BlackRock, the world's largest asset manager, said first-quarter profits were steady, bolstered by strong inflows into its popular iShares exchange-traded fund business.
Federal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate, or forged documents, the New York Times reports.
Wednesday, 18 Jan 2012 | Posted By:
| Source: CNBC.com
Stocks closed near highs of the session Wednesday with the S&P finishing at its highest level since July 2011, buoyed by an optimistic report on Greece, which added fuel to an earlier rally after a better-than-expected housing market report.
Tuesday, 17 Jan 2012 | Source: The Associated Press
The government is trying to reduce the need for another Wall Street bailout by requiring banks to report how they are positioned to handle worsening economic conditions, such as increasing unemployment and falling home prices.
Wednesday, 7 Dec 2011 | Posted By:
| Source: CNBC.com
Stocks spiked in the final minutes of trading Wednesday following a report that the G20 is considering a $600 billion IMF lending program to euro zone, but came off their highs after the IMF denied the report. Investors were also closely waiting for the key EU summit at the end of the week.
Thursday, 17 Nov 2011 | Posted By:
| Source: CNBC.com
Instead of being hurt by the European debt crisis, US banks could actually end up benefitting from the turmoil across the Atlantic, analyst Dick Bove said.
Sterne Agee analyst Todd Hagerman on Monday said that he saw “10 to 15 percent further downside risk” to broker/dealer stocks, with “perhaps more for JPMorgan as the review [of the company’s trading losses] unfolds.” ... Read More
FBR analyst Paul Miller wasted no time on Thursday in downgrading JPMorgan Chase following CEO James Dimon's announcement of a $2 billion second-quarter trading loss.... Read More
Signs of a global economic slowdown are all investors need to take profit from financials, which are looking too expensive, according to Todd Hagerman, managing director at Sterne Agee... Read More
Private antitrust litigation pitting some five million retailers against several large banks has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multibillion-dollar shock to bank bulls in the coming months, TheStreet.com reports.... Read More