This time around most banks are reporting better than expected earnings. However, the stock price reaction has been mixed. Overall, the tone seems to be positive on banking stocks which is clearly reflective in the kind of gains they have seen since the start of the year, almost double than that of S&P. Popular banks...
23 Aug 2011
Posted By: Punit GuptaUnder: Banks, Stock Strategy
Economy is losing grip on recovery; this you must have heard many times since the recovery from 2008 crisis started. There is confusion when it comes to predicting the course of economy, and it is clearly visible in the actions of Traders and Investors, who time and again let the fear ride their investment decisions....
Whodunit could be an easiest resort to look for the culprit behind the fiasco surrounding the doomed banking sector. While governments and economists are busy shoving off the sensitive issue of housing bubble under carpet, there is no arguing that housing bust pain still exists in the minds of many. Nevertheless, the housing market had...
01 Jan 2011
Posted By: Punit GuptaUnder: Banks
The collapse of the CITI Group, known for being a major small business lender seems almost inevitable, after the company’s admission that government’s additional help may not be forthcoming. The Main Street fears the government is unaware of the role played by the company in economy. The government says CITI is not that large a...