Washington Mutual (WM) More banking concerns. Hammered to $7.12 from 52-week high of $44.19.Bank of America (BAC) Death to all bank stocks. Sees $30.56 from 52-week high of $52.96.National City (NCC) More…
Short sellers sharply increased their bets against big US banks based on data from the NYSE as of May 30. The number compare with those onMay 15.Short interest in Washington Mutual (WM)…
Short sellers are making significant bets that most financial stocks traded on the NYSE will fall sharply. Data is as of May 15 and compares to information on April 30.Short interest in…
Not all financial shares are created equal, at least no according to short bets made on NYSE companies for the period ending. April 30 compared to numbers on April 15.Short interest in…
The promise from Wall St. firms was implied, not spoken. The heads of operations like Morgan Stanley (MS) and Merrill Lynch (MER) said that the worst was probably over in the credit…
NCC (NCC) was one of those banks that decided the mortgage business was simply an outstanding way to make money. The price of homes and commercial buildings would rise at 10% per…
According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the…
After rafts of bad news from every corner of the business arena starting with GE (NYSE: GE) and spreading to Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB), a hard luck report…
A look at the Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB) deals to raise more capital indicates that other banks and brokerages are looking at below-market deals if their Q1 numbers…
Wachovia (NYSE: WB) will raise between $6 billion and $7 billion. Will the money come in at $28 where the bank trades now? That is already down by half from the 52-week…
This week, we’ll have an earnings onslaught from major US financial institutions for Q1 2008 quarterly results. What investors need to grasp from these financial giants is not whether or not the…
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms.Reuters reports that some members of the Fed believe that the US will hit…
Washington Mutual (NYSE: WM) has outlined its details of a financial aid or rescue finance package. The company is raising a total of $7 Billion via direct stock sales to an investment…
Douglas A. McIntyre These are the top individual analyst calls we are focusing on this Tuesday morning: Apple (NASDAQ: AAPL) Cut to Underperform from Market Perform at Morgan Keegan. Corning (NYSE: GLW) raised to Outperform…
Washington Mutual (WM) may get $5 billion in much-need capital. It is an example of how financial companies bet on subprime mortgages which cut their share prices by as much as 75%…
Douglas A. McIntyre 