Zacks' Voice of the People Highlights user inthemoneystocks: "Bank Stocks Lead Again" from the People & Picks community.
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Bank Stocks Lead Again
The leading sector in the stock market is now the banking stocks. Since late November 2010, this industry group has surged to the upside. Ironically, this sector began to surge higher once an arrest warrant was issued by Interpol on December 1st, 2010. Since that time, Bank of America Corp. (BAC) has surged higher by 40.0 percent. That is quite a dramatic move higher in six weeks time.
This morning J.P. Morgan Chase & Co. (JPM) reported earning that were slightly better that expected. The stock is trading higher by 0.61 cents to $45.06. This is a new nine month high for the stock today. The stock has risen higher by 20.0 percent since early December 2010.
Other financial stocks that are trading higher this morning are Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C). The regional banks are also climbing higher this morning.
Please remember that the large major banks can borrow money from the Federal Reserve Bank at zero to a quarter percent. Therefore, as long as interest rates do not surge too high these stocks should benefit for a steepening yield curve.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
BANK OF AMER CP (BAC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
Zacks Investment Research
Market News and Data brought to you by Benzinga APIsFor more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Bank Stocks Lead Again
The leading sector in the stock market is now the banking stocks. Since late November 2010, this industry group has surged to the upside. Ironically, this sector began to surge higher once an arrest warrant was issued by Interpol on December 1st, 2010. Since that time, Bank of America Corp. (BAC) has surged higher by 40.0 percent. That is quite a dramatic move higher in six weeks time.
This morning J.P. Morgan Chase & Co. (JPM) reported earning that were slightly better that expected. The stock is trading higher by 0.61 cents to $45.06. This is a new nine month high for the stock today. The stock has risen higher by 20.0 percent since early December 2010.
Other financial stocks that are trading higher this morning are Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C). The regional banks are also climbing higher this morning.
Please remember that the large major banks can borrow money from the Federal Reserve Bank at zero to a quarter percent. Therefore, as long as interest rates do not surge too high these stocks should benefit for a steepening yield curve.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
BANK OF AMER CP (BAC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): Free Stock Analysis Report
Zacks Investment Research
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