Don’t look now, but those battered banks may just survive after all—if only our federal government would let them get out of jail.
Some of the largest mortgage companies in the US are stepping up foreclosures on delinquent homeowners, and will likely lead to more Americans losing their homes, the Wall Street Journal reported Wednesday.
The Obama administration is drawing up plans to disclose conditions of the 19 biggest banks in the country, according to senior administration officials.
Global stocks were down Wednesday, weighed down by grim economic data and tech results from Infosys and ASML. Experts tell CNBC they see long-term potential in commodities and agriculture stocks, but not much in airline stocks.
Following are the day’s biggest winners and losers. Find out why shares of Blackstone and Lazard popped while Morgan Stanley and Best Buy dropped.
Stocks ended near their session lows Tuesday after a report showed retail sales unexpectedly dropped in March and as worries about banks simmered ahead of some key earnings.
Consumer weakness—as shown by Tuesday's retail sales numbers—serves as a reminder that the economy still poses a danger to the stock market.
So what do we know about bank earnings so far? We know that Wells Fargo said mortgage originations were strong, we know that Goldman saw big gains from fixed income.
Stocks recovered late yesterday in anticipation of Goldman's blowout numbers and now are off their lows today ahead of Intel's report after the bell.
Stocks opened lower Tuesday after a report showed retail sales unexpectedly dropped — and dropped sharply — in March. But Citigroup, Bank of America and General Motors advanced.
Banks soared in global markets Tuesday after Goldman Sachs reported a strong first-quarter profit. But investors remained cautious on concerns over the fate of General Motors and the impact the economic slowdown has had on companies.
Stock futures retreated Tuesday after a report showed retail sales unexpectedly dropped -- and dropped sharply in March.
Richard Bove, financial strategist at Rochdale Securities, is bullish on the US banking sector as he sees an improvement in banks' overall operating businesses.
Asian markets bounced back and forth in a narrow trading band Monday. Trading was quiet after most major overseas centers were closed on Friday due to the long Easter weekend.
The S&P 500 closed modestly higher on Monday with investors betting that big banks will post at least decent quarterly results. And after hours Goldman did far more than that...
As big banks start reporting their first-quarter earnings this week, investors will be looking to see if the recent good news suggests a turnaround is for real.
Stocks ended mixed in a dramatic finish Monday as the market was buzzing about President Obama's press conference on the economy tomorrow.
The pros showed lots of caution as the markets move deeper into earnings season, suspecting pullbacks after several strong weeks. Financials earnings will be of particular interest this week, but surprises are less likely. When the U. S. economy recovers, it is likely to do so before those of either Japan or Europe, because the U.S. has acted much more swiftly, forcefully, and, one hopes, appropriately.
Stocks retreated Monday after a five-week rally as investors braced for this week's round of earnings and a potential bankruptcy filing by General Motors.
Stocks, which had already been coming off their mid-morning lows, rallied further about 1:18 ET when it was announced that President Obama would make a major address on the U.S. economy tomorrow.