Plus, the Mad Money host reacts to bank CEOs' congressional testimony.
The Treasury Department will soon release documents providing information about the lending activities of the biggest 20 financial firms receiving government aid under the controversial program.
Wall Street bank executives found themselves eating a little humble pie on Wednesday, after being called before Congress.
Bank CEOs who received federal bailout money will be grilled on Capitol Hill today about how they put their TARP money to use, and Barney Frank, chairman of the House Financial Services Committee, will be running the show. He told CNBC the past mistakes of the financial services industry must be avoided.
Overly negative investors will miss what opportunities this market has to offer. So consider the following list before completely giving up.
Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.
The new president's jab at Wall Street CEOs may have given their investors a hint of what's to come.
The gang go behind the headlines and give you their take on the banking sector, Amazon.com and more. Find out where they're making fast money.
The new president's plan to rescue the financials is great news. But investors shouldn't race to buy stock in the companies who have their hands out.
Word of a 'bad bank' plan sent Citigroup, Bank of American and other financials soaring. But could the euphoria be short lived?
Wall Street has chosen the highly volatile banking industry as its ticket to ride out the recession. Lately, bank stocks and the broader indexes have moved in unison.
Some of the most conservative companies we know stumbled, and took the market with them.
Anton Schutz thinks banks have been getting a bad rap. "We think that this group has been so battered, if you look at the technical indications, coming out of earnings reports every one of the last five quarters, you've seen this group bounce dramatically," the portfolio manager for Mendon Capital and Burnham Asset Management told CNBC.
Optimism may not be the order of the day, but neither is thoughtless pessimism.
As we prepare for US Treasury nominee Tim Geithner's confirmation hearings before the Senate Finance committee, we have already got a taste of what is to come, says Andrew Busch.
The ailing banking system is at the top of the Obama Administration's agenda Wednesday, after worries about the sector Tuesday handed the stock market its worse Inauguration Day losses ever.
All that pre-inauguration hope disappeared Tuesday, as the Dow plummeted in the triple digits on the new president's swearing in.
Financial stocks are seeing huge options activity Tuesday, led by State Street, which is down roughly 50 percent after reporting a 71 percent drop in fourth-quarter earnings. Options volume for STT was six times normal this morning. Also: Options action looks at PNC Financial Services, Bank of America and JPMorgan.
Wall Street ushered in the Barack Obama presidency with a substantial drop in the Dow, amid fresh signs the global bank crisis is far from over.
The Dow ended below 8,000 for the first time in two months as bank stocks took a beating over profit worries.