Is Citi Worth $5.60? Or $56 Soon? (C, GS, BAC)
UBS Securities has failed to make a dent in the price of Citigroup, Inc. (NYSE: C) today, despite a positive research call in the banking sector. The Swiss bank issued a Buy recommendation on…
Banking, finance, and taxes
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Newest first · Page 180Dunkin Brands Finally Files For IPO, A Private Equity Bonanza
Dunkin’ Brands Group, Inc. has finally filed to come public. This is one of those IPOs which has long been on teh watch list but one which was never known exactly when the filing…
Berkshire Hathaway & Warren Buffett Add More Wells Fargo Shares (BRK-A, BRK-B, WFC)
We took a look through more of the earnings data from the Berkshire Hathaway Inc. (NYSE: BRK-A; BRK-B) annual meeting this morning and there was one key change in the stock holdings. We detailed Buffett’s full holdings…
M&A Watch: Lawson, Icahn, and Private Equity (LWSN)
Lawson Software, Inc. (NASDAQ: LWSN) has managed to figure out a way to greatly underwhelm investors and speculators alike. The company agreed to a sale price that is south of where the shares had…
Dividend Watch: Making More Income Off Your Health Insurer (HUM, UNH, AET, WLP, CI)
Humana Inc. (NYSE: HUM) just became the newest dividend player when it comes to health insurers. Maybe you aren’t happy about the cost of healthcare, but at least you can now collect higher income…
Wells Fargo Delivers on Earnings, Value Catching Up (WFC)
Wells Fargo & Co. (NYSE: WFC) has just reported record net income of $3.8 billion on 49% year over year earnings growth to $0.67 EPS despite a near-5% sequential decline in revenues to $20.3…
Goldman Sachs… Earnings in Golden Slacks (GS, BRK-A)
GS.COMGoldman Sachs Group Inc. (NYSE: GS) managed to beat earnings expectations this Tuesday. The bank holding company without a bank reported earnings of $ 1.56 EPS and revenues fell 6.9% to $11.89 billion. Thomson…
Bank Earnings Versus Actual Book Values (CMA, NYB, NTRS, RF, SBIB, STT, USB)
We are seeing several key bank earnings now that our two DJIA component-banks have already reported earnings. We have briefly given note of the earnings report on each bank this morning, but our focus right…
Why Some Key IPOs Are Hitting After-Market Lows (DMD, KMI, GM, SQNS, ZIP)
The good news for the IPO market in 2011 is that investors are willing to pay for IPOs. They are even willing to overpay for quality IPOs. The problem is when these get fully…
Goldman Sachs Earnings Preview (GS, BRK-A)
GS.COMGoldman Sachs Group Inc. (NYSE: GS) is due to report its first quarter earnings Tuesday morning. Thomson Reuters has estimates for “The Bank Holding Company” that has no bank at $0.82 EPS and $10.18…
Citi Mixes Earnings Metrics, Trading Under Book Value (C)
Citigroup Inc. (NYSE: C) is continuing to show some improvements from its near-implosion. The money center bank reported earnings were about $3 billion and were reported as $0.10 EPS and revenues were roughly $19.7…
ADR Watch: Irish Banks Mostly Shake-Off Moody’s Downgrade of Ireland (AIB, IRE)
When you see the ratings agencies downgrading a sovereign nation to the last rung of investment grade and with the outlook still cautious to negative, you generally would consider that it would be a…
BofA Missed Opportunity, But Now Under Book Value (BAC, AGO)
Bank of America Corporation (NYSE: BAC) is out with its first quarter earnings and there is some ammo for bulls and bears alike. Earnings of $2.05 billion were reported as $0.17 EPS and revenues…
Earnings Preview for Bank of America (BAC, JPM, WFC)
Bank of America Corporation (NYSE: BAC) is due to report earnings on Friday morning and this will be the third DJIA component to report this week and the second of the DJIA financial components. Thomson…
Merger Watch: When Billionaires Leave, The MGM De-Merger (MGM)
MGM Resorts International (NYSE: MGM) was a company that many figured would get gobbled up during the casino grab days of the private equity bubble. We all know what happened, and at one point…