Will yet another bailout breathe new life into the global bull? The Fast Money traders have their doubts.
Noisy protesters with signs took over two bank building lobbies on Thursday in a prelude to a Wall Street rally by workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks.
Stocks ended higher after the Fed left interest rates unchanged and kept the "extended period" language in its statement. Financials were the day's best performers, with JPMorgan and Bank of America leading the Dow.
The euro stabilized after traders digested more information about the Greece bailout. Has the issue of contagion been put to rest? Or is there more downside?
Better corporate profits and economic news could keep the market humming, as long as the slow fuse on the Greek debt situation doesn't end with a bang.
Community banks support many elements of the proposed financial regulatory reform legislation but are most concerned about fair treatment for all financial institutions, a lobbyist for the industry's trade group told CNBC Friday.
Billionaire hedge fund manager John Paulson has received quite a bit of press lately arising from his involvement in Goldman’s 2007 Abacus deal which netted him a king's ransom of $1 billion.
The Dow clawed back in late trading Wednesday. Technology and industrials gained while health-care and telecom shares continued to drag.
What follows is a roundup of corporate earnings reports for Wednesday, April 21.
Stocks wobbled in mid-afternoon trading Wednesday. Technology and industrials gained while health-care and telecom stocks continued to drag.
Volume is big in regional bank names as all are hitting new highs: can you say "short squeeze?" Why? I've told you about the key trends, which all banks are now reporting: 1) improving credit trends and 2) net interest margin (the spread between borrowing short from depositors and lending long to borrowers) improved last quarter. Also...
Stocks pushed higher Wednesday, led by techs and banks as optimism about the economic recovery gained strength and worries about the Goldman Sach charges subsided.
Traders note it's another Macro vs. Micro day ... the juggernaut of strong earnings, especially Apple and the banks versus Greece. As the EU/IMF start negotiations with Greece, the 10 year Greek bond yields are at 8.3 percent, blowing out another roughly 40 basis points.
U.S. stock index futures struggled to find direction ahead of the open Wednesday as investors braced for the next batch of corporate earnings.
Uncertainty surrounding Goldman Sachs will likely overshadow the positive news from dozens of major corporate earnings reports in the week ahead. Some analysts say the Goldman spacer fraud charges could be the event that will trigger a much anticipated stock market correction.
Actually, they’re all illusions, Cramer says. He breaks them down one by one.
Surprisingly strong earnings from JPMorgan Chase set an early standard for the rest of banks and indicate the company could be ready to raise its dividend, analysts say.
In a rebuff to the Obama administration, two big banks this week drew a line in the sand on cutting the mortgage balances of beleaguered homeowners, saying that the tool would be applied sparingly.
Since the first widely accepted plastic charge card was issued in 1958 by American Express, the use of credit cards has skyrocketed. Check out the world's top 10 credit card issuers.
They say the rally can’t sustain without the financials. Well, we hear from some of the nation's biggest banks next week. What should you expect and how should you trade?