Thursday will mark yet another important day for this earnings season. The second quarter became more challenging for many companies, as we noted about so many tech warnings weighing on shares last week. We…
Bank of America Corporation (NYSE: BAC) has joined the money-center banks in beating earnings expectations. Excluding items, Bank of America earnings came to $0.19 per share and revenue was $21.97 billion. We had a…
If you were just looking at Goldman Sachs Group Inc. (NYSE: GS) you might think that all was well on Wall St. after the bulge-bracket firm beat its earnings estimates. When you look elsewhere…
Special purpose acquisition firm Hicks Acquisition Co. II, Inc. (NASDAQ: HKAC) went public in October 2010 and closed its doors today after failing to complete its acquisition of privately held Appleton Papers. According to…
So far, Citigroup, Inc. (NYSE: C) is getting a favorable reaction to its second-quarter earnings report. The international banking giant’s earnings came in ahead of Wall St. consensus targets from Thomson Reuters, while revenues…
Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The bank still shows why…
Jamie Dimon appears to have escaped the worst if you look through the earnings and trading losses at J.P. Morgan Chase & Co. (NYSE: JPM). While the initial reaction shows that the stock was…
The ongoing calls to bring change at Procter & Gamble Co. (NYSE: PG) are growing. The company’s shares have become stuck and many investors feel that the company has grown too large to be…
Jon OggThe US dollar continues to flex its muscles today, following the release yesterday of the minutes of the FOMC’s June meeting. The minutes revealed little enthusiasm for another round of quantitative easing, and…
Investors are treating U.S. Treasury debt more favorably than gold at the moment. The U.S. just saw its “AAA” rating from Fitch maintained late on Tuesday and now we are reminded why the research…
This Friday is going to mark a key earnings day when we get earnings from J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC). These two earnings reports will…
Fitch Ratings is maintaining a “AAA” rating for United States. The ratings affirmation pertains to the long-term foreign and local issuer default ratings and the U.S. Treasury security ratings. Fitch is also maintaining that…
The National Federation of Independent Business (NFIB) reported that its small business optimism index fell 3 points in June to 91.4, the lowest level since October of last year. The most frequently cited (23%)…
Coldwater Creek Inc. (NASDAQ: CWTR) is nothing short of a highly unusual winner today. The news is that the women’s apparel retailer announced the closing of a five-year, $65 million senior secured term loan…
The now-former CEO of Barclays plc (NYSE: BCS), Robert Diamond, has given up his claim on $31 million in stock bonuses after being forced to resign following the scandal over the bank’s fiddling with…