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Essent Group Enters Oversold Territory
Monday, April 9, 12:03 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Cash Dividend On The Way From Citigroup Noncumulative Preferred Stock, Series C
Monday, April 9, 1:34 PM ET, by Market News Video Staff

On 4/11/18, Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C (C.PRC) will trade ex-dividend, for ...

IAT's Underlying Holdings Could Mean 11% Gain Potential
Tuesday, April 10, 9:13 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Noteworthy ETF Outflows: IWB, JPM, UNH, VZ
Tuesday, April 10, 11:00 AM ET, by Market News Video Staff

Symbols mentioned in this story: IWB, JPM, UNH, VZ Exchange traded funds (ETFs) trade just ...

SPDR S&P Bank ETF Experiences Big Outflow
Wednesday, April 11, 10:51 AM ET, by Market News Video Staff

Symbols mentioned in this story: KBE, CFR, SNV, NTRS Exchange traded funds (ETFs) trade just ...

Banks Earn $21.6 Billion in 2Q

By Market News Video Staff, Tuesday, August 31, 12:00 PM ET
Play Video: The Importance of ETFs


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According to the FDIC, the banking industry earned $21.6 billion in the second quarter of 2010, a vast improvement from the $4.4 billion loss in the same quarter of 2009 and the highest level since 2007. However, with the good news comes the bad. The FDIC said there are now 829 troubled banks on the confidential watch list, an increase of 54 banks since the first quarter of 2010. Also troubling is the 1.4% drop in lending activity quarter over quarter, a sign that banks are still unwilling to lend money in this economy.

Despite the discouraging lending news, bank stocks and bank ETFs are rallying today. The SPDR KBW Bank ETF (AMEX:KBE) is higher by 1.2% on Tuesday, while the iShares Dow Jones US Regional Bank Index Fund (AMEX:IAT) is higher by 1.3%. Components of these ETFs faring well today include Citigroup (NYSE:C), US Bancorp (NYSE:USB) and JP Morgan (NYSE:JPM).


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Banks Earn $21.6 Billion in 2Q | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

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