Chief Executive Tim Cook apologized Friday to customers frustrated with glaring errors in its new Maps service and, in an unusual move for the consumer giant, directed them to rival services such as Google Inc's Maps instead. **MICROSOFT CORP, Friday close $29.76, down 0.20 pct premarket. RBC and Jefferies& Co both reduced their price targets on Microsoft's stock.
Oct 1- Fifth Third Bancorp:. *KBW cuts Fifth Third Bancorp to market perform from outperform. Reuters Station users, click. 1568.
Want to know what analysts have been saying about Apple, Facebook, McDonald’s, PNC Financial and Disney? Find out in this CNBC.com Stock Blog Roundup.
A range of regulatory failures caused the financial crisis in 2008, and the Dodd-Frank Act will not prevent a future financial crisis, two bank executives told CNBC's "Squawk Box" on Wednesday.
Discussing the drama surrounding JPMorgan's trading loss and how to make money in the banking industry, with Matt O'Connor, Deutsche Bank analyst.
JPMorgan’s much ballyhooed $2 billion loss is no reason to ramp up regulations, noted bank analyst Dick Bove said Monday.
Following news this week that JPMorgan Chase lost $2 billion on a bad hedging strategy, former FDIC Chairman Bill Isaac on Friday urged U.S policies to prevent banks that are “too big to fail.”
Option trading turned bullish in Fifth Third Bancorp yesterday as buyers targeted the financials.
When I came in this morning, I was encouraged by what I saw from Wells Fargo and JP Morgan, not just the bottom line beat but the relative strength in two key areas: mortgage activity and trading.
Trading volume should power JPMorgan Chase to report a very good quarter, while refinancing will boost Wells Fargo earnings, Stifel Nicolaus analyst Christopher Mutascio told CNBC Thursday.
Financial companies in the U.S. and abroad pushed major indices to new highs this week, boosting the S&P 500 to the highest level since May 2008.
All but four banks passed the latest round of Federal Reserve stress tests, but those in the “sweet spot” are the regionals, Sterne Agee financial services analyst Todd Hagerman told CNBC Thursday.
In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Signs of a global economic slowdown are all investors need to take profit from financials, which are looking too expensive, according to Todd Hagerman, managing director at Sterne Agee.
TheStreet.com analyzes five of the best performing Dow stocks in 2012.
“The banks are a buy if you think the economy is going to improve,” says pro trader Brian Kelly. And lately all signs point to an improved global economy.
So far, 18 percent of the S&P 500 has reported earnings, according to Standard and Poor's. This is still a small data base, but of that group, only 55 percent are beating expectations.
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.