Banks

This company stock (LSE:RBS) is currently at a turning point (a rally to be precise) as would be shown in the technical explanation below. However, the overall trend in this year has been largely southward. The stock had been falling before the rally that happened in late July 2012 began. Seeing this, institutional traders could […]

The company stock has been bearish in 2012 and has continued to be so. Many fundamental reasons are responsible for this, some of which are directly and indirectly related to Barclays itself. Verba volant, scripta manent (words fly away, writings remain), as scholars agree. The primary trend is down, and mean reversion techniques could be […]

Barclays plc (LSE:BARC) Chairman, Marcus Agius, apologised on behalf of the universal bank once again, for the scandals that not only hit it but the greater UK financial sector in the past weeks, as the company reported its half year results. Sorry may seem be the hardest word but that’s probably the only appropriate thing […]

Investors responded fairly well to Lloyds Banking Group’s (LSE:LLOY) first half report, even though the company reported a net loss of £676 million.  Share price was up 0.32 pence to 29.60 by 1:00 pm, having peaked at 29.86 at the noon hour. No Magic Wands With the problems facing the banking sector in general and […]

Was Robby Burns thinking of the Royal Bank of Scotland (LSE:RBS) when he wrote that “the best-laid schemes o’ mice an’ men Gang aft agley?”  RBS is continuing to try to regain its footing after its £45 billion government bailout.  The bailout was not without obligations.  As it strategises to meet some of those obligations, […]

Morgan Stanley (NYSE:MS) today reported its second-quarter financial results. The New York City-based company reported a sharp decline in second-quarter profit. MS’s revenue for the quarter also fell sharply, sending the stock down sharply in trading today.

Lloyds Banking Group plc (LSE:LLOY) has agreed to sell 632 of its branches, including the TSB and Cheltenham & Gloucester brands, to the Co-operative Group plc for £350 million.  The deal will make The Co-operative Group a major competitor in British banking, as it will represent 7% of the UK banking network with about 4.8 […]

U.S. Bancorp (NYSE:USB), one of the largest regional banks in the U.S., reported an 18% increase in its second quarter profit. The bank lowered its credit costs and posted robust revenue growth in the second quarter of 2012.

Wall Street giant Goldman Sachs Group Inc. (NYSE:GS) today reported an 11% decline in its second-quarter profit as investment banking revenue fell due to a slowdown in M&A activity.

Bank stocks rose sharply in trading on Friday after JP Morgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) reported solid second-quarter financial results.