Banking Sector

Banking Sector
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Why These 3 Unloved Banking Stocks Are Buys After Earnings

Investors may be down on banking stocks, but one expert says there’s an opportunity with these 3 names in the sector.

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Jobless Claims Unexpectedly Jump As Recovery Loses Steam

Plus, the tussle over a stimulus deal continues, Morgan Stanley delivered an earnings beat, and Fastly shares plummet after delivering downbeat third-quarter guidance.

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Goldman Sachs Just Reported A Monster Earnings Beat

Plus, earnings results weren’t so good for Bank of America and Wells Fargo, stimulus is looking evermore unlikely prior to the election, and Apple unveiled its newest iPhones.

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Earnings Season Kicks Of With Better-Than-Expected Results From JPMorgan & Citigroup

Plus, Delta reported a $5.4 billion loss, AMC said it could run out of money by early 2021 as movie theaters continue struggle amid the ongoing coronavirus, and Disney announced a reorganization to focus its media and entertainment business on streaming.

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IBM Shares Soar After Announcing Spin-Off Of Its IT Infrastructure Unit

Plus, jobless claims were worse than expected, Regeneron submitted an emergency use authorization request to the FDA for its antibody cocktail, and Morgan Stanley is buying Eaton Vance.

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Stimulus Talks May Reach A Fork In The Road Today As The Trump Administration Mulls New Democratic Stimulus Proposal

Plus, global coronavirus cases surpassed 1 million, JPMorgan will pay $920 million to resolve probes related to ‘spoofing’ by its traders, and Nikola shares are down again this morning on assault allegations against former Chairman Milton.

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Even As Banks Fell This Week, Experts Say This 1 Stock Is The Star Of The Sector

While the banking sector took a hit this week after a report alleged international banks moved $2 trillion in illicit funds over the last two decades, 1 stock in the sector is investor’s best bet now.

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Nikola Shares Plummet After Founder Milton Resigns

Plus, President Trump ok-ed the deal between Oracle and ByteDance for TikTok’s U.S. operations, bank stocks are down following a report detailing $2 trillion in transactions of possible money laundering, and Microsoft is buying the video game publisher of Fallout and The Elder Scrolls.

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Restoration Hardware Shares Up More Than 20% On Analyst Upgrade

Plus, weekly jobless claims were higher than expected, AstraZeneca said it still expects to know whether its coronavirus vaccine will be safe and effective before the end of this year, and LVMH is suing Tiffany.

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