2:20am ET
Investing
Asia Markets And Europe Open 6/11/2009
Market in Asia were mixed. The Nikkei dropped 10% to 9,961. The Hang Seng dropped .4% to 18,718. The Shanghai Composite fell .7% to 2,798. At the open in Europe, the FTSE…
GS Coverage Page 124
5:46am ET
Investing
Short Interest In Banks Plunges
The short interest in most large banks fell very sharply for the period ending May 29, an indication that traders believe that TARP repayments and ongoing strong earnings mean the fate of American…
4:58am ET
Banking, finance, and taxes
With Pay Cap Restrictions Faltering, Will Talent Return To Wall St.?
Wall St. firms and the large money center banks with investment and M&A arms have continued to insist that their best talent will head to private equity firms and hedge funds as…
3:52am ET
Banking, finance, and taxes
Examining The Torture Of Ken Lewis
The House Oversight Committee has subpoenaed the Fed to get information relating to the Bank of America (BAC) buyout of Merrill Lynch. Ken Lewis, the bank’s CEO, claims that former Treasury Secretary…
3:02am ET
Investing
Media Digest 6/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Supreme Court delays Chrysler deal. Reuters: The cleared ten banks to repay TARP include JPMorgan (JPM), Goldmand Sachs (GS), American Express (AXP), Cpaital One(COF), State Street (STT), BBT (BBT), Morgan…
12:13pm ET
Energy
Airline Stocks Become Reverse Proxy For Oil Again
The first week of May, crude moved around just over $50. Today it traded just above $69, a 38% increase over that period. Airline stocks have reacted badly to the news. No…
7:55am ET
Banking, finance, and taxes
Getting Out From Under the TARP (AXP, BK, BBT, COF, GS, JPM, STT, USB)
The Treasury is finally allowing some of the TARP recipient banks that posed the least systematic risk to begin repaying the Treasury’s preferred stock funds. This will get these institutions out from…
5:13am ET
Banking, finance, and taxes
Stressing The “Stress Test” System
Maybe the initial “stress tests” of America’s 19 largest banks were flawed. Or, perhaps taking a single snapshot is not an adequate way to measure the ever-changing financial system. The Congressional Oversight…
4:50am ET
Banking, finance, and taxes
Treasury Gets Its Money Back And Can Afford To Save Another Industry
The Treasury Department is likely to allow 10 banks which owe in money from TARP funds to pay it back a total of $50 billion. The money will probably burn a hole…
5:19am ET
Banking, finance, and taxes
Will All Of The Top Management On Wall St. Work For $1 A Year?
The Administration is looking at further pay caps for executives on Wall St. and the auto industry. The reasoning is that if a company takes government money, the government should have a…
6:18am ET
Investing
Top Analyst Upgrades (FINL, FTI, FL, BEN, GS, KEY, NDAQ, NOK, NRG, VIP)
These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street firms early this Thursday morning with more than two hours until the market opens: Finish…
2:58am ET
Investing
Media Digest 6/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Global consumer confidence is improving. Reuters: GM (GM) filed for Chapter 11 and expects a quick exit. Reuters: Most US retailers probably had sales drop in May. Reuters: China gave Geithner…
3:01am ET
Investing
Media Digest 6/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: GM (GM) will file for Chapter 11 today. Reuters: Geithner told China its dollar assets are safe. Reuters: A judge approved the sale of most of Chrysler’s assets to a group…
2:15pm ET
Investing
Imminent Change to DJIA 30 (GM, F, CSCO, ORCL, AAPL, GOOG, CL, HON, PEP, TGT, AMZN, MDT, ABT, GS, BRK-A)
Word is out that the Dow Jones Indexes team is set to release the name of the replacement for General Motors (NYSE: GM) in the Dow Jones Industrial Average. We have heard…
12:12pm ET
Banking, finance, and taxes
Troubled Banks, Private Equity, Buyouts & Regulation (GS, MS, BX, BKUNA)
There remains an issue about what to do with troubled banks, and the regulations over who can own banks and at what percentages only add more questions rather than answers. FDIC Chairman…