Earnings season is seeming to wind down here, but that won’t stop the unusual suspects of key equity events and issues to watch this coming week. We are looking into key issues for the…
New guidelines for examining commercial real estate loans issued by the FDIC appear to allow examiners to go easy on banks as they account for what would be, under many circumstances, considered non-performing commercial real estate…
Nine more banks failed and the pace of the closures appears to have quickened. The number of banks that would fail next year is more than four hundred if the current is maintained. Some analysts say…
CIT Group (NYSE: CIT) it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital LP to provide supplemental…
It has become commonplace to see initial public offerings from earlier private equity holdings that were once public and taken private. Yet it is very odd to see a company get acquired in a…
Much of today’s weakness in the equity markets is not just due to a stronger dollar or an equity market that still may be ahead of itself. A strategist call from Goldman Sachs Group…
SPACupdate.com has been bringing 24/7 Wall Street waves of data on the resurgence of special purpose acquisition companies, or SPACs. After a string of successful mergers, two coming to vote by the end of…
Visa Inc. (NYSE: V) is reporting some stellar earnings considering the environment and this appears to be the 6th or 7th beat against estimates. The credit card processing giant posted $0.74 non-GAAP EPS vs.…
SPACupdate.com provides daily reports and e-mails covering blank checks, their targets and relevant trading data. Monday and Tuesday, a pair of mergers will go to shareholders for a vote. Capitol Acquisition Co. (AMEX: CLA)…
American United Bank of Lawrenceville, Georgia, was closed today by the Georgia Department of Banking & Finance. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie,…
The nation had its 100th bank failure of the year as Office of Thrift Supervision closed Partners Bank located in Naples, Florida. To protect the depositors, the FDIC entered into a purchase and assumption…
CIT Group, Inc. (NYSE: CIT) has had a lot of news this week. A lot this year for that matter. Last night there was word that it had reached a loan agreement with…
American Express Company (NYSE: AXP) and Capital One Financial Corporation (NYSE: COF) have both reported earnings this afternoon. We saw estimates rise in recent days as many lenders were discussing better credit metrics starting…
We have many key secondary offerings on deck today. Brigham Exploration (NASDAQ: BEXP), Macerich Co. (NYSE: MAC), Marshall & Ilsley (NYSE: MI), Nara Bancorp (NASDAQ: NARA), and Whitney Holding (NASDAQ: WTNY) all priced secondary…
Dick Bove of Rochdale Securities may have been responsible for today’s sell-off as many banking stocks fell late in the day. Bove has downgraded Wells Fargo & Co. (NYSE: WFC) to a SELL rating…