Stocks traded off the highs of the day, but remained significantly up, as the Federal Reserve reported improving economic conditions across the country, and as upbeat earnings outlooks for banks lifted investor sentiment. JPMorgan and Boeing rose, while Alcoa fell.
Stocks gained on a brighter outlook for banks ahead of earnings releases, and as debt troubles in Europe eased after a successful Portuguese bond offering. JPMorgan and Bank of America gained.
When the biggest US banks submit their capital plans to the Fed on Friday, it will mark an important post-crisis milestone for the industry, clearing the way for many of them to resume providing dividends.
Alex Pollock of the American Enterprise Institute assembled a collage of quotes from former Treasury Secretary Henry Paulson’s memoir of the financial crisis, On the Brink. The collage paints a stunning and frightening picture of a confused and panicked government without a coherent strategy for containing the financial crisis and preventing worldwide financial panic.
With judges looking ever more critically at home foreclosures, they are reaching beyond the bankers to heap some of their most scorching criticism on the lawyers. The New York Times reports.
Emerging markets have had their run and now it’s time for investors to turn back to domestic US stocks, said David Katz, chief investment officer at Matrix Asset Advisors, and Ethan Anderson, portfolio manager at Rehmann Financial.
Banks continued to sell off Monday after that foreclosure ruling made by the Massachusetts’ courts. Is this weakness a buying opportunity?
Stocks ended mixed, but off the lows of the session, amid rekindled European debt worries and as investors awaited the start of the earnings season.
Although it’s only been a couple of days since the Massachusetts Supreme Court handed down its ruling in the “Ibanez” case, analysts are already announcing that it won’t be as big of a deal as it might seem.
Stocks pared some of their earlier losses as tech stocks gained, but remained under pressure for a third straight session Monday amid rekindled European worries and as investors awaited the start of the earnings season. AT&T and DuPont fell, while BofA rose.
Mortgage, housing and banking analysts took the weekend to pontificate on the ramifications of last Friday's decision by Massachusetts' highest court to void two foreclosures due to improper paperwork. A coalition of state pension funds took a different tack: They fired a shot across the bow of the big banks.
Stocks fell as investors awaited the start of the earnings season and shrugged off a spate of mergers and acquisitions activity. DuPont and Microsoft fell fell, while GE rose.
The bank stress tests are back and you'll sure be hearing the phrase "Too Big To Fail" uttered over and over again.
the New York Times reports.
These are the earnings reports and data points to watch.
Stocks declined as investors digested a mixed employment report and turned their attention to next week's earnings season.
There's no way to overstate the importance of today's decision by the Supreme Judicial Court of Massachusetts to void the seizure of two homes by Wells Fargo and US Bancorp.
Now that the Massachusetts Supreme Court has upheld a lower court's ruling that Wells Fargo and U.S. Bancorp did not have the proper paperwork to foreclose on two homes, the question is what that means for the broader mortgage market and the future of millions of foreclosures in or about to be in process?
Stocks eased losses ahead of the close, but were on course to end a six-week winning streak, as investors digested a mixed employment report and turned their attention to next week's earnings season. JPMorgan and Travelers fell, while Pfizer rose.
Plus, get Cramer’s take on the Justice Department’s investigation of UPS and FedEx, as well as a call on the agriculture space.