Bank of America Corp. (NYSE: BAC) is reducing the amount of cash it pays out in bonuses to employees. According to Bloomberg News, employees are being told of the new bonus structure…
First it was news that Morgan Stanley (NYSE: MS) and Bank of America Corporation (NYSE: BAC) were cutting investment banker pay ahead. Now comes more of the same from Credit Suisse Group…
Morgan Stanley (NYSE: MS) chairman and CEO James Gorman has told the bank’s employees that the world has changed and that they had better get used to the idea. Morgan Stanley plans…
Paul Ausick Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. DaVita, Inc. (NYSE: DVA) Raised to Outperform as Bull…
Apple (NASDAQ: AAPL) has another blow-out quarter driven by iPhone sales. (Reuters) Japan has its first trade deficit since 1980. (Reuters) Yahoo! (NASDAQ: YHOO) posts weak earnings on a revenue drop. (Reuters)…
Stocks opened higher this morning and have mostly remained in positive territory throughout the day. Reports that China was considering lowering its banks’ capital reserve requirements boosted both Asian and European markets…
US index futures are higher this morning as European and Asian markets have all responded favorably to recent earnings announcements for US companies like Bank of America Corp. (NYSE: BAC), Morgan Stanley…
The SPDR Gold Trust (NYSE: GLD) and the iShares Silver Trust (NYSE: SLV) are not falling on this news due to ‘risk-on trading’ this morning, but the two metals were part of a…
We have already seen the first wave of bank earnings, but the rest of the week is full of bank and financial earnings. In fact, the real bank earnings season is all…
China’s economy expands at a better-than-expected 8.9% in Q4 and area markets soared. (Reuters) Walmart (NYSE: WMT) appoints a former CBS (NYSE: CBS) digital executive as head of its digital operations. (Reuters) Disapproval…
Fifteen months ago, the price of a gallon of regular gas was well below $3 a gallon, according to AAA data. It came close to the $4 level six months ago, but…
J.P. Morgan Chase & Co. (NYSE: JPM) is about to report earnings Friday morning as the first bank and second DJIA component kicking off earnings season. We wanted to make a preview…
If there is a banking and financial boutique that investors pay attention to, it is Keefe Bruyette & Woods. The firm is out with a note trimming fourth quarter bank earnings, handily cutting estimates in…
Swiss crude oil refiner Petroplus has temporarily halted operations at three of its five European refineries after the company’s banks refused to extend the $1 billion credit facility Petroplus uses to buy…
A letter regarding former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd’s behavior which caused his dismissal was ordered to be released by a Delaware court (Reuters) The US sold Saudi Arabia 84 F-15 fighters…
