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A nice in move higher in the broad averages leaves the big banks behind. Hit particularly hard...

  • Wednesday, July 18, 2012, 2:42 PM ET
    A nice in move higher in the broad averages leaves the big banks behind. Hit particularly hard is Bank of America (BAC -4.4%), which delivered a nice headline number, but the particulars of its underlying business (and future liabilities) leave less to be excited about. Reporting tomorrow is Morgan Stanley (MS -2.7%)
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This news story has 4 comments:

  •  
    the market is just going up on a short squeeze quality big cap names are not participating...jus thugh multiple "growth" names IBD 50 to be exact
    18 Jul 2012, 02:57 PM Reply Like
  •  
    BoA's earnings are irrelevant. All that matters is their unreported risk.
    18 Jul 2012, 10:37 PM Reply Like
  •  
    BAC January 2021 bond yielded 5.65% 5 months ago...today the bond
    yields 3.85%....what does that tell you??
    19 Jul 2012, 02:54 AM Reply Like
  •  
    It tells me that investors believe that it is more likely to be paid normally.
    19 Jul 2012, 05:09 AM Reply Like
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