6:36am ET
Investing
Chaos Theory Takes Hold Of Corporate Earnings
If a world where corporate earnings are completely predictable is a "10" and a world where they cannot be predicted at all is a "1", most of the last several years have…
BAC Coverage Page 150
6:08am ET
Investing
The Wisdom Of Panic: Firing CEOs When The Chips Are On The Line
The Wall Street Journal has made a great deal of the fact that six big company CEOs have been sacked in the last eight days. Chief executives are fired all the time,…
7:49pm ET
Investing
Short Sellers Attack America’s Largest Companies (GE)(PFE)(T)(HAL)(XOM)(INTC)(MSFT)(CSCO)(IBM)
For the latest reported period, ending December 31, short sellers did not make any notable moves in or out of tech, financials, or industrial shares. What they did do was take impressively…
9:50am ET
Banking, finance, and taxes
Meredith Whitney Predicts Banks Need More Capital (BAC, C, JPM, WFC)
Oppenheimer’s star banking analyst Meredith Whitney slammed the banking giants yet again this morning. The difference between today’s note and her prior criticisms, is that now she expects that many banks will…
6:35am ET
Banking, finance, and taxes
Bank Stocks Could Drop By Half This Year (BAC)(JPM)(WFC)(C)
Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at JPMorgan (JPM)…
4:05am ET
Media
Media Digest 1/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Alcoa (AA) will fire more than 13,000 people. Reuters reports that Apple (AAPL) disappointed with no Jobs or big announcements at Macworld. Reuters reports that GM (GM) says government…
4:06pm ET
Banking, finance, and taxes
Bank Of America (BAC) Won’t Hit Its Numbers
The Wall Street Journal has gotten a hold of some internal documents from Bank of America (BAC) which say that CEO Kenneth Lewis and his top people will not take bonuses. There…
Douglas A. McIntyre 5:43am ET
Investing
Asking The SEC To Do Everything
Down in Washington, a bunch of Congressmen who lost their jobs and bunch of others taking lobbying money under the table for a piece of the bailout fund, are drawing and quartering…
7:01am ET
Investing
2009 Dogs Of The Dow, Mostly Dogs In 2008 (AA, T, BAC, C, DD, GE, JPM, MRK, PFE, VZ)
It looks like we have our most likely candidates for the "Dogs of the Dow" for 2009. This is often misunderstood as an investment vehicle. These are the 10 highest dividend-yielding stocks…
7:31am ET
Banking, finance, and taxes
A Mistaken Vote For US Banks (FRE)(FNM)(C)(WFC)(BAC)
At some point all stocks get too cheap. Enron go too cheap. So did Fannie Mae (FNM) and Freddie Mac (FRE). The next round of company shares that appear to be bargains…
9:27am ET
Investing
Projecting The 2009 Dogs of the Dow (AA, T, BAC, C, DD, GE, JPM, MRK, PFE, VZ)
The Dogs of the Dow are often misunderstood as an investment vehicle. These are technically the 10 highest dividend-yielding stocks out of the 30 DJIA components. The formal list of the ten…
4:03am ET
Investing
Shorts Up Bets Against Healthy Banks And Big Industrials, Move Out Of Tech (AAPL)(C)(GE)(F)(INTC)(MSFT)(YHOO)
If investors had a notion that short sellers were going to stay in big financials, they were wrong. Short interest in the weakest companies in the sector dropped. Shares short in Citigroup…
5:27am ET
Banking, finance, and taxes
Do Bank Of America (BAC), JPMorgan (JPM), And Wells Fargo (WFC) Kill Dividends?
Last October, Bank of America (BAC) cuts its dividend in half to $.32. Citigroup (C) has taken its down to a penny a share. There are not may reasons to invest in…
3:25pm ET
Investing
Market Gives New AllianceBernstein (AB) CEO The Back Of Its Hand
The board of AllianceBernstein (AB), controlled by majority shareholder AXA, dumped longtime CEO Lew Sanders. The stock has been way down recently. Over the last year it is off over 70%, but…
7:48am ET
Housing
Barney Frank To Paulson: Do It My Way (C)(BAC)
Most members of Congress are still remarkably upset that Paulson too the first half of the TARP money and used it for purposes much different than the ones he first set out.…