There is still no settlement between Greece and the private investors who hold its debt. Greece also faces a call from Germany to have an independent agency supervise its budget. The Greek government…
Bank of America Corp. (NYSE: BAC) is reducing the amount of cash it pays out in bonuses to employees. According to Bloomberg News, employees are being told of the new bonus structure…
First it was news that Morgan Stanley (NYSE: MS) and Bank of America Corporation (NYSE: BAC) were cutting investment banker pay ahead. Now comes more of the same from Credit Suisse Group…
Cult stocks and controversial stocks often have an unusually high short interest. What is amazing is that the bets against these companies sometimes go off the charts. We have tracked unusual short…
For the first time in a long time, short sellers have increased their bets that the stock prices of most large companies and in most large sectors will fall. The NYSE and…
Just because you’re retired doesn’t mean you don’t have to work. As of the end of last year, 7.3% of Americans 75 and older were employed — the highest level since 1966,…
Profitability problems at Bank of America Corp. (NYSE: BAC) will lead to a pay cut of 25% for the company’s investment banking group. Bloomberg News reports that bank executives had previously said…
Paul Ausick State and federal government officials are near a deal to settle improper foreclosure charges against a number of banks. The amount of the agreement will cause financial firms to pay about $25…
Of the 76 companies included in the S&P 500 index that have reported earnings through last week, 55% have beat expectations according to S&P Capital IQ consensus estimates. The largest year-over-year growth…
Bank of America Corporation (NYSE: BAC), J.P. Morgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Citigroup, Inc. (NYSE: C) are among the banks and lenders which could be…
Bank of America Corp. (NYSE: BAC) has already identified cost cuts of $5 billion for 2012. Now the company is looking at additional ways to save another $5 billion. The bank is…
Paul Ausick Equity markets opened mixed this morning, with the DJIA up slightly and the NASDAQ Composite and S&P 500 down slightly. That pattern held throughout the day as last night’s report from Google…
Stocks opened higher this morning and have mostly remained in positive territory throughout the day. Reports that China was considering lowering its banks’ capital reserve requirements boosted both Asian and European markets…
US index futures are higher this morning as European and Asian markets have all responded favorably to recent earnings announcements for US companies like Bank of America Corp. (NYSE: BAC), Morgan Stanley…
Bank of America Corporation (NYSE: BAC) was already the best performing DJIA stock with gains of more than 20% since the end fo 2011. Now it has even more legs after the…
