The Best Big Credit Card Issuer Stock for 2014
Thinkstock24/7 Wall St. has been evaluating peers and rivals for valuation analysis now that the end of the year is coming up. Stocks have been challenging all-time highs and the S&P 500 index is…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 109BofA Raises $500 Million for Green and Renewable Energy Projects
ThinkstockBank of America Corp. (NYSE: BAC) is having a bit of an unusual bond sale, and it is something we might have overlooked had it been anything else but this. The bank has issued…
Junk Bond Spreads Have Tightened Handily Again
Thinkstock24/7 Wall St. has not been covering the junk bond market as much of late because spreads were in a narrow range for quite some time. That was then. The 10-year Treasury note hit…
Which Big Bank Is the Best Stock to Buy for 2014?
ThinkstockThe country’s largest banks have had a pretty good year so far in 2013 and an even better trailing 12 months. Nothing seems to be able to quench investors’ appetite for bank stocks, including…
NBG Must Like a Greek Budget Surplus
thinkstockShares of National Bank of Greece S.A. (NYSE: NBG) are chugging higher on Thursday. There has not been any direct news out of the company to account for the gain, but the national news…
Is $13 Billion Finally the Last Major Settlement for JPMorgan?
Wikimedia CommonsJamie Dimon of J.P. Morgan Chase & Co. (NYSE: JPM) may still be a great banking CEO, but he is far from the bulletproof CEO he was considered to be back before his…
European Central Bank Considers Negative Deposit Rates
ThinkstockThe European Central Bank (ECB) is considering even more easing than the official rate cut we saw recently. Now there is talk that easing could be taken as far as creating negative rates. Bloomberg…
Yes, Bitcoin Could Hit $1,000
Wikimedia CommonsThe mystery behind Bitcoin is getting even more mysterious. The virtual currency keeps hitting new highs each day, and this is coming ahead of congressional hearings and regulatory bodies wanting their own form…
GE Formalizes IPO Plan for Retail Finance Unit
ThinkstockGeneral Electric Co. (NYSE: GE) is finally slimming down its retail finance business with a larger swipe, at least as far as the parent’s exposure to the company. We have spoken with people at…
Moody’s Cuts Ratings of J.P. Morgan, Goldman Sachs and Other Big Banks
ThinkstockFour of the largest U.S. banks saw their ratings from Moody’s Investors Service cut on Thursday. The agency cited the reduced likelihood that the government would help Bank of New York Mellon Corp. (NYSE:…
Fighting Low Stock Prices, Annaly Insiders Buy Shares
Annaly Capital Management, Inc. (NYSE: NLY) is in the crazy world of mortgage-backed securities real estate investment trusts. These MBS REITs can be incredibly volatile, and they generally come with massive dividend yields to…
Why Do Bitcoins Keep Rising in Value?
Wikimedia CommonsThe world of Bitcoin and virtual currencies is a strange one. Imagine an open source currency with a digital life and no real nation behind it. Then imagine that the price of the…
CME Group Gets Boost from International Trading Volume
ThinkstockCME Group Inc. (NASDAQ: CME) reported third-quarter 2013 results before markets opened Monday morning. For the quarter, the exchange operator posted adjusted diluted earnings per share (EPS) of $0.75 on revenues of $714.6 million.…
This Is What Is Killing AIG After Earnings
Wikimedia CommonsAmerican International Group Inc. (NYSE: AIG) may still be out of favor among much of the public for its role in the financial meltdown, but now it is back in a more normalized…
China Readies Mortgage Securitization Plan, Will Include Foreign Banks: Reuters
ThinkstockTaking a page out of the U.S. handbook on how to package loans so that no one can understand them, Chinese officials are considering expanding a pilot program that allows the country’s domestic banks…