Other Diversified Financial Services

JP Morgan's (JPM)  CEO, Jamie Dimon was interviewed on CNBC this afternoon and made some very interesting comments.  Below is a recap of some of those comments: “We're not planning to charge for deposits”  This comes after rumors and speculation that several banks were planning to charge around 13...

The markets are down sharply on the day. Europe continues to be experiencing a bank collapse. This mirrors the issues experienced in the United States in 2008. Yesterday, the Dow Jones Industrial Average surged 700 points off the lows of the day in the last two hours of trading. However, today the...

Shares of Bank of America (NYSE: BAC) have been rising moderately during Brian Moynihan's Q&A session with investors hosted by Fairholme Capital. The stock had been trading down by as much as 10%, but has now just shed 5.59% to $7.18. It should be noted, however, that the broader market has...

Currently third in the National League East, the New York Mets (58-57, 7.5 games out of wild-card lead) have something to look forward to besides next year. David Einhorn, President of Greenlight Capital (NASDAQ: GLRE), recently restructured an agreement with the New York Mets to help relieve...

Shares of ING Groep (NYSE: ING) are lower on the session by 8.76%, currently trading at $8.23. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the 2011...

Bank of America (NYSE: BAC) CEO Brian Moynihan will begin his 90 minute Q&A session with anxious investors at 1 PM EST today. Just minutes from now. The public can listen in here. Although this conference call was scheduled by major shareholder Fairholme Capital weeks ago, it has taken on new...

Gold has dominated the news in recent weeks. The precious metal has rallied over $250 since the end of June, rocketing from roughly $1500 to almost $1800. Yet, at the same time, the other precious metal—silver—has failed to keep pace. Silver went on an impressive run in April, setting a new...

Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 172,027 contracts, 48.8% calls, 51.2% puts 2. Apple Inc. (NASDAQ: AAPL) 94,267 contracts, 58.3% calls, 41.7% puts 3. Citigroup Inc. (NYSE: C) 72,397 contracts, 42.1% calls, 57.9% puts 4. JP Morgan Chase (NYSE: JPM) 62,...

The markets are having another dramatic down day after a huge reversal rally yesterday. Europe is experiencing the same bank collapse the United States did in 2008. The SPDR Dow Jones Industrial Average ETF (NYSE: DIA) is trading at $108.24, -4.13 (-3.68%), the SPDR S&P 500 ETF (NYSE: SPY) is...

Capital One Financial (NYSE: COF), one of the largest U.S. credit issuers, will pay $2.6 billion to acquire HSBC's (NYSE: HBC) U.S. credit card business. The move comes as part of plans by HSBC, Europe's largest bank, to raise cash. The company recently announced it will trim its workforce by 30,...

The bi-winning Fed opened its mouth and now committed to two years of record low interests rates, and continued to say that they would act, i.e. QE3 or other tools, if necessary. The stock market reacted positively and reversed a 180 points loss in the Dow to a 430 points gain in ~90 minutes...

Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) dropped 28.87% on Tuesday, and it closed at $14.81. In the real estate space, Simon Property Group, Inc (NYSE: SPG) gained 11.37% in the regular trading session, but it lost 2.35% in the after hours. Direxion Daily Financial Bear 3X Shares(ETF...

Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) jumped 28.91% on Tuesday, and closed at $47.17. In the real estate space, First Industrial Realty Trust, Inc. (NYSE: FR) gained 19.72%, and Simon Property Group, Inc (NYSE: SPG) added 11.37%. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE:...

The SP500 opened below and then closed solidly above strong support at the August 2010 swing high of 1129.24 with a low today of 1101.54 just 10.04 points above the 2010 S1 pivot of 1091.50.  The conclusion is that wave 3 of (C) is done and wave 4... Go to http://SwingTradingDaily.com for full...

This afternoon, Bank of America (NYSE: BAC) CEO Brian Moynihan told CNBC that when it comes to the challenge of raising capital, "What we've been doing is generating earnings, continuing to reposition the balance sheet by selling off non-core businesses." When asked about its venture in China,...