After seeing Citigroup’s (NYSE:C) news this morning and listening to snippets of the conference call, it seems that at 9:00 AM when shares were down 2% would have been a much easier…
UBS (UBS) and Citi (C) have both announced huge write-downs on their fixed income portfolios due to tight credit and deteriorating credit markets. Watch all of the big money center banks and…
According to MarketWatch, Citigroup (C) expects to report that third-quarter earnings will drop about 60% from a year earlier due to "dislocations in the mortgage-backed-securities and credit markets, and deterioration in the…
Douglas A. McIntyre Texas Instruments (NYSE:TXN) shares are up 3.1% today at $36.85 on the dividend hike and share buyback increase. Jim Cramer on today’s STOP TRADING segment on CNBC came out and said Texas…
It looks like short sellers decided to bail out of the money center banking stocks ahead of the FOMC decision on rates. This is consistent with the overall trends if you look…
We reviewed our different portfolios of key stocks to see which ones performed the best today, and it wasn’t just the financials as a general class. At the end of the day,…
According to Reuters, Citigroup (C) will list its shares on the Japanese stock market as early as November. Reuters writes that Capgemini, Europe’s largest computer consultancy, will start to incorporate Google (GOOG)…
According to Reuters, Countrywide (CFC) will eliminate 900 jobs. Reuters writes that Apple (AAPL) is looking for higher sales and Europe launch of the iPhone as part of the reason it cut…
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…
Analysts at Sanford C. Bernstein & Co believe that Citigroup (C) may lose $3 billion in the third quarter. The big bank "may lose between $1.2 billion and $1.5 billion on loans…
Douglas A. McIntyre (BEAS) BEA Systems trading up 6% pre-market on 3 upgrades: Raised to Buy at B of A; raised to Buy at UBS; raised to Outperform at Bear Stearns.(BX) Blackstone earned posted revenues…
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…
On tonight’s MAD MONEY on CNBC, Jim Cramer said that today and this week proves sometimes you can’t be too bullish. You need a measure for an ‘all-clear’ signal to see when…
On today’s STOP TRADING on CNBC, Jim Cramer discussed the myriad of financial-related stocks and anything tied to housing as an area he’d still stay away from. In fact he said he’d…
Douglas A. McIntyre 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…