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need to know
Alibaba shares to be used for $2 bln loan
Europe set for weekly loss | FTSE 100 drops
Oil prices down ahead of key U.S. jobs report
Losses deepen for Asian stocks
Amazon to buy video software company
When do markets close for Labor Day?
Nikkei falls to its lowest level since February
Kocherlakota opposes 2015 fed-fund rate hike
AstraZeneca: FDA OKs long-term Brilinta use


Chinese Navy ships enter U.S. territory

Obscure trading strategy draws Wall Street’s ire

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Hey Twitter, is Jack Dorsey going to be CEO?

Sizeable outflow from China adds to fears
China tightens controls to keep money at home

Dovish Draghi signals ECB willing to do more QE
Why Draghi's comments sent the euro lower
Draghi’s opening statement from ECB presser
ECB leaves interest rates at record lows


Gates: How we can avoid worst of climate change

43% of U.S. homes are at high risk of natural disaster

What it’s like to play tennis with a ‘smart’ racket

Watch China’s    90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Blame Marissa Mayer for maternity-leave shrink

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

Investment risk has changed, so this must change too
Volatility is driving foreign buyers to Treasurys

The search for 1,000 angels to help women startups

Why the U.K. Hugo Chavez will be good for its economy

Why India is worth a look if you’re cooling on China

Apple’s biggest challenge: Topping the iPhone 6
Apple set to join content contest
What to expect from the Apple event on Sept. 9
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Markets »

109.73MDow Volume:
Avg Vol: 113.10M
Unchanged
224
Decliners
2653
Advancers
3709
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,375 +23 0.14%
Nasdaq
/quotes/zigman/12633936/realtime 4,733 -16 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,951 +2 0.12%
GlobalDow
/quotes/zigman/629063/realtime 2,308 -15 0.64%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.05%
Oil
/quotes/zigman/2331095/delayed 46.34 -0.41 0.88%
FTSE 100
/quotes/zigman/3173262/delayed 6,091 -104 1.67%
DAX
/quotes/zigman/2380246/delayed 10,119 -199 1.93%
CAC 40
/quotes/zigman/3173214/delayed 4,566 -88 1.88%
FTSE MIB
/quotes/zigman/1482176/delayed 21,725 -452 2.04%
IBEX 35
/quotes/zigman/2759620/delayed 9,878 -165 1.64%
Stoxx 600
/quotes/zigman/2380150/delayed 356 -6 1.78%
Asia Dow
/quotes/zigman/6959860/realtime 2,687 -26 0.96%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,181 -584 2.26%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 +0.00 0.11%
Yen
/quotes/zigman/16008150/realtime/sampled 119.10 -0.97 0.81%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 0.00 0.16%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.51%
DXY Index
/quotes/zigman/1652083/delayed 96.25 -0.15 0.16%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.76 -0.05 0.06%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.04 1.63%
German 10y
/quotes/zigman/15866409/realtime 0.69 -0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.90 -0.02 1.08%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.32%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.74 -0.06 3.13%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.88%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.05%
Corn
/quotes/zigman/7599553/delayed 362 +0 0.07%
DJIA F
/quotes/zigman/38649152/delayed 16,201 -147 0.90%
S&P F
/quotes/zigman/30356461/delayed 1,930 -16 0.81%
Silver
/quotes/zigman/3134148/delayed 15 0 0.15%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.15 -1.74 -1.94%
AAPL /quotes/zigman/68270/composite 110.37 -1.97 -1.75%
GOOG /quotes/zigman/30194416/composite 606.25 -8.09 -1.32%
BAC /quotes/zigman/190927/composite 15.94 0.09 0.57%
C /quotes/zigman/5065548/composite 51.79 0.04 0.08%
F /quotes/zigman/264304/composite 13.84 -0.03 -0.22%
T /quotes/zigman/398198/composite 33.04 0.22 0.67%
BP /quotes/zigman/247026/composite 32.41 0.21 0.65%
GE /quotes/zigman/227468/composite 24.51 -0.06 -0.24%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Customers’ Odd Loyalty to Banks

Reports that Bank of America could shut down some locations may frustrate some clients, experts say — but just don’t expect them to leave.

With most consumer services, from airfare to health care, the lowest price usually wins. Not so with banks, experts say. Excluding life-changing events like relocation or marriage, just 5% to 7% of a bank’s customer base moves each year, says Joe Gillen, CEO of Pinnacle Financial Strategies, a bank consulting firm. And despite rising fees at big banks, customers are still depositing more of their money there than at smaller financial institutions: Balances were growing three times faster at the 25 largest banks in mid-November than they were at smaller banks, according to Federal Reserve data.

And remember the so-called Bank Transfer Day, on Nov.5? That’s when consumer advocates encouraged bank clients to strike back at all the nickel and diming by big banks by transferring their accounts to credit unions. The result: Membership at credit unions grew by just a third of what was originally projected.

To be sure, there’s still a big reason to stick with the big banks, says Gillen: convenience. Large banks have the most branches, which makes banking near home, work or on vacation easier. And even if Bank of America does shut down some of its locations, experts say it’s a nonissue for many consumers who are accustomed to doing most of their banking online.

Experts say consumers are hesitating largely due to psychological reasons. “There’s a fear of change,” says Dan Geller, executive vice president at Market Rates Insight, which provides research and analysis to financial institutions. Consumers are concerned they might find the grass isn’t greener on the other side — that the same fees and problems they encounter at large banks could ultimately show up at the smaller ones, he says.

Secondly, there’s the perception that changing banks is difficult and too much hassle, says Gillen, especially if the consumer has linked his or her bank accounts to many other aspects of their life.  For example, it may be where their paycheck is deposited, or some of their retirement savings. But in reality, most changes can be made within a day or so, he says. One exception: in cases where a wireless provider or an insurance company automatically withdraws money from a checking account, consumers might want to keep that money in there until they finalize the transition, he says.

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    • By WebOsPublisher

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    • Interesting post, this was really useful. thanks!

    • Most large banks all stink the same way. Thats why nobody changes, they all stink – what difference does it make.

    • Inertia, inertia, inertia. That is what keeps customers at a bank, large or small, that they have been with for years. For instance, our long-term bank started placing fees on our checking accounts…. a brief discussion with one of the long-term employess office types, got the fees removed and the effort to relocate was removed… it was far esier to have the dicusssion than to move the accounts!!

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 -0.8% /quotes/zigman/38649152/delayed DOW -0.9% /quotes/zigman/30356458/delayed NASDAQ -0.9%

need to know
Alibaba shares to be used for $2 bln loan
Europe set for weekly loss | FTSE 100 drops
Oil prices down ahead of key U.S. jobs report
Losses deepen for Asian stocks
Amazon to buy video software company
When do markets close for Labor Day?
Nikkei falls to its lowest level since February
Kocherlakota opposes 2015 fed-fund rate hike
AstraZeneca: FDA OKs long-term Brilinta use


Chinese Navy ships enter U.S. territory

Obscure trading strategy draws Wall Street’s ire

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Hey Twitter, is Jack Dorsey going to be CEO?

Sizeable outflow from China adds to fears
China tightens controls to keep money at home

Dovish Draghi signals ECB willing to do more QE
Why Draghi's comments sent the euro lower
Draghi’s opening statement from ECB presser
ECB leaves interest rates at record lows


Gates: How we can avoid worst of climate change

43% of U.S. homes are at high risk of natural disaster

What it’s like to play tennis with a ‘smart’ racket

Watch China’s    90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Blame Marissa Mayer for maternity-leave shrink

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

Investment risk has changed, so this must change too
Volatility is driving foreign buyers to Treasurys

The search for 1,000 angels to help women startups

Why the U.K. Hugo Chavez will be good for its economy

Why India is worth a look if you’re cooling on China

Apple’s biggest challenge: Topping the iPhone 6
Apple set to join content contest
What to expect from the Apple event on Sept. 9
/conga/frontpage.html 354132

Markets »

109.73MDow Volume:
Avg Vol: 113.10M
Unchanged
224
Decliners
2653
Advancers
3709
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,375 +23 0.14%
Nasdaq
/quotes/zigman/12633936/realtime 4,733 -16 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,951 +2 0.12%
GlobalDow
/quotes/zigman/629063/realtime 2,308 -15 0.64%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.05%
Oil
/quotes/zigman/2331095/delayed 46.34 -0.41 0.88%
FTSE 100
/quotes/zigman/3173262/delayed 6,091 -103 1.67%
DAX
/quotes/zigman/2380246/delayed 10,119 -199 1.93%
CAC 40
/quotes/zigman/3173214/delayed 4,566 -88 1.88%
FTSE MIB
/quotes/zigman/1482176/delayed 21,727 -450 2.03%
IBEX 35
/quotes/zigman/2759620/delayed 9,878 -165 1.64%
Stoxx 600
/quotes/zigman/2380150/delayed 356 -6 1.78%
Asia Dow
/quotes/zigman/6959860/realtime 2,687 -26 0.96%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,181 -583 2.26%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 +0.00 0.11%
Yen
/quotes/zigman/16008150/realtime/sampled 119.09 -0.98 0.81%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 0.00 0.16%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.50%
DXY Index
/quotes/zigman/1652083/delayed 96.25 -0.15 0.16%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.76 -0.05 0.06%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.04 1.63%
German 10y
/quotes/zigman/15866409/realtime 0.69 -0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.90 -0.02 1.08%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.32%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.74 -0.06 3.13%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.88%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.05%
Corn
/quotes/zigman/7599553/delayed 362 +0 0.07%
DJIA F
/quotes/zigman/38649152/delayed 16,201 -147 0.90%
S&P F
/quotes/zigman/30356461/delayed 1,930 -16 0.81%
Silver
/quotes/zigman/3134148/delayed 15 0 0.15%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.15 -1.74 -1.94%
AAPL /quotes/zigman/68270/composite 110.37 -1.97 -1.75%
GOOG /quotes/zigman/30194416/composite 606.25 -8.09 -1.32%
BAC /quotes/zigman/190927/composite 15.94 0.09 0.57%
C /quotes/zigman/5065548/composite 51.79 0.04 0.08%
F /quotes/zigman/264304/composite 13.84 -0.03 -0.22%
T /quotes/zigman/398198/composite 33.04 0.22 0.67%
BP /quotes/zigman/247026/composite 32.41 0.21 0.65%
GE /quotes/zigman/227468/composite 24.51 -0.06 -0.24%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/87598/composite NFLX-4.15%
  • /quotes/zigman/19622165/composite BBRY-0.13%
  • /quotes/zigman/157332/composite NAT+3.96%
  • /quotes/zigman/23556538/composite TWTR+1.73%
  • /quotes/zigman/7601800/composite JOY-14.60%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

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  • Personalized news and quote email alerts
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  • Free WSJ.com registration

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