Capital One Financial reported a lower-than-expected profit as it set aside more money to cover soured loans.» Read More
Floor traders are in a great mood after the Giants win! President Bush acknowledging a weaker economy will lead to higher deficits. Looking for budget deficit to double to $410 billion. What's up with China? Shanghai Composite up 8% overnight. And: Airlines looking up.
There has never been a better time to own the financials, Cramer says.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.
Google's Q4 profit fell below expectations sending shares down 7% after hours. What's the word on the Street?
Following are the day’s biggest winners and losers. Find out why shares of Capital One (COF) and Potash (POT) popped while eBay (EBAY) and Wal-Mart (WMT) dropped.
Capital One Financial, the largest independent U.S. bank card issuer, said on Wednesday that fourth-quarter earnings fell 42 percent on rising credit card losses and charges related to a shut-down of its subprime mortgage unit.
Now that the Fed has acted, earnings news comes back to the fore as investors look ahead to Wednesday's Wall Street open.
Anecdotal evidence that the U.S. consumer's marathon spending spree may be slowing to a trot increases daily. By some measures, the U.S. consumer makes up about 19 percent of the world economy and 70 percent of the U.S. economy, so the health of American consumption is key.
Quarterly reports next week from Citi, JP Morgan, Washington Mutual, Wells Fargo, Comerica, Merrill Lynch, PNC. There are plenty looking to go long after the reports are out, based on valuation. For example, Citi and Wells Fargo are trading in the bottom 10 percent of their historical valuation.
Reports of more writedowns at Merrill Lynch and credit wrinkles at American Express are outweighing the relief that Bank of America is swooping in to buy troubled Countrywide.
Stocks rallied to close higher after a report that Bank of America is in advanced talks to buy troubled mortgage lender Countrywide Financial.
Capital One Financial said on Thursday it expects to report fourth-quarter earnings of around 60 cents per share, and warned that its full-year results would fall below its previous outlook.
Consumer spending didn't slow down that much but apparently consumer bill paying has. Look at Capital One. The company is taking a $1.9 billion provision for loan losses in the fourth quarter and cut its full year profit forecast by more than 20 percent, blaming rising consumer loan losses and higher legal reserves.
Disappointing. Challenging. Uncertain. Short of expectations. Those are the words most heard from companies in this morning's December same store sales report. Large companies like Macy's, Gap, Abercrombie, and Ann Taylor reported sales below expectations.
The legendary investor just finished his second bad year in a row. So LM's a sell. But there's more to it than that, Cramer explains.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.
Goldman Sachs (GS) revealed that they’re expecting one of the most volatile Januarys on record. Why?
Jon Najarian, co-founder of Optionmonster.com, Bill Nichols, senior managing director at Bear Stearns, and Steve Grasso, broker at Stuart Financial, named the stocks that confident investors should buy.
If American International Group and Capital One won't show their cards, then investors need to cash in their chips.
Stocks closed little-changed despite of a sharp drop in oil prices that boosted shares of big manufacturers such as Boeing.
The slightly better-than-expected increase in November non-farm jobs gave some support to stock prices, but has done little to change the debate about what the Fed will do when it meets on Tuesday. The Street has been in hot debate about whether the Fed will trim the target 4.50 percent Fed funds rate target by a quarter or a half point.
Help may be on the way for the financial sector, but in the meantime individual institutions are continuing to get hit with damage from the growing subprime mortgage crisis.