Banks like Goldman Sachs (GS) are saying they want to pay their TARP loans back. They are financially healthy and don’t want the government restrictions that being in the program brings. The…
Douglas A. McIntyre The recovery from the recession looked fine until late last week. Some of the data from the government and associations that keep track of economic indicators got a bit worse. But, that…
General Growth (GGP), the big mall owner, filed for bankruptcy, as many experts thought it would. The company has $27 billion in debt and, with real estate prices depressed, it may be…
These are the top 10 analyst calls we have seen early this Wednesday morning from Wall Street: Chipotle Mexican Grill (CMG) Raised to Outperform at William Blair. Frontier Oil (FTO) Cut to…
According to Reuters, Goldman Sachs (GS) would like to return to its old businesses and compensation practices, but it may not be able to. Reuters reports that the US is planning to…
The Goldman Sachs Group, Inc. (NYSE: GS) has announced the pricing of its highly anticipated secondary offering of 40,650,407 shares of its common stock. The pricing went off at $123.00 per share…
Douglas A. McIntyre Two things, which happened within hours of one another, will probably determine the value of bank stocks for the next several months. Optimism about bank earnings pushed up Citigroup(C) by 25% yesterday…
According to Reuters, Ebay’s (EBAY) shares are cheap by many measures but investors are avoiding the company, while Amazon’s (AMZN) are so expensive that investors are concerned. Reuters reports that the SEC…
Maybe the recovery of the major banks and investment houses is not a mirage. Maybe it is the real deal. Goldman Sachs (GS) reported net revenues of $9.43 billion and net earnings…
Douglas A. McIntyre These are some of the top analyst upgrades or positive research calls that we have seen early this Monday morning from Wall Street: Berry Petroleum (BRY) Raised to Outperform at Morgan Keegan.…
According to Reuters, GM (GM) has been told by Treasury to begin work on a bankruptcy. Reuters reports that China’s growth has started to move inland from the coast. Reuters reports that…
The market capitalization of some big banks has doubled in a month. All of them will have “stress test” results from the government within a few weeks. Those that get fairly high…
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent…
According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending. Reuters reports that the SEC will consider restricting short…
The rights offering made by HSBC (HBC) raised over $18 billion and the participation rate was over 96%. That should give banks which may need to raise capital in the near future…