BankStocks

The Dow Jumps as Oil Dips and Banks Rally


After a rough opening session on Monday, stocks rebounded sharply on Tuesday. The Dow enjoyed a triple-digit gain after oil prices eased and bank shares bounced higher on the possibility of further dividend payouts and share buybacks.

Six Reasons Why Goldman Is Wrong on a Banking Recovery

On Thursday night, venture capitalist and DailyFinance columnist Peter Cohan went on CNBC's The Kudlow Report to debate whether the banking industry is at the start of a period of recovery, as Goldman Sachs claimed this week. Here's why he argued that Goldman was dead wrong.