What does it say when a drugmaker hires a Goldman Sachs investment banker as its next Chief Financial Officer? That's the question I'm asking after Novartis announced that it's tapped a managing director of investment banking at Goldman Sachs, Jonathan Symonds, as its CFO apprentice.
Cramer is looking deep into the chart of the financial giant.
Comments made by Intel CEO Paul Otellini after hours could be bullish for stocks.
Stocks lost ground in afternoon trading but traded in a fairly tight range, though the Nasdaq posted losses approaching 1.5 percent.
With all the sideways action, is this market headed for a breakdown or a rebound?
Stocks opened slightly higher, bouncing off a rough day Monday but moving hesitantly as an economic report showed consumer weakness continues to hamper growth.
Keith Davis is a Farr, Miller & Washington Partner and serves in the roles of financial sector analyst and our firm's economist. Much of my weekly market posts are crafted by Keith. Currently, we hold two banking stocks: JP Morgan and Goldman Sachs. Keith's thoughts on banks follow.
The stress test results gave banks 30 days to come up with a plan for raising capital and then six months to execute on the plan. Well, no offense to Big Brother, but the banks are tripping over themselves to sell equity to be in the position to repay the double-dealing government overlords.
Stocks are poised for a rebound at the start Tuesday, with investors dipping back into stock index futures following Monday's sharp declines.
The S&P 500 fell on Monday as investors booked profits in financial sector with comments made by widely followed banking analyst Whitney Tilson on CNBC fueling the sell-off.
The S&P 500 slipped down into negative territory by midday Monday driven by heavy profit taking in the financial services sector. How should you be trading?
Bill Losey is feeling confident enough about the health of the financial sector to begin recommending bank stocks to his clients.
Cramer explains why it was wrong to force the New York Federal Reserve chairman to resign.
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
This week on CNBC’s Kudlow Report I repeatedly called for the resignation of New York Fed chairman Steve Friedman over his blatant conflicts of interest with Goldman Sachs.
Wall Street breathed a sigh of relief after Thursday's stress-test results, but didn't dispel the uncertainty over some of the most troubled financial giants. The stress tests—a key Obama administration effort to boost confidence in the financial system—showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Read and hear what the experts had to say... (Updated)
In the world of banking, too-big-to-fail may be in the process of morphing into too-big-to-exist.
Jobs and financials each gave investors cause for relief — and continued questions. Art Cashin, UBS Financial Services director of floor operations, offered CNBC his insights on the bank stress tests, the economy and the stock market.
Results of the bank stress tests were greated with a sigh of relief on Wall Street but didn't end the uncertainty over some of the most troubled financial giants..
Wall Street breathed a sigh of relief after Thursday's stress-test results, but didn't dispel the uncertainty over some of the most troubled financial giants. The stress tests—a key Obama administration effort to boost confidence in the financial system—showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Read and hear what the experts had to say...