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Financial stocks (XLF -0.6%) pare early losses but the sector remains lower amid news that Bank...

Financial stocks (XLF -0.6%) pare early losses but the sector remains lower amid news that Bank of America's (BAC -1.8%) proposal to distribute capital to shareholders in the second half of 2011 was refused by the Fed. Also, analysts cut estimates for Q1 bank earnings after volatile markets caught traders by surprise. WFC -0.2%, JPM -0.2%, C -0.4%, GS -0.6%.
Comments (1)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    This is nothing more than the normal quarterly ebb and flow of analyst drivel which is driven by their big money clients wanting to sheer a few more sheep before quarter end. Don't get caught up in the attempts to stampede the lemmings.
    23 Mar 2011, 02:00 PM Reply Like
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