10:03 AM Banking Sector: Regional Banks Verses Large Banks:I have always believed that it is difficult for broad equity to do well if banks are struggling. Credit makes the economy go, and if banks are impaired, credit suffers. Historically, when bank credit contracts sharply, the economy slows.
Admittedly the relationship hasn't been as strong over the l
KBW Nasdaq Bank Index The KBW Nasdaq Bank Index ( BKX ) is a benchmark index that tracks the performance of leading US-based bank companies. The components of the BKX index as of my knowledge:
Bank of America
Bank of NY Mellon
Capital One Financial
Citigroup
Comerica
Commerce Bancshares
Cullen/Frost Bankers
Fifth Third
KBW Nasdaq Bank Index - 3 Scenarios The KBW Nasdaq Bank Index (BKX) is a benchmark index that tracks the performance of leading US-based bank companies. The components of the BKX index as of my knowledge:
Bank of America
Bank of NY Mellon
Capital One Financial
Citigroup
Comerica
Commerce Bancshares
Cullen/Frost Bankers
Fifth Third
Hu
BKX- Banks are strugglingBanks are raising the reserve lvl in anticipation of the rising loan default. Facing weaker loan demand, banks tightened standards across all categories of residential real estate (RRE) loans and across all three consumer loan categories. In addition, banks also tightened their standards and terms
BKX - Equities on a knife edgeHere's a chart of the Nasdaq Banking index showing that things could really be hanging in the balance at the moment. On the one hand this count suggests we may be in the final C wave of a long, flat correction that began back in 2007. On the other hand, if the said correction in fact completed back
Chart of the Day 1/3: Avoid Banks, this time is differentAs we contemplate the convergence of long-term US rates with that of Europe and Japan as well as the Japanification of the global economy, it is useful think about the potential impact on banks. Yes, low rates are not good for banks and as we have seen in Japan, perpetual low rates does not equate
Bank Stocks: Bullish breakout. Strong long-term Buy Opportunity.BKX (Nasdaq bank index) has just broken above the Lower High trend line (dashed lines) of the 1W bearish (pull back) leg within the greater pattern of the multi year Channel Up since 2012. The technicals have turned bullish on 1W (RSI = 59.797, MACD = 1.140, Highs/Lows = 5.1079) and even the RSI is
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