Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.» Read More
Oil's move could be a key trend in Wednesday's markets, as traders watch more Fed testimony, a bunch of earnings reports and another helping of inflation data.
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You thought IndyMac was it? Nope. Here's your how-to for getting through.
But the housing sector needs a merger before that happens, Cramer says.
U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising and dividend cutting will be needed to achieve it.
U.S. home foreclosure filings jumped 53 percent in June from a year earlier, although they were down 3 percent from May, and foreclosures are expected to rise further, real estate data firm RealtyTrac said Thursday.
Anxiety about the cost of raising money triggered some serious selling that ended with blood running down the Street...
David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials. See his stock pans and picks!
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
Shares of Warren Buffett's Berkshire Hathaway are down almost 20 percent from their all-time closing high of last December. Wall Street's generally accepted definition of a 'bear market' involves a 20 percent drop from a recent high. Yesterday, Berkshire shares dipped into bear territory on an intraday basis, before recovering to close at $120,100 .. a 19.5 percent drop from its all-time closing high of $149,200, set on December 10.
Friday shows are the only time Cramer has a trading mentality -- the rest of the show is about investing, where it pays to be patient.
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U.S. banks may need to raise $65 billion of additional capital to cope with mounting losses from a global credit crisis that will not peak until 2009, Goldman Sachs & Co analysts said on Tuesday.
The week began with a flashback to the credit crisis. It ended with figures showing the fastest inflation in six months and the lowest consumer-sentiment reading in 28 years. Along the way, as the stock market ebbed and flowed, CNBC guests assembled a collective portfolio that was heavy on technology, energy, and global exposure.
Friday was the first day in what should be a good run in the market.
CNBC asked the market experts where investors should be putting their money, and here are some of their best suggestions.
Robert Zagunis says investors should put their money into shares of diversified international companies: "where the action is."
The good news is that a feared Monday Debacle never materialized, in fact it never even got close. What worked was the same story that worked for the last five months: buy the dips, sell the rallies. So energy, materials, and beaten up retailers got a modest lift today.
Short seller Doug Kass renewed his attack on Berkshire Hathaway, placing another bet against the stock by going short again yesterday and writing critically today about "some bombs in Buffett's book."
Some of the nation’s biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, the NYT reports.