7:56pm ET
Banking, finance, and taxes
AIG (AIG): A Bridge Loan To Nowhere
AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A partial rescue came in the form of permission from New York State…
Companies
/Financial Services
JPMorgan Chase & Company
$357.62
â–² $3.40 (+0.96%) today
Markets closed · 10:40am ET
JPM Coverage
Page 13910:26pm ET
Banking, finance, and taxes
World’s Largest Banks Create A Fund To Save One Another
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; be he ne’er so vile… Saint…
6:20am ET
Banking, finance, and taxes
Lehman (LEH) May Or May Not Be Sold, May Or May Not Get Government Help, May Or May Not Sell Assets, May Or May Not Remain Independent
Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s problems must be resolved before Asia markets open, or that a panic…
10:31am ET
Economy
A Dozen Companies Which Should Lay-Off 10,000 People This Year
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division of GMAC said it would let 5,000 people go. According to MSNBC,…
5:14am ET
Banking, finance, and taxes
Commerzbank And A Big American Bank Merger (JPM)(BAC)(WM)(WB)
The Commerzbank buy-out of Dresdner Bank was not a shotgun wedding. Neither institution was failing. The severe balance sheet problems facing may other global money center banks were not an important consideration.…
2:51am ET
Media
Media Digest 8/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Singapore sovereign fund Temasek say it sees value in US and UK stocks. Reuters writes that two large bond investors may get involved in raising capital for Fannie Mae…
4:55am ET
Economy
Fed Policy Alternative: Watch The World Burn (GS)(JPM)(FNM)(FRE)(WB)(WM)(LEH)
In the latest installment of the "Batman" film series, loyal butler Alfred tries to explain the behavior of some of the most depraved criminals. He points out to a befuddled Bruce Wayne…
8:16am ET
Industrials
Warren Buffett Talks Financials, Markets, Economy & Politics (BRK-A, WFC, AXP, JPM, FNM, FRE, BUD, CNQ, BNI, BRK-B)
This morning there was a rather long CNBC interview where Becky Quick got to interview Berkshire Hathaway’s (NYSE: BRK-A) Warren Buffett live in Omaha. He noted specifically that the economic weakness was…
8:50am ET
Investing
Goldman Sachs (GS) Cuts All Bank Estimates But Its Own (JPM)(MER)(C)(MS)
It is not hard to blame Goldman Sachs (GS) for failing to cut its own earnings estimates for the next quarter and the full year. That kind of action by analysts is…
2:53am ET
Media
Media Digest 8/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the…
2:53am ET
Media
Media Digest 8/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Greenspan says the housing market should bottom in 2009. Reuters writes that US auto makers are scrambling to make more fuel-efficient cars. Reuters reports that the SEC is close…
6:23am ET
Investing
Top Pre-Market Analyst Upgrades (ALK, AMR, AAPL, CAL, DAL, DELL, JPM, LDK, PENN, SCR, SNSS, LCC)
These are some of the top analyst upgrades and positive calls we are seeing this Tuesday morning: Alaska Air (ALK) Raised to Overweight at JPMorgan. AMR Corp. (AMR) Raised to Overweight at…
2:52am ET
Media
News Digest 8/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen…
10:00pm ET
Investing
Short Sellers: Split Decision On Financials, And Bailing Out Of Tech (WM)(WFC)(WB)(BAC)(JPM)(MER)(FRE)(FNM)(MSFT)(QCOM)(DELL)(BRCM)(KFT)(GM)(AMR)
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a…
9:15pm ET
Banking, finance, and taxes
JP Morgan (JPM) Balance Sheet Takes Another Haircut
Every month, Wall St. hopes that bank write-downs will slow or stop and every month matters seem to get worse. It looks like July will turn out to be no exception as…
Douglas A. McIntyre