Bigger is better for banks in Q1: Dick Bove
Big banks should turn in reasonably good earnings in the first quarter, but regional banks will report only mediocre results, analyst Dick Bove says.
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JPMorgan profit rises as fixed-income trading rebounds
The bank’s strong results bolstered Chief Executive Jamie Dimon’s argument that size and diversification are advantages, not a reason to break up the bank. Some analysts have suggested JPMorgan should be broken up to reduce capital requirements and complexity. JPMorgan’s revenue from trading fixed income, currencies and commodities (FICC) by 5 percent to $4.07 billion in the first quarter. The strong investment banking results helped boost JPMorgan’s shares as much
Oil above $58 on U.S. shale report, Mideast tension
Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tensions in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war. Brent crude (LCOc1) was up 32 cents at $58.25 a barrel by 1339 GMT, while U.S. crude (CLc1) was up 57 cents at $52.48. The U.S. Energy Information Administration
Wells Fargo net income falls slightly from a year earlier
Wells Fargo, the third-biggest U.S. bank by assets, said Tuesday that its first-quarter earnings fell slightly from the same period a year earlier. Gains from trading and mortgage originations were offset …
Consumer stocks: The best is yet to come, Strategas' Verrone says
Many bears believe the consumer discretionary sector is most likely to lead the market lower. Here’s why they couldn’t be more wrong!
German automaker BMW has best March sales ever
German automaker BMW says it had its best March sales ever. The Munich-based maker of the 3-Series sedan and X5 sport-utility said Tuesday it sold 195,593 vehicles worldwide under the BMW brand. That was …
Kristen Bell Talks Couples Counseling, Being Pro-Vaccination in Good Housekeeping, Says Therapy Isn't Embarrassing
From where we’re standing, it looks like Kristen Bell and Dax Shepard have the perfect marriage and family. But like everyone else, the couple constantly works on their marriage in order to…
Chris Hemsworth Gushes About His Three Kids! Plus, Ellen DeGeneres Joins Avengers: Age of Ultron as The Honker?!
Elizabeth Olsen’s Scarlet Witch, Aaron Taylor-Johnson’s Quicksilver and James Spader’s Ultron aren’t the only new characters introduced in Avengers: Age of Ultron. According to…
Hillary Clinton's Official "Error" Page Is Hilarious—See What the Candidate Chose to Post!
Is Hillary Clinton one of the punniest people on the planet? She might be. The recently announced presidential candidate has created an error page for her website that’s so hilarious…
Drake Wasn't Disgusted by Madonna's Surprise Coachella Kiss, Tells Fans, "Don't Misinterpet My Shock!"
Drake didn’t exactly look thrilled after Madonna made out with him onstage at Coachella Sunday. His facial expression post-kiss conveyed something in between utter shock and sheer…