Stocks Tickers: MCO, MHP, XLF, GS, MS, MER, LEH, BSC, C, BAC, JPM, WFC, WB You will have to have a subscription in order to access the full article, but Moody’s has…
The CEO of CountryWide Financial (CFC), Angelo Mozilo, could not just take the $2 billion his company got from Bank of America (BAC) and have a nice day. He had to mention…
According to Reuters, a group of California gas stations filed suit against Chevron (CVX), Saudi Aramco, and Royal Dutch Shell for price fixing. Reuters writes that Canon (CAJ) is spending another $862…
It is too good to be true. Bank of America (BAC) put $ 2 billion into Countrywide Financial (CFC) by taking convertible preferred with an $18 a share strike price and a…
Douglas A. McIntyre On today’s STOP TRADING on CNBC, Jim Cramer said that the Lehman (NYSE:LEH) exit from the mortgage business is a positive because this wasn’t making money. He’d be a buyer on that…
On tonight’s MAD MONEY on CNBC, Jim Cramer discussed why Wachovia (WB), Wells Fargo (WFC), and Bank of America (BAC) were all up big today; and some even higher than before the…
If someone told you that Charles Schwab Corp. (NASDAQ:SCHW) was back in positive territory on the day the market fell 300 points in the DJIA AND on a day that many of…
Yesterday evening’s FED FILINGS shows some interesting increases in holdings in Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A). He boosted holdings in his financial stocks, and it is helping the stocks today. Keep in…
Chuck Prince is likely to be on the hot seat again, but, his troubles may be worse than in the past. According to The FT the bank "lost more than $500m in…
According to several media reports, the SEC is looking at the books of Wall St.’s five largest brokers. The target is undisclosed problems with mortgage securities and loans for private equity transactions…
According to Reuters, Bear Stearns (BSC) has several potential buyers including JP Morgan (JPM) and Bank of America (BAC) Reuters writes that a court overturned a patent infringement award won by Alcatel-Lucent…
Short selling in banks is always an interesting area to watch, particularly in the midst of a credit lending debacle that has led to a lower credit ranking and higher loan loss…
Below are key short interest statistics for July. The figures are as of July 13 compared to June 15, 2007 Largest Short Positions Company …
(AMTD) TD Ameritrade trading up 1% after beating and raising target.(AVCI) Avici Systems trading up 29% on higher revenue guidance after earnings.(BAC) $1.28 EPS vs $1.20 estimate.(CAL) Continental $2.10 vs 1.84 estimate.(CTXS)…
Stock Tickers: KO, INTC, UTX, FCX, HON, JCI, CAT, SLB, MER, C, JPM, WFC, BAC On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to talk about all the earnings coming out…