collected by :Jack Luxor
Bank CEOs have not yet signaled alarm at the lower loan growth trends. Here's the problem: a lot is expected to go right with bank earnings. We don't know yet, and that is why there is so much interest in bank earnings and particularly in the management outlook. Bank earnings are upon us. Investors are trying to reconcile a more optimistic outlook on the economy with troubling trends in bond yields and loan growth.
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A market correction is commonly defined as a decline of at least 10% in the S&P 500 SPX, -0.14% ; a bear market generally connotes a decline of 20% or more. However, a low unemployment rate now may not be what it used to be. In March 2000, the bear market began the same month unemployment hit its low of 3.8%. The nasty bear market of 1973 ended the same month unemployment hit its cyclical low. Last week, the Labor Department reported that in March, the official unemployment rate hit 4.5%, the first time that's happened in 10 years.
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Bank CEOs have not yet signaled alarm at the lower loan growth trends. Here's the problem: a lot is expected to go right with bank earnings. We don't know yet, and that is why there is so much interest in bank earnings and particularly in the management outlook. Bank earnings are upon us. Investors are trying to reconcile a more optimistic outlook on the economy with troubling trends in bond yields and loan growth.
as declared in
United's stock falls 1.1%, wipes out $255 million off the airline's market cap
So for the week, the company's market cap hasn't been reduced by that much. United UAL, -1.13% wiped about $255 million off its market capitalization in Tuesday's session, leaving it with a market cap of around $22.25 billion, according to FactSet data. Amid the outcry, a Cowen & Co. analyst has raised her price target for United's stock, citing encouraging March traffic, but making no mention of Sunday's incident. Investors largely shrugged on Monday at the widespread criticism of United, as the airline's stock ended Monday's session 0.9% higher, adding about $200 million to the company's market cap. The company's stock has lost 0.2% for the week, compared with the S&P 500 SPX, -0.14% — the broad U.S. stock benchmark — declining less than 0.1% for the week.A market correction is commonly defined as a decline of at least 10% in the S&P 500 SPX, -0.14% ; a bear market generally connotes a decline of 20% or more. However, a low unemployment rate now may not be what it used to be. In March 2000, the bear market began the same month unemployment hit its low of 3.8%. The nasty bear market of 1973 ended the same month unemployment hit its cyclical low. Last week, the Labor Department reported that in March, the official unemployment rate hit 4.5%, the first time that's happened in 10 years.
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