Banks and Financial Stocks: 2010

Monday, May 10, 2010

Bank of America $17.21

are currently 3 technical BUY signals:
There are currently no technical SELL signals
17.21 +1.03 (6.37%) 52Wk Range: 10.54 - 19.86
http://www.clickcharts.com/Default.aspx?SID=BAC

Saturday, May 8, 2010

AMER EXPRESS INC "AXP' $40.60 Very Bad Week for Dow

$40.60 -1.90 (4.47%) 52Wk Range: 21.69 - 49.19

BLOOMBERG

Monday, May 3, 2010

GOLDMAN SACHS GRP "GS" $149.50

GOLDMAN SACHS GRP
149.50 +4.30 (2.96%) 52Wk Range: 125.02 - 192.76

JP MORGAN CHASE

There are currently no technical SELL signals
43.53 +0.95 (2.23%) 52Wk Range: 31.48 - 48.20
JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.

Tuesday, April 20, 2010

Goldman Sachs "GS:" $160.02" Double Earnings

The Goldman Sachs Group, Inc. (NYSE: GS) today reported net revenues of $12.78 billion and net earnings of $3.46 billion for its first quarter ended March 31, 2010. Diluted earnings per common share were $5.59 compared with $3.39 for the first quarter of 2009 and $8.20 for the fourth quarter of 2009. Annualized return on average common shareholders’ equity (ROE) (1) was 20.1% for the first quarter of 2010.Business Highlights

The firm continued its leadership in investment banking, ranking first in worldwide announced and completed mergers and acquisitions (2) and public common stock offerings (3) for the year-to-date.
Fixed Income, Currency and Commodities (FICC) generated quarterly net revenues of $7.39 billion, reflecting strength in the franchise across products and regions.
The accrual for compensation and benefits expenses was 43.0% of net revenues for the first quarter of 2010, down from 50.0% for the first quarter of 2009. The ratio of compensation and benefits to net revenues for the first quarter of 2010 is the firm’s lowest ever first quarter ratio, 650 basis points lower than the firm’s historical reported first quarter average ratio of 49.5%.
Book value per common share increased 4% during the quarter to $122.52 and tangible book value per common share (4) increased 3% during the quarter to $111.41.
The firm continues to manage its capital conservatively._____________