Stocks Bank of America Corp

  • citi_ext2_OQ.jpg

    Troubles at some of biggest US banks is merely setting the tone for what is likely to be another disastrous year for the industry.

  • Why is the Street so bummed out about a report that Bank of America will be seeking more TARP money to cover losses in Merrill Lynch?

  • SOC_madoff_badge.jpg

    I was talking with one of the traders at the NYSE Commissary this morning, and we agreed that last year's fourth quarter was like dying by being thrown out of a plane: it was terrifying and exhilarating at the same time. This year is like dying of consumption.

  • Stock futures pared their losses after a round of economic data came in more or less as expected. Bank of America skidded amid news that the bank is going back to the government  for help, while JPMorgan ticked higher after beating earnings estimates.

  • Yesterday's 250 point sell-off in the Dow was the sixth day in a row of losses, the longest losing streak since October 10, 2008 when the Dow lost 22% over an eight day stretch.  Since the start of the year, the Dow is down 6.6%, its worst Jan 1 - Jan 14 stretch ever.

  • Thursday's markets will face JP Morgan earnings, producer inflation data, weekly jobless claims, and the current quarter's first economic headlines in the Philly Fed's report and the Empire state manufacturing survey. Europe's central bank decides on interest rates before the New York open, and Congress will vote on releasing TARP funds to aid the ailing banking sector.

  • graphic_fast_money.jpg

    Here we go again. Bank of America is going back to the Treasury to ask for more money...

  • Stocks fell sharply as the decline in retail sales was double of what was expected and earnings worries escalated. The Dow and S&P logged their worst starts to the year ever.

  • Stocks fell sharply as the decline in retail sales was double of what was expected and earnings worries escalated.

  • Over the past few days, the markets have been weighed down by weak economic data, downbeat corporate earnings forecasts, and concerns that many financial firms may post large quarterly losses in the upcoming weeks. Now at its lowest level since December 1, the Dow is down for its sixth straight session – its longest losing streak since the beginning of October.

  • Stocks fell sharply as the decline in retail sales was double of what was expected and earnings worries escalated.

  • We have not seen a day with poor internals like this in several weeks. 10-1 declining to advancing stocks, and much more volume is going to stocks on the downside than on the upside.

  • citigroup_building1.jpg

    Citigroup, is expected to continue selling assets in the coming weeks in what some predict will be a dismantling of the banking giant.

  • An investment strategy in a single word? Edward Lewis of Atlantic Equities thinks the word is "diversity." "I wouldn't be putting (my money) in one sector," Lewis told CNBC. "My concern is that visibility is very tough."

  • The latest retail sales numbers showed a sixth consecutive month of contraction.  Sales fell 2.7% in December and November sales were revised downward to a drop of 2.1%.  Here is a breakdown of where sales were falling as well as which categories actually saw increases.

  • Futures were lower after the drop in retail sales came in about double what was expected and as earnings worries escalated.

  • graphic_word_ofthe_street.jpg

    The Dow fell for the fifth straight day on Tuesday as investors fretted over what many expect will be a gloomy earnings season.

  • Citigroup

    Citigroup has agreed to merge its Smith Barney brokerage unit into Morgan Stanley's brokerage, moving away from the financial supermarket model that Citigroup has followed for the past decade.

  • Stocks ended mixed Tuesday as tech and oil stocks were buoyed by bargain hunting, but the undercurrent of earnings worry took down the Dow.

  • Citibank

    Citigroup CEO Vikram Pandit plans to announce in the coming days a major shift away from the "financial supermarket" model that has guided the bank for the last decade.