Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year and features names that are most often in hedge funds' top 10 holdings.» Read More
BOSTON, May 15- Billionaire investor John Paulson bet more heavily on mortgage insurers during the first quarter, which suggests that his hedge fund expects the housing recovery to grow stronger in the months ahead.
Bank of America Corp. rose$. 10 or. 7 percent, to $13.44. Citigroup Inc. rose $1.25 or 2.5 percent, to $51.34. Goldman Sachs rose $1.09 or. 7 percent, to $155.61.
Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.
Check out which companies are making headlines after the bell Wednesday:
Citigroup upgraded Gap to buy yesterday. Oliver Chen, analyst at Citigroup, weighs in.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 2.8 percent to $4.38 with 23,716,300 shares traded. Bank of America Corp. rose 1.3 percent to $13.51 with 77,790,900 shares traded.
Bank of America Corp. rose$. 17 or 1.3 percent, to $13.51. Citigroup Inc. rose $1.23 or 2.5 percent, to $51.32. Goldman Sachs rose $1.05 or. 7 percent, to $155.57.
*China expected to spend less on steel. LONDON, May 15- Banks are withdrawing from Europe's troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative funding sources.
Bank of America Corp. rose$. 06 or. 4 percent, to $13.40. Citigroup Inc. rose$. 50 or 1.0 percent, to $50.59. JPMorgan Chase rose$. 36 or. 7 percent, to $50.59.
By Lawrence White and Steve Slater. HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.
KUWAIT, May 15- A ruling by Kuwait's top court next month could end a period of relative political stability, jeopardising government plans to push ahead with long-delayed economic projects.
The banks covered in the report are Goldman Sachs, JPMorgan, Bank of America, Citigroup, Barclays, Credit Suisse, Deutsche Bank, Morgan Stanley, RBS and UBS.
Prepaid debit cards were the tool of choice in a recent $45 million heist, but they are useful for some consumers. Here's how to protect yours.
HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as Europe's largest bank seeks to drive earnings and dividend growth in the face of muted revenue.
LONDON, May 15- Copper slid to its lowest in nearly two weeks on Wednesday after disappointing European economic data fuelled worries about global growth and metals demand, emboldening funds to add to short positions.
HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.
NEW YORK-- Citigroup Inc. said Tuesday that its Brazil unit has agreed to sell Credicard, its non-banking credit card and consumer finance business, to lender Banco Itau Unibanco.
Bank of America Corp. rose$. 36 or 2.8 percent, to $13.34. Citigroup Inc. rose $1.17 or 2.4 percent, to $50.09. JPMorgan Chase rose$. 56 or 1.1 percent, to $50.23.
*Bank of America helps lead Dow higher. NEW YORK, May 14- U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further. Bank of America, up 2.8 percent at $13.34, was the Dow's biggest percentage gainer, while Citigroup Inc rose 2.4 percent to $50.09.
In a May 14 letter to the heads of the Federal Reserve, the Securities and Exchange Commission and the Justice Department, Massachusetts Democratic Senator Elizabeth Warren asks the agencies to provide her with details of how they weigh the costs and benefits of settling versus trying cases.