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Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/43106711/delayed S&P 500 -1.9% /quotes/zigman/48241424/delayed DOW -1.9% /quotes/zigman/43108768/delayed NASDAQ -2.2%

need to know
FTSE 100 hits lowest level since 2012
Sweden cuts k ey rate further below zero
Société Générale profit up on Amundi stake sale
Crude price pushes below $27 a barrel
Shell cancels $14.4 billion bridge credit facility
Zurich posts bigger-than-expected loss
Akzo Nobel in talks to buy BASF coatings unit
Chinese group bids $1.2 bln for Opera Software
U.S. government runs $55 billion budget surplus

Twitter proves Wall Street critics were right
Twitter adds new timeline feature

Hong Kong stocks dive 3.9% as selloff kicks off

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


North Korea reportedly executes top general

Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Burger King to start selling hot dogs

Wendy's profit, revenue top estimates
McDonald’s breakfast boost may not last


BP CEO calls for cuts to carbon emissions
Supreme Court blocks Obama’s carbon cuts

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Christie, Fiorina drop out of presidential race

A break for zombie-fighting Amazon developers

Expedia doesn’t see Airbnb as a threat

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

What Apple, Amazon and Starbucks have in common
Amazon up after new share buyback plan

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Musician Lenny Kravitz owned the 19th-century Creole cottage in the French Quarter of New Orleans from 1994 to 2012. It's now back on the market at $1.16 million.

RE/Max N.O. Properties/Mansion Global
A bona fide celebrity abode — believe it or not
London house of the week has spiritual side
S.F. real estate looked like this in 2000, too
Location Scouts: Insider intel from top markets

REIT bonus targets at heart of Brixmor scandal

Why is everyone freaking out about ‘CoCos’?

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Is it wise to hold on to cash reserves?

/conga/frontpage.html 367666

Markets »

122.29MDow Volume:
Avg Vol: 131.80M
Unchanged
201
Decliners
3048
Advancers
3255
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 15,915 -100 0.62%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 +15 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,852 0 0.02%
GlobalDow
/quotes/zigman/629063/realtime 2,061 -19 0.90%
Gold
/quotes/zigman/33772884/delayed 1,217 +23 1.89%
Oil
/quotes/zigman/2260836/delayed 26.61 -0.84 3.06%
FTSE 100
/quotes/zigman/3173262/delayed 5,512 -160 2.83%
DAX
/quotes/zigman/2380246/delayed 8,717 -300 3.33%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.03%
FTSE MIB
/quotes/zigman/1482176/delayed 15,888 -826 4.94%
IBEX 35
/quotes/zigman/2759620/delayed 7,813 -331 4.06%
Stoxx 600
/quotes/zigman/2380150/delayed 303 -12 3.85%
Asia Dow
/quotes/zigman/6959860/realtime 2,441 -13 0.53%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,046 -713 3.00%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.26%
Yen
/quotes/zigman/16008150/realtime/sampled 111.32 -2.03 1.79%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.52%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 -0.01 0.93%
DXY Index
/quotes/zigman/1652083/delayed 95.49 -0.34 0.35%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.70 -0.19 0.21%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.61 -0.06 3.39%
German 10y
/quotes/zigman/15866409/realtime 0.17 -0.08 31.85%
Italy 10yr
/quotes/zigman/15866497/realtime 1.67 +0.02 1.31%
Spain 10yr
/quotes/zigman/15866444/realtime 1.74 +0.02 1.16%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.31 -0.10 7.25%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 3.06%
Gold
/quotes/zigman/33772884/delayed 1,217 +23 1.89%
Corn
/quotes/zigman/25518691/delayed 360 0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 15,561 -305 1.92%
S&P F
/quotes/zigman/43106711/delayed 1,812 -35 1.91%
Silver
/quotes/zigman/32655632/delayed 15 +0 1.33%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.00 1.46 1.47%
AAPL /quotes/zigman/68270/composite 94.27 -0.72 -0.76%
GOOG /quotes/zigman/59527964/composite 684.12 6.01 0.89%
BAC /quotes/zigman/190927/composite 11.98 -0.22 -1.80%
C /quotes/zigman/5065548/composite 37.41 -0.10 -0.27%
F /quotes/zigman/264304/composite 11.34 -0.01 -0.09%
T /quotes/zigman/398198/composite 36.43 -0.22 -0.60%
BP /quotes/zigman/247026/composite 28.04 -0.31 -1.09%
GE /quotes/zigman/227468/composite 28.30 0.02 0.07%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
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 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/118681/composite TSLA-3.09%
  • /quotes/zigman/41663/composite GLD+0.77%
  • /quotes/zigman/714403/composite SPY-0.09%
  • /quotes/zigman/22489978/composite RLYP-3.48%
  • /quotes/zigman/162154/composite NOK-1.02%
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Our real-time advice on how market shifts and news impact you and your money

Bank Lending Up, But Will Savers Benefit?

A pickup in lending by big banks may be welcome news for borrowers, but experts say it won’t necessarily benefit savers.

As part of its first-quarter earnings announcement today, Citigroup said lending jumped 12% from a year ago. Wells Fargo and J.P. Morgan reported similar increases on Friday. Typically, such increases in lending also lead to a bump in rates for savings accounts. When lending is on the rise, banks often find themselves in need of more deposits and will sweeten their deals to bring in more money. Banks also need to have more cash on hand to fund those loans, analysts say. “The more they lend, the more liquidity they need to have,” says Dan Geller, executive vice president of Market Rates Insight.

In the current environment, however, bank experts say savers may be disappointed. After scaling back loans to all but the most creditworthy following the credit crisis of 2008, many large banks have built up more deposits than they can reasonably lend out to consumers, says Greg McBride, senior financial analysts for Bankrate.com.  With even the highest quality potential borrowers still hesitant to borrow, banks have cash sitting on their books costing them interest instead of earning it, says McBride. As a result, most institutions don’t need to provide incentives or higher rates to attract more savings from their clients.

And with loan yields still low — and overall loan demand weak — banks aren’t earning much profit out of the loans they do make, “so they couldn’t afford to boost deposit rates even if they wanted to,” says Jim Sinegal, the lead banking analyst for Morningstar. On top of that, the Federal Reserve is committed to keeping rates low through at least 2014, which means banks could see their lending profits squeezed for a while, experts say.

Of course, it’s still early in the earnings season, making it unclear whether the improvements in lending are just concentrated among the bigger banks, says Sinegal. And savers in six states are seeing slightly higher rates on long-term CDs as a result of the more positive economic outlook, says Geller. Some banks, seeing a pickup in lending, may want to lock in long-term deposits at today’s lower rates, he says.

Financial advisers say most people looking for attractive saving rates will need to look beyond the traditional savings account, experts say. For example, online savings accounts offer an average yield of 0.8%, compared to 0.1% on the average savings account at a bank, says McBride. Long term savers can also find 1.15% to 1.25% on top yielding one-year CDs, says McBride. And those saving for retirement need to be willing to take on some risk in higher yielding investments like dividend paying stocks and real estate investment trusts, he says.

Comments

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

New York Markets Open in:

Futures: /quotes/zigman/43106711/delayed S&P 500 -1.9% /quotes/zigman/48241424/delayed DOW -1.9% /quotes/zigman/43108768/delayed NASDAQ -2.2%

need to know
FTSE 100 hits lowest level since 2012
Sweden cuts k ey rate further below zero
Société Générale profit up on Amundi stake sale
Crude price pushes below $27 a barrel
Shell cancels $14.4 billion bridge credit facility
Zurich posts bigger-than-expected loss
Akzo Nobel in talks to buy BASF coatings unit
Chinese group bids $1.2 bln for Opera Software
U.S. government runs $55 billion budget surplus

Twitter proves Wall Street critics were right
Twitter adds new timeline feature

Hong Kong stocks dive 3.9% as selloff kicks off

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


North Korea reportedly executes top general

Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Burger King to start selling hot dogs

Wendy's profit, revenue top estimates
McDonald’s breakfast boost may not last


BP CEO calls for cuts to carbon emissions
Supreme Court blocks Obama’s carbon cuts

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Christie, Fiorina drop out of presidential race

A break for zombie-fighting Amazon developers

Expedia doesn’t see Airbnb as a threat

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

What Apple, Amazon and Starbucks have in common
Amazon up after new share buyback plan

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Musician Lenny Kravitz owned the 19th-century Creole cottage in the French Quarter of New Orleans from 1994 to 2012. It's now back on the market at $1.16 million.

RE/Max N.O. Properties/Mansion Global
A bona fide celebrity abode — believe it or not
London house of the week has spiritual side
S.F. real estate looked like this in 2000, too
Location Scouts: Insider intel from top markets

REIT bonus targets at heart of Brixmor scandal

Why is everyone freaking out about ‘CoCos’?

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Is it wise to hold on to cash reserves?

/conga/frontpage.html 367666

Markets »

122.29MDow Volume:
Avg Vol: 131.80M
Unchanged
201
Decliners
3048
Advancers
3255
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 15,915 -100 0.62%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 +15 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,852 0 0.02%
GlobalDow
/quotes/zigman/629063/realtime 2,061 -19 0.90%
Gold
/quotes/zigman/33772884/delayed 1,217 +23 1.88%
Oil
/quotes/zigman/2260836/delayed 26.61 -0.84 3.06%
FTSE 100
/quotes/zigman/3173262/delayed 5,511 -162 2.85%
DAX
/quotes/zigman/2380246/delayed 8,715 -302 3.35%
CAC 40
/quotes/zigman/3173214/delayed 3,901 -160 3.94%
FTSE MIB
/quotes/zigman/1482176/delayed 15,883 -831 4.97%
IBEX 35
/quotes/zigman/2759620/delayed 7,813 -330 4.06%
Stoxx 600
/quotes/zigman/2380150/delayed 303 -12 3.85%
Asia Dow
/quotes/zigman/6959860/realtime 2,441 -13 0.53%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,047 -712 3.00%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.26%
Yen
/quotes/zigman/16008150/realtime/sampled 111.32 -2.03 1.79%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.54%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 -0.01 0.92%
DXY Index
/quotes/zigman/1652083/delayed 95.50 -0.32 0.34%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.70 -0.19 0.21%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.61 -0.06 3.39%
German 10y
/quotes/zigman/15866409/realtime 0.17 -0.08 31.85%
Italy 10yr
/quotes/zigman/15866497/realtime 1.67 +0.02 1.31%
Spain 10yr
/quotes/zigman/15866444/realtime 1.74 +0.02 1.16%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.31 -0.10 7.18%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 3.06%
Gold
/quotes/zigman/33772884/delayed 1,217 +23 1.88%
Corn
/quotes/zigman/25518691/delayed 360 0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 15,560 -306 1.93%
S&P F
/quotes/zigman/43106711/delayed 1,812 -35 1.91%
Silver
/quotes/zigman/32655632/delayed 15 +0 1.33%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.00 1.46 1.47%
AAPL /quotes/zigman/68270/composite 94.27 -0.72 -0.76%
GOOG /quotes/zigman/59527964/composite 684.12 6.01 0.89%
BAC /quotes/zigman/190927/composite 11.98 -0.22 -1.80%
C /quotes/zigman/5065548/composite 37.41 -0.10 -0.27%
F /quotes/zigman/264304/composite 11.34 -0.01 -0.09%
T /quotes/zigman/398198/composite 36.43 -0.22 -0.60%
BP /quotes/zigman/247026/composite 28.04 -0.31 -1.09%
GE /quotes/zigman/227468/composite 28.30 0.02 0.07%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
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 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/118681/composite TSLA-3.09%
  • /quotes/zigman/41663/composite GLD+0.77%
  • /quotes/zigman/714403/composite SPY-0.09%
  • /quotes/zigman/22489978/composite RLYP-3.48%
  • /quotes/zigman/162154/composite NOK-1.02%
X
Powered by StockTwits
Link to MarketWatch's Slice.

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

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration