“Bank Stocks Gain in Triumph of Low Expectations.” At least that’s what Aaron Kuriloff of The Wall Street Journal calls the unexpected jump in major banking stocks. The Big Four banks — JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup...
A common theme this week which so far has been marked by lackluster performances. One of the breaking stories for this week was the Federal Reserve’s rejection of Citigroup’s plan to raise its dividend and increase its stock buyback. Citigroup is also one...