AIG has already taken in $180 billion of taxpayer money and there is absolutely no reason to believe that most of it will be returned. The insurance company is still losing money…
Short sellers jumped out of major financial shares but piled into the stocks for major industrial firms based on data as of June 15. Shorts clearly think the restructuring of the bank…
Reuters: The Treasury is keeping banks guessing about when they can repay TARP funds. Reuters: Bank of America (BAC) has raised more than $13 billion in share sales. Reuters: Hewlett-Packard’s (HPQ) financial…
The Allstate Corporation (NYSE: ALL) has decided to not participate in the Troubled Asset Relief Program, or the TARP, after a careful review by the company. Management believes the company is strongly…
Douglas A. McIntyre One of the things that Congress and the Administration knows but do not want to admit in public is that bailouts are messy affairs where most of what is planned does not…
These are some of the many pre-market downgrades and negative calls we have seen from Wall Street analysts this Friday morning:Allstate (ALL) Cut to Underweight at JPMorgan.AstraZeneca (AZN) Cut to Hold at…
Financial stocks may have enjoyed sizable bounces from their lows in November and December, but not all analysts are following them up. The insurrance sector and some of the re-insurance names have…
According to Reuters, former Citigroup (C) CEO Sandy Weill may start a fund to invest in distressed financial companies. Reuters writes that Amazon (AMZN) turned in a weak forecast hurting its stock.…
These are some of the top pre-market downgrades we are seeing this Monday morning with more than two hours to the open: Allstate (ALL) Cut to Sell from Hold at S&P Equity…
It did not take long for the bailout of AIG (AIG) to dissolve into chaos. Just two weeks after the Fed put $85 billion into the failing insurance company, the new management…
American International Group (NYSE: AIG) Warns about more potentia write-offs and bad financial controls. Falls to $44.52 from 52-week high of $72.97. PNM Res (NYSE: PNM) Numbers miss Wall St. estimates. Drops…
These are not the only top analyst calls impacting share prices this morning, but these are the main calls that 247WallSt.com is focusing on in pre-market trading this Friday morning: Allstate (ALL)…
(AAPL) Apple’s talks about the Beatles are reportedly close to being settled.(ALL) Allstate is going to stop selling homeowners insurance policies in California.(ALU) Alcatel-Lucent earnings came out, forecasts 10% revenue gains; shares…
Berkshire Hathaway (BRK/A) may be setting its sights lower as far as the size of a merger it would pursue. Reuters has reported that Warren Buffett gave an interview to a Swiss…
Stocks to Watch: BRK/A, MRO, TRV, WM, ALL, LEH, CHA, REP, OXY, DOW, VLO, E, MET, BF, DB, SNP Warren Buffett was noted this weekend as saying he is tempted to find…