Fannie Mae (FNM) and Freddie Mac (FRE) opened well up today. FRE hit a high of $9.80 up from a $7.75 close on Friday. Now, it is only up a little over…
These are some of the preliminary downgrades or negative research calls seen out of Wall Street analysts this Monday morning in early morning hours: Computer Sciences Corp. (NYSE: CSC) Cut to Sell…
The federal government has decided that Fannie Mae (FNM) and Freddie Mac (FRE) are too big to fail. The Fed and Treasury will offer a combination of loans and stock purchases to…
Fannie Mae (FNM) Full-blow panic that it will fail. Down to $6.68 from 52-week high of $70.57. Freddie Mac (FRE) Panic. Falls to $3.89 from 52-week high of $67.20. Lehman (LEH) Panic…
The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest…
According to Reuters, the government is considering taking over Freddie Mac (FRE) and Fannie Mae (FNM). Reuters writes that Google (GOOG) thinks that an independent Yahoo! (YHOO) would be better for the…
According to Reuters, Robert Steel was named the new CEO of Wachovia (WB) and the bank said it would have a quarter loss of $2.6 to $2.8 billion. Reuters writes that the…
Wachovia (WB) named a former Treasury official as its CEO. Robert Steel most recently served as undersecretary for domestic finance for the U.S. Department of the Treasury according to Reuters. He has…
Douglas A. McIntyre Freddie Mac (FRE) sells down 25% to $9.88 on concerns raising capital will wipe out shareholders. The company’s 52-week high is $67.20. Wachovia (WB) Panic selling in financial shares knocks this down…
Douglas A. McIntyre These are not all of the upgrades we have seen so far this morning, but here are ten of the top positive analyst calls we have seen so far early this Tuesday…
Europe’s banks need to head back out on the fund-raising circuit. They may have to bring in as much as $141 billion, according to Goldman Sachs. Reuters writes that this capital will…
Lehman (LEH) falls on rumors of sale to Barclays (BCS). Down to $19.64 from 52-week high of $76.99. Ambac (ABK) drops on more concerns it will need additional capital. Sells off to…
According to Reuters, the Fed is seen as holding rates on fears of inflation. Reuters writes that the CEO of Nissan is bracing for the worst in the US. Reuters writes that…
Citigroup’s (C) CFO says he see write-downs through the end of the year. The head of hedge fund Paulson & Co,says bank losses will hit $1.3 trillion. Write-downs at Lehman (LEH) and…
Late news from the bank and airline industries found analysts in surly moods. Goldman Sachs issued a report saying US banks will have to raise as much as another $65 billion. According…
