Stocks ended higher Monday with the Dow and S&P 500 hitting their highest levels since June 2008 amid a flurry of M&A activity and several positive earnings news.
Despite signs of a stabilizing housing market housing, the foreclosure problem is still huge.
Bank rate fees are once again on the rise as big financial institutions struggle to loosen the noose Congress put them in last summer after passing financial reforms. So what are the big banks doing? Creating new fees.
Competition to lend to large US companies is forcing banks to start easing credit terms according to the latest Federal Reserve survey of senior credit officers. The FT reports.
"We still believe that capital returns, clarity over regulation and continued growth in book values should support large cap banks in 2011," the report states. ...A report from TheStreet.
The Financial Crisis Inquiry Commission produced a bit of a mystery with its report yesterday.
If the recovery can't really gain traction until housing stabilizes, we might be here a while.
Analysts are saying the end of March, but Cramer wants investors ready long before that.
It's the next big shoe to drop in the robo-signing foreclosure scandal. Call it part two.
It's an article of faith that there are scores of government regulations that are unnecessary or, as President Obama says, “just plain dumb.” But specialists tell the NY Times Obama is wasting his time.
Stocks closed mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and AmEx rose, while BofA fell.
Big banks are lobbying to replace Fannie and Freddie with themselves, reports Louise Story.
Stocks continued to trade mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and Disney rose, while BofA fell.
Wells Fargo and some other large banks would like private companies, perhaps even themselves, to become the new housing finance giants helping to bundle individual mortgages into securities — that would be stamped with a government guarantee. The New York Times reports.
And then follow this strategy to profit from it.
Stocks closed lower Wednesday following a handful of weak earnings results in the financial sector and strong results from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. Bank of America and AmEx fell, while IBM rose.
What follows is a roundup of corporate earnings reports for Wednesday, Jan. 19.
Stocks extended losses Wednesday following a handful of weak earnings results in the financial sector and strong reports from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. BofA and AmEx fell, while IBM rose.
With no clear catalyst for the move lower, what should you make of the softness in big cap tech land?
Stocks traded mixed Wednesday amid mixed earnings results from Goldman Sachs and Wells Fargo. IBM rose, while AmEx fell.