-
Market News – JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), Ford (NYSE:F), Alcoa (NYSE:AA)
Monday, April 12, 2010 - 12:56pm | 963Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans. The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...
-
Market News – JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), Ford (NYSE:F), Alcoa (NYSE:AA)
Monday, April 12, 2010 - 12:56pm | 963Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans. The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...
-
Palm Considering Sale, Stock Gains 17% On News (PALM)
Monday, April 12, 2010 - 12:45pm | 284According to reports, Palm, Inc. (NASDAQ: PALM) has hired bankers in order to explore options, including a sale of the company. The shares have surged over 17% today to $6.04 on the news of a possible buyout. PALM is working with Goldman Sachs (NYSE: GS) and Frank Quattrone's Qatalyst Partners. The...
-
Banks Gear Up To Report First-Quarter Earnings (JPM, GS, CS)
Monday, April 12, 2010 - 8:44am | 283According to a report by the Financial Times, even though trading in equity markets and investment banking were very subdued, expectations are high among investors that U.S. financial companies will post strong first-quarter earnings. As there is a slump in major revenue sources, analysts believe...
-
Google (GOOG), Bank of America (BAC), General Electric (GE), JPMorgan (JPM) Are Set To Report Earnings This Week
Monday, April 12, 2010 - 2:19am | 188Alcoa (AA) kicks off earnings season Monday after the market close. Analysts are looking for an EPS of 11 cents per share. Tech giant Intel (INTC) reports earnings Tuesday with the market looking for 38 cents per share. Charles Schwab (SCHW), JPMorgan Chase (JPM), and YUM! Brands (YUM) all report...
-
Alcoa Inc. (AA) Rating Downgraded
Friday, April 9, 2010 - 3:11pm | 132Analysts at Morgan Stanley (NYSE: MS) remain skeptical about aluminum fundamentals. Aluminum, used in plane and automobile manufacturing, and for beverage cans and kitchen wraps, reached a peak in July 2008; however, prices slumped as the global economy slipped into recession. Alcoa Inc. (NYSE: AA...
-
Morgan Stanley Looking To Improve Its Performance (MS, GS)
Friday, April 9, 2010 - 3:06pm | 160Morgan Stanley (NYSE: MS) has restructured its operations in a big way. The financial firm has augmented its trading unit and has reorganized its top management. However, it is yet to be seen whether these changes are going to bear any fruit in the form of increased earnings. Morgan Stanley (MS) is...
-
Stock Market News – Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Chevron (NYSE:CVX)
Friday, April 9, 2010 - 12:49pm | 984It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS). According to the data released by the Federal Reserve Bank of New York,...
-
Stock Market News – Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Chevron (NYSE:CVX)
Friday, April 9, 2010 - 12:49pm | 984It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS). According to the data released by the Federal Reserve Bank of New York,...
-
US Banks Masked Risk Levels (GS, BAC)
Friday, April 9, 2010 - 11:13am | 110Major US banks resorted to masking of their debt levels in order to report lower levels of debt on their balance sheets. According to The Wall Street Journal, 18 banks including Goldman Sachs Group (NYSE: GS) and Bank of America (NYSE: BAC) understated their debt levels by as much as 42 percent....
-
Company News for April 9, 2010 - Corporate Summary
Friday, April 9, 2010 - 9:45am | 167• Walmart (NYSE:WMT) announced price cuts on about 10,000 items, mainly food and other staples, in an aggressive campaign to hold onto market gains as a discount leader • Constellation Brands (NYSE:STZ) reported estimate-beating results of 27 cents, three cents higher than expected, and up from 21...
-
Stock Market News for April 9, 2010 - Market News
Friday, April 9, 2010 - 9:30am | 501Retailers reported their strongest monthly sales growth in a decade Thursday boosting expectations of an economic recovery and helping stocks reverse an early slide. The Dow average, in the red shortly after the opening bell, staged a steady comeback as the session neared its close, helped largely...
-
US Stock Futures Point To Gains In Regular Trading
Friday, April 9, 2010 - 8:50am | 278US stock index futures inched higher today with equities tracking gains in the overseas market, where concerns over Greece eased. While futures on the Dow Jones Industrial Average moved up 17 points at 10901, those on the S&P 500 futures gained 2.6 points to 1186.3. Meanwhile, Nasdaq 100...
-
Financial Stocks Recover To End In Black On April 8
Friday, April 9, 2010 - 6:20am | 380After starting the day in the red on renewed concerns regarding the unresolved debt crisis in Greece, financial stocks recovered impressively to end in the black yesterday. The Financial Select Sector SPDR Fund (NYSE: XLF), which was down about 1% at the start of the day, closed up 0.8%. Citigroup...
-
It Only Takes A Handful Of Stocks To Keep These Markets Up
Thursday, April 8, 2010 - 1:40pm | 511The volume in the market since the March 2009 rally began has been extremely light. There have been days when the volume has picked up, however, the large majority of the time the volume has been unusually light. Many investors will make the case that there are a lot less players in the game since...