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☆ Postelection stock market thrust unable to be sustained as rate and valuation worries creep back in
▼ + stars: | 2024-11-16 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX 1M mountain S & P 500, 1 month The S & P is still about 3-4% above levels where chart readers would start to get more concerned about the underlying trajectory. Even in Friday's 1.3% slide in the S & P 500, only two-thirds of all stocks were down on the day and the equal-weight S & P was off a modest three-quarters of a percent. It makes sense that the market wasn't able to summon a sustained thrust of exuberance after the election anxiety evaporated, given the somewhat demanding starting point. A more mature economic and risk cycle and vulnerability to higher rates among smaller, lower-quality stocks mean they aren't likely to lead from here, Pies says. Is the market presciently foretelling an unleashing of transactional fervor that will return Wall Steet's middlemen to their former glory?

Persons: Goldman Sachs, Russell, Jay Powell, Warren Pies, Goldman Organizations: Nasdaq, KBW, ICE, Trump, Federal Reserve, Investors, Bank, 3Fourteen Research, Wall Street Locations: Friday's

☆ ETF world buzzing about new cash flooding into funds seen winning from Trump trades
▼ + stars: | 2024-11-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

"For example, during Trump's previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs." Aggregate Bond ETF (AGG) and Vanguard Total Bond Market Index Fund ETF (BND), two of the world's largest bond ETFs, and longer-term funds like iShares 20+ Year Treasury Bond ETF (TLT). Crypto ETFS having big year and getting bigger Since launching in January, crypto ETFs have attracted roughly $70 billion in assets, one of the most successful ETF launches ever. Bitcoin ETFs including the iShares Bitcoin Trust (IBIT), the largest bitcoin ETF by assets under management, have seen significant inflows since October. Rosenberg at Texas Capital acknowledges that certain ETF sectors, like industrials ( Vanguard Industrials Index Fund ETF , or VIS; iShares U.S. Industrials ETF , or IYJ), "could be hurt by more tariffs."

Persons: Trump, Tom Lydon, John Davi, iShares Russell, ROE, Matt Bartolini, Bartolini, Gavi, Edward Rosenberg, Gary Gensler, Michael Novogratz, Cathie Wood, Todd Sohn, Wood, Davi, Rosenberg, industrials Organizations: Astoria, CNBC, Potential Trump, Bank ETF, Assets ETF, Trump, ETF Research, Street Global Advisors, Regional Bank ETF, Treasury, Aggregate Bond, Vanguard, Fund, Treasury Bond ETF, Texas, SEC, Commodity Futures, Galaxy Digital Holdings, ARK, Innovation, ARKK, Downside, China ETF, Texas Capital, Index, Industrials, U.S, Edge Locations: Astoria, Congress, rulemaking, Coinbase, China, Mexico

☆ 3-Stock Lunch: Trump Media, KBW Bank & First Trust Nasdaq Cybersecurity
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Trump Media, KBW Bank & First Trust Nasdaq CybersecurityJay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Jay Woods Organizations: Trump Media, KBW Bank, First Trust, Freedom Capital Markets

☆ Bank stocks are trouncing the market in October on Trump optimism
▼ + stars: | 2024-10-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank stocks have outperformed in recent weeks as investors see an improved regulatory environment if former President Donald Trump returns to the White House, according to Bank of America. The Invesco KBW Bank ETF (KBWB) , which tracks the KBW Bank Index, has climbed more than 6% since the start of October. By comparison, the S & P 500 has added less than 2% during the same period. "A Republican win would likely be viewed most positive for bank stocks in terms of returning to balance the regulatory environment." Either a Trump win with a split government or a Republican sweep would be seen as bullish for this group of stocks, Poonawala said.

Persons: Donald Trump, Ebrahim Poonawala, Trump, Poonawala, Kamala Harris, Harris, October's Organizations: White, Bank of America, KBW Bank, Republican, Department of Justice, Consumer Financial Protection Bureau, Citigroup, TD Bank, New York Community, Trump . Bank, Trump, Justice Department Locations: Wells Fargo

☆ JPMorgan Chase is set to report third-quarter earnings – here's what the Street expects
▼ + stars: | 2024-10-11 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. The biggest American bank has thrived in a rising rate environment, posting record net income figures since the Fed started hiking rates in 2022. Now, with the Fed cutting rates, there are questions as to how JPMorgan will navigate the change. Last month, JPMorgan dialed back expectations for 2025 net interest income and expenses, and analysts will want more details on those projections. Wells Fargo is scheduled to release results later Friday, while Bank of America , Goldman Sachs , Citigroup and Morgan Stanley report next week.

Persons: Chase Jamie Dimon, JPMorgan Chase, Jamie Dimon's, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: Chateau, JPMorgan, LSEG Revenue, Trading, American, Fed, KBW, Bank of America, Citigroup Locations: Versailles, Paris, Wells

☆ An analyst upgraded Morgan Stanley to a buy. Why we're not ready to follow suit
▼ + stars: | 2024-10-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Dealmaking activity has picked up, but it's not been enough to fully unlock Morgan Stanley shares. Morgan Stanley ended Friday within a dollar of its all-time closing high of $108.73 reached back in February 2022. Friday's positive developments are welcome news – but not enough to add clarity on our path forward for Morgan Stanley. For the time being, the Club is taking a wait-and-see approach with Morgan Stanley stock. If there is a surge in IPO and M & A activity that HSBC forecasted, Morgan Stanley is well-positioned to benefit.

Persons: Morgan Stanley, Jim Cramer, Morgan Stanley's, Jim, Goldman Sachs, it's, Wells, We're, Morgan, Banks, Dan Simkowitz, Jim Cramer's, Bing Guan Organizations: HSBC, KBW, CNBC, Bloomberg, Getty

☆ Here's what Morgan Stanley, Wells Fargo stand to gain from lower interest rates
▼ + stars: | 2024-09-18 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

The Club has stayed with Morgan Stanley on expectations that its investment banking outfit will flourish again. At Wells Fargo , the Club's other financial name, lower rates should help its burgeoning investment banking business. Wells Fargo shares year-to-date have performed better than Morgan Stanley, gaining 11%. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Corporate and Investment Banking division makes up 23% of overall revenue. To be sure, Wells Fargo management said during July's second-quarter earnings call that the bank will continue to de-risk its office portfolio.

Persons: Banks, Erica Groshen, Morgan Stanley, Morgan, Jim Cramer, Jim, Goldman Sachs, Charlie Scharf, Wells, July's, Jim Cramer's, Jerome Powell, William McChesney Martin, Chip Somodevilla Organizations: Federal Reserve, New York Fed, CNBC, Cornell University, Fed, Investment, Morgan Stanley's Institutional Securities, Morgan Stanley's, Wells, Investment Banking, CIB, Federal Reserve Bank, Getty Locations: Wells Fargo, Wells, Washington ,

☆ Investors may be looking at commercial real estate risk all wrong and missing these opportunities
▼ + stars: | 2024-06-16 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

The threat from a looming wave of maturing commercial real estate loans has been well telegraphed to investors, but it's possible the metrics they are using to protect themselves from risk are flawed. Many investors have been avoiding bank stocks with high concentrations of commercial real estate (CRE) exposure. Investors have been punishing regional bank stocks, especially when the bank's commercial real estate exposure tops more than 300% of its total equity . While the latter two have some exposure to New York City real estate, both banks benefit from strong management teams, he said. (New York real estate markets are navigating both falling office values as well as the dynamics of rent-regulated multifamily properties.)

Persons: Erika Najarian, Stephens, Matt Breese, Breese, Webster, Najarian, Piper Sandler, Scott Siefers, Siefers, generalists Organizations: Owners, KBW, Regional Banking, UBS, Federal Deposit Insurance Corp, Federal Reserve, Kansas City Fed, NBT Bancorp, Webster, National Bancorp, Micron Technology, Financial Group, Citizens Locations: New York City, York, . Connecticut, New, New York, Providence, R.I

☆ JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects
▼ + stars: | 2024-04-12 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC's "Squawk Box" at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. JPMorgan Chas e is scheduled to report first-quarter earnings before the opening bell Friday. Still, large banks are expected to outperform smaller ones this quarter, and expectations for JPMorgan are high. Analysts believe the bank can boost guidance for 2024 net interest income as the Federal Reserve is forced to maintain interest rate levels amid stubborn inflation data. Shares of JPMorgan have jumped 15% this year, outperforming the 3.9% gain of the KBW Bank Index.

Persons: Jamie Dimon, JPMorgan Chas, Goldman Sachs, Morgan Stanley Organizations: JPMorgan Chase, JPMorgan, LSEG Revenue, Trading, Federal Reserve, Analysts, Federal, KBW, Wells, Citigroup, Bank of America Locations: Davos, Switzerland, Wells Fargo

☆ It's been one year since SVB's collapse sent shockwaves through the banking sector. Here's where the industry and our financial names stand now
▼ + stars: | 2024-03-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

It's been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. Wells Fargo shares got a big boost after a key win with regulators in mid-February. It would allow Wells Fargo to finally grow its assets again and help rake in more profits. MS YTD mountain Morgan Stanley (MS) year-to-date performance Conversely, the Club's other bank stock, Morgan Stanley , has been lagging in 2024 — down 7% year to date. A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.

Persons: It's, SVB, NYCB, Steven Mnuchin's, Wells Fargo, Wells, they've, Scott Siefers, Piper Sandler, we're, Charlie Scharf, Morgan Stanley, Morgan Stanley's underperformance, management's, Ted Pick, Jim Cramer, Morgan Stanley's, Morgan, Jim, Reddit, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Silicon Valley Bank, shockwaves, Bank, , New, , New York Community, Strategic Capital, Wells, Wells Fargo, Currency, Federal Reserve, CNBC, Club, Management, Morgan Stanley's IB, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Silicon, Wells, ,, , New York, Wells Fargo

☆ Wells Fargo has cleared 6 regulatory hurdles since Charlie Scharf took over as CEO in 2019. Here’s how shares reacted to each
▼ + stars: | 2024-03-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. Wells Fargo stock gained 59% for all of 2021 compared with the KWB's 36% rise. Jan. 5, 2021: During the same year, Wells Fargo announced that an OCC consent order from 2015 had been terminated. Wells Fargo shares plunged nearly 44% in 2020, which were the early days of the Covid pandemic. Wells Fargo bank signs in New Brighton, Minnesota.

Persons: Charlie Scharf, Wells, Morgan Stanley, they've, Scott Siefers, Piper Sandler, we're, Scharf, Wells Fargo, Jeff Marks, Marks, Jan, Jim Cramer's, Jim Cramer, Jim, Michael Siluk Organizations: Management, CNBC, Federal Reserve, Currency, JPMorgan Chase, Bank of America, KBW, Club, OCC, Wells, Financial Protection Bureau, Silicon Valley Bank, Wells Fargo, UCG, Getty Locations: Wells Fargo, Wells, Silicon, New Brighton , Minnesota

☆ Banks are being rocked again as real estate losses mount
▼ + stars: | 2024-02-01 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

The regional lender set aside $552 million in the fourth quarter to absorb loan losses, up from $62 million in the previous quarter. The increase was driven partly by expected losses on a loan used to finance an office building, it said. ET as shares in NYCB, as well as other regional banks, suffered sharp losses. Much bigger players are girding themselves for losses linked to commercial real estate. Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, is up 23% since a low in late March.

Persons: Thomas Cangemi, Brendan McDermid, Julius Baer, Philipp Rickenbacher, Arnd Wiegmann, Reuters Philip Lawlor, ”, “, ” Lawlor, CNN’s Matt Egan Organizations: London CNN, Credit Suisse, New York Community Bancorp, New York Stock Exchange, Japan’s Aozora Bank, Federal Reserve, ”, CNN, Signa Group, Chrysler, Reuters, Deutsche Bank, Bank, Suisse —, UBS, Wilshire Indexes, KBW Locations: Europe, New York, Tokyo, Zurich, California, Republic, NYCB, Banc, Swiss, Austrian, Switzerland

☆ Oppenheimer says bank stocks are ‘significantly undervalued’ and gives its top picks
▼ + stars: | 2024-01-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

It's time for investors to shake off the fear of bank stocks created by last year's deposit outflows and regional bank failures, according to Oppenheimer. Analyst Chris Kotowski said in a report to clients on Tuesday that bank stocks are "significantly undervalued," highlighting that the KBW Bank Index finished 2023 down 4.8% for the year, or 29 percentage points behind the S & P 500. That gap is too large to justify even with the collapse of a few regional banks such as Silicon Valley Bank, Kotowski said. The firm's top two bank stocks are Goldman Sachs and Jefferies , both of which can serve as a bet on a rebound in the capital markets business. Kotowski also recommended several other large bank stocks, including Bank of America , JPMorgan Chase and U.S. Bancorp .

Persons: Oppenheimer, Chris Kotowski, Kotowski, Goldman Sachs, David Solomon, Jefferies, Goldman, JPMorgan Chase, —, CNBC's Michael Bloom Organizations: KBW, Silicon Valley Bank, Jefferies, Goldman, LSEG, Bank of America, JPMorgan Chase, U.S . Bancorp, JPMorgan Locations: Silicon, LSEG

☆ JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
▼ + stars: | 2024-01-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of failed regional banks last year. The bank said quarterly earnings slipped 15% to $9.31 billion, or $3.04 per share, from a year earlier. Excluding the fee tied to the regional banking crisis and $743 million in investment losses, earnings would have been $3.97 per share, according to JPMorgan. The bank said it generated nearly $50 billion of profit in 2023, $4.1 billion of which came from First Republic. The Federal Deposit Insurance Corporation hit large U.S. banks with a special assessment to replenish losses from a fund that helped uninsured depositors of seized regional banks.

Persons: JPMorgan Chase, Jamie Dimon, Dimon Organizations: JPMorgan, LSEG, Revenue, First, First Republic, Federal Deposit Insurance Corporation, Federal Reserve, Fed, KBW, CNBC PRO Locations: U.S, First Republic, Ukraine

☆ Hedge funds short US financial stocks at near record levels -Goldman Sachs
▼ + stars: | 2023-11-10 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 10 (Reuters) - Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs (GS.N) said on Friday, without citing the underlying reasons. The ratio between long and short positions is at a historical low, below 1.7 times. Overall, hedge funds are underweight financials, at the lowest level since May 2020, Goldman Sachs said. Reporting by Carolina Mandl in New York; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Goldman Sachs, Financials, Carolina Mandl, Richard Chang Organizations: Wall, REUTERS, Global, ., Bank, KBW Bank, Carolina, Thomson Locations: New York, U.S

☆ JPMorgan Chase stock slips after bank says CEO Jamie Dimon is selling 1 million shares
▼ + stars: | 2023-10-27 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon will begin to sell one million shares of the bank he runs next year, the company said Friday in a filing. He has also spent his own money snapping up JPMorgan shares in the past. Shares of the bank slipped 2.5% in morning trading, worse than the 0.8% decline of the KBW Bank Index. Starting in 2024 they currently intend to sell 1 million shares, subject to the terms of a stock trading plan. Mr. Dimon will use stock trading plans to sell his shares, in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934.

Persons: Jamie Dimon, Dimon, Wells, Mike Mayo, Mayo, Dimon's Organizations: JPMorgan, KBW, New, Securities, Exchange Locations: New York

☆ Big banks are done reporting earnings. Here’s how our financial names performed against peers
▼ + stars: | 2023-10-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Morgan Stanley vs. Goldman Sachs MS YTD mountain Morgan Stanely YTD Morgan Stanley reported better-than-expected third-quarter results on Wednesday. GS YTD mountain Goldman Sachs YTD As a point of comparison, outside our portfolio, Goldman Sachs on Tuesday also reported stronger-than-expected quarterly revenue and profits . Wells Fargo vs. JPMorgan WFC YTD mountain Wells Fargo (WFC) year-to-date performance On the money center side, Wells Fargo reported stellar quarterly results on Friday, Oct. 13, topping analysts' expectations for both earnings and revenues. Wells Fargo got a boost from better-than-expected net interest income and non-interest income, along with a decline in non-interest expenses. A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.

Persons: Morgan Stanley, Goldman Sachs, Jeff Marks, Wells Fargo, Wells, Morgan Stanley's, Morgan Stanely YTD Morgan Stanley, Marks, they've, James Gorman, Goldman, David Solomon, Mike Santomassimo, Jamie Dimon, Jim Cramer's, Jim Cramer, Jim, JPMorgan Organizations: JPMorgan, CNBC, Federal Reserve, Goldman, JPMorgan WFC, JPMorgan Chase, Citibank, Bank of America, Reuters Locations: Wells, Wells Fargo

☆ Goldman Sachs is set to report third-quarter earnings — here's what Wall Street expects
▼ + stars: | 2023-10-17 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

David Solomon, chief executive officer of Goldman Sachs Group Inc., at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Here's what Wall Street expects:Earnings: $5.31 a share, according to LSEG, formerly known as RefinitivRevenue: $11.19 billionTrading revenue: fixed income $2.8 billion, equities $2.73 billion, per StreetAccountInvestment banking revenue: $1.48 billionIs Wall Street deal-making on the mend? Among its big bank peers, Goldman Sachs is the most reliant on investment banking and trading revenue. Last week, Goldman said that its sale of lending business GreenSky will result in a 19 cents per share hit to third-quarter results.

Persons: David Solomon, Goldman Sachs, it's, That's, Goldman, Wells, Morgan Stanley Organizations: Goldman Sachs, Inc, Goldman Sachs Financial Services, Investment, Federal Reserve, Apple Card, KBW, JPMorgan, Citigroup Locations: New York, Wells Fargo

☆ Here are 3 things to watch in the stock market after a very difficult week
▼ + stars: | 2023-10-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +10 min

MS YTD mountain Morgan Stanley YTD We certainly hope Morgan Stanley's numbers are as good as Friday's report from our other bank holding Wells Fargo (WFC). Morgan Stanley is expected to grow revenue by more than 2% year over year to $13.2 billion in the third quarter. During a recent conference, Morgan Stanley executives said that capital markets will likely improve in 2024. Shares of Morgan Stanley have struggled this year, dropping more than 8% compared to the S & P 500's nearly 13% advance in 2023. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, WTI, Jerome Powell's, There's, Patrick Harker, John Williams, Harker, Austan Goolsbee, Lorie Logan, Powell, Christopher Waller, Philip Jefferson, Waller, Jefferson, – Morgan Stanley, Gamble –, Morgan Stanley YTD, Morgan, Jim Cramer, Morgan Stanley, there's, Gamble, Jim, we'll, Charles Schwab, Goldman Sachs, Johnson, Philip Morris, — CNBC's Zev Fima, Jim Cramer's, Spencer Platt Organizations: Nasdaq, Dow, Columbus Day, West Texas, Federal Reserve, Club, Fed, Market, Philadelphia Fed, New York Fed, Chicago Fed, Dallas Fed, United Auto Workers, General Motors, Chrysler, Ford, National Association of Realtors, Procter, Procter & Gamble, Natural Resources, Exxon Mobil, Coterra Energy, of America, United Airlines, Gamble, Housing, Netflix, Alcoa, American Airlines, Taiwan Semiconductor Manufacturing Company, Alaska Air, CSX, American Express, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Israel, U.S, New, Wells, KBW, Silicon, Manhattan, New York City

☆ JPMorgan Chase is set to report third-quarter earnings — here’s what the Street expects
▼ + stars: | 2023-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. The 10-year Treasury yield, a key figure for long-term rates, jumped 74 basis points in the third quarter. Shares of JPMorgan have climbed 8.7% year to date, far outperforming the 19% decline of the KBW Bank Index. Bank of America and Goldman Sachs report Tuesday, and Morgan Stanley discloses results on Wednesday.

Persons: Jamie Dimon, JPMorgan Chase, Dimon, Goldman Sachs, Morgan Stanley Organizations: JPMorgan, U.S, Capitol, New Democrat Coalition, Washington , D.C, LSEG, Bank, Federal Reserve, Treasury, Banks, KBW, Wells, Citigroup, Bank of America Locations: Washington ,, Wells Fargo

☆ Interest rates take center stage with banks set to report quarterly results
▼ + stars: | 2023-10-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Like other big banks, Wells Fargo and Morgan Stanley have been caught in the throes of the central bank's interest-rate-hiking campaign over the past 18 months. Wells Fargo and Morgan Stanley are down on the year amid the difficult backdrop, falling 4.3% and 8.6%, respectively. Wells Fargo is set to report third-quarter results before the opening bell on Friday, while Morgan Stanley is slated to post results next Wednesday. Out of the major U.S. banks, Wells Fargo has the largest exposure to the ailing commercial real estate market, an industry troubled by higher rates and near-record office vacancy levels. Morgan Stanley MS YTD mountain Morgan Stanley (MS) year-to-date performance For the three months ended Sept. 30, analysts expect Morgan Stanley to report revenue of $13.2 billion, up from $12.9 billion during the same period last year, according to Refinitiv.

Persons: Morgan Stanley, Jim Cramer, Wells Fargo, Wells, Charlie Scharf, Mike Santomassimo, Scharf, Jim, Morgan, –, James Gorman, we'll, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Wells, Silicon Valley Bank, Barclays, CNBC, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Wells Fargo, Silicon, Wells, U.S

JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. In the first 10 days of this month, the $1.46 billion Invesco KBW Bank ETF (KBWB.O) saw net outflows of $336.18 million, while the $2.49 billion SPDR S&P Regional Banking ETF saw net outflows of $19.58 million. Overall, the Invesco fund and the SPDR fund posted net inflows of $381.16 million and $565.15 million so far this year. The prices of the ETFs are down 23% and 28.4%, respectively, as bank stocks fell sharply earlier this year following the collapse of California-based Silicon Valley Bank and two other U.S. lenders. "Although, our equity research team indicates that selling may have pushed prices down too far and created a buying opportunity."

Persons: Caitlin Ochs, Hogan, Riley, JPMorgan Chase, Wells, Bryan Armour, Bansari Mayur, Jonathan Oatis Organizations: JPMorgan Chase Bank, REUTERS, Exchange, KBW Bank, Regional Banking, Valley Bank, U.S, Federal, JPMorgan, Citigroup, North America, Morningstar, Thomson Locations: New York City, U.S, California, Bengaluru

☆ These banks are solid and cheap. But here's why investors should be cautious
▼ + stars: | 2023-08-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

But the Club is exercising caution when it comes to our two bank names: Wells Fargo (WFC) and Morgan Stanley (MS). Shares of Wells Fargo and Morgan Stanley have lost 8.52% and 13.73%, respectively, during the same period. Still, big banks will ultimately be able to manage any new regulatory hurdles, Oppenheimer's Chris Kotowski told CNBC. For Wells Fargo, the company is buying back the most stock of any of the big banks. A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.

Persons: Wells, Morgan Stanley, Jim Cramer, Banks, Moody's, Chris Kotowski, Oppenheimer, Jim, Morgan, Charles Scharf, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Silicon Valley Bank, Wells, Valley Bank, UBS Group, UBS, Credit Suisse, Federal Reserve, Street, Bank of New York Mellon, BK, P Global, CNBC, Club, Big Tech, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Wells Fargo, Silicon, U.S

☆ Yes, Wall Street's biggest lenders got even richer after Silicon Valley Bank collapsed
▼ + stars: | 2023-07-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Big banks have released their earnings over the past few days – and it's clear that Wall Street had a good quarter. Back in March, Silicon Valley Bank collapsed after massive losses in its bond portfolio caused customers like Peter Thiel's Founders Fund to pull their deposits from the lender. That deal was one reason why JPMorgan posted record profits in the second quarter, analysts said. JPMorgan made almost $22 billion in net interest income in the second quarter, up 44% from the previous year. Bank of America, Citi, and Wells Fargo also all logged higher net interest income, thanks to the Fed's aggressive tightening campaign.

Persons: Morgan Stanley, Wells Fargo, Goldman Sachs, Peter Thiel's, Jamie Dimon, Wall Organizations: First Republic, Bank of America, Citi, Fund, First, Western Alliance, JPMorgan, Federal Deposit Insurance Corporation, Government, Federal Locations: Silicon Valley, First Republic

☆ Goldman Sachs is set to report second-quarter earnings — here’s what the Street expects
▼ + stars: | 2023-07-19 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects:Earnings: $3.18 per share, according to RefinitivRevenue: $10.84 billionTrading revenue: Fixed income $2.78 billion; equities $2.42 billion, per FactSetInvesting banking revenue: $1.49 billionExpectations have been set low for Goldman this quarter. Unlike more diversified rivals, Goldman gets the majority of its revenue from volatile Wall Street activities, including trading and investment banking. Investment banking has been weak because of subdued issuance and IPOs amid the Federal Reserve's interest rate increases.

Persons: David Solomon, Goldman Sachs, Goldman, David Solomon's, outsized, JPMorgan Chase, Solomon, Wells Fargo, Morgan Stanley Organizations: Bloomberg Television, Goldman Sachs Financial Services, Refinitiv Revenue, Goldman, Investment, JPMorgan, Apple Card, American Express, KBW, Citigroup, Bank of America Locations: New York

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