CNBC's Kayla Tausche reports Wells Fargo is being sued for fraud and taking advantage of customers.» Read More
If the broader market continues to take its cue from the financials, investors have a good deal more information by which to judge the health of the banking system after Citigroup, JPMorgan and Goldman Sachs reported results this week and Wells Fargo's detail-light pre-announcement last week. Or do they?
For big banks like Citigroup, the first quarter of 2009 may turn out to be the best of the year.
Plus, a look at the positive effect that Washington has had on the banks.
Byron Wien, Pequot Capital chief investment strategist, offered CNBC his expert market insights and outlook for the economy.
Goldman Sachs priced its stock offering at $123 per share, or 5.5 percent below its Monday closing price. The sale garnered some 50 percent of Goldman's TARP loan. What does this mean for the financial giant?
On the heels of better than expected earnings from Citi and BB&T most banks are trading on the upside today. Following upside surprises from JP Morgan, Goldman Sachs, and Wells Fargo, bank stocks are again posting gains for the week.
Early morning earnings reports from Citigroup and General Electric, and an update on GM's restructuring, are the key hurdles for stocks Friday.
The financials have rallied 35% in the past month on upside surprises. But how much longer can banks continue to wow the Street?
Stocks climbed on Thursday with technology the star of the day largely due to optimistic comments from Nokia.
After good news from Goldman Sachs and Wells Fargo, should you buy the financials? Jon Fisher, portfolio manager at Fifth Third Asset Management, offered CNBC his outlook for bank stocks.
Around lunchtime the bulls were whispering about Google’s quarterly results, which come out after the bell, and what they’d reveal. There’s cautious optimism in the sector...
Housing starts were below expectations, but futures still rose as some are saying jobless claims were not as bad as expected.
Gold was on the rise Thursday as investors climb back into safe haven stocks amid the economic uncertainty. Experts tell CNBC the precious metal may retest $1,000.
It should come as no surprise to anyone, given that the banks, Fannie and Freddie and several states had foreclosure moratoria that recently expired. Everyone was waiting to see the Obama plan for troubled loans, and once the Making Homes Affordable plan was set in motion, the moratoria were mostly lifted. Of course it begs the question, how exactly are those Obamamods doing?
Don’t look now, but those battered banks may just survive after all—if only our federal government would let them get out of jail.
Some of the largest mortgage companies in the US are stepping up foreclosures on delinquent homeowners, and will likely lead to more Americans losing their homes, the Wall Street Journal reported Wednesday.
The Obama administration is drawing up plans to disclose conditions of the 19 biggest banks in the country, according to senior administration officials.
Global stocks were down Wednesday, weighed down by grim economic data and tech results from Infosys and ASML. Experts tell CNBC they see long-term potential in commodities and agriculture stocks, but not much in airline stocks.
Following are the day’s biggest winners and losers. Find out why shares of Blackstone and Lazard popped while Morgan Stanley and Best Buy dropped.
Stocks ended near their session lows Tuesday after a report showed retail sales unexpectedly dropped in March and as worries about banks simmered ahead of some key earnings.