Goldman Sachs (GS) appears to be out of the woods of the credit crisis. It will take on the mantle of being a bank holding company. The Fed is likely to buy…
Douglas A. McIntyre According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is being attacked in Congress. Reuters reports that Japanese banks, in trouble a…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this will be…
Goldman Sachs (GS) and Morgan Stanley (MS) today give up their vaunted status as investment banks, no longer being the top dogs of the financial world. In this ancient industry, there is…
According to Reuters, Goldman Sachs (GS) and Morgan Stanley (MS) will give up their investment banking status and become bank holding companies to have access to the government’s proposed $700 billion bailout…
Shares of major financial firms from Goldman Sachs (GS) to Morgan Stanley (MS) are up 25% to 35% in the pre-market. Washington Mutual’s (WM) stock is up more than 40% and AIG’s…
Genworth (GNW) Concerns that mortgage insurance company has too much exposure in housing disaster. Down to $3.51 from 52-week high of $32.33. State Street (STT) Concerns about exposure to AIG (AIG) and…
Morgan Stanley (MS) tumbles on fears it will be the next victim of credit crisis. Shares falls to $16.08 from a 52-week high of $69.87. Goldman Sachs (GS) Even the premier US…
These are some of the positive calls and upgrades we have seen from analysts this morning: ACE Ltd. (ACE) raised to buy at Goldman Sachs. Annaly Capital (NLY) raised to overweight at…
No one could quite get to the crash victim, and now it seems certain AIG (AIG) will not make it out of the wreck. After staging a rally during the day, AIG’s…
By all accounts, Morgan Stanley (MS) was supposed to have a mediocre quarter. Wall St. was concerned it could be worse than that. Enough of the large financial companies had been damaged…
Strong earnings out of Goldman Sachs (GS) would probably reverse the market’s perception that all is lost and prove the best companies on Wall St. can handle the pressure of the credit…
Douglas A. McIntyre According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report that the Fed will probably hold interest rates steady and signal a…
AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A partial rescue came in the form of permission from New York State…
This week seems to be unprecedented for the financial powerhouses and bulge bracket brokerage firms. While Merrill Lynch had to throw in the towel and become a Bank of America subsidiary, Lehman…
