Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.» Read More
Standard & Poor's lowered the credit ratings and outlooks for 12 major U.S. and European banks Friday, including Goldman Sachs and Bank of America, citing increasing industry risk and a deepening economic slowdown.
Plus, more on Altria, short sellers and a special Mad Money Christmas carol.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
The bad news is that while refis are up 250 percent in the past 6 weeks, applications to purchase a home are up only 10 percent. Let's see if news of below-5 percent mortgages makes a difference.
The Fed chief finally took the action Tuesday that Cramer's been demanding for nearly 18 months.
I'm in Las Vegas today where that panel is checking in with the public on whether TARP is having any impact. If you wanted to pick one town to provide feedback on how well the Treasury Department is gambling $330 billion (so far), why not ask Las Vegas?
Cramer offers hard proof that bear raiders operated unchecked in their effort to profit from the American financial system's near collapse.
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
Cramer makes the call on viewers' favorite stocks.
Who knew reassessment based upon fact was a radical concept?
With the failure to pass an auto loan bill, the Treasury Department is now essentially the "last line of defense" for the auto makers. They can now provide a bridge loan through the TARP, or provide or guarantee a debtor-in-possession facility to fund a pre-packaged Chapter 11 proceeding.
Following are the day’s biggest winners and losers. Find out why shares of Baidu.com and UnitedHealth popped while Costco and Harley-Davidson dropped.
Stocks closed higher as a rebound in oil prices boosted energy shares and offset worries about the fate of the auto industry bailout.
Murky signs: Markets had rallied Wednesday morning on the belief that an auto industry bailout was all but certain. But some GOP legislators are opposing the White House deal with congressional Democrats. A top analyst sees financials in critical condition until 2010, but a peer says he's been buying bank stocks and socking them away. And a CNBC guest said commodities are going to lead a 50% S&P rally.
Influential bank analyst Meredith Whitney remains bearish about the economy, and her outlook for the banks that "lubricate the economy" is grim.
With solid decision-making like that, any recipient should be honored.
ExxonMobil is the largest stock in the S&P 500. Wal-Mart, the nearest competitor, is a little more than half that size. ExxonMobil has been notably outperforming the market recently. Since early September, Exxon has been up about 5 percent, while the S&P 500 has been down 30 percent.
Washington’s been a lot harder on Wall Street than you might think. Here’s why the Citi rescue is a signal to buy.
Oppenheimer’s Meredith Whitney sees some real dangers ahead in the banking sector. Find out what’s got her attention.
While some investors were standing on the sidelines during the market rally, Alan Lancz was busy buying, with a one-word explanation: Valuation. (Part One)