After seeing Citigroup’s (NYSE:C) news this morning and listening to snippets of the conference call, it seems that at 9:00 AM when shares were down 2% would have been a much easier…
SLM Corp. (NYSE:SLM), or Sallie Mae, has announced that it has been informed by a representative of the buyer group led by J. C. Flowers, Bank of America (NYSE:BAC) and JPMorgan Chase…
The New York Times is reporting that Warren Buffett may be one of the people looking at taking a large interest in Bear Stearns (BSC), perhaps 20%. Bank of America (BAC) and…
It looks like short sellers decided to bail out of the money center banking stocks ahead of the FOMC decision on rates. This is consistent with the overall trends if you look…
The September short interest for NYSE stocks is out, and a number of big names in mortgages, retail ,and housing say bets against them move up. The figures compare shares short on…
Countrywide (CFC) Financial has hired Goldman Sachs and law firm Wachtell Lipton Rosen & Katz to arrange another multi-billion investment in the company, just weeks after Bank of America (BAC) made a…
Douglas A. McIntyre Stocks Tickers: MCO, MHP, XLF, GS, MS, MER, LEH, BSC, C, BAC, JPM, WFC, WB You will have to have a subscription in order to access the full article, but Moody’s has…
The CEO of CountryWide Financial (CFC), Angelo Mozilo, could not just take the $2 billion his company got from Bank of America (BAC) and have a nice day. He had to mention…
According to Reuters, a group of California gas stations filed suit against Chevron (CVX), Saudi Aramco, and Royal Dutch Shell for price fixing. Reuters writes that Canon (CAJ) is spending another $862…
It is too good to be true. Bank of America (BAC) put $ 2 billion into Countrywide Financial (CFC) by taking convertible preferred with an $18 a share strike price and a…
Douglas A. McIntyre On today’s STOP TRADING on CNBC, Jim Cramer said that the Lehman (NYSE:LEH) exit from the mortgage business is a positive because this wasn’t making money. He’d be a buyer on that…
On tonight’s MAD MONEY on CNBC, Jim Cramer discussed why Wachovia (WB), Wells Fargo (WFC), and Bank of America (BAC) were all up big today; and some even higher than before the…
If someone told you that Charles Schwab Corp. (NASDAQ:SCHW) was back in positive territory on the day the market fell 300 points in the DJIA AND on a day that many of…
Yesterday evening’s FED FILINGS shows some interesting increases in holdings in Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A). He boosted holdings in his financial stocks, and it is helping the stocks today. Keep in…
Chuck Prince is likely to be on the hot seat again, but, his troubles may be worse than in the past. According to The FT the bank "lost more than $500m in…
