Of the world’s 15 largest banks, the top four are based in China. These four giants topped the list in 2016 and in 2017, so it’s no surprise at all that there has been no change at the top.
The top four banks Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China have combined assets totaling $13.637 trillion, up by $1.727....More>>>
Even though BTC prices have dropped 40.48%, from $14,112.20 on Jan. 1 to $8,398.41 today (May 14), we aren’t worried.
Yes, if you jumped in around January and have watched the Bitcoin prices plummet, you probably have the urge to sell all your coins or avoid the crypto market entirely.
That could be a costly mistake…
There are developments happening right now....More>>>
For a moment, it looked like better times were on the way for Wells Fargo & Co (NYSE:WFC). Between late November and late January, Wells Fargo stock gained almost 25%. A series of regulatory missteps seemed behind the company, and WFC stock looked set to finally join in the long-running rally in big bank stocks.
Then the Federal Reserve announced sanctions on Wells Fargo and the rally....More>>>
The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the major financial institutions in the United States are a good barometer of the current state of U.S. markets.
So when short sellers make a play against these major banks, they are effectively betting for a downturn. Conversely,....More>>>
U.S. stock futures are mixed this morning. Wall Street is digesting another round of corporate earnings ahead of a potentially volatile political weekend.
Specifically, General Electric Company (NYSE:GE) is lifting the Dow Jones Industrial Average after beating first-quarter earnings estimates. However, the political scene could heat up significantly. The Department of Justice turned over....More>>>
The prospect of big bank deregulation in light of the outrageous ongoing criminal activity – because that’s what it is – at Wells Fargo & Co. (NYSE: WFC) makes me cringe.
Last week, the U.S. Federal Reserve, the principal regulator of America’s systemically important financial institutions (SIFIs), proposed the first big bank-friendly....More>>>
In his seminal paper on portfolio management, Harry Markowitz had identified risk and return as the two most important variables in investment decision making. Any rational investor is supposed to minimize his risks, while maximising his return. However, risk and return go hand in hand. Hence, most of the times, it is extremely difficult to find investments that give superior risk-adjusted....More>>>
Small-cap stocks have been a reliable way for investors to outperform the S&P 500 for a long time.
In the last 17 years the iShares Core S&P Small Cap (NYSEARCA:IJR) has gained 335%. That’s more than a 300% premium to the 74% return of the SPDR S&P 500 ETF (NYSEARCA:SPY) over the same period.
This huge discrepancy is shown below.
However, over the....More>>>
We know higher rates are coming. We know Trump is pro-business. We know there will be less regulation. We know those are the reasons why Bank of America (NYSE:BAC) has risen 32% since the election. But what’s past is past; investors need to make a decision today whether to hold the stock or to seek better returns elsewhere. In my previous article I talked about how I don’t see....More>>>
Last October, we issued a trading call to buy Bank of America Corp. (NYSE: BAC) on the drop to $15. This was shortly before the stock rallied to its 52-week high at $25.50, which generated gains of over 61%. Over the past few weeks, we have seen the market give back some of those gains, and we have received messages from readers asking whether it still makes sense to be holding these positions.....More>>>