Regional bank U.S. Bancorp, whose loans are moldering like last week's leftovers, on Wednesday reported third-quarter earnings of $603 million and growing revenue. Regional bank Keycorp, whose loans are moldering like last week's leftovers, on Wednesday reported third-quarter losses of $422 million and shrinking revenue. What gives?...
Question-and-Answer SessionOperator (Operator's Instructions) And we go first with Craig Siegenthaler with Credit Suisse. Craig Siegenthaler – Credit Suisse Thanks and good morning. Just a few questions here, first on the nonperforming loan roll forward in the press release, page 28. I am looking at the...
Question-and-Answer SessionOperator (Operator's Instructions) And we go first with Craig Siegenthaler with Credit Suisse. Craig Siegenthaler – Credit Suisse Thanks and good morning. Just a few questions here, first on the nonperforming loan roll forward in the press release, page 28. I am looking at the...
Peter Earlier this week on CNBC banking analyst Meredith Whitney said “I think that the call this year the trade this year has been short the regional banks and go long the capital markets banks.” Can you tell me what was behind that?-- Minyan John John As Whitney highlighted in her later comments her call was based on the enormous amount of liquidity from the Federal Reserve raising asset market prices. What she didn’t detail however was why this would help the capital market banks like Goldman Sachs (GS) Bank of America (BAC) and Citigroup (C) more than the ...
Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.
Today was awesome. Yesterday sucked, but I had a nice time at the golf tournament and was the reason my positions got whacked yesterday as I would have covered in the morning. I should have brought my MiFi card with me and traded out in the morning when EVERYTHING was working right. Index shorts, EWZ [...]
KeyCorp’s (KEY) third quarter loss from continuing operations of 50 cents per share was substantially worse than the Zacks Consensus Estimated loss of 39 cents. This compares unfavorably to a net loss from continuing operations of 2 cents in the prior-year quarter.
Results were primarily hurt by an increase in the provision for loan losses, write-downs [...]
Today kind of sucked due to my EAT calls getting squashed after they reported earnings the stock dropped large. I think I took a 50% hit on them. I sold them.
That loss was offset with the great move in the Dry Shippers today. GNK busted higher and my calls are working well. DSX also recovered [...]
Bought calls in POT (Dec 105), Jan , GILD (Jan 48), KEY (Dec 7), EAT (17.5)
Holding calls in DSX (Dec 15) some loss here, WMT (Jan 55) looking at 27.5% gain in these already.
Bought SUPR, PURE, CPE
Holding ENT, leftover ROYL
Sold a large portion of ROYL for 49.1% gain this morning, kept a small portion to [...]
After enduring extraordinary shocks in 2008, U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation spread to almost the entire financial services industry and all corners of the globe. In other words, the financial crisis ultimately morphed into [...]
Get daily news and insights for the advertising, automotive, energy, financial services, food, health care, media, pharmaceutical, retail, technology, and travel industries.
