PNC Financial Services Group Inc. (PNC) Reports Q2 EPS of $0.14 Jul 23, 2009 07:59AM

PNC Financial Services Group Inc. (NYSE: PNC) reports Q2 EPS ...


Bank Stocks Get Lift On Meredith and Others Bullish Vibe (XLF, FAZ, FAS) Jul 13, 2009 09:05AM

Banks stocks are higher this AM after uber-bearish banking analyst Meredith Whitney upgraded Goldman Sachs (NYSE: GS) to Buy, just one day ahead of the company's earnings. In addition, Goldman themselves had comments this morning that is adding to the upside. The firm said they expect investors to focus more on ...


Deutsche Bank Cautious On Banks Heading Into Q2 Results, Sees More Losses Ahead and Maybe Another $300B In Capital Raises (BBT, JPB, USB, WFC, STI, BAC) Jul 7, 2009 09:27AM

Deutsche Bank issued unsettling comments on U.S. banks stocks heading into second quarter results. The firm remains cautious and expects continued weak bank results as credit pressures mount. In fact, the firm expects 10 of the 16 banks that they cover to report losses this quarter.

Deutsche Bank expects banks to report losses for the 2nd-half of 2009 and much of ...


Stress Test Results Show 10 of 19 Large U.S. Banks Need Additional Capital Buffer May 7, 2009 06:26PM

As expected, U.S. regulators announced the results of the bank stress tests which was performed on 19 of the nation's top banks. Results from the tests showed that 10 of the 19 banks need an additional $75 billion in total capital buffer to cover future losses under an adverse scenario while maintaining Tier 1 capital in excess of 6% and Tier 1 Common capital in excess of 4%.

In addition, results of the tests suggest that if the economy were to track the more adverse scenario, losses at the 19 firms during 2009 and 2010 could be $600 billion. The bulk of the estimated losses –
approximately $455 billion – come from losses on accrual loan portfolios, particularly from residential mortgages ...


Top 15 For 2008 (No. 3): Bank Runs Jan 28, 2009 05:20PM

StreetInsider.com has put together its 'Top 15 For 2008' which chronicles our view of the most significant news on Wall Street during the tumultuous year.

Number 3: Bank Runs

A "bank run" was something we only read about in history books or saw watching holiday favorite "It's A Wonderful Life", but all that changed in 2008. With the collapse of the financial system, bank runs again were back in our vocabulary. A bank run is a mass customer exodus of assets from a financial institution on fears of insolvency. Because banks only keep a small amount of deposits on hand and lend the rest out, a bank run can force a failure of the institution.

The U.S. subprime debacle exposed the balance sheet of the world's banks, and what people ...