According to Reuters, Bernanke says he was encouraged by the stress tests. Reuters reports that GM (GM) will probably exit the Dow. Reuters writes that Bank of America (BAC) will probably sell…
According to Reuters, stress tests results will force ten banks to have to raise nearly $75 billion. Reuters reports that Toyota (TM) lost $6.9 billion and warned of more losses ahead. Reuters…
Finally, the stress tests are out for the US banking and financial institutions. Of the banks, 10 of 19 banks need a combined $74 billion of equity.The good news is that a…
These are some of the top pre-market analyst upgrades or positive research calls from Wall Street this Thursday morning: Bank of America (BAC) Raised to Outperform at Baird; Raised to Overweight at…
The most exciting day of the financial year should have been today because the government releases the results of its multi-month bank “stress test” program which includes thorough vetting of the health…
According to Reuters, GM (GM) is expected to post huge losses ahead of decisions about whether it will go into Chapter 11. Reuters reports that Obama is seeking budget savings due to…
Twelve of the Fortune 500 CEOs are women. Just twelve. Over the next year, that number is likely to go up considerably because of a confluence of economic and financial factors that…
As more information hits the press about the amount of money the government will say big banks will need due to the results of “stress tests”, it is already clear that three…
To call the triple-leverage financial ETF of the Direxion Financial Bull 3X Shares (NYSE: FAS) volatile would be the understatement of the year. It has become the day trading instrument of choice…
Bank of America (BAC) will need to improve its capital position by nearly $35 billion, according to several press reports. It may be able to sell its part of its stake in the…
Douglas A. McIntyre According to Reuters, Bank of America (BAC) will have to raise billions of dollars. Reuters reports that a judge has approved a quick auction of Chrysler assets over the objections of creditors.…
Several news organizations are reporting that ten of the 19 banks subjected to “stress tests” will be asked to raise more capital. Since the firms are still debating with the government, the…
According to Reuters, changes at Yahoo! (YHOO) are getting mixed reviews from employees. Reuters reports that ten banks could could have to raise new money after stress tests. Reuters reports that two…
Is Bank of America Corporation (NYSE: BAC) raising more capital or is it not? It depends upon which news service you believe. The FT reported that the company was seeking to raise…
Douglas A. McIntyre The Financial Times is reporting that Citigroup (C) and Bank of America (BAC) may each need to raise over $10 billion. If that is true, to get money in the capital markets and…
