30-Year Bond Auction A Mild Success (TBT)
The latest results from a 30-Year Treasury Bond auction did not manage to turn the bond momentum back in favor of lower yields and higher prices. The bid went out at 3.38% and the…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 162Goldman Sachs And Caveat Emptor
GS.COMGoldman Sachs (NYSE: GS) was attacked by an executive director who left today. The reason for his departure was that he thinks Goldman is a culture of devils who love money and take advantage of gullible clients. On…
Bernanke Speech To Community Banks, From Afar
A speech is being delivered by Fed Chairman Ben Bernanke to community banks at the Independent Community Bankers of America National Convention and Techworld in Nashville, Tennessee. This was a pre-recorded speech and Bernanke…
Was MetLife Improperly Hosed? (MET)
If you were preparing for the bank stress tests all week (and last week), chances are high that MetLife, Inc. (NYSE: MET) was not on your list of companies which would pass or fail…
Why I am Disappointed in J.P.Morgan’s Dividend Hike & Buyback Plan (JPM, BAC, WFC)
J.P. Morgan Chase & Co. (NYSE: JPM) was truly a shoe-in as far as whether or not the bank was going to pass the latest stress tests or not. CEO Jamie Dimon maintained the…
More On The Stress Tests
Almost all of the stress tests for America’s 19 largest banks demonstrated the financial companies possess adequate capital to survive an economic event similar to the Great Recession. One exception was Citigroup (NYSE: C). Citi has had over two years to get…
J.P. Morgan Raises Weak Dividend, Pleases on Buyback & Stress Test (JPM, BAC, C, WFC)
J.P. Morgan Chase & Co. (NYSE: JPM) has raised its dividend as we expected. Good news on the surface, but a true disappointment in reality. The bank has declared a quarterly dividend of $0.30…
FOMC Maintains Low Rates To Late 2014 Stance
As expected, Ben Bernanke and the FOMC left interest rates unchanged yet again. With a recent in-line unemployment and payrolls report and with Mr. Bernanke having already testified before Congress, we just were not…
Fed Bank Stress Tests Out–Assume An Apocalypse
The new Federal Reserve bank stress tests will be hard to pass–if not impossible. The Fed released the guidelines: The supervisory stress scenario for CCAR (Comprehensive Capital Analysis and Review) 2012, which was designed in November…
Looking for Big Dividends & Buybacks After Stress Tests (JPM, WFC, C, BAC, BK, STT, GS, MS)
The next wave of stress tests on the U.S banks is due to come out by the end of this week. The Federal Reserve is expected to show that bank balance sheets have improved,…
After Bank Stress Tests: Dividend & Buyback Predictions… A Double? (JPM, WFC, BK, STT, BAC, C, GS, MS)
The next wave of stress tests on the U.S banks is due in the coming week. While many of the banks have reportedly been asking regulators to be less transparent, there are some banks which…
Why Should Banks Not Add New Customer Fees?
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. The press and customer…
S&P Cuts Greece to ‘Selective Default’ (NBG)
Greece has all but formally defaulted on its debt if you remove the winks and nods from the ‘exceptions to the rules’ of what constitutes a default. Standard & Poor’s Ratings Services has issued…
Warren Buffett Bought Shares of J.P. Morgan (WFC, BAC, JPM)
Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK.A) have invested in banks on and off, and the public filings show that Berkshire is a larger and larger stake holder in Wells Fargo & Co.…
Moody’s Bank Downgrade Warnings Look Very Staged (CS, MS, UBS, BCS, DB, GS, HBC, BAC, NMR, FAS)
If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to the party. …