Times News Network
Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama/Getty Images Bank stocks have gotten hit as concerns about the U.S. economy have grown. They’re starting to look like bargains, and none more so than Citigroup . The SPDR S&P Bank exchange-traded … Read More “Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.” »
Text size Warren Buffett’s Berkshire Hathaway wasn’t a buyer of its own stock in April, but that might have changed with the market’s recent drop. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway ’s equity portfolio is suffering a $65 billion hit so far in the second quarter, led by losses in Apple , Bank … Read More “Berkshire Hathaway’s Equity Portfolio Is Down An Estimated $65 Billion So Far in This Quarter” »
The shocks aren’t over. Get ready. That’s the timely Friday advice of Bank of America, delivered hours before worse-than-expected U.S. inflation data knocked the wind out of Wall Street and left investors bracing for more aggressive central-bank action. Data showed the cost of living surged 1% in May amid higher rents and gas and food … Read More “‘We’re in technical recession, but just don’t realize it’: Bank of America sees more ‘shocks’ to come” »
The double whimsy of rising mortgage rates and soaring house prices has led to “collapsed” affordability in America, according to Chris Flanagan’s team at Bank of America Global Research. The situation has become so dire that it can now be compared to the “historically low readings” of the fourth quarter of 1987 and the first … Read More “Affordability in housing has ‘collapsed’ in 2022 and that is the next thing one can expect, according to Bank of America” »
The home is where the heart is, and the money, if inflationary trends do not cool down. This is according to the latest Deutsche Bank survey among investors, who say that property will be their most preferred buy-and-hold asset class if inflation remains high – averaging between 3% and 5% over the next decade. “Despite … Read More “Here, it is the asset that investors want if inflation remains high, says Deutsche Bank. And crypto is not even ‘on the radar’” »
Text size JPMorgan Chase CEO Jamie Dimon Michel Euler / Pool / AFP / Getty Images JPMorgan Chase the stock was rising after the bank raised its 2022 forecast for net interest income. JPMorgan’s (ticker: JPM) investor day, which began at. 8 Eastern time, the bank’s chance is to convince investors that it has not … Read More “JPMorgan shares are rising as the bank raises its forecast for net interest income” »
For fear of stagflation and higher interest rates, global money managers have amassed money at a level not seen for two decades. That’s according to an “extremely bearish” May survey of global money managers released by a team of Bank of America strategists led by Michael Hartnett on Tuesday. Entitled “If They Can’t Gather Now … Read More “Is it now or never for a stock rally? Fund managers’ piles of money are the largest since 2001, Bank of America says” »
Wall Street is in an unusually bullish mood Tuesday morning. Tim Holland, Chief Investment Officer at Orion Advisor Solutions, claims that the market has just reached two peaks. Last week, the Labor Department finally reported an ever-so-small drop in inflation, as a measure of individual investors’ sentiment showed the largest percentage of individual investors bearish … Read More “Here’s what just happened that triggers stock market declines 71% of the time, warns Credit Suisse” »
Text size JPMorgan Chase meets with analysts Dreamstime JPMorgan Chase is in the unusual position of being on the defensive ahead of its investor day next week, after a leading critic fired a note speculating whether the bank “has lost its fastball”. Wells Fargo analyst Mike Mayo asked – and answered – his question in … Read More “JPMorgan is on the defensive after analysts suggest the bank has lost its ‘Fastball’” »
Investors have not capitulated to this year’s battered stock market, according to strategists at B. from A. Global Research. With recent fears and “disgust” suggesting stocks are likely to rally in the bear market, “we do not believe the ultimate low has been reached,” B. of A’s investment strategists said in a May 12 research … Read More “The stock market’s ‘ultimate lows’ are still ahead, as investors have not yet capitulated, says B. from A.” »
