Banking, finance, and taxes

All Banking, finance, and taxes Articles

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BAIT SHOP UPDATE: First Community Bancorp

First Community Bancorp (FCBP) did show us the new financials last night, and this was important because they have been such an acquisition machine and staying positive required having faith that the books would…

Douglas A. McIntyre · 20 years ago

Super-Sizing the Oil ETF

Last week there was a bit of a strange filing.  We have all known, or at least it has been known, that there is an oil ETF called U.S. Oil Fund ETF and that…

Douglas A. McIntyre · 20 years ago

Analyzing Citigroup (C)

By Yaser Anwar, CSC of Equity Investment Ideas Citi reported 4Q EPS of $1.03. One time items included charges for Japan Consumer Finance down $0.10 or $489 mil and gain from the sale of…

Douglas A. McIntyre · 20 years ago

American Express Met Estimates, Sort Of

American Express (AXP-NYSE) issued earnings mid-day today with $0.76 EPS and revenues of $7.2 Billion; Estimates were $0.76 and $7.3 Billion.  There was a divergence on First Call estimates versus the Reuters estimates, so…

Douglas A. McIntyre · 20 years ago

Krawcheck’s Reshuffle in Citigroup

Citigroup (C-NYSE) announced the departure of Todd Thomson as Head of Global Wealth Management division to pursue other opportunities and he will be replaced by CFO Sallie Krawcheck once a successor has been found…

Douglas A. McIntyre · 20 years ago

E*TRADE Marches Past Estimates; Shareholders March Away

E*Trade (ETFC) posted record fourth-quarter Net Income of $177 million, or $0.40 per share; Estimate was $0.39; it posted a record fourth-quarter Total Net Revenue of $629 million; Estimate was just under $627 million. …

Douglas A. McIntyre · 20 years ago

What’s in Capital One’s Wallet?

Capital One (COF) reported EPS $1.14 versus consensus estimate of $1.24 EPS.  It sees 2007 EPS $7.40 to $7.80, under consensus estimates of $8.10, but the number includes $430 Million of costs and charges.…

Douglas A. McIntyre · 20 years ago

Tyco, The Break-Up Is Almost Certain……Finally

Tyco International (TYC) is finally seeing itself being split into three groups.  This isn’t new, because we have already received a formal intent from the company and the street has been preparing for this…

Douglas A. McIntyre · 20 years ago

Catalysts That Make Intercontinental Exchange (ICE) A Buy

By Yaser Anwar, CSC of Equity Investment Ideas Trading in ICE’s futures and OTC products has increased substantially over the past two years thanks to volatility in the energy markets, increased interest in alternative…

Douglas A. McIntyre · 20 years ago

Washington Mutual Exceeds Estimates on Unit Sale

Washington Mutual (WM-NYSE) posted earnings of $1.10 EPS, but that number included a large gain of $415 million and charges of $100 million.  Earnings from operations were expected to be $0.88 EPS, so thi…

Douglas A. McIntyre · 20 years ago

Cramer Talks Financials

On today’s STOP TRADING segment on CNBC, Jim Cramer talked financials. JPMorgan (JPM) and Wells Fargo (WFC) are Cramer’s two bank buys in America.  Cramer said that Bank of America (BAC) could do Dilutive…

Douglas A. McIntyre · 20 years ago

Cramer on Hudson City Bancorp

Hudson City Bancorp (HCBK-NASDAQ) had its CEO interviewed by Cramer on CNBC’s MAD MONEY. Cramer wanted to know why the valuations are higher and why it keeps going up.  The company is a traditional…

Douglas A. McIntyre · 20 years ago