BNKU News and Press, MicroSectors U.S. Big Banks Index 3X Lev From 10/02/19

For Morgan Stanley ( MS -2.1% ), Bank of America ( BAC -1.2% ), and Wells Fargo ( WFC -0.6% ), the commission rates price war will cut 2020 EPS by ~2.3%-6.6% in a worst-case scenario, estimates KBW analyst Brian Kleinhanzl. More news on: Morgan Stanley, Bank of America Corporation, W...

Lagging deposit repricing, tight lending spreads, and lower yield curve across all points are putting pressure on banks' net interest margins, writes Credit Suisse's Susan Roth Katzke in a note. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Di...

The Federal Reserve Bank of New York said it's looking at why banks with excess cash failed to lend to the overnight money market this week, causing the Fed to step in to provide liquidity through overnight repurchase operations, the Financial Times reports. More news on: BMO MicroSect...

The Federal Deposit Insurance Corporation, one of the U.S. government agencies that regulate banks, proposes easing a post-financial crisis restriction that determines how much cash big banks should set aside to safeguard derivatives trades between affiliates. More news on: Financial Sel...

The 10-year Treasury yield whooshed lower earlier today after the ECB announced a rate cut and new wave of QE. That's reversed in a big way, with the yield now higher by 5.5 basis points on the session to 1.79%. TLT   -0.7% , TBT   +1.4% More news on: iShares 20+ Year Treas...

For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income of $62.6B in Q2 rose 4.1% Y/Y, led by higher net interest income. More news on: SPDR S&P Regional Banking ETF, SPDR S&P Bank ETF, iShares U.S....

David Beckworth : Our guest today is Thomas Hoenig. Tom was Vice Chair of the FDIC from 2012 to 2018, and then 20 years prior to that he was president of the Kansas City Federal Reserve Bank. Tom is currently a distinguished senior fellow at the Mercatus Center at George Mason University, whe...

Mutual funds are the most overweight in financials across all sectors, according to a Goldman Sachs analysis of 597 equity mutual funds with $2.6T of assets under management based on positions by the end of Q2. More news on: Citigroup Inc., The PNC Financial Services Group, Inc., U.S. Ba...

The Financial sector has been an overweight for some time in client accounts, and it's hurt performance for the last two years, or since Jan 1, '18. Clients' biggest financial weighting has been Schwab (SCHW) given its asset-gathering prowess (and it is our only 3rd party client custodian) a...

During the first six months of the year, European banks earned a combined US$13.3 billion worth of investment banking fees - down 14% from this time last year, which makes it the lowest first half-year level since 2016, according to analysis by Refinitiv . In the first six months of 2016, Eur...