Updated throughout the day on the 24/7 Wall St. Wire: Greek financial firms National Bank and Eurobank Ergasias are in merger talks. (Reuters) China telecom equipment firm Huawei Technologies may stage an…
Douglas A. McIntyre Photo by Spencer Platt/Getty ImagesThe stock market is up slightly Wednesday, with the Dow Jones Industrial Average up 0.07%, the Nasdaq up 0.24% and the S&P 500 up 0.13%. Today’s winners include…
Infamous bank analyst Dick Bove believes that banks are treated so badly by the State of New York that they should abandon the location and move to alternate places. After the New York Attorney…
Trey Thoelcke Banks Should Abandon New York? Infamous bank analyst Dick Bove believes that banks are treated so badly by the State of New York that they should abandon the location and move to alternate places.…
Calling U.S. banks a leveraged play on interest rates supported by declining spreads on investment grade debt, Credit Suisse Group (NYSE: CS) today upgraded its view of U.S. banks. The bank’s analysts…
J.P. Morgan Chase & Co. (NYSE: JPM) must regret the purchase of Bear Stearns, no matter how favorable the terms may have been. The State of New York filed suit against the…
Douglas A. McIntyre Security experts say the recent “denial of service” cyberattacks on big U.S. banks were the largest ever recorded by a wide margin. Since Sept. 19, the banking websites of Bank of America…
Wells Fargo & Co. (NYSE: WFC) joins J.P. Morgan Chase & Co. (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) as its major consumer customer site apparently was hacked and service…
Strikes in Greece Spain is not the only nation with the problem of citizens who have taken to the streets to attack austerity. In Greece, the protesters numbers as high as hundreds…
Nike Inc. (NYSE: NKE) will buy back $8 billion in shares. (Reuters) More than 5 million Facebook Inc. (NASDAQ: FB) members are children who have been banned from the social network. (Reuters)…
Banks are back in favor. The most recently announced round of quantitative easing via mortgage-backed securities purchases from the Federal Reserve follows a ratings action earlier this year in which Moody’s downgraded 15…
A government investigation into J.P. Morgan Chase & Co. (NYSE: JPM) focuses on whether its monitoring of illicit money transactions was adequate. (Reuters) The U.S. will initiate a case at the WTO against…
In the age of health care reform, today’s news will sound ridiculous to just about any investor. The Dow Jones Industrial Average (NYSEMKT: DIA) is making a crazy change among its 30…
The eurozone bailout approval and the coming announcement (or continued hint) of additional quantitative easing from the FOMC is not adding to the banks at the current time. We saw a “Sell the…
We tracked the short interest in the following NYSE most actively traded stocks: Nokia Corp. (NYSE: NOK), Bank of America Corp. (NYSE: BAC), Advanced Micro Devices Inc. (NYSE: AMD), American International Group…
