ThinkstockIs it possible that the great big bank stock rally is already done? Shortly before the closing bell on Tuesday came words of warning from Fitch Ratings that the U.S. banking sector’s improved results…
ThinkstockWe have argued for years that being Triple-A rated is not what is used to be. Still, when countries lose their highly prized “AAA” rating it is worth a real look. On Friday we…
Jon OggThe bull market had no economic announcements to propel stocks on Friday. Most earnings reports in the past 48 hours from Dow Jones Industrial Average companies have been lackluster, but investors may be…
The Federal Reserve may have released its Beige Book on Wednesday showing no real risks to quantitative easing and to the $85 billion per month used for buying bonds. Despite three weak economic readings…
courtesy of Morgan StanleyMorgan Stanley (NYSE: MS) reported first-quarter 2013 results before markets opened this morning. The bank reported adjusted diluted quarterly earnings per share (EPS) of $0.50 on revenues of $8.2 billion. In…
Courtesy of American ExpressAmerican Express Co. (NYSE: AXP) today reported first quarter results after markets closed today. The financial services company reported diluted earnings per share (EPS) of $1.15 on revenues of $7.88 billion.…
ThinkstockA speech from Federal Reserve Bank of St. Louis president James Bullard is giving some support for bonds, and it may offer some continued support for equities, as both stocks and bonds are addicted…
ThinkstockDutch-based bank insurance giant ING Groep N.V. (NYSE: ING) has filed an amended Form S-1 with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of 64.2 million shares in an…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseBank of America Corp. (NYSE: BAC) is out with it first-quarter earnings, and the report leaves a little something to be desired. Earnings were $2.6…
ThinkstockStern Agee issued a research call on Monday that may have been lost in the shuffle with gold tanking and with a terror attack hitting the Boston Marathon. The firm raised its expectations for both…
Wikimedia CommonsGoldman Sachs Group Inc. (NYSE: GS) reported first-quarter fiscal 2013 results before markets opened this morning. The investment bank and financial services giant reported quarterly diluted earnings per share (EPS) of $4.29 on…
Wikimedia CommonsA group of investors in J.P. Morgan Chase & Co. (NYSE: JPM) have filed a shareholder proposal calling for the bank’s board of directors to name an independent chairman, splitting the two roles…
Flickr / rOsssCitigroup Inc. (NYSE: C) reported first-quarter results before markets opened this morning. The bank posted adjusted diluted quarterly earnings per share (EPS) of $1.29 on revenues of $20.8 billion. In the same…
We have two initial public offerings (IPOs) out today. Both Evertec Inc. (NYSE: EVTC) and Rally Software Development Corp. (NYSE: RALY) have begun trading this morning, and so far both stocks have posted significant…
ThinkstockWells Fargo & Co. (NYSE: WFC) reported fiscal first-quarter results before markets opened this morning. The bank reported that quarterly diluted earnings per share (EPS) totaled $0.92 on revenue of $21.3 billion. In the…