Banks face a host of headwinds in the current low-rate environment, according to FBR's Paul Miller and RBC's Gerard Cassidy. » Read More
The Dow rallied on Wednesday after strong results from Wells Fargo lifted the entire banking sector to it’s biggest one day gain in almost two decades. What's the "Word on the Street?"
Stocks closed lower following a zig-zag day marked by a plunge in oil and a barrage of statements and news from economic policy makers, and a resurgence for the beaten-down financial sector.
Stocks fell sharply after Federal Reserve Chairman Ben Bernanke issued a dour forecast ahead for the US economy, saying more hard times are on their way that will pose a major challenge to policy makers.
Mr. Bernanke's job is to walk the fine line between acknowledging--and defending--the Fed's expanding role in the regulation of investment banking, and not appearing to be coddling excessive risk-takers.
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.
You thought IndyMac was it? Nope. Here's your how-to for getting through.
Banks are oversold and cheap by historical standards, and while a few that report decent numbers will definitely bounce, it is unlikely to eliminate worries over more capital raising. There's additional worries, as now many are concerned with deterioration in other parts of the banks' portfolios...
Anxiety about the cost of raising money triggered some serious selling that ended with blood running down the Street...
The week was a mixed bag of economic and market news, most of it on the negative side. Oil prices continued to hit record highs, the market officially entered bear territory and the European Central Bank socked it to the U.S. by raising rates a quarter-point. Despite all of this, CNBC guests found bright spots in steel, financials, tech and international stocks.
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.
Shares of Warren Buffett's Berkshire Hathaway are down almost 20 percent from their all-time closing high of last December. Wall Street's generally accepted definition of a 'bear market' involves a 20 percent drop from a recent high. Yesterday, Berkshire shares dipped into bear territory on an intraday basis, before recovering to close at $120,100 .. a 19.5 percent drop from its all-time closing high of $149,200, set on December 10.
The market may be headed south, but that doesn't mean your portfolio has to follow suit. To give investors an edge, CNBC asked the market experts for their best stock picks now.
Investing in financials or trading technology stocks? Marc Pado, market strategist for Cantor Fitzgerald U.S., and Dan Genter, CEO of RNC Genter Capital Management, offer CNBC their stock picks.
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.
Cramer makes the call on viewers' favorite stocks.
The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?"
Ben Steverman cautions investors not to paint financial stocks with a broad brush. He urges investment hunters to look at these "non-toxic" financial stocks.
Oil dominated the news again during the week, though crude prices fell back for a change. Economic data also moved the markets, which finished up for the week.
KeyCorp dropped 12% Wednesday after underestimating its exposure to bad loans. Has the subprime slime spread all the way to the neighborhood bank?
Investors who spent the past nine months avoiding the US stock market and economy by snapping up multinational companies are now coming back home.