-06AcSY] The Reformed Broker, AKA The Pastrami King, here with today’s Market Recap… OK stocks and sectors, take one step forward if you were lookin’ good during today’s market melt-up… Not so fast, Newspapers! The 3:30 look at the Newspaper Sector: Laggards in Price Performance (Intraday) E W SCRIPPS CL A [ssp] -9.46% A.H. BELO…

Market Recap: In The Ayer

[youtube=http://www.youtube.com/watch?v=0fEI2ZHUs6o] The Reformed Broker, AKA Armand Hammer, here with today’s Market Recap… So North Korea tests a nuclear bomb and long range missile and the Case Shiller housing numbers, while backward-looking, are still apocalyptic.  How does the market react? EXPLOSION!   The Dow was up around 150 to 200 points all day, without any real…

Market Recap: Today was a Brick

[youtube=http://www.youtube.com/watch?v=KakinPNRiDc] The Reformed Broker, AKA Brian Fantana, here with today’s Market Recap… The Dow lost around 130 points, but surprisingly, Bank of America (BAC), Citi (C) and the other big banks were flattish all day.  Here’s where the carnage was: Laggards in Price Performance (Intraday)   Office Supplies -6.40% Internet Service Providers -6.30% Resorts & Casinos…

Market Recap: Mega Shark vs Giant Octopus

[youtube=http://www.youtube.com/watch?v=Fa7ck5mcd1o] The Reformed Broker, AKA Cowboy Curtis, here with today’s Market Recap… The futures were ugly, and boy was the market in for it. Banks, REITs, insurance companies…you name it, they were red. Techs took the Nazz down over 40 points as well. Get a load of the Advance/Decline numbers at the 3 o’clock look…wall-to-wall…

Market Recap: Ugly Love

 [youtube=http://www.youtube.com/watch?v=cIDy_09nmQU] The Reformed Broker, AKA Oxblood Oxheart, here with today’s Market Recap… The secondary offering parade that started last friday continued today with a jumbo 56 mil share lump out of Capital One Financial (COF) this morning. The markets used that as an excuse to take profits with the Dow off 150 heading into the…