Banks Chasing JPMorgan (JPM, BAC, C)
J.P. Morgan Chase & Co. (NYSE: JPM) is showing that things are continuing to improve in earnings and credit metrics. That is what $3.3 billion in earnings does, or earnings $0.74 EPS vs. $0.64 estimates. Dimon talked up credit and punted the dividend down the road as he said regulators would not likely allow a [...]
Top Day Trader Alerts (APOL, BAC, CSIQ, CPST, DELL, FSLR, HUN, SII, WBMD)
These are this Friday’s top day trader alerts and active trader alerts we have seen on the move based upon events. We have an explanation and added color on each where applicable: Apollo Group Inc. (NASDAQ: APOL) is trading down sharply after providing preliminary guidance that is short of estimates for Q2. The company is [...]
Over-Regulation Risks Cause Exponential Bank Volumes (JPM, BAC, WFC, C, GS, MS)
We won’t bother complaining about or praising why these banks and brokers are down so much today. You already know the proposed regulation that would basically turn banks into utilities. Here are the reactions… more importantly, look at the share volumes as of 1:33 PM EST: JPMorgan Chase & Co. (NYSE: JPM) $41.0125, Down 5.50% [...]
Wells Fargo Wins Bank Reports, So Far (WFC)
Wells Fargo & Co. (NYSE: WFC) is trading up, unlike the initial reaction of the other moneycenter banks that have reported. The bank reported $0.08 EPS and $23 billion in revenues versus estimates of -$0.01 EPS and revenues $22 billion. Shares were trading up about 3.1% pre-market on the news, but at 8:45 AM EST [...]
2010 Actives Outlook: Options vs. Stock (AAPL, BAC, RIMM, XOM, PFE, CSCO, INTC, GLD, SLV)
2010 is here and we wanted to take a look at the largest catalyst for options volume and how it may translate into active stock trading for the January 2010 options expiration date. In this matter we looked solely at the closest in-the-money and out-of-the-money call options that expire on January 15, 2010 because these [...]
BofA To Set Volume Leaderboard (BAC)
Bank of America Corporation (NYSE: BAC) is going to probably have either record trading volume today or at least something close to it. It won’t be known for some time whether the volume will beat the dog days over the last year, but the capital raise was even larger than originally set. It priced its [...]
BofA Options Volume Alert (BAC)
Bank of America Corporation (NYSE: BAC) is almost always one of the most active call options stocks out there. But today we are seeing a flurry of trading activity based upon last night’s announcement that it is repaying the full TARP amount. This first list is the DEC-2009 CALLS and we followed it with DEC-2009 [...]
Big Bullish Options Bet in B of A (BAC)
Bank of America Corp. (NYSE: BAC) has seen an absolute massive butterfly call spread for January 2011 as 50,000 January $20 and $40 calls are bought for $1.94, and 100,000 $30 calls are sold at $0.37, so a $1.20 debit, expecting shares to nearly double over the next year and volatility to come down a [...]
BofA Lists Lower (BAC)
Bank of America Corporation (NYSE: BAC) is getting shelled after the troubled banking giant missed earnings expectations from Thomson Reuters with -$0.26 EPS vs. -$0.21 EPS estimates and revenue of $26.04 billion vs. $27.61B estimates. BofA also added $2.1B billion to it credit loss reserves as credit costs remain high. BofA did note a leveling [...]
Bank of America Defies Headlines (BAC)
Bank of America Corporation (NYSE: BAC) is actually up despite the notion that it may have a shadow over it after recent gains. A judge has held off on approving the recent SEC settlement saying that it may be too low of a penalty with too soft of a punishment for what may have been [...]
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