Goldman Sachs' Lloyd Blankfein tells CNBC that stock volatility is probably back for the foreseeable future.» Read More
Bank of America Corp. fell$. 48 or 2.9 percent, to $15.97. Citigroup Inc. fell $1.85 or 3.7 percent, to $48.17. Goldman Sachs fell $5.32 or 2.9 percent, to $179.61.
Some of Wednesday's midday movers:
LONDON/ KIEV, Jan 14- The collapse in Ukraine's hard currency reserves to just enough to cover five weeks of imports is threatening big government debt writedowns, rather than mere maturity extensions, being needed to put the country on its feet. A year of revolution and war has crippled Ukraine's economy, pushing the hryvnia currency to record lows.
The top three energy master limited funds are in the red, and retail investors are starting to panic. How far will the oil price go?
LONDON, Jan 14- As oil's near 60 percent fall shows little sign of abating, traders are starting to ask what the eventual recovery will look like: slow and drawn out, a rapid rebound, or somewhere in between? Even famed trader Andy Hall, who made a $100 million bonus in 2008 for calling a spike and subsequent collapse in oil prices, told investors in his Astenbeck Capital...
Bank of America Corp. fell$. 41 or 2.5 percent, to $16.04. Citigroup Inc. fell $1.46 or 2.9 percent, to $48.56. Goldman Sachs fell $3.89 or 2.1 percent, to $181.04.
Continuing legal expenses have put big banks in the same league as tobacco and asbestos companies, Dick Bove tells CNBC.
The oil price plunge has defied all but the most pessimistic analysts. We take a look at some of the difficulties in calling the bottom.
Goldman Sachs had to write down its loan to Banco Espirito Santo, cutting profit and some bonuses, people familiar with the matter told Reuters.
LONDON, Jan 14- Currency investors have begun to protect themselves against the risks to sterling posed by the most uncertain British election for decades, having learnt a tough lesson in the run-up to Scotland's independence referendum. Sterling fell sharply and volatility soared in the days preceding September's vote as investors belatedly woke up to the...
NEW YORK, Jan 14- Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank's profit and some employees' bonuses, people familiar with the matter told Reuters. The writedown came late in the quarter after a Dec. 22 decision by Portugal's central bank that effectively wiped out...
Bank of America Corp. fell$. 23 or 1.4 percent, to $16.45. Citigroup Inc. fell$. 36 or. 7 percent, to $50.02. Goldman Sachs fell$. 14 or. 1 percent, to $184.93.
One minute it's up, the next minute it's down. Jim Cramer gives two important tips for navigating the rough seas of a volatile market.
Stocks rose Tuesday after aluminum-producer Alcoa delivers earnings and revenue that topped expectations.
BOSTON, Jan 13- A slide in Ukraine bond prices continues to haunt U.S. bond fund star Michael Hasenstab, whose multibillion-dollar bet on the troubled country's debt is in turmoil as analysts predict a major restructuring that could spell losses for investors. In recent weeks, Ukraine bond prices have plummeted to less than 60 cents on the dollar on some issues.
Oil prices continued their rout with Brent crude and US WTI both falling to their lowest in almost six years.
Bank of America Corp. rose$. 01 or. 1 percent, to $16.69. Citigroup Inc. rose$. 12 or. 2 percent, to $50.50. Goldman Sachs rose $2.01 or 1.1 percent, to $187.08.
*Alcoa erases early gains after earnings. But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.
The crucial support level in WTI Crude is $42, but we'll likely see crude trade in the $30s.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.84. Citigroup Inc. rose$. 43 or. 8 percent, to $50.81. Goldman Sachs rose $4.16 or 2.2 percent, to $189.23.