Category: Markets

Making Sense of Bank Stock Valuations

“The techniques used for valuing bank stocks tend to be a moving target,” explains bank analyst Richard Bove. What causes bank stocks like Wells Fargo WFC 0.98% to trade for significantly higher valuations than...

Why Amazon’s Stock Is Suddenly Up 20%

Investors are cheering the firm’s surprise second-quarter profit Shares of Amazon were up some 20% Friday morning, adding more than $44 billion to the company’s market value, after strong growth in the company’s cloud...

NYSE Explains Why It Went Down Wednesday

It all comes down to a botched software update The New York Stock Exchange crashed Wednesday at 11:32 a.m. ET and remained down for exactly 3 hours and 38 minutes. It caught many traders...