Management at AIG (AIG) has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance…
To hear the management at JPMorgan (JPM) talk, the bank does not have to cut its dividend, but it would be nice to keep the extra money each quarter, just in case things do…
As we have been expecting in the banking sector, JPMorgan Chase & Co. (NYSE: JPM) is leading the way for more and more banks to cut their dividends. The company announced plans to slash…
Nova Chemicals Corp. (NYSE: NCX) is the largest percentage winner on the NYSE today. It is up about 300%. Yep 300… The company is being acquired in a deal involving the Middle East. Does…
The federal government gets extra points for being devious. It plans to begin to take over large banks by giving them money and using the capital they have already invested for a portion of…
The Wall Street Journal says that the federal government is in talks to put more capital into Citigroup (C) and may end up owning 40% of the big banks. According tothe paper, “While the…
The White House said that the President is in favor of keeping the US banks private. That caused a mild rally in their shares yesterday after they had dropped like rocks though most of the…
Today marks a monumental moment for the markets. The DJIA has broken through some of the major key support levels of November 2008, and now the questions are mounting over whether the S&P and…
Beacon Power Corporation (NASDAQ:BCON) is developing a patented flywheel energy storage product, and the going is getting tough. The company today announced an $18 million investment from a private equity firm and the share…
Does the economy get worse from here or do the government programs recently signed into law increase confidence and start to put capital to work to create jobs and build businesses? In a downturn…
Meredith Whitney, one the most influential pundits in the financial sector today, has left Oppenheimer and has started Meredith Whitney Advisory Group. Today she told CNBC’s Maria Bartiromo that her outlook for the money…
The number of reasons that banks may have to be nationalized my have just grown by one. Default rates on credit cards may end up being much higher than had been previously forecast. Most…
Jamie Dimon, Chairman and CEO of J.P. Morgan Chase (NYSE: JPM) just gave a CNBC interview with Melissa Francis. While he would not give exact predictions on the environment and a turnaround, nor on…
We now have all three of the large online brokerage giants out with their monthly metrics for Janury. We wanted to compare E*TRADE FINANCIAL Corporation (NASDAQ: ETFC), TD AMERITRADE Holding Corporation (NASDAQ: AMTD), and…
It’s that time again. Warren Buffett and Berkshire Hathaway, Inc. (NYSE: BRK-A) have filed with the SEC showing what the Oracle of Omaha owns in public stocks as of the quarter or as of…