Stocks opened slightly higher, bouncing off a rough day Monday but moving hesitantly as an economic report showed consumer weakness continues to hamper growth.
Stocks are poised for a rebound at the start Tuesday, with investors dipping back into stock index futures following Monday's sharp declines.
Bill Losey is feeling confident enough about the health of the financial sector to begin recommending bank stocks to his clients.
In the world of banking, too-big-to-fail may be in the process of morphing into too-big-to-exist.
Has government involvement in the financial sector been beneficial to the largest U.S. banks? After the completion of the government’s bank stress tests, results showed that 10 out of the nation’s 19 largest banks need to raise ~$75 billion in capital to become more solvent.
US banking regulators released results of the stress tests on the 19 biggest American financial institutions, saying which banks need additional capital to survive a worsening of the economy
After months of speculation, the veil will be lifted on Thursday. What should you expect from the official results of the bank stress tests?
The financials were up on Wednesday after Washington seemed to take the market's worst-case scenario off the table.
As we get better economic news, stocks set the bar higher. I noted this morning that "less bad" was no longer good enough to move stocks forward, the new standard is "much less bad," and even that may not last long.
Cramer identifies his 'best in class' battery manufacturer and stocks in the transport industry, and explains his opinions on State Street.
The resilience of the market has been a puzzle to many who thought Monday's selloff was a sign the stock market would finally give up on its six-week rally.
Stocks ended higher Tuesday as investors were encouraged by comments from Treasury Secretary Tim Geithner that most banks are well capitalized.
Stocks turned mixed Tuesday as another wave of disappointing earnings news weighed on the market but tech stocks shined bright.
While indicating a modestly lower open earlier this morning, the markets turned around late in the morning on a strong rebound in financials and the digestion of a series of less pessimistic comments by corporate executives.
In intraday trading, stocks are rebounding off yesterday’s losses, and the brave bulls are out again on the banks.
The slumping economy negatively impacted many smaller companies that reported earnings on Tuesday. The following are some firms that reported earnings before the opening bell:
US stock index futures turned lower ahead of the open Tuesday after key corporate earnings sounded a note of caution for investors.
Markets are bracing for a landslide of earnings news Tuesday and more focus on the Treasury's bank bailout plans.
The Dow advanced Wednesday, boosted by an encouraging "beige-book" report from the Federal Reserve, a better-than-expected manufacturing report from the New York Fed and as Procter & Gamble raised its dividend. Techs remained underwater as Intel's lack of guidance rattled the sector.
There’s no doubt that banks are taking the brunt of the criticism and the populist media and politicians on both sides of the Atlantic are vilifying them. Their collective reputation is in shreds. Any business’ most important asset is its reputation.