Updated throughout the day on 24/7 Wall St. Wire. A $25 billion settlement between the federal government and state attorneys general on one side and five banks on the other over mortgage…
Time has finally run out for Greece. The European Union, European Central Bank and International Monetary Fund have said they are tired of waiting to see if Greece can cut is budget again.…
General Motors (NYSE: GM) will target a 10% profit margin over the next several years. (Reuters) Glencore offers an 8% deal to close a buyout of Xstrata. (Reuters) HTC has trouble demonstrating that…
The state of New York has filed a lawsuit in the state’s Supreme Court charging Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), and JPMorgan Chase & Co.…
Over the last ten years, the US Securities and Exchange Commission (SEC) has offered nearly 350 waivers to the country’s biggest banks in cases when the banks might be punished for fraud,…
Credit card giant MasterCard Inc. (NYSE: MA) reported fourth quarter adjusted EPS of $4.03 on revenue of $1.72 billion. Consensus estimates called for EPS of $3.92 on $1.73 billion in revenue. The…
All three major indexes opened lower again today on weak markets in both Europe and Asia. European markets continued to be weighed down by the lack of a firm agreement on the…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Monday morning. Advanced Auto Parts Inc. (NYSE: AAP) Raised to Buy…
Jon OggThis last week brought many new analyst calls in key stocks. At the end of each week we review research calls looking for the best gems, the calls that made serious…
Greece and its creditors are close to a deal on the nation’s debt swap. (Reuters) A judge rules that some of the Gulf spill costs to be covered by Transocean (NYSE: RIG) will…
In an interview with CNBC from the Davos World Economic Forum, JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon said that the impact of a Greek default on US banks would…
Paul Ausick For the first time in a long time, short sellers have increased their bets that the stock prices of most large companies and in most large sectors will fall. The NYSE and…
Two different reports from analysts in the agriculture and fertilizer segment have the global growth and the “move to two meals a day for the emerging world” arguments a bit under fire…
State and federal government officials are near a deal to settle improper foreclosure charges against a number of banks. The amount of the agreement will cause financial firms to pay about $25…
Bank of America Corporation (NYSE: BAC), J.P. Morgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Citigroup, Inc. (NYSE: C) are among the banks and lenders which could be…
