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Banking Stocks: Does Better Performance In Stress Tests Mean A Better 2013?
Long Investing Ideas from Seeking Alpha
Wed, 13 Mar 2013
By Fusion Research : The recently released Federal stress test results for the country's largest financial institutions, presented a favourable picture on the U.S. banking sector. Most of the big banks have passed the test, proving their ability to sustain in a crisis. The banks also released their ...
Morningstar's Jaime Peters checks in on the current health and outlook for Citi, J.P. Morgan, and BofA following release of their second-quarter results.
Investment banking and declining delinquencies helped power strong results for J.P. Morgan and B of A, but uncertainty in the housing market and broader economy still loom, says Morningstar's Jaime Peters.
Bank of America's current management team has allowed the firm to have possibly the strongest capital position among major U.S. banks, says Oakmark's Bill Nygren.