thinkstockDecember 18, 2013: Markets opened slightly higher on Wednesday, but didn’t move much until the afternoon FOMC announcement came out. Tapering has begun, and interest rates will remain at their near-zero level.…
ThinkstockThe American Customer Satisfaction Index has released its ranking of the nation’s top four banks, which include J.P. Morgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE:…
ThinkstockJ.P. Morgan Chase & Co. (NYSE: JPM) has announced that hundreds of thousands of prepaid debit card users in America may have had their data breached. The bank reported that personal information…
Jon C. Ogg thinkstockMarkets opened lower Thursday morning and all three major indexes finished the trading day lower as well. The Nasdaq Composite fell just 0.12% at the closing bell, while the DJIA and the…
Public domain via Wikimedia CommonsWith an expected vote due next Monday on the so-called Volcker rule, one question on big bank stocks is whether the impact of that rule has been fully…
ThinkstockAs we head in to the final month of what has been a tremendous year for the stock market, the 24/7 staff is reviewing what the major Wall Street firms are recommending…
ThinkstockThe country’s largest banks have had a pretty good year so far in 2013 and an even better trailing 12 months. Nothing seems to be able to quench investors’ appetite for bank…
Wikimedia CommonsJamie Dimon of J.P. Morgan Chase & Co. (NYSE: JPM) may still be a great banking CEO, but he is far from the bulletproof CEO he was considered to be back…
Jon C. Ogg ThinkstockFour of the largest U.S. banks saw their ratings from Moody’s Investors Service cut on Thursday. The agency cited the reduced likelihood that the government would help Bank of New York Mellon…
courtesy of Starbucks In a press release Wednesday morning, Starbucks Corp. (NASDAQ: SBUX) announced that it plans to hire 10,000 U.S. military veterans and active duty spouses in the next five years.…
ThinkstockThe UBS proprietary institutional flow data indicates that hedge funds are increasing exposure to financials and decreasing exposure to health care. Given that health care has outperformed significantly year to date, hedge…
Courtesy Boeing Co.The third-quarter earnings season has been a very successful one. Most companies have beaten earnings expectations this quarter, continuing a long streak of better-than-expected earnings reports. The U.S. equity research…
ThinkstockHistory shows that years following sub-2% GDP growth tend to be good for stocks, but near-term exuberance, with investors focusing again on momentum stocks, could signal a pause after the big rally from…
ThinkstockBankers are still not very well thought of after the financial meltdown, even if they might not have ben that well thought of before the meltdown. Still, at some point the public…
Short sellers have decided that the run up in Internet company stocks has reached a peak and they have increased their bets against the sector substantially. Many of the public corporations in…
