Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.» Read More
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on what traders are expecting Thursday.
Careful here: the market is showing signs of ignoring bad news (CEOs are consistently talking down expectations) and jumping all over any glimmer of good news.
US stock index futures rose ahead of the open Thursday as Wells Fargo surprised investors by pre-announcing its forecast-beating earnings results.
The Dow closed in negative territory Monday, ending a four day winning streak.
Stocks fell Monday amid doubts over the health of the banking industry and the apparent collapse of a major deal in the technology sector.
Following a 4-week rally the markets traded lower as of midday Monday, weighed by on-going concerns over the health of the financial sector. Despite four weeks of steep gains, financials, industrials, and utilities companies remain deep in the red year-to-date, recording losses over 10%. Which are the worst/best performing companies?
Many of the recent fixes in the financial sector are merely "window dressing" and problems still persist in the banking sector, says veteran baking analyst Michael Mayo.
Banks might be back to their old tricks. There’s speculation some are colluding to swap assets at inflated prices using taxpayers' dollars!
For the first time in what seems like forever, options trading is showing strong signs of interest in financial companies, and some long-awaited takeover talk in telecom.
Prospects for banks have improved significantly and one analyst is says now is a good time to buy into selected financials
Optimism prevailed in the stock market on Thursday; with many investors more hopeful than they’ve been in a long time that the financial system may soon stabilize.
"This is a really big moment," says one investment pro. "The real question in my mind is if we are dragging the floor up."
The sooner those banks which don’t need Federal Government loans – Goldman Sachs? Morgan Stanley? Wells Fargo? – can repay them, the better.
Four small banks became the first to return millions of dollars of emergency aid, and more may soon follow as the industry tries to escape what it considers the onerous conditions attached to the government’s money.
April 2nd could be remembered as a pivotal day in the financial crisis. That’s when regulators could decide whether to relax mark-to-market accounting rules.
The S&P tumbled on Monday largely due to concerns about the major automakers.
Value investor Whitney Tilson reveals two financials he thinks are buys!
The S&P Financials Sector is now up ~60% since March 6. Given this huge run, it looks like the shorts are back. Here is a look at how the short interest in these beaten companies has changed over time.
Following are the day’s biggest winners and losers. Find out why shares of Raytheon and Red Hart popped while Wells Fargo and Yahoo! dropped.
Stocks moved on three events today: 1) better than expected earnings from Best Buy, ConAgra, and Dr. Pepper, 2) a better than expected 7-year note auction has alleviate demand concerns, and 3) continued pressure on short sellers.