Bankrate, Inc. (NYSE: RATE) might as well have just changed its name to Bank-Hate. The personal finance content company guided revenues and earnings lower and shares are well below a prior 52-week low now.…
Citigroup Inc. (NYSE: C) is out with its third-quarter earnings report. Vikram Pandit and friends turned in earnings of $1.06 per share and $19.4 billion in revenue. These results compare to Thomson Reuters estimates…
Jeffrey Lacker, who is President of the Federal Reserve Bank of Richmond, is speaking this Friday at the Frank Batten School of Leadership and Public Policy at the University of Virginia. While his speech…
China has been trying to hold its own. The obvious growth shows how dependent the nation is upon exporting finished goods to the United States, Europe, and elsewhere. Standard & Poor’s is keying in on…
J.P. Morgan Chase & Co. (NYSE: JPM) reported fiscal third-quarter results before markets opened this morning. The banking and finance giant posted record diluted earnings per share (EPS) of $1.40 on revenues of $25.9…
Wells Fargo & Company (NYSE: WFC) posted a record net income of $4.9 billion for its third quarter. This is a 27% gain, and earnings per share of was up 29% to $0.88. Revenue…
One more of Jamie Dimon’s key aides at J.P. Morgan Chase & Co. (NYSE: JPM) has been caught in the reorganization that began with a multibillion trading loss at the firm’s London office. The Wall Street…
Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, is speaking today at the annual Helena branch Board of Directors meeting and community luncheon in Great Falls, Montana. While this might be just…
The Federal Reserve has released its latest Beige Book and it contains many of the same cautious and somewhat hopeful comments you have been hearing about before and after the FOMC’s decision to embark on…
The selling today and recent days in equities is driving the interest in Treasury notes and bonds again. Just when you thought that interest rates could not go much lower. Today brough a 10-Year…
Bank of America Corporation (NYSE: BAC) may have given the all-clear sign for the money-center banks ahead of earnings season. This may sound a bit conspiratorial, but investors often look for indications and telegraphs…
SunEdison LLC, a subsidiary of MEMC Electronic Materials Inc. (NYSE: WFR), will get financing for an 11.3-megawatt solar project from Wells Fargo & Co. (NYSE: WFC). The amount of the financing was not specified.…
It is no secret that we have grown cautious in the area of high-yield corporate debt, also known more commonly as junk bonds. Our concerns are not the underlying credit metrics of the companies…
When China’s economy was growing at double-digit rates (was it only a couple of years ago?), the Middle Kingdom became an investment target for U.S. firms looking for growth. That enthusiasm is starting to…
International Monetary FundLike nearly every other organization, economist and investor, the International Monetary Fund voiced concern about Europe in its new analysis. According to its Global Financial Stability Report: Risks to global financial stability…