According to Reuters, the House passed a bill that would tax AIG’s (AIG) and some other bonuses by 90%. Reuters reports that the US gave auto suppliers a $5 billion lifeline. Reuters…
If you thought that lavish spending was over on Wall Street, there is going to be a new point of outrage this morning for all the whiners. Citigroup Inc. (NYSE: C) is…
Douglas A. McIntyre If you thought things were going to get quiet at Citigroup, Inc. (NYSE: C) after the 200% run up of late, they aren’t if this morning’s news comes to fruition. The company…
Douglas A. McIntyre Citigroup (C) shares are going up every day now, gaining 23% yesterday. So far, the stock has gone from a low of $.97 to $3.20 in just a few weeks. The reason…
Douglas A. McIntyre Bank of America Corp. (NYSE: BAC) is now claiming it could pay back the TARP monies late in 2009 or in 2010, earlier than expected. In a report from the Charlotte Observer,…
The market rise of the last two weeks has been described as a “sucker” or a bear market rally. One means about the same as the other. The premise is that the…
Meredith Whitney is and was one of the most influential banking analysts on Wall Street. She was negative on the banking and investment banking sector for roughly two years and has been…
As you will see below, there are many new calls in the banking and brokerage sector this Tuesday morning: Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS) Started as Outperform at Oppenheimer. …
Now that final numbers from 2008 have been filed for most large US companies, 24/7 Wall St. is picking several stocks that are likely to double off of their lows, almost all…
According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its…
Citigroup Inc. (NYSE: C) has disclosed those four new independent board members that it is nominating for election at the April 21 shareholders’ meeting. There were reports last week that these would…
After days or pressure from Congress and the public, AIG (AIG) released data about which counterparties to it credit default swap portfolio got large chunks of money from the federal government bailout…
Since Monday, when several news items (1. Citigroup (NYSE: C) said it would be profitable, 2. Fed Chairman Bernanke addressed mark-to-market issues, and 3. Barney Frank said he expects to see the…
The market rally over the last few days based its activity on just a few events, but the press and investors have grabbed them and are holding on for dear life. The…
According to Reuters, investors in GE (GE) are still worried that the stock will not recover to its highs of last year. Reuters reports that Madoff pleaded guilty of 11 charges of…