Companies making headlines after the bell Wednesday:» Read More
Regional banks hit new lows today, as traders gave up on any short-term recovery and the hope that the worst is behind us. Big names like KeyCorp, Zions Bancorp, National City, SunTrust, and M&T hit new lows today.
The Federal Reserve will cut interest rates again but probably not at the October policy-making meeting, said Bill Gross, manager of the world's biggest bond fund on Tuesday.
A recently announced fund aimed at easing the global-liquidity crunch may signal problems in corporate financing down the road, Ralph Silva, senior research analyst at TowerGroup, told "Squawk Box Europe."
A plan by major banks to lump some of their more toxic assets into a debt super fund is giving Wall Street a case of indigestion. Couple that with the sting of record oil prices, and a so-so day turned into a sea of chop.
Stocks closed lower after financial giant Citigroup halted its stock buyback plan and said it and two other big U.S. banks will create a multibillion-dollar fund in order to support the struggling commercial debt market.
Citigroup said third-quarter profit fell 57 percent, hurt by losses and writedowns for subprime and leveraged loans, fixed-income trading and weakness in its consumer business.
U.S. discount brokerage Charles Schwab Corp reported a higher quarterly profit Monday as client assets grew to a record high.
By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.
Sallie Mae's potential buyers gave the nation's largest student lender until Tuesday to consider their reduced buyout offer in light of what they said was "the new economic and legislative environment that faces the company."
Stocks closed mixed on Monday as strength in tech stocks was overshadowed by investor concerns ahead of earnings season.
JPMorgan Chase and Bank of America are expected to disclose losses of about $3 billion in mortgage securities and leveraged loans when they report earnings this month, the Financial Times reported, citing an analyst.
With its acquisition of NAVTEQ, Cramer thinks Nokia has the chance to overthrow the iPhone. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Citigroup has admitted to pulling up lame doing the leveraged buyout dance. Now it must prove the injury was more superficial than disabling.
Shares of Citigroup, the largest U.S. bank, fell 2.4% before the bell Monday, after it said it expects to report a decline of about 60% in third-quarter net income, which its chief executive called "a clear disappointment."
Shares of Sallie Mae recovered some ground on Thursday, as traders bet that the endangered $25 billion deal to take over the student lender could be renegotiated at a lower price.
The Street is edging toward the end of one of the most volatile quarters in recent memory ... and for all those a bit tired of the excitement, it looks like it might actually have a laid-back and happy ending.
Bank of America said it will lay off about 2,500 workers in Illinois and 1,500 in Michigan over the next two years in connection with its $21 billion purchase of LaSalle Bank from Dutch bank ABN AMRO.
The U.K.'s top banks are mulling borrowing funds from the Bank of England's 10 billion pounds ($20 billion) facility to remove the stigma attached to it and restore confidence in the banking system, the Financial Times reported Friday.
Every investor must keep his strategy in step with the Fed. Here's how to play the banks after Tuesday's unexpected decision.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Student lender Sallie Mae said it expects the consortium of banks and private equity firms that agreed to buy it for $25 billion to close the deal under the original terms.