In Monday's rally, the sector topping the tape was Financials, and leading the way were credit card stocks, notably American Express, Discover and Capital One. Read More
'Over the last year, the federal government has injected over $200 billion into approximately 600 financial institutions, and guaranteed over $300 billion of their troubled assets. Given the rapidly rising US budget deficit, what was the justification for such large bailouts, and what should be the rationale for bailouts in future financial crises?,' writes Pozen. Read More
Visa reported strong earnings that topped last year's and outstripped Wall Street forecasts. Craig Maurer, equity analyst at Calyon Securities, discussed his outlook on the firm and other credit card companies going forward. Read More
As of this past Friday, just over 10% of the S&P 500 companies had reported earnings. This week we will see roughly 30% more of the S&P report. Here's a look at which companies have had the biggest surprises so far... Read More
The problem for financials: the best have already reported. It's simple: Goldman Sachs and JP Morgan have reported, it doesn’t get any better than that. They are the highest quality companies. From here, the news will likely be tougher. Read More
It seems like the investors are struggling with a slew of tough questions about banks. But only one really matters; which bank should you own now? Read More