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Buying opportunities in the beaten down banks?

With Deutsche Bank making headlines daily, it's been a rough start to the year for financials, but some analysts remain optimistic on the sector.
Source: CNBC.com | By: Christine Wang
UPDATE 1-Banks eye more cost cuts amid global growth concerns

Feb 9- Goldman Sachs Group Inc and other U.S. banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany's Deutsche Bank AG have sent the sector's shares down sharply. "We can absolutely do a lot more on the cost side if we have to, especially now, when you have to deliver a return," Goldman Chief...
Source: Reuters | By: Olivia Oran
Regional bank stocks see turnaround  

CNBC's Bob Pisani explains the factors that are sending S&P higher.
Source: CNBC.com
4 star manager Dave Ellison is banking on a turnaround in the financials

Despite a rocky start to 2016, Hennessy Funds manager Dave Ellison thinks the financial sector remains an important part of the U.S. economy
Source: CNBC.com | By: Kerima Greene
UPDATE 4-Goldman posts smallest profit in 4 years; revenues top estimates

Jan 20- Goldman Sachs Group Inc reported its smallest quarterly profit in more than four years as a $5 billion legal settlement from the financial crisis added pain to an already tough three months. Net revenue fell 5.4 percent to $7.27 billion, but topped the average analyst estimate of $7.07 billion. Net income applicable to common shareholders dropped to...
Source: Reuters | By: Richa Naidu and Sudarshan Varadhan
UPDATE 3-Goldman posts smallest profit in 4 years after bond settlement

Jan 20- Goldman Sachs Group Inc reported its smallest quarterly profit in more than four years as a $5 billion settlement of crisis-era legal claims added pain to an already tough three months. Like other banks, Goldman had a rough year as oil prices plummeted, concerns about China's economy intensified, and nervousness about the timing and pace of U.S. interest...
Source: Reuters | By: Richa Naidu and Sudarshan Varadhan
BofA earnings beat tempered by oil price worries

Bank of America reported a 9.8 percent rise in profit for the final quarter of the year, helped by lower expenses.
Source: CNBC.com | By: CNBC.com staff
UPDATE 4-BofA earnings beat tempered by concern about weak oil prices

*Fourth-qtr EPS $0.29 vs. est. Bank of America said on Tuesday its provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. The bank has $21.3 billion in energy-related loans, representing about 2 percent of total loans, Chief...
Source: Reuters | By: Sweta Singh
UPDATE 2-BofA profit up as costs drop, revenue rises in most businesses

Reflecting this, Bank of America's provision for credit losses in global banking increased by $264 million in the quarter ended Dec. 31, mainly due to higher energy-related charge-offs and reserve increases for energy exposure. BofA said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the quarter, from $2.74...
Source: Reuters
UPDATE 1-Bank of America's quarterly profit rises 9.8 pct

BofA, the No. 2 U.S. bank by assets, said its net income attributable to common shareholders rose to $3.01 billion, or 28 cents per share, in the three months ended Dec. 31, from $2.74 billion, or 25 cents per share, a year earlier. BofA, whose shares were up 1.6 percent in premarket trading, has been hit by high legal costs since the financial crisis, undermining many of the...
Source: Reuters