It may be a lackluster trading day, but once again banks are rallying to new highs.» Read More
SunTrust, KeyCorp, Fifth Third, Comerica report substantial losses on writedowns or setting aside cash to cover loan losses.
A wash of earnings news and weekly jobless claims will help decide the market's course Thursday, but there's a good chance there will be follow through to Wednesday's rally.
Two specific sectors are showing weakness today (financials and materials) but for the same reason: earnings concerns.
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
As of yesterday afternoon, roughly 90% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
The Treasury Department's $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.
As of this morning, 227 (just over 45%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Like we told you days ago consolidation in the financial services sector appears to be taking hold.
Will access to the Treasury's rescue fund spark mergers among regional banks?
We appear to have had a rare 90 percent upside day, where 90 percent of the volume was to the upside, and 90 percent of stocks to the upside.
The Lightning Round is extended in this CNBC.com exclusive feature.
Sure, it's not boom time, but the fact that media companies are able to attract financing is impressive, and a testament to the fact that movie going is generally counter-cyclical.
When stadium naming rights started taking hold in the sports stadium building boom of the 90s, the airlines swooped in. Delta bought the rights to the arena in Utah in 1991, America West took Phoenix in 1992, United bought the Chicago Bulls and Chicago Blackhawks venue in 1994.
Earlier this week, we wrote about the highest yielding stocks on the Dow. The S&P 500 also has some nice yielding stocks. If you are worried about the financials being able to continue to pay thier big dividends (with Freddie Mac's big slide, its yield is now over 20%!), there are nearly 40 stocks on the S&P that are currently yielding 5% or more. Here's a breakdown.
The market's 180 leave you perplexed? Cramer breaks it down for you.
Some traders are also turning bullish. John Mendelson of the Stanford Group issued a buy signal late in the day; traders tell me it was his 3rd buy signal in 5 years, and the prior two calls were very good.
These names are going down, so steer clear.
Goldman Sachs sent a note out late last night with this title: Key is Likely Not Alone, More Capital Raises and Dividend Cuts to Come. They specifically mentioned Regions Financial, Fifth Third, Comerica, Bank of America and SunTrust
KeyCorp dropped 12% Wednesday after underestimating its exposure to bad loans. Has the subprime slime spread all the way to the neighborhood bank?
Stocks closed at their highs for the day after bouncing up and down throughout the session.