As of this morning, just over 10% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Financials continue to lead the weakness today on the heels of Bank of America’s earnings report. In late-morning trading, B of A and Citigroup are now down 15 percent each, while many other regional banks are 11 to 15 percent lower.
Warren Buffett says you should judge a banker by how they bank, not by their speeches or PR: "It's what they do and what they don't do. And what Wells (Fargo) didn't do is what defines their greatness." Buffett tells Fortune's Adam Lashinsky that Wells didn't do "dumb things" just because all the other banks were doing them.
Bank of America reported that first-quarter profit nearly tripled, thanks largely to its purchase of Merrill Lynch. But the financial giant's results also contained a lot of questions that are worrying analysts Monday. CNBC's David Faber reported on these troubling questions.
President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, , the New York Times reported.
European markets and U.S. futures are lower this morning following weakness out of the financial sector as well as some poor outlooks from various U.S. companies.
Although down on the open this morning, the major indices are starting today with 6-week winning streaks behind them. The Dow, S&P 500 and NASDAQ are up 22.70%, 27.25%, and 29.31% over their respective runs. On a percentage basis, the indices are having their best 6-week rallies in years.
Stocks tumbled at the open Monday as investors braced for the next batch of corporate earnings. The Dow dropped more than 100 points, or 1.5 percent in the first few minutes of trading. The tech-heavy Nasdaq lost nearly 2 percent.
Don’t be surprised if the 113th running of the Boston Marathon turns into a sequel for Chariots of Fire. Only this time, it is anyone named Cheruiyot who is on fire. There's four-time Boston winner Robert Kipkoech Cheruiyot, Evans Cheruiyot and Robert Kiprono Cheruiyot.
US stocks looked set to drop at the open Monday as investors braced for the next batch of corporate earnings.
If the broader market continues to take its cue from the financials, investors have a good deal more information by which to judge the health of the banking system after Citigroup, JPMorgan and Goldman Sachs reported results this week and Wells Fargo's detail-light pre-announcement last week. Or do they?
In this Web Extra, the traders game next week's market moving events. How should you trade Bank of America, and Morgan Stanley with earnings on deck?
Stocks closed higher despite some selling in the final half hour of trading, giving the market its sixth straight weekly gain and its longest weekly winning streak since 2007.
For big banks like Citigroup, the first quarter of 2009 may turn out to be the best of the year.
Stocks got a quick pop Friday from a rebound in consumer sentiment to its highest level since September. But the bounce quickly slowed t o a dribble as earnings worries nagged at the market.
Goldman Sachs priced its stock offering at $123 per share, or 5.5 percent below its Monday closing price. The sale garnered some 50 percent of Goldman's TARP loan. What does this mean for the financial giant?
By mid-session Friday shares of Morgan Stanely were charging higher, with investors betting that this firm, could wow the Street when they report earnings, next week.
General Electric posted better-than-expected quarterly profit on Friday, and Jack De Gan, CIO of Harbor Advisory told CNBC that he remains bullish on the company.
Stock futures pared losses but continued to indicate a flat open Friday despite slightly better-than-expected first-quarter earnings results from Dow components Citigroup and General Electric.
Housing starts were below expectations, but futures still rose as some are saying jobless claims were not as bad as expected.