The Travelers Companies Inc. (NYSE: TRV) reported first quarter earnings this morning that were lower than for the same period a year ago, but well above consensus estimates. The company posted revenue of $6.4…
Bank of America Corporation (NYSE: BAC) has reported its earnings and the headline numbers may look like a disappointment at $0.03 EPS from its $653 million in earnings. Revenue was $22.5 billion net of…
Spain auctioned $3.2 billion in bonds. Demand was solid. Spain paid high yields, but not as high as many had feared. Yields well above 6% would signal that the nation could not sustain the…
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) will be in the news quite a bit now that the world’s most famous investor, chairman Warren Buffett, has been diagnosed with prostate cancer. We already have…
Warren Buffett is supposed to be invincible. Unfortunately the world is finding out that this is not the case. A disclosure letter came from Mr. Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B)…
Guidewire Software, Inc. (NYSE: GWRE) has been a powerful IPO and now insiders are unloading stock. The company filed this Monday to offer 750,000 shares of common stock which are being sold by the…
Carlyle is already one of the top and largest private equity firms in the world. Now it is set to be valued somewhere around $7.6 billion if its pricing goes off around the current…
Citigroup, Inc. (NYSE: C) has reported that the bank made a profit of $2.93 billion in the first quarter. Outside of special items the bank’s earnings came to $1.11 in earnings per share. The…
Earnings season for the first quarter of 2012 is upon us and 24/7 Wall St. wanted to see how the tale of the tape is treating the companies reporting earnings. Our aim is to…
The total 2011 compensation package for Goldman Sachs Group Inc. (NYSE: GS) CEO Lloyd Blankfein was chopped by $6.7 million to $12.4 million, 35% below his 2010 total pay of $19.1 million. Under SEC…
Wells Fargo & Company (NYSE: WFC) is out with its first quarter earnings and the reaction looks a bit mixed on the surface. The bank reported earnings growth of 11% from the prior quarter…
J.P. Morgan Chase & Co. (NYSE: JPM) has reported its first-quarter earnings results ahead of expectations. The top bank in America earned net income of $5.4 billion in the first quarter versus $5.6 billion…
Friday morning will mark the start of earnings season as far as the financial sector and the money-center banking giants are concerned. While there was a strong rally in the first quarter in financial…
Bernie Madoff was the ultimate scum if you consider the size, time period and numbers of clients that his Ponzi scheme damaged. It was billions of dollars lost. There may be a new scum…
GS.COMGoldman Sachs Group Inc. (NYSE: GS) just seems as though it cannot get out from under the negative spotlight. The Securities and Exchange Commission charged that the brokerage and trading firm (or bank holding company…