Maybe it was the $21 billion of losses Merrill Lynch had in Q4. Or, perhaps it was the bonuses Merrill gave out before the Bank of America (BAC) takeover was final, but…
Douglas A. McIntyre By many measures, the economy in the UK may be worse off than the US, at least up until now. The government has dealt with that by becoming more aggressively involved in…
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned…
Buying bank stocks might not be the worst investment ever. At least that is the case if you bought today when the market was down. Late in the day came SEC filings…
24/7 Wall St. set out to look at whether financial reporting at a number of companies, particularly banks ,is “reliable”? This process took into account the chances that a firm might have…
These are some of the top pre-market analyst downgrades or cautious calls we are seeing from Wall Street this Wednesday morning: Apollo Investment (AINV) Cut to Neutral from Overweight at JPMorgan. Baker…
According to Reuters, the financial crisis may speed up the approval of the Treasury Secretary. Reuters reports that Fiat has set a deal to own 35% of Chrysler. Reuters reports that an…
The raging debate about the largest American banks is whether their stock market values should be zero. Economist Nouriel Roubini, the most highly paid pessimist in the world, recently said that US…
The carnage among financial stocks is so complete, that they are listed here witht thier lows: Bank of America (BAC): $5.17, Citigroup (C): $2.80, Wells Fargo (WFC): $14.02, JP Morgan (JPM): $17.70,…
Bank of America Corporation (NYSE: BAC) has put itself right in harm’s way if you have been watching its share price over the last week (and longer). Ken Lewis is either going…
Douglas A. McIntyre The federal government really does not want to build a "bad bank" to take toxic assets from America’s largest financial institutions. It has taken a number of measures to avoid it. The…
The rehabilitation and restructuring of Citigroup (C) was supposed to take months, or maybe a year. The big bank got a cash infusion when it sold a part of Smith Barney to…
Now that Bank of America (BAC) has been given $20 billion more capital from the government in addition to about $118 billion in guarantees against toxic asset losses, the subject of whether…
Bank Of America (BAC) Needs a bigger government bailout. Drops to $7.35 fro 52-week high of $45.08. Regions Financial (RF) Bad day for banks. Falls to $5.97 from 52-week high of $25.84.…
Analysts have been concerned that JP Morgan (JPM), considered the most successful of the large US banks, might miss its numbers and turn in a loss The financial firm held the line…