FNCL News and Press, Fidelity MSCI Financials Index From 03/23/20

Forgetting energy, the financials ( XLF   -8.9% ) got hit harder than any sector today after the Fed more or less pledged to buy nearly any piece of paper out there with freshly minted dollars. More news on: Financial Select Sector SPDR ETF, Bank of America Corporation, Citigroup In...

Among the new ammo the Federal Reserve announced this morning is the return of a financial crisis-era tool, term asset-backed securities loan facility (TALF). More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Sha...

If the the five industries most stressed by the coronavirus and oil price slump were to draw as much as 70% from their lines of credit, that could pull a total of ~$700B from the six biggest banks' liquidity pools, or close to 16% of lenders' cash-like holdings at the end of last year, Blo...

Baird analyst David A. George sees the Fed's 100-basis point rate cut creating ~15% headwind for banks' EPS. More news on: Bank of America Corporation, The Bank of New York Mellon Corporation, Citigroup Inc., Financial stocks news, News on the U.S. economy, Stocks on the move, News on ETFs...

In the 1980s, I founded a boutique investment research firm in Manhattan, and published institutional research I called “Contrarian Research.” I spent a lot of time in the oil patch, and lost more than my unfair share of money there. Of the bad bets, of which there were several, ...

The New York Fed's Open Market Trading Desk accepts all $123.6B of securities submitted under its expanded overnight repurchase agreement ((repo)) operations. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Sha...

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...

U.S. bank stocks dip along with the slide in long-term Treasury yields, pulling the Financial Select Sector SPDR ETF (NYSEARCA: XLF )  down 0.8% . More news on: Financial Select Sector SPDR ETF, Bank of America Corporation, Citigroup Inc., Financial stocks news, Stocks on the move, Ne...

S&P Global Ratings expects banks' revenue and earnings to be pressured by low rates. 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, Earnings news and commentary, News on ET...

In my previous article, Building A Retirement Portfolio , I shed light on my financial goals, investment methodology, portfolio, and income generated through November 2019. I also gave some background information to my personal life and my financial situation to give a better understanding of...