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  • Market Worry: Consumer Contagion Coming? Wednesday, 31 Oct 2007 | 12:36 PM ET

    Despite the positive economic news, there is concern about the consumer out there. Morgan Stanley just downgraded large cap banks like Citi, Bank of America, and Wells Fargo; the note was ominously titled, " Consumer Contagion Coming."

  • Bank of America Quits Wholesale Mortgage Business Thursday, 25 Oct 2007 | 7:01 PM ET
    Bank of America branch, New York City.

    Bank of America on Thursday said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.

  • Wachovia Shares Slip on Profit Drop Friday, 19 Oct 2007 | 3:45 PM ET
    A Wachovia branch bank is shown in a Charlotte, N.C. file photo from July 20, 2006. After a rough year, the banking industry appears headed for another in 2007. (AP Photo/Chuck Burton, File)

    Wachovia on Friday posted a 10 percent decline in quarterly profit, missing forecasts, amid $1.3 billion of write-downs at its investment banking unit. Also: All about Wachovia's $7 billion potential headache.

  • Stocks End Lower on Bernanke's Warning on Economy Tuesday, 16 Oct 2007 | 4:20 PM ET

    Stocks fell after Fed Chairman Ben Bernanke said the housing slump is likely act as a drag on to U.S. economic growth, sparking investor concerns. "It was just last month Bernanke was saying things were contained, but now he's saying housing troubles can spread," said Brian Hicks, president of Wealth Daily. "This-flip flop in the last month has really spooked the markets."

  • Fed Rate Cuts: Can They Help Financials? Tuesday, 16 Oct 2007 | 4:02 PM ET

    Today's disappointing earnings commentary from regional bank giants Wells Fargo and KeyCorp drove many regional banks to new lows. Analysts note that many banks are facing slowing loan growth, weak deposit growth, and potentially higher losses on residential and (in some cases) commercial mortgage.

  • Wells Fargo Profit Growth Slows on Credit Pressures Tuesday, 16 Oct 2007 | 3:49 PM ET
    A Wells Fargo bank branch in downtown San Francisco.

    Wells Fargo & Co, the fifth-largest U.S. bank, said Tuesday third-quarter profit rose 4 percent, a smaller increase than normal, as increased consumer and business lending helped offset credit pressures from home equity and auto loans.

  • Stop Trading!: Fluor Power Tuesday, 16 Oct 2007 | 3:32 PM ET

    Cramer said this stock was the best way to play infrastructure growth in the Middle East.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Bonds Rise on Renewed Credit Market Worries Tuesday, 16 Oct 2007 | 12:54 PM ET

    U.S. government bond prices rose Tuesday as worries about credit markets and slipping equities prompted investors to seek the safety of Treasurys.

  • Market's Problems: Financials, Steel, Homebuilders Tuesday, 16 Oct 2007 | 11:01 AM ET

    The problems today: 1) Financials. For a view of why traders are now very worried about Q4 earnings for financials, look no farther than KeyCorp. Q3 earnings and Q4 guidance were both below expectations; there were strains from fixed income markets particularly in commercial real estate, and rising problems with residential construction loans.

  • Bernanke Speech Dominates Street Talk Tuesday, 16 Oct 2007 | 8:57 AM ET

    My thoughts this Tuesday morning: 1) Ben Bernanke's speech widely discussed on the Street this morning. Traders wondering why he didn't talk about energy and food prices; further evidence that core inflation is what matters to the Fed.

  • Subprime Still Dominates Markets, Banking Monday, 15 Oct 2007 | 8:55 AM ET

    Here are my thoughts this Monday morning: 1) Citigroup's earnings were about in line with their own drastically reduced guidance they gave a couple weeks ago. Fixed income was poor as expected, and consumer delinquency rates continue to uptick. International posted strong revenue growth (up 30%) Conference call at 8:30.

  • Week Ahead: Earnings Tell Two Tales Friday, 12 Oct 2007 | 9:23 PM ET

    By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.

  • Wells Fargo And The Press Conference Thursday, 11 Oct 2007 | 11:38 AM ET

    I have spoken to a representative of Wells Fargo this morning, who is very concerned that my blog of yesterday is inaccurate. She says that the WF official at the event did have to leave for a meeting with two senators for which he was running late, and that he was not trying to avoid answering questions.

  • The Treasury Secretary Takes on the Mortgage Meltdown Wednesday, 10 Oct 2007 | 2:47 PM ET
    Treasury Secretary, Henry Paulson

    I rushed into work this morning, after massive flight delays getting back from Michigan last night, because I was eager to hear what the Treasury Secretary and our nation's top mortgage lenders had accomplished in the struggle to save thousands of cash-strapped mortgage borrowers.

  • Stop Trading!: Buy the Banks Monday, 8 Oct 2007 | 11:03 AM ET

    If you believe we hit a bottom, Cramer has some recommendations for you.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Stop Trading!: Buy Banks Friday, 21 Sep 2007 | 3:32 PM ET

    When it comes to these stocks, you can't fight the Fed.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Sell Block: Trading the Rate Cut Thursday, 20 Sep 2007 | 9:32 PM ET

    Every investor must keep his strategy in step with the Fed. Here's how to play the banks after Tuesday's unexpected decision.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Wells Fargo Chairman Sees Mortgage Recovery Wednesday, 19 Sep 2007 | 2:20 PM ET

    Wells Fargo Chairman Richard Kovacevich said Wednesday the U.S. mortgage industry will recover following further short-term pain, led by better-diversified lenders less exposed to market vagaries.

  • Some ATM Fees Hit $3 as Banks Hunt for Revenue Thursday, 13 Sep 2007 | 2:08 PM ET

    Bank of America has raised the fee it charges non-customers to withdraw cash from most of its automated teller machines to $3 from $2, a move that may prompt rivals to follow.

  • Paulson Asks Lenders to Help Homeowners Wednesday, 12 Sep 2007 | 2:14 PM ET
    United States Treasury Secretary Henry Paulson

    U.S. Treasury Secretary Henry Paulson said on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of interest rate resets and urged lenders to help troubled borrowers.