12:36pm ET
Banking, finance, and taxes
The Largest U.S. Banks
Research firm SNL Financial has released its list of the top 50 U.S. banks at the end of the second quarter of 2012. The eleven largest banks are JPMorgan Chase & Co.…
WFC Coverage Page 56
9:05am ET
Investing
American Stocks Dominate Global Equities
More American companies are among the 20 largest in the world than at any time in the past decade. This is because earnings at U.S. companies have risen faster than the rest…
7:53am ET
Banking, finance, and taxes
Short Interest Lightens Up in Quality Banks (BAC, BK, COF, C, GS, JPM, RF, USB, WFC)
The short interest in bank stocks looks to be one where investors and speculators are easing up on their attacks of the quality banks if you review the short interest changes from…
5:03pm ET
Investing
Major Changes Made To Buffett & Berkshire Hathaway Stakes
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings showing that there have been some significant changes in the positions of the Berkshire…
11:57am ET
Banking, finance, and taxes
Wells Fargo Pays $6.5M To Settle SEC Charge Over Complex Mortgage Investment Sales
Wells Fargo & Co. (NYSE: WFC) may have taken the title for the safest of the big money center banks away from J.P. Morgan Chase & Co. (NYSE: JPM), but the bank…
3:00pm ET
Banking, finance, and taxes
S&P Really Hikes Bank Cost Targets on Dodd-Frank (BAC, C, GS, JPM, MS, PNC, USB, WFC)
If you think that the higher regulation of banks and financial institutions is immaterial, it is not. Even if the banks need far more regulation than what they had been accustomed to,…
10:10am ET
Housing
Is Wells Fargo’s Mortgage Influence Just Too Big Now?
Wells Fargo & Company (NYSE: WFC) is the bank that we said has replaced J.P. Morgan Chase & Co. (NYSE: JPM) as the safest of the money-center banks in America now. Wells…
8:37am ET
Banking, finance, and taxes
Citi Earnings Report Acts as Secondary Bank Boost
So far, Citigroup, Inc. (NYSE: C) is getting a favorable reaction to its second-quarter earnings report. The international banking giant’s earnings came in ahead of Wall St. consensus targets from Thomson Reuters,…
4:08pm ET
Investing
24/7 Wall St. Closing Bell — July 13, 2012: Market Jumps on Financials, Hopes for China
The three major US stock indexes opened higher this morning following the release of Chinese GDP and other data. The Middle Kingdom’s GDP grew at a rate of 7.6% in the second…
8:24am ET
Banking, finance, and taxes
Wells Fargo Earnings Report Proves ‘Safest Bank in America’ Status
Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The bank still…
6:39am ET
Media
Media Digest (7/13/2012) Reuters, WSJ, NYT, FT, Bloomberg
Moody’s cuts Italy’s rating by two notches and indicates the cuts may not be finished. (Reuters) Treasury Secretary Geithner pressed UK regulators on Libor in 2008. (Reuters) A hack of Yahoo!’s (NASDAQ:…
4:06pm ET
Investing
24/7 Wall St. Closing Bell — July 12, 2012: Markets Continue Slide on No Signs of Easing
The three major US stock indexes opened lower this morning following yesterday’s release of the minutes of the June FOMC meeting which did not raise hopes for another round of Fed easing.…
7:57am ET
Banking, finance, and taxes
Bank Earnings To Be Clouded By Huge Discounts To Book Value (JPM, WFC, BAC, C, GS)
This Friday is going to mark a key earnings day when we get earnings from J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC). These two earnings…
10:30am ET
Banking, finance, and taxes
Did The Coldwater Creek Turnaround Really Get Saved?
Coldwater Creek Inc. (NASDAQ: CWTR) is nothing short of a highly unusual winner today. The news is that the women’s apparel retailer announced the closing of a five-year, $65 million senior secured…
Jon C. Ogg 11:35am ET
Investing
Six Key Reports To Kick Off Earnings Season (AA, ADTN, MAR, NG, JPM, WFC, GE, INTC, GOOG)
Forget about your Fourth of July time off! Earnings season is starting this week and it is the tough summer trends that investors have to worry about. While many businesses have held…