Bank ETFs in Focus on Mixed Q1 Earnings

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.

Noteworthy ETF Inflows: XLF, SPGI, AXP, PGR

Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What's Driving Markets Tuesday?

U.S. Major averages display mixed performances as of midday trading Tuesday. The S&P 500 holds steady at 5,200 points, while blue-chip stocks outperform the broader market. Treasury yields continue to kick higher, with the 10-year yield reaching 4.65%. Gold is on track for a record-high close; Bitcoin is down 2.5%.

Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?

Interest rates surged last week on the back of a hotter-than-expected inflation report. The rise in rates last week pushed the 10-year to its highest level since the peak at 5% in October of last year. Gold has been setting new highs, trading above $2400.

Financial Sector Update for 04/16/2024: MCBC, WTFC, MS, BK, XLF, FAS, FAZ

Goldman Sachs Q1 Earnings: A Solid Start To 2024, But Second Half Faces New Uncertainties

Goldman Sachs beat revenue and EPS expectations. The bank has benefited from strong market conditions supporting a rebound of dealmaking activity. The Goldman Sachs Group Inc (GS) reported its latest quarterly results. The investment bank's stock is up more than 20% over the past year. We suggest caution toward the stock as the macro backdrop shifts.

Stocks Stay Afloat On Strong Retail Sales, Middle East Relief; Bonds Drop: What's Driving Markets Monday?

Major U.S. Indices moved sideways in midday trading on Monday in New York. Retail sales report exceeded expectations but tempered expectations for Fed rate cuts. Bond yields spiked to highest in six months after Iran launched airstrikes against Israel on Saturday night. Tesla Inc. Fell 3.4% after announcing plans to lay off employees.

Charles Schwab’s stock falls as earnings and revenue per trade decline

Charles Schwab's Stock Edges Up After Earnings Fall, But Just Top Expectations -- MarketWatch

Shares of Charles Schwab Corp. Gained 0.3% in premarket trading. The financial services and brokerage company reported first-quarter profit and revenue that fell, but just topped expectations. The stock has edged up 1.8% year to date. The company reported strength in its asset management business.

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

PayPal: Misunderstood Growth Story Spells Opportunity

PayPal's new management is making significant changes to improve execution and regain market confidence. The company's tepid forward guidance indicates cautious optimism and a focus on not overpromising and underdelivering. PayPal's stock price has been recovering, but it will still face scrutiny from the market to assess its execution in the next four quarters. PayPal Holdings, Inc. Investors have endured a roller coaster ride after PayPal's weak guidance.

Coinbase, FirstCash, AssetMark post gains in otherwise ugly week for financial stocks

Financial Select Sector SPDR ETF slid 3.6% for the week ended April 12. Life and health insurance company Global Life saw the biggest decline among financial stocks. Argentine bank Grupo Financiero Galicia posted the biggest gain. Cryptocurrency exchange Coinbase Global rose 2%, bucking the broader slump.

S&P 500 notches worst weekly performance since October on sticky inflation woes

S&P 500 notches worst weekly performance since October on sticky inflation woes. The benchmark index retreated 1.56% for the week to end at 5,123.41 points, posting losses in three out of five sessions. This week's decline was primarily due to hotter-than-expected consumer inflation report.

S&P 500: How The Broadening Story Could Push Equities Higher

Banking giants amongst least shorted financial stocks in March

Short interest across S&P 500 financial stocks was 1.53% of shares float as of March 28, up from 1.46% on February 29. Franklin Resources is the most shorted stock in the financial sector. Average short interest across financial sector is up 7.3% from end-February.

Energy, tech, comms among top-rated S&P 500 sectors as Q1 earnings kicks off

Energy, tech, comms among top-rated S&P 500 sectors as Q1 earnings kicks off. Energy, technology and communication services sectors rated highest by Seeking Alpha's Quant system ahead of first quarter earnings season. Lowest-ranked sectors Real estate and consumer staples were the only sectors in the index with a Sell rating.

Even The FDIC Is Getting Worried About Banks

FDIC has recently published its Quarterly Banking Profile for the fourth quarter of 2023. The report reveals a number of issues in the U.S. Banking system. The FDIC is starting to see these issues in their recent data. You have to engage in due diligence regarding the banks that house your hard-earned money.

Is the Banking Sector Booming? 5 ETF Picks

America's Credit Card Slump: Delinquencies Reach 12-Year High As Issuers Lower Credit Limits

Report by the Philadelphia Fed says credit card delinquencies reached the highest on record in the last quarter of 2023. Nearly 3.5% of credit card users carried their balances 30 days past the due date. The fourth quarter of last year was the worst for credit card companies.