Goldman Sachs Group (NYSE: GS), in the shadow of an SEC investigation, beat earnings estimates handily. It was not a surprise after Citgroup Inc. (NYSE:C), Bank of Americ (NYSE: BAC), and JPMorgan Chase (NYSE: JPM) posted strong…
American Capital, Ltd. (NASDAQ: ACAS) had a big trading day, despite the news being perhaps a bit muted due to Friday’s SEC fraud charges filed against Goldman Sachs Group Inc. (NYSE: GS). We won’t…
Bank closings hit eight last week bringing the total to 48 for the year. The rate of the failures is greater than in the previous two years. FDIC chief Sheila C. Bair recently said…
Lloyd Blankfein, the CEO of Goldman Sachs Group (NYSE: GS) is not going anywhere. The 56-year-old banker has run the firm since May 31, 2006. During that time, the bank’s stock has done no better…
The end of this last week and weekend reviews showed how the highly volatile Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) and the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) were putting…
Goldman Sachs Group Inc (NYSE: GS) was warned about pending charges against it as early as nine months before the SEC charges were brought. SEC rules apparently do not require a public company to disclose the…
This weekend’s edition of the Unusual Suspects would have probably been all about earnings, earnings, earnings. Friday’s SEC-Goldman news changed that. Our cast of characters for this coming week’s Unusual Suspects include AeroVironment, Inc.…
The FDIC announced the details of eight more bank closings, bringing the 2010 total to forty-eight. The current pace would put total bank failures to nearly 200 this year. Those shuttered include City Bank, Lynnwood,…
Trying to count options contracts in shares of Goldman Sachs Group Inc. (NYSE: GS) is nearly impossible, and this was copied from trade blotters with snapshots of 12:12 to 12:18 PM EST. The notion…
You have already seen the news most likely about how Goldman Sachs Group Inc. (NYSE: GS) was charged with civil fraud by the SEC over its conflicted role in certain CDOs. Goldman Sachs must…
Goldman Sachs Group Inc. (NYSE: GS) was already getting negative press for profiteering from the demise of the mortgage market. It isn’t that it made billions off that, it is that it did it…
Based on early pre-market trading, Bank of America Corporation’s (NYSE BAC) failed to impress, although the number beat Wall St. estimates. It may be that the results of JPMorgan Chase (NYSE:JPM) set the bar too…
Just yesterday with so many stocks hitting new 52-week highs, we noticed that 10 of the 30 DJIA components had hit new 52-week highs. Two of those were Bank of America Corporation (NYSE: BAC)…
JPMorgan Chase (NYSE:JPM) announced earnings that beat expectations and in the process said that its investment banking business was critical to its improved numbers. The big bank earned $3.3 billion and had EPS of $.74…
JPMorgan Chase & Co. (NYSE: JPM) said its earnings in the last quarter rose 57% to $3.3 billion. The earnings period ended in March. The number topped Wall St. estimates. They also showed how important…