Banks Are Strong Financially. Why Earnings Don’t Reflect It.
Last year’s earnings were inflated as banks released billions of dollars they had earmarked for soured loans.
Recent
Ditch Risk Is the Second Half Mantra as Recession Spooks Traders
Global risk assets were at the epicenter of a selling spree Friday as investors kicked off the second half of the year.
JPMorgan Exits Nickel Saga as Tycoon Shrinks ‘Big Short’
JPMorgan Chase & Co. no longer has any exposure to the nickel bet that rocked global metals markets earlier this year.
Metals Haven’t Crashed This Hard Since the Great Recession
Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries.
Wall Street’s Classic Strategy Set for Worse Quarter Than 2008
Time-honored method of allocating 60% to equities and 40% to fixed income has plunged about 14% so far this quarter.
Number of Underwater Russell 3000 Stocks Surges to Record
Number of Russell 3000 companies, excluding financial firms, trading below cash has surpassed month-end record set during the global financial crisis.
Two-Thirds of Investors Think Oil Remains the Biggest Winner in 2022: BofA Survey
Majority of the 266 investors surveyed by Bank of America Global Research think "black gold" is going to remain the year's biggest winner.
