With Wall Street banks about to report on how much money they've been making, estimates are moving in the wrong direction.» Read More
Stocks whipped back to positive territory on a seesaw day for Wall Street, which was dominated by a large dumping of financial shares and a drop in oil that staggered large energy producers.
We started to hear rumblings last week about how residential construction loans are weighing heavily on local banks because, big surprise, some of the builders are having trouble keeping up with the payments.
Cramer makes the call on viewers' favorite stocks.
Nearly 1.6 billion shares and $22 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Nearly 1.4 billion shares and $20 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Two trends were not helpful to those looking for a bottom today.
SunTrust Banks on Friday said it does not expect to change its quarterly dividend or issue additional common shares, soothing concern that the large U.S. Southeast regional bank might need to raise or preserve capital to address credit problems.
JPMorgan Chase is interested in acquiring another bank, and the firm has Wachovia high on its list of possible targets, CNBC has learned.
US large-cap regional banks' stocks now appear to be in "capitulation mode" and will likely trade below fair value in the near term, an analyst at Merrill Lynch said.
It was a mixed day, which started poorly with a big earnings warning from HMO Coventry, as well as Burlington Northern and Smucker's, which noted higher soybean oil and wheat costs were hurting their bottom line.
Not only did BB&T rally into positive territory (it was down almost 10 percent), but other regional banks like Suntrust also rallied modestly. Why? Because shorts keep pressing these names under the theory that many will follow KeyCorp and Fifth Third and cut the dividend;
Stocks closed lower Wednesday, led by financial and auto stocks after worrisome results from Morgan Stanley, CarMax and FedEx. Regional banks also took a hit after Fifth Third cut its dividend.
Stocks declined Wednesday, led by financials, after worrisome results from Morgan Stanley and a dismal outlook from FedEx. The Dow briefly slipped below 12,000 -- the first time that's happened since March 18, when the market was reeling from the collapse of Bear Stearns.
Stocks opened lower Wednesday as investors booed results from Morgan Stanley and a dismal outlook from economy gauge FedEx.
How long can this trade (long energy & materials, sell rallies in financials) work? Bulls think it can go on for some time; bears believe we are in a blow-off on energy and materials and it is only working right now because it is the end of the quarter, but will soon stop.
U.S. banks may need to raise $65 billion of additional capital to cope with mounting losses from a global credit crisis that will not peak until 2009, Goldman Sachs & Co analysts said on Tuesday.
Goldman Sachs sent a note out late last night with this title: Key is Likely Not Alone, More Capital Raises and Dividend Cuts to Come. They specifically mentioned Regions Financial, Fifth Third, Comerica, Bank of America and SunTrust
Despite considerable jawboning, the dollar was weak, commodities were strong, and that combination has not proven to be helpful to stocks. With oil near new highs, the Dow Transports dropped nearly 5 percent for the second time in four days (ouch!)
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.
Following are the day’s biggest winners and losers. Find out why shares of Amazon and Golar LNG popped while Campbell’s and Manitowoc dropped.