Why U.S. Bancorp Shares Are Diving Premarket Today

U.S. Bancorp reports first-quarter FY24 results. Revenue stood at $6.7 billion, down 6.4% Y/Y. Net interest income fell 14.0% to $4.0 billion due to impact of higher interest rates on deposit mix and pricing.

Top 10 best-performing bank stocks of 2024 as earnings results roll in

These are the top 10 best-performing bank stocks of 2024 as earnings results roll in. First Internet Bancorp ranks No. 1 for the year-to-date performance of U.S.-based banking stocks. The banking industry has been in focus this week with earnings results rolling in.

What's Going On With PNC Financial Shares Today?

PNC Financial Services Group Inc reported a revenue decline of 8% Y/Y to $5.15 billion in the first quarter of FY24. The bank missed the consensus estimate for revenue. PNC also reported lower net interest income and noninterest income. The company returned $0.8 billion to shareholders.

Why M&T Bank Shares Are Trading Higher Today

M&T Bank Corporation reported first-quarter FY24 results. Revenue of $2.260 billion missed the consensus estimate. M&T held total assets of $211.5 billion as of March 31, 2024. The bank's shares are trading higher after the report.

Weekly Report: what happened at IAT last week (0408-0412)?

Big Banks Turn Inflationary Lemons Into Lemonade

Big banks benefit from higher interest rates. Big lenders have primed investors for that boost to fade. JPMorgan, Wells Fargo and Citigroup to report first-quarter earnings on Friday. Smaller rivals will struggle to turn inflationary lemons into lemonade. Bank valuations have sagged under impending new bank rules.

The Federal Reserve Must Choose Its Interest Rate Strategy

Desmond Lachman says the Federal Reserve must choose its interest rate strategy. He says the Fed will have to keep interest rates high to meet its inflation target or cut interest rates to stabilize the financial system. The Fed’s predicament stems from keeping monetary policy too loose for too long, he says. The Federal Reserve has helped fuel a commercial real estate bubble and a bubble.

Are The Stars Finally Aligned For U.S. Financial Stocks?

After a series of banking failures in early 2023, financial stocks are showing signs of life again. Financial stocks rallied in the last five months, signaling growing investor confidence that a wider systemic meltdown has been averted. First-quarter trends suggest that market returns may be poised to broaden - good news for financials.

Huntington Bancshares Gets Bullish Upgrade, Analyst Forecasts Accelerated Growth Despite Rate Worries

Huntington Bancshares Incorporated (HBAN) shares are trading higher today. BofA Securities analyst upgraded the stock to Buy and raised the price target to $16. The analyst says fewer rate cuts are positive for the bank's revenue growth into 2025.

Weekly Report: what happened at IAT last week (0401-0405)?

U.S. Bank Earnings Preview: What To Watch

IAT: Caution Still Warranted On Regional Banks

IShares U.S. Regional Banks ETF (IAT) still lags behind KRE on overall cost. Regional banks have seen a strong relief rally in recent months. The group has rallied on the back of the Fed's Q4 pivot. IAT is a more concentrated play on US regional banks than KRE.

The Stock Market Is Partying Like It Is 2008

Home Market Outlook Today's Market The Stock Market Is Partying like It Is 2008 Desmond Lachman: The stock market is partying like it is 2008 even at a time of high interest rates. He says the market is ignoring the risk of heightened world trade tensions. The market is also ignoring the slow-motion train wreck in the commercial real estate sector.

Analysts Anticipate IAT Will Reach $46

Weekly Report: what happened at IAT last week (0325-0329)?

Resurging Corporate Profits Show Inflationary Pressures Are Reheating After Lull: Corporate Profits By Major Industry

Home Market Outlook Economy Analysis Resurging Corporate Profits Show Inflationary Pressures Are Reheating After Lull. Corporate pre-tax profits in all non-financial domestic industries combined jumped by 5.6% in Q4 from Q3. The spike in profitability in inflationary times is a sign that companies hiked prices much faster than their costs.

Cons Disc distribution & retail has the highest dispersion among S&P groups - MS

Consumer discretionary distribution & retail has the highest dispersion among S&P groups. Morgan Stanley analysts monitored the dispersion metrics of the S&p 500 and its sectors and subsectors. Dispersion measures the range of returns for a group, Morgan Stanley says. High dispersion present in auto and household, lower in utilities and energy.

What Shifting Expectations About The Fed's Next Move Could Mean For Markets

Home Investing Strategy Portfolio Strategy What Shifting Expectations About The Fed's Next Move Could Mean For Markets. Anna Castro, Managing Director and Head of Retail Asset Allocation at TD Asset Management says what's important isn't the timing of a rate cut, but whether you remain invested. Inflation, interest rates and the markets.

Weekly Report: what happened at IAT last week (0318-0322)?

Should You Invest in the iShares U.S. Regional Banks ETF (IAT)?