SunTrust, KeyCorp, Fifth Third, Comerica report substantial losses on writedowns or setting aside cash to cover loan losses.
Nearly two years ago, on a Tuesday in February 2007, a Wall Street salesman pitched an investment that sounded almost magical. It was called Gemstone VII. A shiny amalgam of financial instruments, it promised attractive returns — with virtually no risk.
For the week: Dow down 3.7 percent, S&P 500 down 4.5 percent, NASDAQ down 2.7 percent. The good news was that, on an options expiration day, most major sectors were to the upside.
We have not seen a day with poor internals like this in several weeks. 10-1 declining to advancing stocks, and much more volume is going to stocks on the downside than on the upside.
The Bank Index is sitting right at its November closing low, and many big names — Bank of America, M&T Bank, US Bancorp and others--are already at multiyear lows.
Two specific sectors are showing weakness today (financials and materials) but for the same reason: earnings concerns.
Cramer makes the call on viewers' favorite stocks.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
As stocks slid following renewed worries about Lehman Brothers on Tuesday, CNBC asked the experts where to put your money now.
Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30. A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful. Conoco-Phillips data is kept "confidential."
Forget about being dependent on high oil. This sector's striking out on its own.
Investors interested in buying and selling U.S. bank stocks based on the performance of the underlying businesses might well have gone on holiday this week -- and might stay there next week.
Big news out of Texas could be a boon to this sector.
U.S. Bancorp posted a larger-than-expected 18 percent decline in quarterly profit due to mounting housing-related credit losses, and said that tough economic conditions will cause more loans to go bad.
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
Some of the nation’s biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, the NYT reports.
Actually, it has more than that. But with wind power, railcars and barges, the company's doing quite well.
Looking for a way to measure the sector? This is it.
Nearly 3.2 billion shares traded yesterday in CNBC's Million Dollar Portfolio Challenge. Portfolio values are now up to a combined $67 billion. Here are the bets being made today...
This infrastructure play is making big moves into wind power. Get in before Wall Street catches on.