J.P. Morgan Chase & Co. (NYSE: JPM) was truly a shoe-in as far as whether or not the bank was going to pass the latest stress tests or not. CEO Jamie Dimon…
Wells Fargo & Co. (NYSE: WFC) has announced that the Federal Reserve did not object to its capital return plan for its shareholders. The first quarter dividend is effectively more than doubling…
J.P. Morgan Chase & Co. (NYSE: JPM) has raised its dividend as we expected. Good news on the surface, but a true disappointment in reality. The bank has declared a quarterly dividend…
The next wave of stress tests on the U.S banks is due to come out by the end of this week. The Federal Reserve is expected to show that bank balance sheets…
Short sellers reduced their positions in major financial firms and their positions in major tech stocks were divided, based on data from the NYSE and Nasdaq for the period that ended February…
The next wave of stress tests on the U.S banks is due in the coming week. While many of the banks have reportedly been asking regulators to be less transparent, there are some…
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. The press…
Apple (NASDAQ: AAPL) to launch a new iPad next week. (Reuters) Blackstone (NYSE: BX) says CEO Stephen Schwarzman made $213 million last year. (Reuters) The Justice Department is looking at whether banks…
Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK.A) have invested in banks on and off, and the public filings show that Berkshire is a larger and larger stake holder in Wells Fargo…
The nation’s biggest banks are losing customers to smaller local competitors according to a recent survey by J.D. Power and Associates. Between 10% and 11.3% of 5,000 surveyed customers at large, regional,…
The annual letter for Berkshire Hathaway Inc. (NYSE: BRK-A) is out and the discussion immediately jumps in about who will succeed Warren Buffett, book value, buybacks, and the portfolio. Berkshire Hathaway’s book…
Flickr, Images of MoneyA recent report on foreclosure abuses in San Francisco has dimmed the excitement of a settlement of foreclosure abuses among banks, the federal government and state attorneys general. The amount of that…
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released the latest holdings of U.S.-listed equities as of December 31, 2011. We have included some accompanying notes on each and…
The federal government and the governments of 49 of the 50 states (Oklahoma is the exception) have agreed to a $26 billion settlement package with 5 big banks over the banks’ mortgage…
As one set of government suits against America’s largest banks is settled, another is about to begin. Media reports say that federal regulators and state attorneys general have set a $25 billion…
