Investment Banking & Brokerage

The Institutional Risk Analyst, a financial sector research firm run by veteran analyst Christopher Whalen, has taken a deep dive into the tort world and came up with a list of the most sued companies in America. Banks with sizable mortgage exposure, such as Wells Fargo (NYSE: WFC), Ally Financial/...

Charles Schwab Corporation's (SCHW) fourth quarter earnings came in at 18 cents per share, substantially ahead of the Zacks Consensus Estimate of 10 cents. This also compares favorably with the year-ago quarter's earnings of 14 cents. For the fiscal year 2010, the company reported earnings of...

A key to the success of Goldman Sachs (NYSE: GS) has been its ability to anticipate major trends. For example, it did this during the 1980s by providing protection against hostile takeovers. Of course, then there was the move to proprietary trading. However, in light of the Obama regulations,...

Earnings Preview 1/18/11 This week, the fourth quarter earnings season really starts to get rolling. A total of 128 firms are due to report, including 50 S&P 500 firms. We define any fiscal period ending in November, December and January to be the fourth quarters. By the end of the week we...

Would Apple (AAPL) survive without Steve Jobs? It's a grim question, but it's one that investors are asking themselves after it was recently announced that Jobs would be taking another medical leave of absence. Investors shouldn't panic - for now at least. Although Jobs won't be running the day-...

Citigroup Inc.'s (C) fourth quarter 2010 earnings came in at 4 cents per share, lagging the Zacks Consensus Estimate of 8 cents. Full year 2010 earnings of 35 cents per share also fell short of the Zacks Consensus Estimate of 39 cents. The lower-than-expected results were primarily due to a...

Shares of Delta Airlines (NYSE: DAL) dropped about 5.5% after the company reported its Q4 earnings at $0.02 per share, compared with a loss of $0.03 per share, in the year-ago period. Excluding one-time charges, Delta reported its earnings at $0.19 per share. However, analysts were expecting...

Over the weekend, I noted a strong correlation off the Jan 7 NFP high and low to the Dec 3 NFP high and low. That low to high and high to high correlation targeted 1293. The SP500 reached that overnight ahead of the anti-climactic earnings announcements from Apple (NASDAQ: AAPL) after the mkt close...

Citigroup Inc.'s (C) fourth quarter 2010 earnings came in at 4 cents per share, lagging the Zacks Consensus Estimate of 8 cents. Full year 2010 earnings of 35 cents per share also fell short of the Zacks Consensus Estimate of 39 cents. The lower-than-expected results were primarily due to a...

• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...

Markets posted an optimistic picture at the week end, marking seven straight consecutive weeks of gains for the S&P with banks leading the rally. The Dow recorded new highs though it is to be seen whether it can carry the same momentum forward on Tuesday. Apart from the Dow, certain benchmarks...

Here are the five ETFs to watch this week. SPDR KBW Bank ETF (NYSE: KBE) The financial industry will be front and center during this shortened trading week as a combination of Wall Street giants and smaller regional players release their quarterly earnings reports. Notable names on tap include Bank...

Markets posted an optimistic picture at the week end, marking seven straight consecutive weeks of gains for the S&P with banks leading the rally. The Dow recorded new highs though it is to be seen whether it can carry the same momentum forward on Tuesday. Apart from the Dow, certain benchmarks...

• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...