Why Stellar Bank Earnings Aren't Enough David George's warning about the disconnect between stellar bank earnings and stock performance has a familiar ring to it.
The phrase "buy the rumor, sell the news" is a common phenomenon in finance, but its reappearance at this juncture raises questions about just how much we've truly learned from past experiences.
In an era where banks are touted as some of the most stable institutions on Wall Street, one would expect their earnings reports to translate directly into stock gains.