For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.» Read More
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As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
Ted Parrish, co-portfolio manager of the Henssler Equity Fund, thinks it's time to buy some out-of-favor sectors like consumer cyclicals -- and even financials.
Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
To give investors an edge on their portfolios, CNBC asked the market experts for their best stock picks now.
Nearly 1.5 billion shares and $23 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished, the New York Times reported.
The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?"
The Mad Money host has his doubts given the continuing problems in the mortgage market.
Nearly 1.5 billion shares and $23 billion traded Thursday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
With the tear that Talbot’s stock price has been on, I think that it is safe to say that investors like what they heard from CEO Trudy Sullivan yesterday. Still that $50 million credit facility that it secured from Japanese retailer Aeon (also TLB’s largest shareholder) is a relatively small step in what will be a big turnaround project.
KeyCorp, which has been hitting new lows recently, cut its dividend in half and plans to raise $1.5 b in capital. The excuse here is an adverse court ruling on tax treatment, but no one is surprised, nor does anyone think they will be the last to cut dividends.
Stocks tumbled Wednesday as oil's resurgence lit the fuse of inflation fears, pushing the Dow to a three-month low. Oil jumped about $5 a barrel, settling at $136.38. Financials were the hardest hit.
Stocks fell sharply as oil's resurgence fanned inflation fears and a downgrade on Alcoa dragged on the Dow. Oil jumped about $6.
Stocks opened lower as oil's resurgence fanned inflation fears and a downgrade on Alcoa dragged on the Dow. Oil jumped nearly $3, topping $134 a barrel.
Wall Street looked set to open slightly higher on Wednesday, but the energy market could again hijack the stock market with U.S. inventory data arriving later in the morning.
Bank of America has chosen several senior Countrywide Financial executives to help run its mortgage business after the acquisition of Countrywide is completed, the Wall Street Journal reported on Tuesday.
Stocks were mixed as Wall Street sought to regain its footing following Friday's dramatic oil-inspired selloff.
Stocks opened higher as Wall Street sought to regain its footing following Friday's dramatic oil-inspired selloff.
For the first time in a long time, it looked as if oil was going to stay out of the market headlines. No such luck.