BofA Starts Mortgage Cleanup Mess, For $3 Billion (BAC)
Bank of America Corporation (NYSE: BAC) was just listed this morning as one of the six DJIA components with the most implied upside in 2011 this morning, and part of that is…
Bank of America Corporation (NYSE: BAC) was just listed this morning as one of the six DJIA components with the most implied upside in 2011 this morning, and part of that is…
It is 2011 and we have our outlook target pieces for sectors and for indexes for the year ahead. After taking a look at the implied upside to one-year price targets for…
Can the Dow Jones Industrial Average rise 12.65% more in 2011 after gaining about 11% in 2010? Our calculations show the the DJIA is likely to hit 13,042.06 in 2011. That’s a…
The mortgage-backed securities saga is far from over. A fresh suit has been filed in federal court in Manhattan by Allstate Corporation (NYSE: ALL) against originator Countrywide Financial Corporation. The Countrywide suit…
There has been an amazing feat in 2010. All of the most recent companies which have been booted out of the Dow Jones Industrial Average have outperformed their replacement stocks and the…
There is a long-standing debate over the effect and impact of share buyback plans. What is not up for debate is that many companies have given big updates or announced new buyback…
Bank of Montreal (NYSE: BMO) is expanding in the U.S. The fourth largest bank in Canada is acquiring Marshall & Ilsley Corp. (NYSE: MI) for $4.1 billion in stock. The terms call…
You most likely saw the carnage that came to MasterCard Incorporated (NYSE: MA) and Visa, Inc. (NYSE: V) today. The markets were braced for more changes coming to the interchange fees, also…
These are some of this Wednesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. This morning we have two key updates from late yesterday afternoon, followed by our…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Updated throughout the day. Bank of America (NYSE: BAC) is trying to sell $1 billion of toxic mortgage paper (NYPost) Carlyle Group may delay its IPO after its CFO resigned (FT) Ahold…
There have always been questions about whether stock buybacks are an effective return of cash to shareholders. The theory is a simple one: reducing the number of shares outstanding boosts the price…
The new Apple (NASDAQ: AAPL) iPad may have front and back cameras. (Reuters) Strength in the Chinese economy pushed crude back above $89. (Reuters) The strength of China’s trade may cause a…
The Dow Jones Industrial Average (also called The Dow, Dow 30 and the DJIA) is what most Americans think of as the “stock market.” The widely followed benchmark of 30 American stocks,…
Investors have tried for years to follow the strategy of Warren Buffett, considered by many to be the greatest investor in history. That’s ironic given how little he seems to care about…