Treasury Secretary Timothy Geithner was cross-examined yesterday by the House Oversight and Government Reform committee. The lawmakers could not understand why AIG (AIG) got $182 billion in taxpayer bailout cash. They said that it…
Does financial success make a brand or does a brand drive strong financial results? The extraordinary quarterly results of Apple (AAPL) and Google (GOOG) raise the question. Apple beat most analyst expectations with…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management…
Notorious banking analyst Meredith Whitney turned out to be right in her recent calls against being long the major banks and brokerage firms, although for the wrong reasons ahead of the latest…
These are this morning’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Apache Corp. (NYSE: APA) Started as Sector Underperform at Scotia. JPMorgan Chase & Co. (NYSE: JPM)…
Reuters: China battle back at US charges about cyber attacks. Reuters: Under the new Obama proposal, banks may drop private equity assets. Reuters: Hershey (NYSE:HSY) will not make a counter bid for Cadbury (NYSE:CBY) Reuters: Toyota…
Updated throughout the day. The hedge fund industry brought in $4.6 billion in December (Eurekahedge) Barclays (NYSE:BCS) may face a $27 billion deficit (Credit Suisse). JPMorgan (NYSE:JPM) is in exclusive talks to buy…
By Paul Ausick of 24/7 Following in footsteps of JPMorgan Chase (JPM), Citibank (C) today reported a net loss of $1.6 billion for 2009 on losses in mortgage and credit card lending…
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined be earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management…
The Administration is proposing that large banks pay a tax based on .15% of total assets minus high-quality capital, such as common stock, and disclosed and retained earnings. Federal Deposit Insurance Corp.-covered…
Jamie Dimon and friends over at JPMorgan Chase & Co. (NYSE: JPM) will kick off the earnings season for the major money center banks and too-big-to-fail institutions on Friday in the early…
We have compiled from press releases and from company announcements a company-by-company donation and effort pledge to help in the relief efforts after the disastrous earthquake in Haiti. These are partial explanations…
These are Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Amazon.com Inc. (NASDAQ: AMZN) Raised target to $160 from $130 at Barclays. Bank of America Corporation (NYSE:…
The Administration wants to be certain that taxpayers get back all the money they risked through the TARP program. All of the largest banks which took money from the fund have paid it back,…
A number of the top bankers from firms including Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), and JP Morgan (NYSE:JPM) will testify before the The Financial Crisis Inquiry Commission which has been charged…
