Broker-dealer Keefe, Bruyette & Woods upgraded Bank of American to "outperform" Thursday and also boosted its price target on the stock to $16.50 from $12, Reuters reported.
Stocks declined, but ended well off their intraday lows on Wednesday after the 10-year Treasury auction, which had a much higher yield than expected. Stocks had opened higher after Home Depot raised its outlook, but those gains quickly faded as the jump in oil prices and sharp rise of lending rates spurred worries about key components of the economic recovery. Read and listen to what experts had to say…
Worries that rising interest rates could put a damper on consumer and business spending dragged down both the Dow and S&P on Wednesday.
Stocks declined, but ended well off their intraday lows, Wednesday after the 10-year Treasury auction, which had a much higher yield than expected.
The Obama administration just named Kenneth Feinberg as government pay czar. Will the move boost investor confidence in the financials sending them higher?
Stocks skidded Wednesday as techs dragged and the jump in oil prices spurred worries about the recovery in consumer spending. Stocks had opened higher, buoyed by Home Depot's raised outlook, but those gains quickly faded.
Stocks opened higher on Wednesday as oil prices jumped above $71 and Home Depot raised its outlook. Banks opened mixed as the market digested news that some of the largest institutions would be repaying government bailout money. Some investors worried that the 10 banks returning TARP money could be doing so too soon and might need further injections later. Read and listen to what experts had to say…
An Obama administration official says the administration will appoint a "special master" to oversee executives' compensation at companies receiving large amounts of government aid, with the power to reject pay plans deemed excessive. 1st paragraph of story should go here
Stocks opened higher Wednesday as oil prices jumped above $71 and Home Depot raised its outlook.
This morning's Wall Street theme might be "running in place". But Tuesday could see more action, with plenty of potential market moving events on the docket. Right now, U.S. stock index futures are pointing to a higher opening, and overseas markets have generally been higher as well.
The Republican Party blueprint for reform would strip the Federal Reserve of significant powers, create a single banking regulator, establish a special bankruptcy code to handle the collapse of too-big-to-fail non-banking firms and promises "no more bailouts."
Investors should look toward Wednesday's crude inventories to see if the oil rally will continue.
The recent market rally and signs of green shoots in the economy has increased investors’ appetite for riskier asset classes.
It seems the major catalyst of the summer is oil with energy stocks holding up an otherwise sluggish stock market. How should you be positioned?
Stocks ended mixed in choppy trading Tuesday after 10 banks were approved to repay TARP loans. But tech stocks gained after Texas Instruments raised its earnings and revenue targets for the second quarter.
Stocks ended mixed on Tuesday after 10 banks were approved to repay TARP loans. The companies are expected to give back some $68 billion, about twice what the government expected. Read and listen to what the experts had to say...
"In 90 days you've gone from an attitude on Wall Street that the financial system is on the precipice to a feeling that happy days are here again," one pro says.
Stocks turned mixed Tuesday after the banks approved to repay TARP loans were named. But tech stocks held onto their gains after Texas Instruments raised its earnings and revenue targets for the second quarter.
Nobody should buy a stock and nobody should buy a bond, said John Bogle, founder and former CEO of The Vanguard Group.
Bank stocks might be volatile, but investors should be exposed to them right now, said David George, senior research analyst at Robert W. Baird.