From the category archives:

banks

The New Volatility, or Are Stock Markets Affected by Political Influences Reaching A Tipping Point?

January 26, 2010 · 4 comments

in 2010, DJIA, Federal Reserve, Obama Effect, S&P 500, VIX volatility, banks, central banks, earnings, economics, economy, market reports, market trends, news and updates, politics, recession, special dates, stocks

State of the (Economic) Union 2010: is political news now a leading indicator of stock markets?
I can’t remember where I read it recently, perhaps even in the End of Influence, but the consensus among some who know more about it than I do is that stock markets, and most notably the U.S. stock market in [...]

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Comparing Canada’s Big 5 Banks

November 25, 2009 · 20 comments

in Canadian, Canadian economy, banks, investing, stock picks

Many people know that financials make up about 30% of the S&P/TSX.  Many also know that Canada’s banking system was rated the safest, most stable banking system in the world during the past financial crisis (and, in fact, is still considered so).
But if you’re not Canadian and not familiar with the market, but you want [...]

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Canadian Bank Earnings Week: CIBC Surprises and Expectations of Dividend Increases

August 26, 2009 · 2 comments

in Canadian, Canadian economy, banks, dividends, earnings, investing

This week of August 24-28, all the talk on Bay Street is about the Big 6 Canadian banks reporting fiscal Q3 (third quarter) earnings.  Earnings results of the Big 5 are important to many Canadian investors, who are almost all invested in one or more of these banks through their pension and broad-based mutual funds [...]

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A New Trick For Stemming Inflation? The Fed Now Pays Banks Interest For Masses of Excess Reserves

August 7, 2009 · 1 comment

in Federal Reserve, banks, capitalism, inflation, interest rates

Here’s a graph showing the amount of “excess” (beyond required amounts) reserves held by U.S. banks.  It covers quite a span of time, but it’s the best-looking one I found showing the relevant data.  The graph also gives just a bit of sense of the extent of the unprecedented nature of money-pumping going on at [...]

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As Canadian Bank Earnings and Economy Go Down, Canadian Dollar is Up

May 29, 2009 · 3 comments

in Canadian dollar, Canadian economy, banks, deficits, inflation

The Canadian business news equivalent of “if it bleeds, it leads” has got to be the quarterly earnings reports of the Big Five banks.  This week it’s the Royal Bank of Canada, reporting its first losses since 1993.
It’s one seeming irony that Heather Scoffield has pointed out – for so long it’s been the other [...]

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Dow Jones Back At November Lows – 7552.60

February 18, 2009 · 0 comments

in Canadian, DJIA, banks

Today the Dow Jones Industrial Average (DJIA) closed at 7552.60.  The market low we had back in November 2008, that is, the lowest that the autumn crash gave us, was 7552.29.  So, the BNN commentators were right last month when they said those lows might still be retested.  I just wonder whether the Dow is [...]

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Yet Another Reason For Thinking About a Turnaround

February 9, 2009 · 0 comments

in banks, earnings, market timing

Upcoming first quarter Canadian bank earnings, on a whole, are expected to be better than expected (so does that mean they’re just “what was expected”?:)).  This follows on my earlier note about Barclay’s bank having better than expected earnings, and also the midday rally today in financials across the board.
Some, however, think these first quarter [...]

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