A provision prohibiting banks from keeping investments in CDOs backed by hybrid securities called trust preferreds ignited a controversy.» Read More
Regional banks like Zions and Huntington Bancshares have been weak all day. Regional banks continue to suffer from concerns about loan losses.
CEOs from several regional banks around the country told CNBC they are seeing some signs of “green shoots” in the housing market.
Big banks aren't the only ones under stress—their smaller competitors also need to raise billions in capital to meet tighter government standards but may have trouble doing so, some analysts believe.
As the markets look forward this week to the results of the stress tests, many believe the worst is past us and the rally will continue. Here is a look back at where many of the financials stand today relative to where they were just before Lehman Brothers went under.
Why are traders flooding bearish positions on Zions Bancorp on Tuesday?
The president’s more concerned with retribution than recovery, Cramer says.
Government bail-outs in the wake of financial wreckage have inundated news headlines across the globe. Capital injections by the government into leading American banks under the U.S. Troubled Asset Relief Program (TARP) have been redefined across multiple sectors. With so many institutions holding bad assets and seeking to tap TARP, a new index by the NasdaqOMX Group was introduced as the Government Relief Index (QGRI) to track the performance of U.S. listed companies that are participants of U.S. government sponsored relief programs such as TARP.
After yesterday's depressing results, it's pleasant to see a number of companies beat or coming in in-line with expectations; even guidance is not horrible today.
Cramer makes the call on viewers' favorite stocks.
For the week: Dow down 3.7 percent, S&P 500 down 4.5 percent, NASDAQ down 2.7 percent. The good news was that, on an options expiration day, most major sectors were to the upside.
The Treasury Department's $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.
We appear to have had a rare 90 percent upside day, where 90 percent of the volume was to the upside, and 90 percent of stocks to the upside.
Don't judge all financial stocks by the Lehman-AIG-Merrill meltdown. Commercial banks look strong and will get stronger, according to Richard Bove and Jack Bouroudjian. The expert strategists offered their recommendations to CNBC. (Part One)
Use this ramp-up in stocks to take profits, Cramer says. There’s no guarantee it will last.
With the fall of Lehman, the acquisition of Merrill and AIG's capital crisis, there are actually a number of financials that are up in the first half hour of trading. Here is the list of the S&P Financials that are winning and losing in the aftermath.
Despite all the trouble in financials right now, the sector as a whole has been outperforming since July.
On a wild week in the markets which saw Friday close off its lows as the Dow swung within an almost 200 point range, the markets all close in negative territory for the week by about 3% or more.
Earlier this week, we wrote about the highest yielding stocks on the Dow. The S&P 500 also has some nice yielding stocks. If you are worried about the financials being able to continue to pay thier big dividends (with Freddie Mac's big slide, its yield is now over 20%!), there are nearly 40 stocks on the S&P that are currently yielding 5% or more. Here's a breakdown.
As of this morning, 93 (just under 20%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...