Wall St. cheered what seemed to be withering results from Washington Mutual (WM) and Wachovia (WB). WaMu lost $3.3 billion and reserved $3.7 billion to handle loan losses. Wachovia lost $9 billion…
According to Reutere, Yahoo! (YHOO) profits were down, but the company maintained its full-year forecast. Reuters reports that Wachovia (WB) posted huge write-offs and losses for the last quarter. Reuters writes that…
At the start of the year, many Wall St. analysts and much of the media give the impression that the current financial crisis would pull down all large US banks and brokerages.…
A venti cappuccino costs $4.85 at a New York City Starbucks (SBUX). There may be some tax on that. Starbucks trades at $13.57, so it still has a value well above the…
Washington Mutual (WM) Concerns mortgage firm will make it after government takes over IndyMac. Falls to $3.03 from 52-week high of $42.93. First Horizon (FHN) Same fears as with WM. Drops to…
Washington Mutual Inc. (NYSE: WM) is looking exactly like "The Good, The Bad, and The Ugly." The difference is that this one is real instead of a movie. Shares are down yet…
Douglas A. McIntyre 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…
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…
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…
Smithfield Foods (SFD) S&P downgrades due to credit problems. Falls to $19.75 from 52-week high of $24.69. American Eagle Outfitters (AEO) President of the company is leaving, and retail is poor. Falls…
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…
According to Reuters, the fuel price increase in China may bolster consumption. Reuters writes that the Fed’s policy on inflation is starting to hurt the housing market. Reuters writes that the Bank…
According to Reuters, Lehman (LEH) may have to merge due to its financial problems. Reuters writes that Apple (AAPL) introduced its new 3G iPhone. Reuters reports that the head of S&P says…
Washington Mutual (WM) Concerns about the financial crisis burn like wildfire. Drops sharply to $6.14 from 52-week high of $44.19. AMBAC (ABK) Sells off to $2.02 after downgrades. The 52-week high was…
Washington Mutual (WM) More banking concerns. Hammered to $7.12 from 52-week high of $44.19. Bank of America (BAC) Death to all bank stocks. Sees $30.56 from 52-week high of $52.96. National City…
