Stocks ended higher on Tuesday as news that Bank of America would boost its dividend amid a stronger profit forecast than analysts expected lifted financials, and oil prices eased amid news OPEC is considering a boost in output. Bank of America and AmEx rose, while McDonald's fell.
While stocks are reacting partly to lower oil today, there's another group that is also strong: banks. Partly, this is due to modestly positive comments coming out of Bank of America's analyst meeting, its first in four years. But there is also increasing optimism that a select group of large banks will soon be able to significantly raise dividends.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
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The Obama Administration is vigorously defending its mortgage bailout programs, from the Home Affordable Modification Program to the Neighborhood Stabilization Program to the FHA Short Refi.
Warren Buffett tells CNBC that when it comes to possible acquisitions, there aren't many "elephants" out there and not all of them want to be in the Berkshire Hathaway "zoo." Appearing live from Omaha on CNBC's Squawk Box this morning, Buffett tells Becky Quick he doesn't have any "high probability" deals in the works now. While he's not necessarily scared away by higher stock prices, they do make it harder to find a deal now than two years ago.
About 40 percent of female Baby Boomers are divorced, widowed or never married, according to AARP. That's why financial planners say it's more important than ever for women to take control of their money, whether or not they are currently married.
In the last few weeks, a number of big banks have successfully bundled and sold new securities backed by commercial real estate loans. The NYT Reports.
In his annual letter to Berkshire Hathaway shareholders released this morning, Warren Buffett says more "major" acquisitions are needed to maintain growth in the company's non-insurance businesses at a "decent rate."
Stocks broke three consecutive sessions of losses to end higher amid light volume, led by financial and tech stocks, and as oil prices stabilized. Intel rose, while Microsoft fell.
Stocks broke three consecutive sessions of losses to climb higher, led by the technology and financial stocks, as oil prices stabilized at lower levels. Boeing fell, while Wal-Mart rose.
Most stocks are recovering today after a drubbing earlier in the week, but some are not...with good reason. Because if $100 oil is the new normal, there's a whole new round of cost hikes and margin squeezes coming.
The S&P edged higher Friday after a week-long sell-off, with investors wondering if the market had found support, or if it was a pause before a larger pullback.
Here's why you should keep a close eye on these six stocks.
I'm reporting today from a Wells Fargo two-day mortgage modification event in Portland, OR. This is the 20th such event WFC has held since September of 2009, meeting face to face with over 19,000 borrowers.
While muni bond optimists come in a variety of flavors, they all miss one important factor: the risk of municipal debt contagion.
An analysis of government data shows that even as banks shut branches in poorer areas, they continued to expand in wealthier ones, despite decades of government regulations requiring financial institutions to meet the credit needs of poor and middle-class neighborhoods. The New York Times reports.
Stocks ended higher Friday, climbing just before the close to cap off the third straight week of gains in the absence of major economic news or earnings.
Wells Fargo is finally returning phone calls to the Philadelphia homeowner who began foreclosure proceeding against one of its branch offices—and the homeowner, Patrick Rodgers, feels very strongly that yesterday's article on NetNet precipitated their telephone call.