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Markets »

23.58MDow Volume:
Avg Vol: 113.10M
Unchanged
211
Decliners
4312
Advancers
1544
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 16,118 -257 1.57%
Nasdaq
/quotes/zigman/12633936/realtime 4,691 -43 0.91%
S&P 500
/quotes/zigman/3870025/realtime 1,924 -27 1.37%
GlobalDow
/quotes/zigman/629063/realtime 2,283 -40 1.72%
Gold
/quotes/zigman/662444/delayed 1,119 -6 0.49%
Oil
/quotes/zigman/2331095/delayed 46.41 -0.34 0.73%
FTSE 100
/quotes/zigman/3173262/delayed 6,067 -127 2.05%
DAX
/quotes/zigman/2380246/delayed 10,057 -261 2.53%
CAC 40
/quotes/zigman/3173214/delayed 4,533 -121 2.60%
FTSE MIB
/quotes/zigman/1482176/delayed 21,531 -646 2.91%
IBEX 35
/quotes/zigman/2759620/delayed 9,819 -224 2.23%
Stoxx 600
/quotes/zigman/2380150/delayed 354 -8 2.24%
Asia Dow
/quotes/zigman/6959860/realtime 2,682 -30 1.12%
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 25,202 -563 2.18%
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 119.28 -0.79 0.66%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.45%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.04%
DXY Index
/quotes/zigman/1652083/delayed 96.47 +0.07 0.07%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.97 +0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 0.00 0.16%
German 10y
/quotes/zigman/15866409/realtime 0.68 -0.04 5.91%
Italy 10yr
/quotes/zigman/15866497/realtime 1.89 -0.04 1.93%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.32%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.76 -0.04 2.20%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.73%
Gold
/quotes/zigman/662444/delayed 1,119 -6 0.49%
Corn
/quotes/zigman/7599553/delayed 364 +2 0.62%
DJIA F
/quotes/zigman/38649152/delayed 16,122 -226 1.38%
S&P F
/quotes/zigman/30356461/delayed 1,923 -23 1.19%
Silver
/quotes/zigman/3134148/delayed 15 0 0.86%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 86.91 -1.24 -1.41%
AAPL /quotes/zigman/68270/composite 109.46 -0.91 -0.82%
GOOG /quotes/zigman/30194416/composite 597.55 -8.70 -1.44%
BAC /quotes/zigman/190927/composite 15.70 -0.24 -1.51%
C /quotes/zigman/5065548/composite 50.83 -0.96 -1.85%
F /quotes/zigman/264304/composite 13.58 -0.26 -1.88%
T /quotes/zigman/398198/composite 32.54 -0.50 -1.51%
BP /quotes/zigman/247026/composite 30.99 -1.42 -4.38%
GE /quotes/zigman/227468/composite 24.01 -0.50 -2.04%
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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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Are Small Bank Stocks Too Pricey?

The murky outlook for the financial industry pushed safety-seeking investors toward small banks. But some analysts say their recent popularity has made them too pricey.

Wells Fargo and J.P. Morgan Chase beat expectations in their earnings reports Friday, kicking off what is expected to be a decent  earnings season for U.S. banks. Big banks do face certain headwinds, however, including weak demand for loans and an uncertain regulatory environment. As a result, many investors have been flocking to the less-volatile stocks of smaller banks — often at a steep price, analysts say. Indeed, the KBW Regional Banks index had a forward price-to earnings ratio of 15 at the end of March, compared to 11 for the KBW Bank Index, which includes giants like Bank of America and J.P. Morgan Chase. “Unfortunately, if you’re looking for value you’ll have to take on a little more risk,” says Jim Sinegal, the lead banking analyst for Morningstar.

Bigger banks face challenges that smaller banks with more basic business models are spared, analysts say. Banks with more than $10 billion in assets must work within regulations limiting how they trade capital and charge fees, says Tim Holland, a portfolio manager at Tamro Capital Partners, an investment advisory firm based in Alexandria, Va. Smaller banks, on the other hand, “have a bit more freedom and have the potential to take clients that don’t like the fees some of the larger banks are putting in place,” he says.

Despite the risks, analysts say big banks have a few things working in their favor. Weak demand for loans makes it difficult for banks of all sizes to profit from their deposits, but larger banks make more money off of those deposits by paying lower rates, says Dan Geller, executive vice president at Market Rates Insight, a financial analysis company. Local and regional banks have to be more competitive with the interest rates they offer on savings and checking accounts because they don’t have the brand recognition of the big names, says Gellar.

Risk-averse investors tend to favor stocks from smaller and regional companies because of their more stable performance, says Sinegal. While bigger banks outshined small banks so far this year, they also suffered steeper losses in 2011. The KBW bank Index is up 22% year to date, after dropping 25% in 2011. The KBW Regional Banks index is up 11% but only fell 7% last year. Both outperformed the S&P 500 index, which is up 10% so far this year.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (2 of 2)

View all Comments »
    • If you don’t the Fed’s money, check out Bitcoin. The web is full of news about it today. Bulletproof untraceable enlrtcoeic currency not controlled by any government or central bank.By the way, try Economists View for discussion of current economics that is much more reasoned than the one you suggested. None of this is simple

    • Why, after the taxpayer bailouts, are the big banks to big to fail? Who will solve the problem; without political contribution?

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

New York Markets Close in:

need to know
When do markets close for Labor Day?
Netflix's stock heads for sixth straight loss
BlackBerry shares up 4% after deal news
44 million tried Apple Music in its first month
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
Treasury yields fall | Dollar weakens
Big week of losses for Asian stocks
Amazon to buy video software company

Chinese Navy ships enter U.S. territory

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

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!

Oops — Rick Perry says broken clock right once a day

My father wanted to divide his estate, but my sister took it all
My sister took all of my father’s estate


Money flows back to stock funds as investors tiptoe in
Money flows back to stock funds

Bill Gross says Fed will do ‘too little, too late’

Obscure trading strategy draws Wall Street’s ire


Labor Day traffic will be the worst since 2008


Hey Twitter, is Jack Dorsey going to be CEO?

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

Six actors who were almost cast as James Bond

Gates: How we can avoid worst of climate change

1 in 3 Americans who get an inheritance blow it
Brother wants loan repaid to father’s estate
I give my son money, his wife gives it to church


Facebook is most successful app, beating out Google, Apple
This is the most successful app ever


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

Does this survey confirm our worst fears about the sexes?
Does this confirm our worst fears about the sexes?

Karl Lagerfeld is coming to a store near you
Lagerfeld is coming to a store near you


/conga/frontpage.html 354170

Markets »

23.60MDow Volume:
Avg Vol: 113.10M
Unchanged
211
Decliners
4312
Advancers
1544
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 16,120 -255 1.55%
Nasdaq
/quotes/zigman/12633936/realtime 4,691 -42 0.89%
S&P 500
/quotes/zigman/3870025/realtime 1,925 -26 1.35%
GlobalDow
/quotes/zigman/629063/realtime 2,283 -40 1.72%
Gold
/quotes/zigman/662444/delayed 1,119 -5 0.48%
Oil
/quotes/zigman/2331095/delayed 46.48 -0.27 0.58%
FTSE 100
/quotes/zigman/3173262/delayed 6,068 -126 2.03%
DAX
/quotes/zigman/2380246/delayed 10,060 -258 2.50%
CAC 40
/quotes/zigman/3173214/delayed 4,533 -121 2.60%
FTSE MIB
/quotes/zigman/1482176/delayed 21,536 -641 2.89%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -220 2.19%
Stoxx 600
/quotes/zigman/2380150/delayed 354 -8 2.24%
Asia Dow
/quotes/zigman/6959860/realtime 2,682 -31 1.12%
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 25,202 -563 2.18%
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 119.28 -0.79 0.66%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.45%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.04%
DXY Index
/quotes/zigman/1652083/delayed 96.47 +0.07 0.07%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.95 +0.14 0.16%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.16 0.00 0.20%
German 10y
/quotes/zigman/15866409/realtime 0.68 -0.04 5.91%
Italy 10yr
/quotes/zigman/15866497/realtime 1.89 -0.04 1.93%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.40%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.76 -0.04 2.20%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.58%
Gold
/quotes/zigman/662444/delayed 1,119 -5 0.48%
Corn
/quotes/zigman/7599553/delayed 364 +2 0.62%
DJIA F
/quotes/zigman/38649152/delayed 16,120 -228 1.39%
S&P F
/quotes/zigman/30356461/delayed 1,923 -23 1.20%
Silver
/quotes/zigman/3134148/delayed 15 0 0.80%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 87.23 -0.92 -1.04%
AAPL /quotes/zigman/68270/composite 109.55 -0.83 -0.75%
GOOG /quotes/zigman/30194416/composite 599.99 -6.26 -1.03%
BAC /quotes/zigman/190927/composite 15.70 -0.24 -1.51%
C /quotes/zigman/5065548/composite 50.86 -0.93 -1.80%
F /quotes/zigman/264304/composite 13.59 -0.26 -1.84%
T /quotes/zigman/398198/composite 32.54 -0.50 -1.52%
BP /quotes/zigman/247026/composite 30.95 -1.46 -4.51%
GE /quotes/zigman/227468/composite 24.02 -0.50 -2.02%
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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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