Analysts at Goldman Sachs think Citigroup (C) will have to cut its dividend 40%. Their expectation is that the big bank "may write off $18.7 billion in collateralized debt obligations" in the…
Douglas A. McIntyre According to Reuters, housing prices had a record annual drop. Reuters writes that Sallie Mae (SLM) will raise $2.5 billion using stock and convertible notes. Reuters writes that Joseph Lewis has increased…
The Dogs of the Dow aren’t necessarily the worst performers of the prior year, but they pay the highest the dividend yields. We wanted to review the 10 Dogs of the Dow…
Berkshire Hathaway (BRKA) has over $43 billion in cash on its balance sheet. It could buy most US public companies without borrowing a dime. Berkshire’s chief, Warren Buffett could put his money…
According to Reuters, Berkshire Hathaway (BRK) has bought control of Marmon Industries for $4.5 billion. Reuters writes that US retail sales were up a disappointing 3.6% for the holidays. Reuters reports that…
The mortgage-backed financial instruments that have gone such a long way to hurt brokerages like Merrill Lynch (MER) and banks like Citigourp (C) may be just the start of a wave of…
For the December 14 period, short interest in financial stocks sky-rocketed compared to figures on November 30. Shares sold short in Citigroup (C) grew 20 million to 104.9 million. Shares short in…
Saudi Arabia is sick of the big sovereign funds in China and Abu Dhabi kicking sand in its face. The country plans to put a fund in place that will "dwarf Abu…
The SIV "Super Fund" created by the Treasury Department, Citigroup (C), Bank of America (BAC), and JP Morgan (JPM) is dead. Once Citi took its own SIVs onto the banks balance sheet,…
Since it is year-end, we wanted to compile a list of the 2008 likely Dogs of the Dow. We included Friday’s closing prices for each DJIA component and we also gave the…
Rite Aid Corporation (RAD) Ugly earnings. No turnaround here. Falls to $2.71 from 52-week high of $6.74. MBIA (MBI) Concerns about CDOs being insured here. Falls to $18.84 from 52-week high of…
Citigroup (C) is back to it new lows, trading down to $29.52. Citi could have been driven down by the losses at Bear Stearns (BSC). It could be that Fitch cut its…
It actually is not very unusual for a stock to lose half its value, especially if it is in the right sector. Shares in Countrywide Financial (CFC) are down over 75% in…
Normally taking extra risk onto a bank balance sheet and getting a debt downgrade would not be considered good news. Citigroup (C) brought $49 billion of SIV debt in-house and, for unrelated…
Douglas A. McIntyre These are not the only important analyst calls out there, but these are the top analyst calls that 24/7 Wall St. is focusing on: Affymetric (AFFX) raised to Buy at UBS. Citigroup…
