The Treasury is finally allowing some of the TARP recipient banks that posed the least systematic risk to begin repaying the Treasury’s preferred stock funds. This will get these institutions out from…
Reuters: Rio Tinto (RTP) has killed a deal with Chinalco for one with BHP (BHP). Reuters: US regulators insisted JP Morgan (JPM) and Amex (AXP) raise money to exit the TARP. Reuters: …
The waves of capital raising continues. American Express Company (NYSE: AXP), JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS), and Bank of America Corporation (NYSE: BAC) are just the leading…
Reuters: Global consumer confidence is improving. Reuters: GM (GM) filed for Chapter 11 and expects a quick exit. Reuters: Most US retailers probably had sales drop in May. Reuters: China gave Geithner…
Robert Zoellick, the head of the World Bank, recently said that the current efforts to right the world’s economy are wholly inadequate. It is a position in which he has been joined…
Reuters: Twitter will release business tools in an attempt to make money. Reuters: A GM (GM) bankruptcy is seen as nearly inevitable. Reuters: American Express (AXP) will cut 4,000 jobs. Reuters: Obama…
We have just gotten the Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) holdings for the end of Q1-2009. The cut off date here was March 31, 2009 and there are some…
American Express Co. (NYSE: AXP) is probably feeling a little lucky today. On a day that the market is lower its shares are only down 2% after the company disclosed in an…
These are some of the top analyst downgrades and cautious research calls we have seen from Wall Street early this Tuesday morning: American Express (AXP) Started as Underperform at RBC. Buckle (BKE)…
According to Reuters, stress tests results will force ten banks to have to raise nearly $75 billion. Reuters reports that Toyota (TM) lost $6.9 billion and warned of more losses ahead. Reuters…
Finally, the stress tests are out for the US banking and financial institutions. Of the banks, 10 of 19 banks need a combined $74 billion of equity.The good news is that a…
According to Reuters, tech giants reported reasonable earnings for last quarter because of cost cutting and a resilience in a bad economy. Reuters reports that Chrysler is still working on a deal…
Citi upgrades American Express (NYSE: AXP) from Sell to Hold. Price target increased from $9 to $16. Citi analyst says, “Given the stock performance over the past four months (shares down 40%)…
Douglas A. McIntyre These are some of the top analyst upgrades or positive initiations we have seen early this morning with about two hours until the open: Adobe Systems (ADBE) Raised to Outperform at RBC.…
These are some of the top pre-market analyst downgrades or cautious calls we have seen from Wall Street firms early this Wednesday morning: American Express (AXP) Cut to Underweight at JPMorgan. Atmel…
