Bank of America Corporation (NYSE: BAC) has just scored its saving grace. Berkshire Hathaway Inc. (NYSE: BRK-A) is investing $5 billion in 6% preferred shares and warrants. What makes this different from other bank…
Bank of America Corporation (NYSE: BAC) has been the subject of more rumors and more speculation than one could imagine. Most of the rumors and speculation feel like 2008 rather than 2011. There is…
J.P. Morgan Chase & Co. (NYSE: JPM) is the highest credit quality of the money center banks in America. Bank of America Corporation (NYSE: BAC) is not. Far from it. You have seen the…
There is a rumor circulated on Wall St. that JP Morgan (NYSE: JPM) will take over Bank of America (NYSE: BAC) within the week. The government will support the deal with a $100 billion…
If you have ever seen a private equity wish list if companies, Whole Foods Market, Inc. (NASDAQ: WFM) would be on it. The stores are sleek, the products are at a premium, and its…
A memo from Bank of America CEO Brian Moynihan (NYSE: BAC) says that the financial firm will cut 3,500 jobs this quarter. Further restructuring could push that number as high as 10,000. Analysts have forecast…
So much for hope… Seeing a 400 point drop in the DJIA all over again is one thing, but get this: THE TEN-YEAR TREASURY YIELD JUST WENT BACK UNDER 2.00%. Dow Jones ran a…
If you can count on the Europeans to do one thing, it is to invent new taxation methods regardless of whether or not it makes sense. After Merkel and Sarkozy met today, in what…
The 2011 Class of Private Equity-Backed IPOs is really off to a rough start. The market conditions of late have all culminated to create a cautious IPO environment and even a cautious private equity…
It was once upon a time that the ratings agencies used to have Warren Buffett’s own company of Berkshire Hathaway Inc. (NYSE: BRK-A) as a “AAA” rating. It was one of the few, but…
ThinkstockCaribou Coffee Company, Inc. (NASDAQ: CBOU) is just one of the companies in the coffee system that has enjoyed great returns of late. This retailer has chased the performance of Green Mountain Coffee Roasters…
Bank of America Corp. (NYSE: BAC) is selling more assets as it raises capital in an effort to stem the drop in the company’s share price related to its purchase of Countrywide in 2008.…
Shares in Bank of America Corp. (NYSE: BAC) are up more than 5.5% today following reports that the bank selling some assets to raise cash. There is also some speculation that the bank is…
The Treasury has just held a $24 billion 10-Year Treasury Note auction that seems almost baffling. The auction high rate was 2.14% and the Treasury received $77,38 billion in bids. Primary dealers were given…
If you know one thing about the meltdown that took place in 2008 and then again in 2009, you know that rumor mongering exacerbated the situation massively. To say whether or not Bear Stearns…