We are seeing many high volume price drops in actively traded shares today. In most cases, the earnings are to blame, but there are other issues affecting some stocks as well. Goldman…
Sometimes there is just lunacy written about financial companies, and sometimes there is lunacy inside of financial companies. Forget about the argument that there are usually both for a minute. Yesterday we…
Citigroup (C) is not going to make it, at least not an an independent company. The FT has reported that the head of Goldman Sachs (GS) called Citigroup CEO Vikram Pandit to…
This is obviously one of our ugliest mornings in years with futures trading limit down. What is interesting is that the financial stocks are the most leveraged to this, yet oddly enough…
Goldman Sachs repeated its opinion that Citigroup (C) is a "sell" and probably would not make a cent until late in 2009. Goldman claims that credit markets are too tough for Citi…
No matter how badly the economy is doing and what shareholders in American financial firms have lost, it would be a shame to see investment bankers go without their bonuses. According to…
Henry Paulson seems like a very large and old Eagle Scout. He would never mislead, at least not on purpose. He gave the impression as he announced that Treasury would dump $250…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
One size fits all. That is the reasoning behind Treasury’s plan to invest money in a number of large banks by purchasing preferred shares. Jamie Dimon of JP Morgan (JPM) and Lloyd…
According to The Wall Street Journal, "Mitsubishi UFJ Financial Group closed a $9 billion investment in Morgan Stanley that gives MUFG a 21% interest. Under revised terms, MUFG has acquired $7.8 billion…
Douglas A. McIntyre A big up day in the market, say 4% or 5%, is not a rally, at least not any more. The DJIA has proved that it can move 1,000 points from bottom…
According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work. Reuters reports that Japan’s Mitsubishi UFJ Financial Group is looking for…
The IMF said that the world banking system faces of meltdown if governments does not take immediate action to support that largest banks. Based on comments from Paulson, the US may be…
This highly anticipated deal to fund Morgan Stanley (NYSE: MS) with $9 billion from Japan’s largest bank, Mitsubishi UFJ Financial Group, Inc. (NYSE: MTU), cannot come fast enough. Both sides have come…
A few days ago, it would have been nearly impossible to believe that the deals for Bank of America (BAC) to buy Merrill Lynch (MER), for Mitsubishi UFJ to buy 20% of…