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Bank shares have been hammered for two days and some traders are pointing to a "slip of the tongue" Fed Chief Ben Bernanke made when answering questions at the national press club this week.
Following are the day’s biggest winners and losers. Find out why shares of Priceline.com and Sprint popped while Wells Fargo and gold dropped.
Wells Fargo drew heavy put activity yesterday (Wednesday), as its stock hit a new 52-week low in intraday trading. By midafternoon more than 460,000 contracts had changed hands, more than twice the 20-day average volume...
The S&P Financials Sector is now down over 35% YTD and ~70% in the past 12 months. Given this continued drop, here is a look at how the short interest in these beaten companies has changed over time.
Stocks could see a volatile Thursday after Wednesday's relative calm with traders anxious to see if the market will pierce its lows.
The Dow eked out a gain on Wednesday which kept the index from breaking through the November 20 bear market low.
As of this morning, nearly 80% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
The new Obama housing plan is going to give a break to those who least deserve it: people who bought more house than they can afford. It will reward those who made all the wrong decisions.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
Following are the week’s biggest winners and losers. Find out why shares of Abercrombie & Fitch and Vimpel-Comm popped while Wells Fargo and Research In Motion dropped.
Following are the day’s biggest winners and losers. Find out why shares of Continental Airlines and Viacom popped while Harley-Davidson and Capital One dropped.
The Dow closed higher as Wall Street bank executives squirmed before Congress over how they used $176 billion in bailout money.
Plus, the Mad Money host reacts to bank CEOs' congressional testimony.
Stocks closed slightly higher as Wall Street welcomed news that House-Senate negotiators had reached agreement on an economic stimulus bill.
The Treasury Department will soon release documents providing information about the lending activities of the biggest 20 financial firms receiving government aid under the controversial program.
Wall Street bank executives found themselves eating a little humble pie on Wednesday, after being called before Congress.
Bank CEOs who received federal bailout money will be grilled on Capitol Hill today about how they put their TARP money to use, and Barney Frank, chairman of the House Financial Services Committee, will be running the show. He told CNBC the past mistakes of the financial services industry must be avoided.
As of yesterday afternoon, nearly 70% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Bankers will be in the hot seat Wednesday. But the markets could focus again on whether there's a credible plan in the works to rescue the banking system, after the disappointing lack of details in the plan unveiled by Treasury Secretary Timothy Geithner.
Considering the steep drop in financials Tuesday, should you buy bank stocks on the dip?