6:15am ET
Investing
Bank of America’s Next CEO
Bank of America (NYSE: BAC) will need a new CEO soon, if the market’s reaction to the current plans of chief executive Brian Moynihan remains poor. Moynihan has said he will cut…
JPM Coverage Page 109
11:02am ET
Banking, finance, and taxes
Credit Card Debt Is Rising… Or Is It? (C, JPM, MS, BAC, AXP, V, MC, COF)
This morning’s report that Citigroup Inc. (NYSE: C) has downgraded its fellow banks’ earnings was based on fears that the European banking system is facing severe pressure from economic weakness on the…
9:16am ET
Banking, finance, and taxes
Citi Downgrades Major Banks… Is It Downgrading Itself? (C, BAC, JPM, GS, MS)
Major banks and brokerage firms do not cover their own banks, for obvious reasons of conflicts of interest. They do, however, cover their peers and rivals. Many investors believe that the banks…
8:50am ET
Investing
Top Active Trader Alert Stocks (BIDU, JPM, NETL, RIMM, WFC)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Baidu.com, Inc. (NASDAQ: BIDU), JPMorgan Chase & Co. (NYSE: JPM), Netlogic Microsystems,…
6:25am ET
Media
Media Digest (9/12/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Carol Bartz resigns from Yahoo!’s (NASDAQ: YHOO) board. (Reuters) Lagarde disputes reports of an IMF study that shows a $372 billion capital shortfall among Europe’s banks. (Reuters) Bank of America’s (NYSE: BAC)…
7:22pm ET
Investing
When Will Pessimism Bottom Out?
There has to be a bottom to the current pessimism about the economy. US citizens have a pervasive sense of doom that affects the evaluation of the present and the immediate future. Businesses…
6:18am ET
Media
Media Digest (9/6/2011) Reuters, WSJ, NY Times, FT, Bloomberg
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT) Lockheed Martin (NYSE: LMT)…
8:46am ET
Banking, finance, and taxes
Bank Of America Could Cut 30,000
If it is true, it would be another sign of desperation. The Charlotte Observer reports that Bank of America (NYSE: BAC) could lay-off 30,000 people over several years. The bank has come…
10:45am ET
Investing
AIG to Spin-off Plane-Leasing Subsidiary (AIG, BA, GE, EADSY, UTX, BAC, C, JPM, MS)
American International Group, Inc. (NYSE: AIG) has filed a registration Form S-1 for a proposed initial public offering of its wholly-owned IFLC Holdings, Inc. subsidiary. IFLC is the aircraft leasing unit of…
6:31am ET
Banking, finance, and taxes
Ten Steps to Get BofA Stock Back Above $10 (BAC, JPM, C, WFC)
To say that the situation had become painful at Bank of America (NYSE: BAC) would be the understatement of the year. Shares were trading at $10.22 on July 21, before the meltdown…
10:20am ET
Banking, finance, and taxes
BofA’s China Stake Sale Is Better For Holders Than Buffett (BAC, BRK-A, BRK-B, JPM, WFC, XLF, FAS)
Bank of America Corp. (NYSE: BAC) raised $5 billion in cash from Warren Buffett last week, and the bank announced this morning that more cash is on the way from a sale…
6:17am ET
Media
Media Digest (8/29/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
LG Display (NYSE: LPL) cuts capital expenditures as demand for LCD screens is hurt by tablet PC sales. (Reuters) Samsung to delay its tablet launch in the U.S. because of IP lawsuits…
7:31am ET
Investing
24/7 Wall St. Top Analyst Calls of the Week (AAPL, BAC, BSX, GOOG, HGSI, JNPR, NDAQ, NEM, P, PCLN, RIMM, SGEN, SQNM, SLM, VVUS, VMW, INT, JPM, GOOG)
Jon OggEach morning we review our top upgrades, downgrades, and initiations from Wall Street analysts. At the end of the week, we review these more closely along with other calls made throughout…
2:11pm ET
Banking, finance, and taxes
BofA Asset Sale in China, Better Than Buffett? (BAC, BRK-A, BRK-B, JPM, WFC, XLF, FAS)
Now that Bank of America Corp. (NYSE: BAC) has raised $5 billion in cash from Warren Buffett, it’s time to look around and see what assets the bank might have on the…
8:58am ET
Investing
Today’s Top Market Rumors (8/25/11) RIM & Android, Sprint iPhone, NYSE Merger (RIMM, GOOG, MSFT, S, AAPL, ERF, BA, DAL, BAC, JPM, NYX, GLD)
Research in Motion Ltd. (NASDAQ: RIMM) can use all the help it can get, and there is a rumor that the new Blackberry smartphones will run Android apps from Google Inc. (NASDAQ:…