What Will Drive Bank Stocks This Week?
In the following video, Motley Fool financial analyst David Hanson tells us about three major announcements coming up this week that banking investors are going to want to keep up with.
First, on Tuesday at 9 a.m. ET, the Federal Housing Finance Agency and Case-Shiller announce housing numbers, which will be big for the three biggest players in the mortgage origination market, Wells Fargo , JPMorgan Chase , and Bank of America . Next, Ben Bernanke will make a pair of announcements -- one at 10 a.m. on Tuesday to the Senate Banking Committee, and another at 10 a.m. on Wednesday to the House Financial Services Committee. Many will be listening closely to those announcements after the Fed released its minutes last week, which suggested that QE3 may be coming to an end sooner than previously thought. If so, it could have a wide range of impacts on the banking sector.
Finally, we get a few more broad economic stats, as we hear on Thursday the jobless claims and GDP numbers. In the video, David tells investors what the key things will be to listen for in these announcements, and how to interpret the numbers.
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The article What Will Drive Bank Stocks This Week? originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo and owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.