iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

The Banks Come Roaring Back to Lead the Market Towards Prosperity

After falling by half, shares of BCS are ripping higher to the tune of 2.99%. Additionally, LYG is higher by 7.55% and UBS is down–stupidly.

Over here in the states, JPM is higher by 2.1%, followed by Warren Buffett’s WFC, +1.3%.

After getting punched in the face, repeatedly, low brow commodity broker, FXCM, is bouncing higher by 3.8%. Goldman Ballsachs is 1.7% to the good.

Over in asset management land, LAZ is leading the fray, higher by 5.5%, followed by EVR, IVZ and AMG.

As a whole, finnies are higher by 1.3%. The big winners, naturally, are found in the oil and gas space–based on the prospects of harrowing debt deadlines, which loom large in 2017.

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3 comments

  1. joyous__ending

    If anyone made money on the bounce Happy Cupcake.
    I’m waiting for S&P near 1950 or maybe lower in Sep-Oct
    I don’t see a move back to highs, the next two months feel flaky.

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  2. thegametheorist

    only $3.80/shr to go for BCS, or 50% gain lol

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  3. alty

    Dip buyers win again. Come on its called the wall of worry for a reason.

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