KBW Shares Plunged: What You Need to Know (AI, GLCH, KBW)

KBW Shares Plunged: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of investment banker KBW (NYSE: KBW ) plunged as much as 10% in early action today on heavy but uneven volume.

So what: KBW's fourth quarter was a major disappointment, including earnings' being less than half of the $0.23 per share the Street was looking for. The company also had the misfortune of unleashing its report on the same day the government presented bad news on jobless claims and consumer prices, which also sent shockwaves through the financial sector.

Now what: This stock gets five out of five stars on Motley Fool CAPS, but that could be a mistake based on a lack of data. Only 42 investors have offered an opinion on the stock, while small-cap investment peers Arlington Asset Investment (NYSE: AI ) and Gleacher & Co. (Nasdaq: GLCH ) each have more than three times as many ratings, and much lower star counts. Scoot over to CAPS and weigh in on KBW's prospects.

Interested in more info on KBW? Add it to your watchlist.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

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