Financial Stocks Fall After Earnings, Major Banks Notch 4-Day Losing Streak: Regional Banks Hit Lowest Level Since Late 2023

Financial Select Sector SPDR Fund fell 0.68% Tuesday in its fourth straight day of losses. Regional banks closed at the lowest closing price since late November 2023. Bank of America Corp. Reported strong results for first quarter of 2024. Shares of Morgan Stanley rose 2.5% Tuesday.

ETFs that buy bank stocks are under pressure, lagging U.S. equities market

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.

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 KRE 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.

Sorry Campers, The Fed Is Not Riding To The Rescue

Wednesday might have marked a significant turning point for the market and investors. The March CPI report came in slightly hotter than expected. Expectations for cuts to the Fed Funds rates continue to be pushed back. The market seems vulnerable to a significant pullback as credit conditions continue to deteriorate.

Noteworthy ETF Outflows: KRE, RF, HBAN, TFC

An Important Warning For High Yield Investors

High-yield stocks have sold off due to accelerating inflation. The March CPI report shows inflation actually accelerating rather than decelerating. Long-term interest rates are quite possibly too low and will likely continue to rise. The Fed may not be able to cut rates meaningfully for the foreseeable future. This is an important warning for high-y yield investors and some of our top picks.

Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors

Annual Consumer Price Index inflation rate surges to 3.5% in March 2024, surpassing expectations for 3.4%. Core inflation, which excludes energy and food, also exceeded expectations. Investors revise down their expectations for imminent Fed rate cuts. Regional banks and solar stocks fell the most. No sectors managed to escape daily losses.

Wednesday's ETF Movers: QVML, KRE

How The Pieces Add Up: KRE Headed For $56

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.

5 Reasons this Bull Market is in the Early Innings

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.

First Horizon wins upgrade as standalone company as analyst looks past scuttled TD Bank merger

Commercial Real Estate: The Return Of 'Extend And Pretend'

Commercial real estate markets continue to deteriorate with rising default rates and record office vacancy rates. Banks' expected 2024 commercial real estate maturities have risen by 35% to $900 billion. Small and community banks will likely be the most impacted by the continued deterioration in the CRE sector. The return of 'Extend and Pretend' has pushed many loans into 2024. The major banks have little exposure to the CRE market.

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

U.S. Bank Earnings Preview: What To Watch