DPST News and Press, Direxion Daily Regional Banks Bull 3X Shares From 03/20/20

Recent History It has been Goldilocks times for banks in the last two years. Profits have been strong, loans have grown, interest margins have been solid, and problem loans have been low. Two items of note have occurred in the past two years. The biggest item was the tax rate cut effecti...

Traditional banks risk losing billions of dollars in retail revenue in the next three to five years as new competitors lure customers with no-fee banking services and regulators in some markets demand simple banking fee structures, according to a report by Accenture. More news on: SPDR S...

Even before coronavirus clouded the global economic outlook, Odeon Capital analyst Dick Bove was warning that the banking industry's business model was changing radically and would result in lower margins and profits for most of the companies in the sector. More news on: Financial Select S...

The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency extend the public comment period for proposed changes to the Community Reinvestment Act by an addition 30 days to April 8, 2020. More news on: SPDR S&P Regional Banking ETF, SPDR S&P Bank ...

Five federal financial regulatory agencies are seeking public comment on a proposal to ease the Volcker Rule's general prohibition on banking institutions from investing in or sponsoring hedge funds or private equity funds, known as "covered funds." More news on: SPDR S&P Regional ...

Keefe, Bruyette & Woods analysts Brian Gardner and Fred Cannon reiterate overweighting small- and mid-cap banks and underweighting universal banks in the wake of U.S. attacks in Iraq that killed a top Iranian general. More news on: Bank7 Corp., BOK Financial Corporation, Cadence Bancor...

Keefe, Bruyette & Woods analysts Frederick Cannon and Paul O'Toole see large banks' recent outperformance vs. small banks as "overdone" and "in the process of reversing." More news on: The Bank of New York Mellon Corporation, State Street Corporation, Northern Trust Corporation, Financ...

U.S. banks' business lending activities have stalled in H2 2019, crimped by an industrial slowdown and cheap financing available in the capital markets. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ET...

Originally published on December 10, 2019 Ever since the secured overnight repo rate ((SOFR)) spiked to 10% in September, there have been dire warnings that these exceptional movements show the financial system is fundamentally broken. The story goes that the post-crisis financial system i...

Diversified big bank stocks have been on a roll since the start of earnings season. Following EPS beats, Bank of America ( BAC ), JPMorgan Chase ( JPM ), Morgan Stanley ( MS ), and US Bancorp ( USB ) are up at least +10.0% each. The Solactive Big Banks Index (biggest 10 U.S. Banks by market ca...