Stocks Bank of America Corp

More

  • Options Action: Betting Against Financials Wednesday, 19 Nov 2008 | 3:58 PM ET

    Merrill Lynch is seeing heavy put activity among options traders Wednesday, as its stock plunges to lows not seen in more than a decade. The November options volume is already four times the recent averages and December is more than six times normal levels.

  • Just How Bad -Are- Financials Now? Wednesday, 19 Nov 2008 | 3:21 PM ET

    Financials account for some 12 percent of the S&P 500 — but 30 percent of the decline Wednesday. So who's the worst of the worst?

  • Cramer makes the call on viewers' favorite stocks.

  • Wall Street Firms Pressured to Forego 2008 Bonuses Tuesday, 18 Nov 2008 | 3:25 PM ET

    The New York Attorney General's office is negotiating with top Wall Street firms that received federal bailout money to forego executive bonuses this year, sources close to the attorney general told CNBC.

  • Goldman's Wake: Other Banks Mull Bonus Plans Monday, 17 Nov 2008 | 5:36 PM ET

    Goldman Sachs' no-bonus  move immediately is prompting questions in the investor community about whether or not other banks will follow suit.

  • Where the Layoffs Are—Is Your Firm on the List? Monday, 17 Nov 2008 | 10:52 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • No Bonus This Year for Top Goldman Sachs Execs Monday, 17 Nov 2008 | 7:09 AM ET
    Lloyd Blankfein

    Goldman Sachs Group CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.

  • 080514_whats_buffett_buying.jpg

    Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.

  • Where the Layoffs Are—Is Your Firm on the List? Friday, 14 Nov 2008 | 4:10 PM ET

    Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.

  • That $300 Billion Hope For Homeowners Isn’t Working Thursday, 13 Nov 2008 | 2:51 PM ET
    Homes

    I’ve just seen the latest numbers on the recently launched government Hope for Homeowners program, and I’d call them laughable if the whole thing weren’t so blatantly sad. Hope for Homeowners was launched Oct. 1 as part of the Housing and Economic Recovery Act signed into law on July 30,2008.

  • New Lows? We've Found Them Wednesday, 12 Nov 2008 | 4:07 PM ET

    The NASDAQ broke the old closing low of 1505.90. We did not break the old closing low of 848.92 on the S&P set on October 27th, but we are very close. Let's not quibble.

  • Stop Trading!: Watching Wells Fargo Wednesday, 12 Nov 2008 | 3:27 PM ET

    This stock's performance is a key barometer for the market, Cramer says.

  • The Fortress Four Strike Again Wednesday, 12 Nov 2008 | 2:29 PM ET

    US Bancorp is the latest Cramer-recommended bank to enter the M&A market.

  • Fannie Mae Gives A Boost (Somewhat) To Stocks Tuesday, 11 Nov 2008 | 3:38 PM ET

    Stocks rallied (though they are now off their highs), largely on the Fannie Mae announcement on mortgage forbearance. Though it was leaked a few hours ago, it was only known that an announcement would be made today shortly before the 2 PM conference.

  • foreclosed_citibank.jpg

    I’m all about the help, but I have some issues (I always have some issues). Citi is targeting borrowers who are not yet delinquent but who could become delinquent due to any number of issues, like loan resets, loss of jobs or home price depreciation.

  • Citigroup Steps Up Efforts to Refinance Mortgages Tuesday, 11 Nov 2008 | 1:34 PM ET
    Foreclosed California home

    Citigroup became the latest major lender to try to help borrowers stay in their homes, launching a program that may result in $20 billion of refinancings.

  • Merrill CEO: Economic Environment Recalls 1929 Tuesday, 11 Nov 2008 | 12:42 PM ET
    thain_john_logo.jpg

    Merrill Lynch Chief Executive John Thain said he did not expect the global economy to recover quickly from the credit crisis and that the environment more closely resembled 1929, the advent of the Great Depression, than recent slowdowns.

  • US Expands Program to Modify Troubled Mortgages Tuesday, 11 Nov 2008 | 12:27 PM ET
    fannie_freddie_logos2.jpg

    The US government and mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

  • Fed Approves AmEx as Bank Holding Company Tuesday, 11 Nov 2008 | 9:33 AM ET
    american_express_card1.jpg

    American Express said it won approval to become a bank holding company, in a step that could cut its borrowing costs and give it more access to government money.

  • Chartology: The Debate Raging On Wall Street Monday, 10 Nov 2008 | 6:32 PM ET

    In this bear market, it's the question on every investor's mind! And, perhaps, the hardest one to answer.