FNCL News and Press, Fidelity MSCI Financials Index From 03/07/19

The European Central Bank's dimmer outlook for the eurozone growth and lengthened timeline for when its next rate hike might occur are leading bank stocks lower, with, of course, Europe-based banks bearing the brunt. More news on: iShares MSCI Europe Financials Sector Index ETF, Deutsche B...

U.S. banks' direct exposure to leveraged loans is contained and mitigated, Moody's Investors Service says in a new report. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Financial stocks news, News...

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...

“ Warren Buffett Doubles Down on Big Banks ….” So reads the headlines of the article written by Katherine Chiglinsky and Ben Foldy in Bloomberg LP today. Buffett, as is well known, likes to buy when companies are out-of-favor. In the last part of 2018, this certainly was...

To be fair, we’re only a little more than halfway through the fourth quarter’s earnings season. Much could still change on the proverbial ‘back nine.’ On the other hand, with most of the major names already reporting last quarter’s results, where we are is ...

U.S. consumer credit rose at a seasonally adjusted annual rate of 5.0% in December, bringing the Q4 growth rate to 6.6%, according to the Federal Reserve. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ...

This article provides an impact assessment of the FOMC March 19-20 meeting and a possible rise in the Federal Funds Rate ((FFR)) to 2.75%. The Federal Reserve held the target range for FFR at 2.25-2.5 percent during its first policy meeting of January 2019 and reaffirmed its position to be ...

The latest data point that confirms the deceleration in global and domestic economic activity comes in the form of the Senior Loan Officer Opinion Survey by the Federal Reserve. In this report, responses from 73 domestic banks and 22 U.S. branches of foreign banks were collected from December...

U.S. banks tightened lending standards for commercial real estate loans, while standards and most terms on commercial and industrial loans remained basically unchanged, according to the Federal Reserve's January 2019 senior loan opinion survey on bank lending practices. More news on: Fin...

Banks and other financial companies are pulling back from issuing new corporate bonds, Bloomberg reports. More news on: JPMorgan Chase & Co., Bank of America Corporation, Citigroup Inc., Financial stocks news, News on ETFs, Read more ...