financials

Shares of Wells Fargo & Co (NYSE: WFC) have declined 16.74 percent over the past six months, dropping to a low of $48.21 on January 19. Susquehanna’s Jack Micenko has upgraded the rating on the company from Neutral to Positive, with a price target of $56. Falling the pullback in...

As big name banks report this earnings season, one theme has become painfully clear: cost cutting. Problems stemming from China's weakening economy and the tumble in commodity prices have left big name banks to fend for themselves by controlling the only thing they can – their own costs....

Real estate investment trusts (REITs) and the corresponding exchange-traded funds faced a trying environment in 2015 as investors anticipated the Federal Reserve's first interest rate increase in nearly a decade, but that did not prevent many investors from searching for yield with REIT ETFs....

Financial services stocks and exchange-traded funds have disappointed in the wake of the Federal Reserve's December interest rate hike, the first such action by the U.S. central bank in nearly a decade. For example, the Select Sector Financial Slct Str SPDR Fd (NYSE: XLF), the largest...

With all the fanfare and hype surrounding the Federal Reserve raising interest rates this year, the first such move in nearly a decade, it is not surprising that financial services stocks and the corresponding exchange-traded funds have been decent performers. For example, Select Sector Financial...

The Federal Reserve is just days away from raising interest rates for the first time in nearly a decade. At least that is the point of view being reflected by Fed funds futures. That point of view is also being reinforced by investors' enthusiasm for financial services exchange funds, namely...

Leon Cooperman's Omega Advisors hedge fund published a letter detailing the fund structure and objectives. The fund's top holding is Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) and represents 4 percent of total assets. Cooperman noted that he expects U.S. equities to deliver a 6 to 8 percent total...

The latest fund flow data show investors continue to favor the energy sector. Healthcare and financials have seen heavy selling in recent weeks. Despite a 3.3 percent gain by the S&P 500, Bank of America reports net outflows of $1.7 billion last week. The client flow data is in for the first...

While the technology sector grapples with earnings disappointments this week, financial stocks have quietly plodded to new 2015 highs. The Select Sector Financial Slct Str SPDR Fd (NYSE: XLF) has over $20 billion dedicated to 90 large-cap bank, brokerage, REIT and consolidated financial...

Analysts at Bank of America released a list on Friday detailing their top 10 favorite stocks across 10 sectors for 2015. The full list includes: Consumer Discretionary: General Motors Company (NYSE: GM) due to its healthy yield with a potential to grow dividends. Consumer Staples: Wal-...

A group of analysts at Morgan Stanley released their top investment ideas in financials post third quarter earnings. The analysts like owning shares of Bank of America Corp (NYSE: BAC) and Citigroup Inc (NYSE: C) within the large-cap space while Visa Inc (NYSE: V) is preferred in payments....