Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.» Read More
Stocks temporarily pared gains after a much anticipated concept paper on the government stress tests for the 19 biggest U.S. financial institutions was released.
Stocks opened higher Friday as investors shrugged off a dismal durable-good report and were encouraged by Ford's narrower-than-expected loss.
The existing US banks have survived tough economic conditions over the past half year, which can be assimilated to a real-life stress test, Bob Parker, vice-chairman at Credit Suisse Asset Management, told CNBC.
Stock index futures remained higher Friday as investors shrugged off a dismal durable-good report and were encouraged by Ford's narrower-than-expected loss.
Stocks pulled off a gain after a wobbly session Thursday as banks rose and some better-than-expected earnings helped offset gloomy economic data.
Credit card executives meeting with President Obama argued that rules proposed by the Federal Reserve are adequate to protect consumers, but Obama believes more should be done.
The lending practices of U.S. credit card companies will be under the microscope Thursday as President Barack Obama meets with executives from 13 leading credit card issuers. We wanted to know if you feel you've been unfairly treated by the credit card companies.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on what traders are watching Thursday — and his predictions for the stock market in coming days.
While Wall Street's bulls are battling to hold the high ground, the bears may have the edge going into Thursday.
Stocks staged a late rally Wednesday as investors shrugged off health-care weakness and bet on solid results from Apple after the bell.
The economy is not “out of the woods yet, but there are encouraging signs,” said Howard Atkins, CFO of Wells Fargo.
We are always reluctant to make short-term trading calls. However, it strikes us that the euphoria over 1Q bank earnings is somewhat misplaced. The factors leading to first quarter outperformance (relative to drastically-reduced expectations) seem to be largely unsustainable.
Morgan Stanley posted a first-quarter loss that was much wider than analysts expected; it also slashed its dividend. But CNBC's David Faber reports that there's more to the story than what's on the surface.
Stocks rebounded Wednesday as Caterpillar led the Dow, automakers rallied and banks posted solid gains.
Sean O'Hara is bullish on America. The president of RevenueShares Investor Service is even bullish on financials — and even on the company that bought Merrill Lynch. One caveat, though: He's thinking long term.
Stocks opened lower Wednesday as investors looked for further guidance from Treasury Secretary Timothy Geithner and the next batch of corporate earnings.
Futures turned down about 6 points at 8:30 AM as Morgan Stanley reported a loss of $0.57, much worse than the loss of $0.08 expected. This officially ends the streak where banks have beaten estimates. Top line miss was rather large: $3.0 billion vs. $4.8 billion expected.
Stock index futures pointed a lower open Wednesday as investors looked for further guidance from Treasury Secretary Timothy Geithner and the next batch of corporate earnings.
The resilience of the market has been a puzzle to many who thought Monday's selloff was a sign the stock market would finally give up on its six-week rally.
While indicating a modestly lower open earlier this morning, the markets turned around late in the morning on a strong rebound in financials and the digestion of a series of less pessimistic comments by corporate executives.