GE Full Earnings Primer (GE)
General Electric Co. (NYSE: GE) is on deck for earnings Friday morning. While the whole market has been hanging on to the financial stocks, GE has been trading like a financial stock rather than…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 241Regions Claims Profitability, Slips A Mickey To Bears (RF)
Regions Financial Corp. (NYSE: RF) filed its annual meeting presentation this morning in an SEC filing, and in that filing, C. Dowd Ritter, Chairman, President and CEO, announced that Regions will report a profit…
JPMorgan Chase Shows How It’s Done (JPM, FAS)
JPMorgan Chase & Co. (NYSE: JPM) rose about 7% yesterday ahead of this morning’s earnings announcement along with other major financial stocks, and now we know why. Jamie Dimon and friends at one of…
General Growth And Another Burden For Bank Stocks
General Growth (GGP), the big mall owner, filed for bankruptcy, as many experts thought it would. The company has $27 billion in debt and, with real estate prices depressed, it may be impossible to…
Looking For The “Real” Investor
The head of The New York Stock Exchange is questioning the viability of the tremendous March market rally. He contends “real” investors were not in the thick of the trading. He has the benefit…
Fidelity National Financial Ups The Offering Ante (FNF)
Fidelity National Financial, Inc. (NYSE: FNF) has priced its secondary offering this morning, and the result is that it ended up selling more stock than what it had originally planned. The title insurance, specialty…
Disclosing Bank “Stress Test” Numbers: Good Way To Cause Panic
The government is close to having the results of its “stress tests” of large US banks. It has taken the financial firms’ balance sheets and set up models for what will happen if the economy…
If Citigroup Gets Back Over $5.00….
Citigroup, Inc. (NYSE: C) was believed by many to be on the verge of death just six short weeks ago. But alas, the shorting and the selling doesn’t go on forever even if some feel…
Goldman Sachs Prices Its Own Secondary (GS)
The Goldman Sachs Group, Inc. (NYSE: GS) has announced the pricing of its highly anticipated secondary offering of 40,650,407 shares of its common stock. The pricing went off at $123.00 per share in the…
A New Boss To Be Bossed By TARP Overseers
The Administration wants to put longtime Merrill Lynch executive Herb Allison in charge of the $700 billion TARP program. Allison is currently the CEO of Fannie Mae (FNM), a job entrusted to him when…
Goldman Sachs (GS) And The Secret Of Bank Earnings
Two things, which happened within hours of one another, will probably determine the value of bank stocks for the next several months. Optimism about bank earnings pushed up Citigroup(C) by 25% yesterday and Bank…
Goldman Sachs (GS) Hits The Cover Off The Ball
Maybe the recovery of the major banks and investment houses is not a mirage. Maybe it is the real deal. Goldman Sachs (GS) reported net revenues of $9.43 billion and net earnings of $1.81…
Were Wells Fargo (WFC) Earnings Worse Than They Seemed?
Critics have started to come out of the wall and say that Wells Fargo’s (WFC) earnings are not as good as they seemed at first blush. The most stunning comments come from KBW Inc.’s…
Genworth’s Worth? (GNW)
Genworth Financial Inc. (NYSE: GNW) is still up significantly from its post-crash lows. Unfortunately, that is where the good news stops. Last week, we identified life insurance companies who were lining up to get…