Consumer Finance

Analyst Richard Shane, Jr. at Jefferies & Company Inc. has released an update on Advance America (NYSE: AEA). The company reported its first-quarter results on Thursday. Advance America reported first-quarter EPS of $0.22, which was above Jefferies’ estimate of $0.20 but below consensus...

Stocks rose for a second straight day, led by financial shares, as investors shrugged off European debt concerns and parsed some strong earnings numbers for signs of an improving economy.  A Labor Department report suggesting layoffs are beginning to slow also added to investors’ confidence and...

Thursday proved to be the best day for the Dow Jones Industrial Average in nearly two months, as companies posted robust Q1 earnings and certainty over bank reform and Greece's rescue package grew. The index climbed 1.10% or 122.05 points to end at 11,167.32. Meanwhile, the Nasdaq Composite gained...

The mutual fund is now on schedule for a [late] summer 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story...

US financial stocks were nudged higher on Friday with the help of bank shares, exchange operators and impressive credit card earnings. Both the Financial Select Sector SPDR Fund and the SPDR KBW Bank Fund swung back and forth between negative and positive territory on Friday. While the Financial...

Financial stocks opened higher after strong quarterly numbers from American Express Co. (NYSE: AXP). The Financial Select Sector SPDR ETF (NYSE: XLF) is close to a 3% gain for the week. According to MarketWatch, Capital One Financial Corp. (NYSE: COF) and American Express (AXP) stock were up after...

 • Microsoft (NASDAQ:MSFT) reported after the close with results of 45 cents up from estimates of 42 cents versus 33 cents a year ago, with revenues up 6.2%, to $14.5 billion, versus Street estimates of $14.47 billion • Amazon (NASDAQ:AMZN) posted earnings of 66 cents versus last year's 41 cents...

President Obama’s conciliatory tone on financial reform sent traders back on the buying table around midday after Moody’s downgrade of Greece’s credit rating and uncertainty about the country’s financial system resulted in a sharp sell off in the morning session. The Dow Jones industrial average,...

Analysts Jason Arnold and Andy Ellner at RBC Capital Markets have raised the price target for Capital One Financial Corp. (NYSE: COF) from $34 to $37. Analysts have also raised their 2010 and 2011 EPS estimates for the company. 2010 EPS estimate has been raised from $1.56 to $4.23, while 2011 EPS...

Among the notable after hours gainers are Rambus Inc. (NASDAQ: RMBS), Capital One Financial (NYSE: COF), and Continental Airlines (NYSE: CAL). Rambus (RMBS) reported their quarterly earnings after the closing bell this evening. The company posted earnings per share of $1.28, compared to a net loss...

American Express Company (NYSE: AXP) reported today that its first-quarter profit surged by 135%. The company reported first-quarter profit $885 million, compared with a profit of $437 million reported in the same period last year. Diluted EPS came in at $0.73, up from $0.31 reported for the same...

Capital One Financial Corp. (NYSE: COF) has reported its first-quarter results. The company reported a profit of $636.3 million, or $1.40 per share in its first-quarter, compared with a loss of $172.3 million, or $0.44 per share it reported for the same period last year. First-quarter revenue...

Capital One Financial Corp. (NYSE: COF) released their first quarter earnings numbers after the closing bell today. The company posted net income available to common shareholders or $636.3 million, or $1.40 per share. This compares to a loss of $172.3 million, or $0.44 in the first quarter of 2009...