The lower dollar and strong earnings from IBM are helping stocks recover all of yesterday’s losses – and then some this morning. Techs are leading the markets after IBM beat and raised its guidance, while the weaker dollar is giving a boost to commodity stocks in early trade.
Stocks were off their intraday high, but still traded sharply higher Tuesday as investors were encouraged by a handful of upbeat corporate earnings results and after housing starts rose far more than expected.
Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
Futures were higher Tuesday as investors were encouraged by a handful of upbeat corporate earnings results and after housing starts rose far more than expected.
Financial stocks are down nearly 9 percent in 2011, far underperforming gains in the rest of the market.
Debt drama in the US and Europe continues next week just as earnings season gets into full swing. It's going to be a volatile week for the market.
JPMorgan Chase earnings show how far along it has come since the recovery, but there will continue to be challenges for the banking industry in the second-half, Anton Schutz, president of Mendon Capital, and Fred Cannon of Keefe, Bruyette & Woods, told CNBC in an interview.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank, which is the country’s largest mortgage servicer, and investors in its troubled mortgage securities.
Euro dip concerns have reached a dangerous phase, says Nick Bennenbroek, head of currency strategy at Wells Fargo Foreign Exchange.
A settlement over foreclosure practices between the nation's five largest mortgage servicers and the states attorneys general will not be reached by next Tuesday.
Stocks closed to the upside in another thin trading session Wednesday after investors largely shrugged off a handful of weak economic news and looked ahead to Friday's employment report in addition to earnings season, which kicks off next week.
Stocks were modestly higher in another thin trading session Wednesday after investors largely shrugged off a handful of weak economic news and looked ahead to Friday's employment report in addition to earnings season, which kicks off next week.
With the XLF exchange traded fund making a series of lower highs, the Fast traders weigh in on what it means and where they would put their money.
Stocks edged higher in another choppy, thin-volume session Wednesday after investors largely shrugged off news that ISM non-manufacturing index slipped last month and China's latest interest rate increase.
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Shockingly, financials (as represented by the XLF etf ) are valued lower today than they were in the fourth quarter of 2009, a time when asset quality was unknown and the very survival of the financial system was in doubt. This makes no logical sense.
One of the most classic American political debates — state versus federal law — is surfacing again in the banking sector, as regulators work to put in place the financial reforms passed a year ago in Washington.
Bank of America has reached a final settlement in which it will pay $8.5 billion in cash to a group of 530 private trusts who say the bank violated its obligations regarding mortgages issued from Countrywide Financial.
The nation’s two biggest providers of reverse mortgages are no longer offering the loans, as the economics of the business have come under pressure.