The state of New York has filed a lawsuit in the state’s Supreme Court charging Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and JPMorgan Chase & Co.…
Solar systems installer SolarCity is reported to be preparing an IPO in the third quarter of this year. A Reuters report notes that Goldman Sachs will be the lead underwriter for the…
Over the last ten years, the US Securities and Exchange Commission (SEC) has offered nearly 350 waivers to the country’s biggest banks in cases when the banks might be punished for fraud,…
Credit card giant MasterCard Inc. (NYSE: MA) reported fourth quarter adjusted EPS of $4.03 on revenue of $1.72 billion. Consensus estimates called for EPS of $3.92 on $1.73 billion in revenue. The…
2012 is getting off to a great start for the equity markets. We recently looked at the performance of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.B), which is underperforming this year so…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. Amazon.com Inc. (NASDAQ: AMZN) Maintained Neutral but cut target…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. Advanced Auto Parts Inc. (NYSE: AAP) Raised to Buy…
Goldman Sachs Group Inc. (NYSE: GS) has come out with a set of upgrades in the bank and brokerage sector this morning. These are the sort of calls that when a firm…
There is still no settlement between Greece and the private investors who hold its debt. Greece also faces a call from Germany to have an independent agency supervise its budget. The Greek government…
Bank of America Corp. (NYSE: BAC) is reducing the amount of cash it pays out in bonuses to employees. According to Bloomberg News, employees are being told of the new bonus structure…
First it was news that Morgan Stanley (NYSE: MS) and Bank of America Corporation (NYSE: BAC) were cutting investment banker pay ahead. Now comes more of the same from Credit Suisse Group…
Cult stocks and controversial stocks often have an unusually high short interest. What is amazing is that the bets against these companies sometimes go off the charts. We have tracked unusual short…
For the first time in a long time, short sellers have increased their bets that the stock prices of most large companies and in most large sectors will fall. The NYSE and…
Just because you’re retired doesn’t mean you don’t have to work. As of the end of last year, 7.3% of Americans 75 and older were employed — the highest level since 1966,…
Profitability problems at Bank of America Corp. (NYSE: BAC) will lead to a pay cut of 25% for the company’s investment banking group. Bloomberg News reports that bank executives had previously said…
Paul Ausick 
