According to Reuters, banks may be hard hit by the bankruptcy of General Growth (GGP) and future commercial real estate defaults. Reuters reports that VW may overtake Toyota (TM) as the No.1 car…
These are some of the top pre-market analyst downgrades we have seen early this Tuesday morning from Wall Street: Ameristar Casinos (ASCA) Cut to Neutral at JPMorgan. Bank of America (BAC) Started…
Two things, which happened within hours of one another, will probably determine the value of bank stocks for the next several months. Optimism about bank earnings pushed up Citigroup(C) by 25% yesterday…
According to Reuters, Ebay’s (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon’s (AMZN) are so expensive that investors are concerned. Reuters reports that the SEC…
There would appear to be no end to the extent to which banks which received TARP funds will go to make Congress and the public unhappy with the program and its results.…
The Federal Reserve keeps saying that many of its dealings with the financial industry must remain secret. Congress keeps insisting that no such secrets should be kept from the taxpayers who are funding the massive…
Investors find it disconcerting to see the stocks in the huge financial institutions that are at the foundation of the global capital system trading up and down 25% a day, and, in…
Wells Fargo & Co. (NYSE: WFC) is going to be taking the bank stocks significantly higher, particularly the Direxion Financial Bull 3X Shares (NYSE: FAS). The company is releasing earnings on April…
Depending on the source, Japan’s mythic “Lost Decade” lasted from 1989 to 2003, or sometime later if the exact bottom of the real estate market in the Asian nation is taken into…
Bank of America (BAC) CEO Ken Lewis has based what is left of his reputation on the fact that the firm does not need another dime in government money. As a matter…
Douglas A. McIntyre According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending. Reuters reports that the SEC will consider restricting short…
Several prominent bank analysts came out with statements yesterday saying that the largest US financial firms would post more heavy losses and that their accounting methods would obscure the worst of it.…
Maybe the market’s perception that bank stocks are out of the woods is premature. Many of the stocks in the sector have more than doubled from their early March lows. According to…
At 842, the S&P is pushing near a 25% gains since it bottomed for the year-to-date at 677 on March 9th. The bank stocks continue an extraordinary run over that period. Citigroup…
The Financial Accounting Standards Board, or FASB, has voted to loosen its rules for the (now dreaded) balance sheet act of mark-to-market valuation for accounting. Many will argue that this is unfairly…