FOMC Preview
The Federal Open Market Committee begins its August meeting this morning and the official announcement should come within a few minutes of 2:15 PM EST. The market is looking for more help, via quantitative…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 198KKR Kills $500 Million IPO–A Sign Of The Times
KKR, the private equity firm, pulled its $500 million IPO. It made a similar move in 2007 as the investment markets fell apart. The large financial operation said the market conditions were not favorable,…
Can Ameritrade Buyback Enough Stock? (AMTD)
TD AMERITRADE Holding Corporation (NASDAQ: AMTD) is seeing a gain today after it announced a buyback plan of up to 30 million shares of common stock. When you consider its 576 million shares outstanding…
Consumer Credit Keeps Drying Up
Consumer credit keeps going lower and lower in the U.S. The Fed reported that June’s credit was down 0.7% on a seasonally adjusted basis with a $1.3 billion drop down to $2.42 trillion. We…
AIG Back to Making Billions, Sort Of (AIG)
American International Group, Inc. (NYSE: AIG) is making money on an operating basis. Joe Public, a.k.a. the Taxpayer, is making money then rightg? Maybe. Uncle Sam Insurance reported earnings of $1.14 EPS, above the…
Goldman Sachs vs. Fin-Reg: Prop-Trading Spin Off? (GS)
Every major brokerage firm and bank is trying to factor in just how much the recently passed Financial Regulation is going to have on their operations ahead. Goldman Sachs Group Inc. (NYSE: GS) may…
Opportunity Still Knocks in Riskier E.U. Banks (NBG, IRE, AIB, STD)
The recent bank stress tests in the E.U. on July 23 were arguably a greatly watered down test. But the stress test did act as a buffer on the Euro currency even more than…
Can Citi Unload Its Egg U.K. Internet Bank? (C, PUK)
Citigroup, Inc. (NYSE: C) is still trying to pare itself down to the core-Citi operations. It is going to take years to carry out. A story from Sky News in the U.K. is signaling…
Management Reshuffle Drives National Bank of Greece (NBG)
National Bank of Greece SA (NYSE: NBG) is following the charge of Greek banks by recovering today on top of major gains seen from their recent lows. National Bank of Greece had a press…
PIMCO’s Bill Gross Confirms Slower Growth Ahead, For Years
It is month-end, and bond magnate Bill Gross of PIMCO is out with a new round of predictions. The bond guru’s August Investment Outlook often has quirky ways of explaining things, and he’s using…
The Silly Notion of Deflation
Deflation… Bah humbug! The arguments are still relatively new over whether the global economy is headed for a double-dip recession or just an extended period of slow growth. There is a separate argument about…
Envestnet, Another IPO Meeting Soft Demand (ENV)
Envestnet Inc. is not looking like a solid IPO before it even gets out to the public. This is one of this week’s scheduled IPOs that is expected to begin trading on Thursday or…
July 2010 Beige Book, Neither Friend Nor Foe
The Federal Reserve has just released the Beige Book data showing a region by region breakdown of the economy. The report from the 12 Fed districts shows that the growth in the economy has…
The Surprises in a Mortgage Refinance Economy (FMCC)
There is still free money out there if you can qualify for it… Freddie Mac (OTC: FMCC) has released its latest data on its second quarter cash-out refinancings, and the re-fi activity is up…
Largest Upside Stock in Big Banks (BAC, C, JPM, WFC)
Calling all major banks for upside targets! Earnings season has so far shown strong to decent bank earnings considering the recent passage of Financial Regulation and considering the end of May to June slowing…