In the next day or two, the financial markets could hit their tipping point. It is certainly not beyond the realm of the possible that Lehman (LEH) and Washington Mutual (WM) could fail. Merrill…
Today may well be the day that Lehman (LEH) fails. No one should be surprised if the company goes into Chapter 11 today or if the government steps in to sell off pieces and…
With Bear Stearns, Fannie Mae (FNM), and Freddie Mac (FNM) fundamentally gone as independent institutions, the Treasury and Fed have turned their attention to Lehman (LEH) and Washington Mutual (WM). Nothing to that effect…
Citigroup Inc. (NYSE: C) has just filed with the SEC information about its perceived total exposure to Fannie Mae and Freddie Mac securities in an effort to fend off any over-exposure concerns. As of…
Lehman Brothers (NYSE: LEH) has finally pre-announced its earnings at -$5.92 EPS. First Call had estimates at worse -$3.00 but no one is using that estimate based upon the recent mudslide and rumors. The…
There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by analysts this morning: Bank of America (BAC) Cut to Underperform at KBW. BB&T (BBT)…
Lehman (LEH) will release its results tomorrow morning, a week ahead of schedule. Since the broker’s stock was down 45% today and and almost 90% from its 52-week high, it would be easy to…
Lehman (LEH) is trading like United (UAUA) did yesterday. Panic has set in and the stock is off 30% to $10. The shares moved as low as $8. Rumors in the market range from…
Signature Bank (NASDAQ: SBNY) shares are doing something unusual, rallying on a secondary offering. On September 2, Signature announced that it was selling 3.5 million shares and would give underwriters a 525,000 over-allotment option. …
Midwest Banc Holdings, Inc. (NASDAQ: MBHI) has issued a response to dimish fears about its holdings of Fannie Mae and Freddie Mac. This was in direct response to news surrounding the US government takeover…
This morning we are seeing a massive gain on the heels of the US government seizure tied to Fannie Mae and Freddie Mac. Those shares are halted and Warren Buffett has just called these…
Fannie Mae (FNM) and Freddie Mac (FRE) had their CEOs pushed out by the government this weekend. They will get fat pay packages and can go on to live in massive homes and become…
The common stocks in Fannie Mae (FNM) and Freddie Mac (FRE) will not go away under the government’s plan to take control of the companies The Federal Housing Finance Agency will act as conservator…
The sky has fallen on Fannie Mae (FNM) and Freddie Mac (FRE). At least that is the rumor. True or not, shareholders are paying a price after hours. Fannie Mae is down 15%. Whether…
Merrill Lynch & Co. Inc. (NYSE: MER) is trading down 6% or so in pre-market after Goldman Sachs downgraded the stock to a SELL rating and put shares on its Conviction Sell List. The…