Visa and MasterCard are in talks with Fidelity to replace AmEx, Bloomberg cited the sources as saying.» Read More
US large-cap regional banks' stocks now appear to be in "capitulation mode" and will likely trade below fair value in the near term, an analyst at Merrill Lynch said.
These names are going down, so steer clear.
Bank of America expects to complete its acquisition of mortgage lender Countrywide Financial by July 1, a source familiar with the matter told Reuters on Thursday.
Citigroup could take substantial write-downs for subprime mortgages, leveraged buyout loans and other assets in the second quarter, the company's chief financial officer said on a call with investors.
Rep. Barney Frank has come to Sen. Chris Dodd's defense! My colleague Diana Olick has been blogging about the breaks Countrywide gave the Connecticut Democrat under the direction of Angelo Mozilo.
Nearly 1.5 billion shares and $23 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Nearly 1.8 billion shares and $27 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Stocks fell sharply Tuesday as a warning from Goldman Sachs that banks may need to raise another $65 billion rippled through the market, offsetting any positive impact from Goldman's earnings.
U.S. banks may need to raise $65 billion of additional capital to cope with mounting losses from a global credit crisis that will not peak until 2009, Goldman Sachs & Co analysts said on Tuesday.
1st paragraph of story should go here
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.