US stocks rose Wednesday after better-than-expected earnings from Yahoo.» Read More
The embattled financial sector took another hit Tuesday as JPMorgan Chase and UBS cut their earnings forecasts for Merrill Lynch and said they expect the Wall Street firm to disclose more write-downs.
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
The big story this morning is in bond insurers. Bond insurers weak (again) today as Moody's placed Ambac under review for a possible ratings cut. What happened? Last month Moody's affirmed the rating with a Stable outlookaffirmed the rating with a Stable outlook.
PNC Financial Services Group, Pennsylvania's largest bank, on Thursday reported lower fourth-quarter profit, hurt by higher credit losses and the lower value of commercial mortgages in its portfolio.
Quarterly reports next week from Citi, JP Morgan, Washington Mutual, Wells Fargo, Comerica, Merrill Lynch, PNC. There are plenty looking to go long after the reports are out, based on valuation. For example, Citi and Wells Fargo are trading in the bottom 10 percent of their historical valuation.
Washington Mutual, the U.S. savings and loan slammed by slumping mortgage markets, has held "very preliminary" merger talks with JPMorgan Chase, CNBC has learned.
Will Citigroup cut its long established dividend? Not even remotely possible, says one analyst.
Stocks closed mixed as worries about a weakening economy and credit crunch continued to rattle the markets.
Stocks reversed a huge rally and closed with modest gains as dour forecasts from several banks overshadowed a Federal Reserve plan to ease the global credit crunch.
Three major U.S. banks said they expect more write-downs and loan losses in the fourth quarter, eroding investor enthusiam over a Federal Reserve plan to ease the global credit crunch.
Not every bank is a lost cause, Cramer said. Here are a few that are pulling their weight.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
BlackRock, the largest publicly traded U.S. asset manager, posted on Wednesday a quarterly profit that beat Wall Street estimates, helped by benefits that kicked in from last year's acquisition of Merrill Lynch's fund management unit.
Three quick picks from Cramer: SanDisk, Keycorp, Yamana.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
PNC Financial Services, a large northeast regional bank, on Thursday said it agreed to buy Yardville National for $403 million to expand in central New Jersey and eastern Pennsylvania.
H&R Block said Friday it agreed to sell its Option One Mortgage unit to an affiliate of private equity firm Cerberus Capital Management, ending a months-long search for a buyer of the beleaguered subprime lender.
Bank of New York, which is buying Mellon Financial, said on Wednesday that first-quarter profit rose 3%, helped by higher fees from holding securities and processing trades for institutional investors. Meanwhile, PNC Financial, a fast-growing northeast U.S. regional bank, said first-quarter profit rose 30%, helped by acquisitions and growth in every main business line.
New York Attorney General Andrew Cuomo's office expanded a sweeping investigation into the student loan industry with subpoenas and information requests to 13 more lenders, including some of the largest U.S. banks. Among them: Bank of America; Citizens Financial Group, a unit of Royal Bank of Scotland; JPMorgan Chase; National City; PNC Financial Services Group; Regions Financial; SunTrust Banks; US Bancorp; Wachovia and Wells Fargo. Cuomo's office also sent inquiries to three closely-held student lenders: Access Group, College Loan Corp. and EdFinancial Services.
Mark Thomas, chief investment strategist for ValueStockTips.com, told CNBC’s “Street Signs” that he’s now 100% in cash, but still expects the stock market to return gains of 6% to 8% this year.Thomas on Monday said he expects to remain on the sidelines for the next two to four weeks to reduce risk in a volatile market. Also, he said many people pull money out of stocks this time of year to pay their taxes.
Federal regulators censured accounting firm Ernst & Young and ordered it to pay $1.6 million to settle charges of compromising its independence and contributing to faulty accounting by a client in 2001.