It may be a lackluster trading day, but once again banks are rallying to new highs.» Read More
While the whole market came off its earlier highs (Dow was up almost 150 points right after the open), financials led the decline shortly after 2pm ET, when many big names went into the red, and not just JPMorgan or Citi, both down all day. I said it this morning, I'll say it again: bank earnings estimates for 2012 look too high to me.
Private antitrust litigation pitting some five million retailers against several large banks has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multibillion-dollar shock to bank bulls in the coming months, TheStreet.com reports.
Cramer makes the call on viewers' favorite stocks.
Instead of being hurt by the European debt crisis, US banks could actually end up benefitting from the turmoil across the Atlantic, analyst Dick Bove said.
Concern about an effective European bailout has decimated U.S. investor sentiment, causing them to ignore an earnings season that shows stocks offer a great value right now, say analysts.
Following news that Warren Buffett's Berkshire Hathaway will invest $5 billion in Bank of America, will investors take this as a sign of confidence in the financial sector?
Investors know very well the importance of spreads to foreign currency trading, a staggeringly large industry with an average daily turnover of roughly $3.98 trillion, but when it comes to foreign business travel or relationships with overseas vendors, many business owners fail to take advantage of disparities as high as 15% between the exchange rates offered by different payment methods and different companies.
Both the Dow and S&P advanced on Thursday, with financials leading the market after Morgan Stanley released surprisingly good numbers.
Stocks finished mixed in choppy, low-volume trading Tuesday, with the Dow and S&P breaking a five-day winning streak, as investors largely shrugged off Moody's downgrade of Portugal's rating into junk territory and ahead of some key employment news expected later this week.
Stocks paring earlier losses in choppy, low-volume trading Tuesday, as investors largely shrugged off Moody's downgrade of Portugal's rating into junk territory.
Stocks struggled for direction in choppy, low-volume trading Tuesday, after logging their biggest gain last week in almost two years.
Futures wavered ahead of the open Tuesday as traders took a cautious stance after the long weekend, waiting to see if economic growth will return to the U.S. and whether concerns over Greek debt can be eased.
CNBC's Melissa Francis looks at the week's top business news and investment advice, including shipping stocks, volatility plays and emerging markets.
Robert Auer of Auer Growth Fund, and Ron Weiner of RDM Financial Group, told CNBC in a joint interview Thursday they remain bullish—despite the Dow's current fall below 12000.
North American Financial Holdings (NAFH), a bank holding company run by former Bank of America executives, is eyeing an initial public offering, and has hired Bank of America, Goldman Sachs and Credit Suisse to advise on the deal. NAFH, set up two years ago to invest in troubled banks, would be just the third IPO of a bank since 2009, according to data provider Dealogic. ...A report from TheStreet.
Nobel Prize or not, they don’t know stocks.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
What follows is a roundup of corporate earnings reports for Thursday, April 21.
Citi hosts shareholders following Pandit's first profitable year, while closing arguments continue in the trial of Raj Rajaratnam. But, with the holiday-shortened week, the pupu platter of earnings is the story Thursday. Here's what we're watching…
Stocks ended higher as investors took heart from strong economic news and shrugged off disappointing quarterly results ahead of a big week of earnings. Merck and DuPont led the Dow higher, while BofA fell.