This Friday is going to mark a key earnings day when we get earnings from J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC). These two earnings…
The now-former CEO of Barclays plc (NYSE: BCS), Robert Diamond, has given up his claim on $31 million in stock bonuses after being forced to resign following the scandal over the bank’s…
A consortium led by Sony Corp. (NYSE: SNE) has received US Federal Trade Commission approval to acquire the music publishing arm of EMI from Citigroup Inc. (NYSE: C). Citigroup acquired the business…
J.P. Morgan Chase & Co. (NYSE: JPM) is weak this morning on word that the bank’s trading losses will be much wider than originally reported. The market knew that the loss would…
courtesy Facebook Inc.This week marks the end of the Facebook, Inc. (NASDAQ: FB) analyst quiet period for those many brokerage firms which have analysts who will finally be free to initiate coverage…
Moody’s recent downgrade of 15 of the world’s largest banks, along with JP Morgan Chase & Co.’s (NYSE: JPM) multibillion trading loss, make it clear that certain big banks are just not…
Many analysts said that the Moody’s downgrade of banks reflected circumstances that the capital markers already realized. The downgrades, therefore, were largely useless. But the reaction to the rating changes by Moody’s…
Add one more piece of pessimistic news to that coming from economic research firms in Europe. The Ifo Institute issued its latest data on Germany: The Ifo Business Climate Index for industry and trade…
The heads of Germany, France, Spain and Italy meet to seek a solution to the financial crisis in the eurozone. (Reuters) A “bug” interrupts Twitter service twice. (Reuters) Moody’s downgrades 15 banks,…
We had been informed that Moody’s was going to finally release its massive downgrade of the banking system today. The Moody’s warning came back in February that the downgrade was coming, so this…
Flickr, Images of MoneyAs part of the $26 billion mortgage foreclosure settlement reached between the federal and state governments with a number of mortgage lenders, borrowers who believe that their homes were…
Shares of Bank of American Corp. (NYSE: BAC) are up about 5% today on two bits of news. First there’s the story that the bank is negotiating a sale of its wealth…
J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony. The problem is that Bank of America Corporation (NYSE: BAC) is trumping…
Two things happened today in the Jamie Dimon hearing in front of Congress over the $2 billion loss (or is it $4 billion yet) for J.P. Morgan Chase & Co. (NYSE: JPM). …
If Jamie Dimon, CEO of J.P. Morgan Chase & Co. (NYSE: JPM), is really going to be grilled hard in Congressional hearings on Wednesday, then why is it that shares of J.P.…
