Banks Ready to Kill Greek Bailout
Several large banks, with Deutsche Bank (NYSE: DB) in the lead, are prepared to kill a bailout of Greece. Well-known DB chief Josef Ackermann says new plans to have banks take a greater burden…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 168Moody’s Downgrade Highlights Sprint’s Finance Issues (S, AAPL, CLWR)
Sprint Nextel Corporation (NYSE: S) just can’t catch a break. Even getting the iPhone from Apple Inc. (NASDAQ: AAPL) is going to be a real problem for Sprint. Dan Hesse went out of his…
Credit Cards, Partial Havens After J.P. Morgan Credit Comments (JPM, AXP, COF, V, MA, PAY)
J.P. Morgan Chase & Co. (NYSE: JPM) is trading lower after its earnings report, but there were some bright spots inside an otherwise confusing earnings report. The most noticeable area was credit cards. This…
J.P. Morgan Earnings Confusion, Huge Discount To Book Value (JPM, BAC, WFC, C, FAS)
Whether or not you like the earnings report from J.P.Morgan Chase & Co. (NYSE: JPM) probably depends upon which news outlet you read. The earnings are lower, but by less than expected. Earnings came…
Earnings Hat Trick: Ignore Bank Book Values (JPM, BAC, C, WFC, GS, MS, BBT, BK, COF, FITB, PNC, STI)
You hear it all the time… “This bank is so cheap against book value that it cannot go lower.” Book value, and even tangible book value, has become a pre-recession metric that just does…
The Great Dividend Portfolio… Safety That Outperforms The Market (MO, AEP, AWK, T, DLR, GE, GOV, KMB, KMP, SNH, WMT)
When the summer selling was reaching a first climax in August, 24/7 Wall St. released “The Great Dividend Portfolio” for dividend investors who search for both high-yield and some degree of safety through hard…
New York City to Lose 10,000 Financial Jobs
New York State Comptroller Thomas P. DiNapoli has released a report that says Wall St. will lose 10,000 jobs by the end of next year. This is part of the normal cycle big financial…
When Junk Bonds Are Just Priced Too Ugly (HYG, JNK, HYT, PHK, HYF)
Barron’s is talking up junk-rated debt. We have been expecting that some media outlets would begin to notice how the spreads over Treasury yields were growing and growing and now offer 10% yields in…
Sprint’s Few Positive Analysts Revolt Against It (S, AAPL, T, VZ)
When it comes to the world of cellular telecom providers, Sprint Nextel Corporation (NYSE: S) is the weakling on the block. Despite its release of the iPhone for Sprint from Apple Inc. (NASDAQ: AAPL), there…
Bank Of American: $5 Card Fees And $11 Million Severance Packages
The media has struggled to understand why thousands of protesters have occupied Wall St for days and seem to have no plans to leave. It is simple on one level: the protestors read the…
Fitch Throws Downgrades For Italy & Spain (EWI, EWP)
The ratings agencies are at it again. We have noted that the PIIGS will continue to see downgrades and that is what we are seeing today. Fitch downgraded both Italy and Spain. Shares of iShares…
Rethinking of E*TRADE as Buyout Bait (ETFC, SCHW, AMTD, GS, MS)
E*TRADE Financial Corporation (NASDAQ: ETFC) has been discussed by many market pundits as a takeover target since the recovery out of the recession. The online brokerage giant has been doing almost everything that it…
Tim Geithner Bails Out Financials, Without A Single Dollar (MS, GS, BAC, WFC, C, JPM)
Tim Geithner is probably tired of having to come to the rescue of financial firms, which are all some part of the Occupy Wall Street protests. Yet that is what he did today. Treasury…
European Central Bank Sticks Its Head In The Sand
We, and many others, have noted over and over how the European Central Bank is failing to recognize and failing to remedy the notion that its ship is sinking. It was not widely expected…
Top Debt and Ratings Agency Actions (PKX, HOV, PENN, DRI)
Today’s top debt rating story has to be the downgrade by Moody’s of Italian bonds by three notches, from ‘Aa2’ to ‘A2’, while keeping a negative outlook on the country’s debt. And the agency…