Shares in some large banks are about to plunge. Reuters reports that “U.S. officials are leaning towards announcing the `stress test’ results of individual banks next week instead of just summary results.”…
Douglas A. McIntyre Experts have told The Wall Street Journal that they think several of the banks which failed the government’s stress tests are in the Midwest and Southeast. According to the paper, “Three people familiar with…
These are some of the top pre-market analyst downgrades and negative calls we have seen from Wall Street firms with about two hours until the market open this Wednesday morning: AK Steel…
Short sellers were figuring that after the bank rally late last month, banks shares were likely to give back some gains. That was working until Wells Fargo (WFC) reported that it would…
It seems that Uncle Sam via Treasury and via Congress is going to give the markets what they want. TARP, TALF, Bad Bank, aggregation, accounting rule exceptions, and the rest. If you…
Bank of America (BAC) Falls to $4.72 on concerns that government might take over firm. Down from 52-week high of $43.81. GE (GE) Drops to $11.19 on concerns about recession and the…
These are some of Tuesday morning’s top pre-market upgrades and downgrades we have seen from Wall Street analysts with more than two hours until the open: BJ’s Wholesale (NYSE: BJ) Raised to…
NOVA Chemicals (NCX) Bad Q4 and a downgrade by RBC. Falls to $3 from 52-week high of $32.46. Regions Financial (RF) Downgrade by Bernstein. Runs off to $3.40 from a 52-week high…
These are some of the many pre-market downgrades and negative calls we have seen from Wall Street analysts this Friday morning:Allstate (ALL) Cut to Underweight at JPMorgan.AstraZeneca (AZN) Cut to Hold at…
24/7 Wall St. set out to look at whether financial reporting at a number of companies, particularly banks ,is “reliable”? This process took into account the chances that a firm might have…
F N B Corporation (FNB) Predicts big loss. Down to $8.89 from 52-week high of $20.70. HSBC Hldgs (HBC) Concerns bank will take huge write-down. Drops to $41.04 from 52-week high of…
UBS has a research report out for the banking sector, and the report may take away some thunder from those who are hoping that banks will return to profits sooner rather than…
These are some of the top pre-market analyst upgrades we are seeing this Wednesday morning: Comerica (CMA) Raised to Outperform at Bernstein. Fifth Third Bancorp (FITB) Raised to Outperform at Bernstein. Iron…
This is one of the first rounds of the regional banks formally getting in line and formally receiving approval to participate in the $700 billion government TARP bailout package. Prior to this…
Those hoping for any magic recovery at Fifth Third Bancorp (NASDAQ: FITB) are going to have to wait a little longer. The troubled regional bank is trading lower Tuesday eventhough everyone should…
Douglas A. McIntyre 
