Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.» Read More
Word of a 'bad bank' plan sent Citigroup, Bank of American and other financials soaring. But could the euphoria be short lived?
Stocks ended at session highs Wednesday, led by banks, amid enthusiasm for this so-called "bad bank" plan and as the $825 billion stimulus package neared approval.
Stocks held onto a nearly 200-point gain Wednesday after the Federal Reserve issued its statement on the economy.
Wall Street has chosen the highly volatile banking industry as its ticket to ride out the recession. Lately, bank stocks and the broader indexes have moved in unison.
Shares of US financial companies are rallying today after CNBC's Senior Economics Reporter, Steve Liesman, reported late Tuesday that the Obama administration might set a "bad bank," taking away toxic assets.
Stocks shot out of the gate Wednesday as lawmakers prepared to move ahead on an $825 billion economic stimulus plan and banks got a boost from this so-called "bad bank" plan.
Like snow in Chicago, the good news just keeps falling today for the equity markets. That's right, I said good news, says Andrew Busch.
Futures have been holding impressive gains overnight, on top of a three-day gain, as markets are expecting news on several fronts.
US stocks were poised to continue their positive start to the week Wednesday, as investors looked to a key policy meeting of the Federal Open Market Committee for more action to stem the credit crisis.
The Fed takes center stage Wednesday in a market that will see another deluge of earnings news. Traders are also watching for more news on the Obama Administration's plans for the TARP and the proposal to develop a "bad bank" to hold toxic assets
Just days after renewing his public criticism of Warren Buffett's current investment strategy and situation, the well-known short seller Doug Kass is out with a very bearish outlook for Berkshire Hathaway shares. And this time he's not just making a short-term prediction as he did last year when he bet against Berkshire's stock for several months and then covered that bet at a profit. Now, Kass is talking about the "end" of Warren Buffett.
"We don't always know which ones are going to be the amazing turnarounds," says one market pro. "But there's opportunity out there, there's no question about it."
Following are the week’s biggest winners and losers. Find out why shares of Morgan Stanley and Geron popped while Playboy and Wal-Mart dropped.
If last Friday's debut broadcast of "Options Action" was the broadcast event of the season, then tonight is akin to the Super Bowl.
Doug Kass, the short seller who came out ahead by betting against Berkshire Hathaway last year, has some new criticism of Warren Buffett and his investment style. "In 2008 and (so far) 2009, The Oracle of Omaha has been wrong; it has paid to bet against America."
Considering there are so many challenges facing the financials, are any poised to profit?
Will the country's banking system need to be taken over by the government in order to survive? Our panel debates what it would mean for the consumer.
If you’re looking to pick a fight just bring up the TARP around Dylan and the traders. Click here and you’ll see what we mean!
Plus, Cramer explains how he finds his price targets in this market.
Following are the day’s biggest winners and losers. Find out why shares of McDonald’s and Kimberly-Clark popped while Morgan Stanley and Estee Lauder dropped.