Barclays Bags A Big One
Barclays (BCS) finally closed the deal to buy ABN Amro (ABN). Together, they will become the fifth largest bank in the world. Sort of like Citigroup (C), but without the bad management. As part…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 323Washington Mutual: The Shorts Come Marching In
Being in the midst of the sub-prime mortgage crisis has done a lot of harm to a number of lending institutions and some will not make it out alive. Washington Mutual (WM), the big…
Cramer & Another Bank Merger Pick
On today’s STOP TRADING segment on CNBC, Cramer said that he went back over the Merrill Lynch (MER-NYSE) conference call and he thinks that the other mergers in the sector have gone well enough…
Merrill Lynch: More Signs That Investment Banking Rules The Universe
Merrill Lynch (MER) reveue in Q1 rose 24% to $9.85 billion. EPS was up from $1.65 to $2.26 when a charge from last year is taken out. But, the story was investment banking. That…
Cramer Has a Bank Buyout Pick; So Do We
Cramer on MAD MONEY tonight noted a stock that has upside is Downey Financial Corp. (DSL-NYSE), but Cramer said you have to review this one deeply before you go buy it. Cramer thinks this…
TMK – Torchmark Corp: Insurance with a Flair for Flare
By Saul Sterman 04/17/2007 A quick search through the New York Times archives reveals that TMK has not been mentioned in the news since 2004. Is this good or bad? Overview In the 90’s,…
JP Morgan Up Almost 3% In Pre-Market
JP Morgan’s (JPM) results impressed. The stock is up to $51.52, or close to 3%, in pre-market trading, an indication that it could pass its 52-week high today. Net income at the big bank…
Citigroup’s “Less Bad” Behavior
Citigroup Inc. (C-NYSE) is seeing shares gap up more than 1% pre-market to $52.25 as traders are hoping to get in ahead of an ongoing restructuring after the company managed to beat earnings this…
Rumor Friday (APR 13, 2007)
Stock Tickers: SLM, NNI, FMD, MEDI, HAL, WHT, MEH, AAI, COT, IPS, PALM, DELL, NFI, BCE, AA, DOW, WYN, NDAQ, GFI, KR, ABN, BNI, DCX What preceeds "Merger Monday"? The answer isn’t really Sunday. …
As Good As Gold(man)
From Ticker Sense
Cramer’s Anti-Subprime Mortgage Play
On tonight’s MAD MONEY on CNBC, Jim Cramer says he has a stock that can offer some insulation and even some profits from the blow-up in subprime. He said you will make money on…
Citigroup’s 17,000 Cuts Create More Questions Than Answers
Citigroup’s (C-NYSE) investor call this morning outlined the company’s plans to cut 17,000 jobs in the current year, which will incur one-time charges of about $1.38 billion in the first quarter, with another $200…
M&T Bank Preannouncement Shows Alt-A Mortgages Not Immune
By Chad Brand of The Peridot Capitalist Was anyone else surprised that news of a first quarter profit warning from M&T Bank (MTB) hardly had any effect on the market and received fairly little…
1st Qtr Volumes Bode Well for Exchange Stocks
This first quarter of 2007 has seen much higher levels of volatility than during the entire second half of last year. And of course, with higher volatility usually comes higher volume, which is making…
Valero’s Value in Crosshairs of Oil Markets
This morning has put opposing forces on the oil sector, and Valero Energy (VLO-NYSE) is right there. Iran’a announcement that it would free the 15 British Navy prisoners immediately had oil futures dropping, with…