JPMorgan Chase (NYSE: JPM) reports earnings on Wednesday morning. Wall Street analysts are apparently looking for $0.93 EPS on revenues of $17 Billion according to First Call, although in this current environment it’s hard…
Citigroup (NYSE: C) has come out with its highly awaited earnings. The numbers and comments are all slightly different than prior media reports indicated, and some are not quite as aggressive as we expected.…
According to The Wall Street Journal Citigroup (C) is "expected to announce a sizable dividend cut, cash infusion of at least $10 billion and write-down of as much as $20 billion in mortgage-related investments."…
Citigroup (NYSE: C) is set to report earnings tomorrow morning. While this will be the first of the big money center banks and financial conglomerates to officially report earnings, the actual earnings may be…
The NY Attorney General wants to know whether banks withheld information about the complex instruments which they sold to other financial companies. According to The New York Times, the investigation "centers on how the…
CNBC reported that Citigroup (C) could have a $24 billion write-off. The source for that report is not clear. Last week, Goldman Sachs said Citi might have to take a charge of $15 billion.…
The Wall Street Journal writes that Prince Alwaleed bin Talal and the China Development Bank as putting money into Citigroup (C), The CDB will probably contribution $2 billion. Over at the FT, the story…
Perhaps Warrent Buffett was asked and perhaps he was not, but Citigroup (C) ended the week with more money in its checking account. According to The Wall Street Journal "Prince Alwaleed bin Talal is…
There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector is coming…
A report at WSJ.com says that Bank of America (BAC) is in advanced talks to buy Countrywide (CFC). CFC shares are up 43% on the news Douglas A. McIntyre
Goldman Sachs has lowered estimates on many financial services players this morning: AllianceBernstein (AB) (buy); AMBAC Financial (ABK) (neutral); Blackrock (BLK) (buy); Calamos Asset Mgmt. (CLMS) (neutral); CME Group (CME) (buy); Franklin Resources (BEN)…
Citigroup (C) is in the market for another $10 billion. Merrill Lynch (MER) is looking for $3 billion to $4 billion. The subprime mess has gotten the better of them and they are likely…
MBIA (MBIA) will cut its divdend to $.13 from $.34 and go to the capital markets for cash. As part of its plan to raise capital to meet or exceed the rating agencies’ Triple-A…
According to the Countrywide (CFC) "Our fourth quarter ended with a number of positive operational trends," said David Sambol, President and Chief Operating Officer. "Total loan fundings were $24 billion for the month of…
Perhaps the fact that Berkshire Hathaway (BRK.A) got into the bond insurance business just as it was falling apart was not entirely due to the genius of Warren Buffett. According to the FT, Mr.…