The financials sector is never short on news, but if you're short on time, let me do the leg work for you. I've dug through The Motley Fool's financial sector coverage over the past week to highlight five stories you don't want to overlook.
Read on for this week's big news.
1. 1 Thing From JPMorgan Investor Day That Surprised Me
John Grgurich had several takeaways from JPMorgan Chase's (NYSE:JPM) Investor Day, and in this piece, he opines on "the depth of talent on the JPMorgan management bench." In addition to the obvious, Jamie Dimon, Grgurich highlights other key members of the executive team -- where they came from and where he thinks they might be going. As any Foolish investor knows, good management can make all the difference for a big company like JPMorgan.
2. The Sequester, and How Not to Solve a Budget Problem
"Federal spending is going to be cut by $1.1 trillion over the next decade, starting [today]. Neither party is happy about it, and almost everyone thinks it's a bad idea."
Morgan Housel outlines the details of the sequester -- which began yesterday, March 1 -- noting the places spending cuts both occur and don't occur ... all the while wondering if we're going about this completely backwards.
3. 3 Banks Bucking the Sell-Off
With the S&P 500 down nearly 3% in the past week, and the S&P's bank stocks down 3.5%, Motley Fool financials analysts Matt Koppenheffer and David Hanson take a look at which banks may be bucking the downward trend this week. You may not be surprised to learn that Wells Fargo (NYSE:WFC) is on that list.
4. 4 Critical Dates for Bank of America
If you're a Bank of America (NYSE:BAC) investor, put these dates on your calendar. Stress test results and the settlement of some of B of A's legal troubles are two of the things John Maxfield previews for the coming months.
5. 5 Important Charts About Banking
Everyone's favorite financials Fool (or just mine?) John Maxfield is back this week with more awesome charts. If you're a bank investor and you're struggling to understand some of the nuances of their (complicated) businesses, give John a chance to illuminate some things for you. By the time you finish reading, you may have a different impression of how big banks are performing post-financial crisis.