Citigroup (C) Has $500 Million Credit Loss
Chuck Prince is likely to be on the hot seat again, but, his troubles may be worse than in the past. According to The FT the bank "lost more than $500m in…
Chuck Prince is likely to be on the hot seat again, but, his troubles may be worse than in the past. According to The FT the bank "lost more than $500m in…
According to several media reports, the SEC is looking at the books of Wall St.’s five largest brokers. The target is undisclosed problems with mortgage securities and loans for private equity transactions…
According to Reuters, Bear Stearns (BSC) has several potential buyers including JP Morgan (JPM) and Bank of America (BAC) Reuters writes that a court overturned a patent infringement award won by Alcatel-Lucent…
Short selling in banks is always an interesting area to watch, particularly in the midst of a credit lending debacle that has led to a lower credit ranking and higher loan loss…
(ABT) Abbott Labs $0.69 EPS vs $0.68 estimate; guidance looks soft.(ASD) American Standard $0.84 EPS net, but $1.05 before items; estimates were $1.08. Spin-off/sale remains on track. (BLK) Blackrock $1.80 EPS vs…
JP Morgan (JPM) announced earnings. The second-quarter net income of $4.2 billion compared with net income of $3.5 billion for the second quarter of 2006. Earnings per share of $1.20 were up…
Bloomberg is reporting that JP Morgan (JPM), Goldman Sachs (GS) and several other large investment banks have had to keep $11 billion in private equity debt. "The banks have had to dig…
Stock Tickers: KO, INTC, UTX, FCX, HON, JCI, CAT, SLB, MER, C, JPM, WFC, BAC On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to talk about all the earnings coming out…
MONDAYMattel (NYSE:MAT)Novellus (NASDAQ:NVLS)Philips Electronics (NYSE:PHG/ADR)W.W. Grainger (NYSE:GWW) TUESDAYJohnson & Johnson (NYSE:JNJ)Intel Corporation (NASDAQ: INTC)Merrill Lynch (NYSE:MER)Novartis (NYSE:NVS/ADR)Pharmaceutical Product Development (NASDAQ:PPDI)SLM Corp. (NYSE:SLR)State Street (NYSE:STT)Coca Cola (NYSE:KO)Wells fargo (NYSE:WFC)Yahoo! (NASDAQ:YHOO) WEDNESDAYAbbott Labs (NYSE:ABT)Altria…
Stock Tickers: AA, AIG, AXP, BA, C, CAT, DD, DIS, GE, GM, HD, HON, HPQ, IBK, JNJ, JPM, KO, MCD, MMM, MRK, MO, MRK, PFE, PG, T, UTX, VZ, WMT, XOM As…
Stock Tickers: JPM, BAC, USB, NCC, STT, C, WFC, BK, STI The large banking stocks saw a fairly large increase in short interest from May to June in 2007. That is after…
Stock Tickers: IBM, JNJ, JPM, MCD, MRK, MSFT Tonight Cramer said it is ok to stay bullish and stay long on a down market day. He is sticking with his 1,000 point…
We reviewed various short selling trends and noticed that most sectors were mixed to up as the April to May reached record levels. But reviewing the 28 Dow Jones Industrial Average components…
Stock Tickers: JPM, STI, USB, NCC, STT, BAC, C, WFC, BK The short interest for MAY 2007 is out., and there is notreally any trend in the large money-center and super-regional banks…