FOMC Rate Verdict as DJIA Hits 12,000… January 2011
The decision from the Federal Open Market Committee on interest rates came today as the Dow Jones Industrial Average was hitting 12,000 for the first time in more than two years. As you should…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 186AIG Delivers Taxpayers Good News on CEO Cancer Battle (AIG)
American International Group Inc. (NYSE: AIG) has announced an update on CEO Robert Benmosche’s battle against cancer. Mr. Benmosche should be able to fully remain in his position at AIG and on his previously…
Blast From the Past: China SPAC IPO Filing (PACQ, AUTC)
SPACs, the special purpose acquisition companies, were very popular during the private equity bubble and before the recession took hold. You hardly ever hear about them now. This week brought on a new SPAC…
Charges Cloud BofA Earnings (BAC)
Bank of America Corporation (NYSE: BAC) has reported earnings and the headline data will come as a disappointment. There are of course charges in the numbers, but the headline earnings was $0.04 EPS versus…
Warren Buffett’s Greatest Investments Of All Time
Many investors find no better teacher than Warren Buffett. His place as one of the world’s wealthiest men speaks for itself thanks to the almost unimaginable gains seen by Berkshire Hathaway Inc. (NYSE:BRK.A). 24/7…
Morgan Stanley Earnings Stand Apart From Goldman Sachs (MS, GS, AMTD, SCHW, WFC)
Profits at Morgan Stanley (NYSE: MS) rose 88% in the fourth quarter compared with the same period a year ago. Competitor Goldman Sachs Group Inc. (NYSE: GS) reported yesterday that its profits fell 52%.…
Uncle Sam’s AIG Sale, Lessons Learned from Petrobras and GM (AIG, JPM, GS, BAC, DB, PBR, GM)
The saga over government ownership of American International Group, Inc. (NYSE: AIG) is one which is likely to be with us for quite some time. It is hard to believe that CEO Robert Benmosche’s…
Bank Earnings Lack Gusto (GS, STT, USB, WFC)
There was a slew of bank and broker earnings out this morning and we broke out the top four for investors. The results are broadly mixed and a quick snapshot leaves a scenario where…
Top Earnings Previews For The Week Ahead (AAPL, IBM, GS, WFC, UNH, UNP, GOOG, APD, ARG, BAC, GE, SLB)
Earnings season is upon us and this week will mark the beginning of the flood of earnings reports. The most important earnings we are tracking will be from Apple Inc. (NASDAQ: AAPL), International Business…
Online Brokerage Firm Earnings: Return of Retail Investors (AMTD, SCHW, ETFC)
The S&P 500 Index rose about 17% in 2010, a good year by any measure. That rise apparently indicates that investors’ appetite for risk is growing. But is that actually the case? TD Ameritrade…
Taking a Bite Out of Citigroup on Earnings
Citigroup Inc. (NYSE: C) has announced its fourth quarter earnings and the headline data is both disappointing and somewhat not as representative as it seems on the surface. Earnings were positive for the fourth…
Sterling Sets Up Regional Bank M&A Trends for 2011 (SBIB, CFR, SBIBW, SBIBN)
Sterling Bancshares Inc. (NASDAQ: SBIB) is one of those banks that no one has ever heard if they are outside of Texas. The reason that investors and consumers outside of Texas now have to…
“Selling the News” on J.P. Morgan Earnings (JPM)
Banks may have the wind at their backs, but there appears to be a ‘sell the news’ reaction this morning after J.P. Morgan Chase & Co. (NYSE: JPM) reported its fourth quarter earnings. The…
PIIGS Banks Get Reprieve From Spain (STD, BBVA, NBG, AIB, IRE)
Yesterday was Portugal helping out, today is Spain… Debt sales that is. A debt sale in Spain is so far being hailed as a minor success and this comes on the heels of a…
South Korea’s Rate Hike Surprise Versus U.K. & E.U. (EWY, KF, KEF, PKX, KEP, SKM, SKOR)
The news was expected to be setting up for headlines such as “No rate hikes from the Bank of England nor from the European Central Bank” this morning. South Korea changed that news flow. …