During his illustrious career, Warren Buffett has ventured into a vast number of market sectors. Energy is a major component of Buffett's empire. And his investment goes way beyond oil. ...A report from TheStreet.
If there’s one takeaway from the banks’ first-quarter earnings this week, it’s got to be this: Mortgages are still a real problem.
When asked which of the banks reporting next week had the greatest shot at an upside surprise, Credit Suisse analyst Mosche Orenbuch told us it would be this name!
Stocks ended flat to slightly higher after fluctuating throughout the session after President Barack Obama delivered his plan for reducing the budget deficit by $4 trillion over 12 years, and as the Federal Reserve confirmed economic growth remains moderate across-the-country. Caterpillar rose, while BofA fell.
Stocks pared modest losses just before the close after rising slightly after President Barack Obama delivered his plan for reducing the budget deficit by $4 trillion over 12 years, and as the Federal Reserve confirmed economic growth remains moderate across-the-country. Kraft gained, while Boeing fell.
The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision released enforcement action against fourteen major bank/servicers in the form of consent orders.
Stocks turned mixed as financials led the market lower despite JPMorgan's solid earnings results. IBM and Kraft rose, while Boeing fell.
Of all the earnings releases coming this week, trader Joe Terranova thinks one could be a little more market moving than the others.
Stocks closed higher amid rising prices for oil and gold, as the market hit new highs. Cisco and AmEx led Dow gainers, while Caterpillar fell.
Stocks added to modest gains in the last hour of trading amid rising prices for oil and gold, lifted by banks and technology. Cisco and AmEx led Dow gainers, while Caterpillar fell.
Bank of America was pressed by the Securities and Exchange Commission to increase their level of disclosure on repurchase reserves related to bad mortgages, according to documentation that was released yesterday.
Critics who argue banks are not lending might want to check with middle-market companies. Demand for new loans may be recovering slowly, if at all, but banks are trying to win these companies' business with more attractive terms.
Here's why you should keep a close eye on these six stocks.
When companies host investors for their annual meetings, investors' focus once again will be directed to executive pay.
Banks are yet shrugging off a fear of commitment.
From Libya to Larry Page, markets have absorbed an above-average amount of headlines so far in 2011. Let's take a quick look at some of the headlines beyond geo-politics and then put on the table what might happen next.
Yesterday morning I attended the FDIC's background press briefing before the vote on proposed risk retention rules. While the rules covered a vast ground, I was of course most interested in those that focus on the "Qualified Residential Mortgage." The QRM would be the exemption from risk retention, and therefore banks would want most borrowers to fall under the QRM standard.
Here's what you should be watching Thursday, March 30.
In the aftermath of the Federal Reserve's latest round of stress tests on 19 large financial holding companies, there are two clear losers, as well as several banks perceived by analysts as not taking full advantage of regulatory developments. ...A report from TheStreet.
Stocks snapped a two-week losing streak to post gains after several days of quiet trading in which stocks steadily rose higher despite despite unrest in the Middle East and Libya, debt troubles in Europe, a continuing nuclear disaster in Japan and mixed economic news in the U.S. IBM and Chevron gained, while HP fell.