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  • Nov. 17, 2011, 6:50 PM
    Fitch has it wrong, U.S. banks could actually wind up benefitting from Europe's debt crisis, says Rochdale's Dick Bove, He cites two reasons: First, U.S. banks have a relatively low level of exposure to European banks. Second, the problems facing European banks could actually drive business to seek healthier institutions in the U.S. His top picks: PNC Financial (PNC) and Fifth Third Bancorp (FITB). Both get hit when Europe erupts, but neither are heavily exposed to European banks.
    | Nov. 17, 2011, 6:50 PM | 17 Comments
  • Nov. 11, 2011, 7:12 PM
    Despite its problems, Bank of America (BAC) can be (and is being) fixed, says MarketWatch's Hilary Kramer. Its just a matter of streamlining costs, shoring up its consumer unit - a critical component of the banks future - and rebuilding its public trust. She sees the bank doing just that, and anticipates the stock moving back up to $12 in 2012.
    | Nov. 11, 2011, 7:12 PM | 19 Comments
  • Nov. 8, 2011, 12:26 PM
    Ticker Wars: When State Street (STT +1.4%) moved its financial index ETFs to S&P from Keefe, Bruyette and Woods it decided to bring along a valuable asset with it...the tickers for 5 funds. Though the names of the funds have now changed, all-important tickers such as KBE and KRE draw in more liquidity from investors familiar with the older symbols than newly-minted ETFs struggling to replace the departed funds.
    | Nov. 8, 2011, 12:26 PM | Comment!
  • Nov. 2, 2011, 4:59 PM
    Wells Fargo (WFC) agrees to buy a $3.3B portfolio of 61 performing U.S.-based commercial real estate loans from Irish Bank Resolution Corporation, formerly Anglo Irish Bank (AIB).
    | Nov. 2, 2011, 4:59 PM | Comment!
  • Oct. 31, 2011, 1:36 PM
    SunTrust (STI -2%) becomes the next in line to dump the monthly fee on its debit cards. The bank will stop the charges beginning Nov. 2, and give full refunds to customers who have already paid it.
    | Oct. 31, 2011, 1:36 PM | Comment!
  • Oct. 15, 2011, 1:17 PM
    Barron's rings the bell for financials (XLF), (KBE), saying business is improving even as their stocks go in the opposite direction. The TBTF's, regionals (KRE), trust banks, life insurers - all are cheap based on any number of metrics. "No catalyst?" How about better-than-expected earnings, an uptick in the economy, and even some loan growth? "There could be a stampede back into these stocks," says fund manager Matt Lindenbaum.
    | Oct. 15, 2011, 1:17 PM | 29 Comments
  • Oct. 13, 2011, 10:23 AM
    Regional banks stocks (KRE -2.2%) join other financial stocks in pushing lower after JPMorgan's Q3 report sets the tone, and gives fodder for bearish forecasts for the sector. Decliners: FMBI -4.6%, ZION -4.9%, RF -4.6%, WTFC -4%.
    | Oct. 13, 2011, 10:23 AM | 1 Comment
  • Oct. 12, 2011, 11:07 AM
    SocGen recommends overweighting the European banking sector, saying the fears surrounding it are overdone. The firm notes that current valuations are discounting a worst-case scenario, and leave significant upside potential if fears prove excessive. Some of its top picks include: Barclays (BCS +8%), Lloyds (LYG +2.3%), Royal Bank of Scotland (RBS +3.8%)
    | Oct. 12, 2011, 11:07 AM | 2 Comments
  • Oct. 6, 2011, 11:52 AM
    Treasury may have to play a waiting game to get its TARP loans paid back, according to Sandler O'Neill analyst Kevin Fitzsimmons. A fall in stock prices has increased the size of TARP payments relative to market caps, making it trickier for banks to raise money via debt or equity offerings. Banks stuck holding an unwieldy tab: RF, ZION, SNV, BPOP, (full TARP scorecard).
    | Oct. 6, 2011, 11:52 AM | Comment!
  • Oct. 3, 2011, 4:28 PM
    Mitsubishi UFJ Financial Group (MTU -2.5%) issues a statement after the close reiterating its commitment to its long-term strategic alliance with Morgan Stanley (MS -7.7%), noting that the company "remains core" to its global business strategy. Contrarians, take note.
    | Oct. 3, 2011, 4:28 PM | 6 Comments
  • Sep. 26, 2011, 12:56 PM
    Banks are set to earn more, according to a survey by that finds lenders stepping up fees on checking accounts, ATM charges and account overdrafts. Add in to the mix that banks only pay 1.5% or less for deposits and are only selectively lending, begs the question: Is a boom in profits in line for banks that stick to a simple model?
    | Sep. 26, 2011, 12:56 PM | Comment!
  • Sep. 22, 2011, 10:44 AM
    Regional bank stocks (KRE -0.4%) are holding up under the onslaught, especially mid-caps sticking to an easier recipe of managing only a few banks or branches. Select gainers: SCBT +3.9%, CBU 2.9%, CTBI +2.2%, WASH +2%.
    | Sep. 22, 2011, 10:44 AM | Comment!
  • Sep. 16, 2011, 7:25 PM
    Bank layoffs are overblown and the cuts won't be as bad as 2008, says hedge fund recruiter Ilana Weinstein. Most of the big cuts will more than likely come from employee bonus compensation. "It's not that expensive to keep people so long as you don't pay them. I think you’ll have people who are paid absolutely nothing and [the managers are] going to use that money to retain the producers."
    | Sep. 16, 2011, 7:25 PM | 4 Comments
  • Sep. 15, 2011, 6:21 AM
    Don't look now, but leveraged lending activity at U.S. banks is up 74% from a year ago - to $572B YTD - as banks with huge cash hoards seek decent returns. The degree of leverage being used is also up 14%.
    | Sep. 15, 2011, 6:21 AM | 1 Comment
  • Sep. 14, 2011, 12:27 PM
    Bank of America's (BAC) difficulties could mean gains for smaller players like PNC, U.S. Bancorp (USB), and Toronto-Dominion (TD). These lenders can pick up market share as well as assets on the cheap that BofA is unloading. "Whoever is most aggressive ... will benefit," says Chris Thornberg.
    | Sep. 14, 2011, 12:27 PM | 3 Comments
  • Sep. 13, 2011, 8:07 PM
    A Delaware judge has refused - for the second time - to approve Washington Mutual's reorganization plan. In its ruling, the court says it's possible hedge funds supporting the plan engaged in insider trading of WMI securities during the bankruptcy as opponents of the plan claim.
    | Sep. 13, 2011, 8:07 PM | Comment!
KBE vs. ETF Alternatives
KBE Description
The SPDR® S&P® Bank ETF, before expenses, seeks to closely match the returns and characteristics of the S&P® Banks Select Industry Index (ticker: SPSIBK). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Sector: Financial
Country: United States
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