5:02am ET
Banking, finance, and taxes
Cut Citi’s (C) Dividend
Citigroup’s capital levels are way down. Part of this comes from a drop in the value of its asset base and part from a string of acquisitions that the bank has made.…
C Coverage Page 147
3:16am ET
Media
Media Digest 11/1/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, US car sales are expected to have fallen in October. Reuters writes that China has approved the trading of stock futures. Reuters reports that Google (GOOG) is in talks…
3:14am ET
Media
Media Digest 10/31/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, a number of experts do not believe that a rate cut by the Fed will help the falling housing market. Reuters writes that Alcatel-Lucent (ALU) will cut another 4,000…
2:31pm ET
Economy
Bill Gross Calls For Extreme On Rates (C, CFC, TLH, IEF, TLT)
Bond seer Bill Gross of PIMCO issued his November outlook and is looking for the FOMC not to just need a rate cut this week. He believes that the FOMC will need…
1:34pm ET
Investing
Merrill Lynch (MER): A Dirge For Stan O’Neal
After taking Merrill Lynch’s (MER) stock from $35 in early 2003 to $98 earlier this year, the company’s board sacked CEO Stan O’Neal for one bad quarter. O’Neal came across as a…
4:42am ET
Economy
Mortgage Losses Could Hit $400 Billion
According to The New York Times "economists say the troubles in the mortgage market could, all told, cost financial firms and investors up to $400 billion." The figure includes losses in home…
6:37pm ET
Investing
Merrill Lynch (MER) And Citigroup (C): Where Were The Boards?
Back in the day when Merrill Lynch (MER) was minting money and the stock was at $98, it had made a run from $35 in early 2003. That was just this last…
5:07pm ET
Banking, finance, and taxes
Greenspan Questions Huge Bail-Out Fund (C)(JPM)(BAC)
According to the FT, former Fed chief Alan Greenspan says that the $75 billion plus fund to buy the assets of troubled investment vehicles is a bad idea. The leaders in the…
11:27am ET
Housing
Home & Lending Stocks Continue To Implode (FNM, FRE, C, WM, SOV, HD, LEN, CTX)
After reviewing the 52-week lows today, it was almost the same old trend we have been seeing day in and day out…. Lenders… Banks… Homes… and Consumer…What is obvious is that the…
4:54am ET
Banking, finance, and taxes
Big Citigroup (C) Bail-Out Fund Already In Trouble
Several banks with troubled fixed income and mortgage securities are making the rounds to raise $80 billion to $100 billion to build a fund to buy some of this distressed debt. Citicorp…
3:07am ET
Media
Media Digest 10/19/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Google’s (GOOG) quarterly profit rose 46%. Reuters writes that Warren Buffett has sold his entire stake in PetroChina (PTR) Reuters writes that Microsoft (MSFT) says that its may make…
10:37am ET
Banking, finance, and taxes
Citi Woes Continue….Thanks To Mr. Prince (C, JPM)
Citigroup (NYSE:C) shares have spent most of the day in the tank after three straight down-days in the stock. In fact, todays intraday lows were actually 52-week lows. Conversely, JPMorgan Chase (NYSE:JPM)…
3:08am ET
Media
Media Digest 10/17/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, the Mortgage Bankers Association said that mortgage originations will fall next year to the lowest levels since 2000, forcing job losses for at least 30,000 more home finance professionals.…
6:35pm ET
Banking, finance, and taxes
Earnings Preview: JPMorgan Chase (JPM)
DJIA component and financial giant JPMorgan Chase (NYSE:JPM) is set to report earnings Wednesday morning before the open. We have First Call estimates at $0.90 EPS & $16.6 Billion, but based upon…
9:04am ET
Banking, finance, and taxes
More Details on Superfund (BAC, C, JPM)
More details are out on this huge superfund we covered over the weekend to take advantage of over-sold (or now illiquid) asset-backed securities and loans. The name of the structure is a…