The results from the Federal Reserve stress tests were finally released lastThursday, and they show that the industry has come a long way in terms on balance sheet cleaning and...
Keep Reading →
March 12 - News
The wealth-building power of compound interest will never cease to amaze me.
Keep Reading →
March 12 - News
Shares of the nation's second largest bank by assets, Bank of America Corp (NYSE:BAC), are lower today as investors digest the results of last week's stress tests and anticipate...
Keep Reading →
March 12 - News
It's official: Banks have made a truly amazing recovery from those dark days of the financial crisis, and the Fed's recent stress test is proof positive of this fact.
Keep Reading →
March 12 - News
I sat down with former American International Group Inc (NYSE:AIG) chairman and CEO Hank Greenberg last week.
Keep Reading →
March 12 - News
Shares of banking powerhouse Wells Fargo & Co. (NYSE:WFC) reached a 52-week high on Monday.
Keep Reading →
March 12 - News
The Bank of New York Mellon Corporation (NYSE:BK) typically isn't one of the first big banks investors think of when they decide to plunk some of their hard-earned cash into financial...
Keep Reading →
March 12 - News
By late morning, it looks like the market is having another pretty good week.
Keep Reading →
March 11 - News
Stocks are positioned to extend their winning streak today despite disappointing news out of both Europe and China.
Keep Reading →
March 11 - News
Big banks are enjoying some heavy media attention lately as they power through Fed-induced stress scenarios designed to test their strength and mettle.
Keep Reading →
March 11 - News
Since the financial crisis, there's been a palatable and growing sense of discontent toward the so-called too-big-to-fail banks.
Keep Reading →
March 11 - News
Though we've passed over the cusp of March, I thought it still might not be too late to offer bank investors some sage advice for 2013.
Keep Reading →
March 11 - News
The Dow Jones Industrial Average (Dow Jones Indices:.DJI)'s meteoric rise last week overshadowed any big news from economic announcements.
Keep Reading →
March 11 - News
I took this on as a personal challenge.
Keep Reading →
March 11 - News
The Federal Reserve just released stress test results for the nation's largest financial institutions. It paints an altogether flattering impression of the U.S.
Keep Reading →
March 10 - News
In Apple Inc. (NASDAQ:AAPL)'s first quarter, decelerating growth rates and contracting margins spooked investors. Will the second quarter bring more of the same? Probably.
Keep Reading →
March 10 - News
Buoyed by positive employment data for the month of February released this morning, stocks opened significantly higher this morning, and the Dow Jones Industrial Average 2 Minute...
Keep Reading →
March 10 - News
It's been a big week not just for Wall Street -- what with the Dow Jones Industrial Average hitting a new all-time high -- but for Bank of America Corp (NYSE:BAC), too, which...
Keep Reading →
March 10 - News
Very strong figures on the employment front helped vault the Dow Jones Industrials upward in what could become the average's fourth straight day of setting new all-time record...
Keep Reading →
March 8 - News
All eyes have been on bank stocks this week as investors waited to hear of the results of the Fed's stress test results.
Keep Reading →
March 8 - News
On slide 14 of a 14-slide presentation that Citi provided for its shareholders after the release of the Dodd-Frank stress tests, the bank revealed that it did not ask the Federal...
Keep Reading →
March 8 - News
As expected, after continually purging its books of legacy issues, Bank of America Corp (NYSE:BAC) posted stronger capital ratios under the test's "severely adverse scenario," ...
Keep Reading →
March 8 - News
The financial sector is getting a big boost today, with gains that are mirroring the Dow Jones Industrial Average's heroic climb to new heights.
Keep Reading →
March 7 - News
The nation's six largest banks are in the spotlight right now, as the Fed-induced doomsday scenario reveals whether Bank of America Corp (NYSE:BAC), Citigroup Inc.
Keep Reading →
March 7 - News
At the end of 2010, the Basel Committee on Banking Supervision, an international consortium of banking regulators, finalized an updated set of guidelines for determining how much...
Keep Reading →
March 7 - News
Since Michael Corbat was named CEO of Citigroup Inc.
Keep Reading →
March 6 - News
Tomorrow afternoon, when the Federal Reserve announces the results of stress tests related to the Dodd-Frank Act, one thing important to every big bank CEO will be on the line...
Keep Reading →
March 6 - News
This article is aimed at exploring the details of Citigroup Inc. (NYSE:C)’s deal with Best Buy Co., Inc.
Keep Reading →
March 6 - News
Many bank stocks have recently filed capital plans with their regulators seeking increased shareholder payouts.
Keep Reading →
March 6 - News
Headquartered in quiet Winston Salem, North Carolina, BB&T Corporation (NYSE:BBT) avoided many of the pitfalls that ultimately plagued numerous regional banks across the country...
Keep Reading →
March 6 - News
This is a big week for banks.
Keep Reading →
March 6 - News
"Up, up, and away!" The classic Superman quote could well describe what's going on with Bank of America Corp (NYSE:BAC)'s share price.
Keep Reading →
March 6 - News
Billionaire hedge fund manager David Tepper's Appaloosa Management hedge fund returned some 30% in 2012, earning Tepper a cool $2.2 billion.
Keep Reading →
March 6 - Hedge Funds
Just about everyone is waiting with bated breath to hear how some of the biggest banks make out when the Fed's stress test results are released tomorrow, with the Comprehensive...
Keep Reading →
March 6 - News
Wells Fargo & Co (NYSE:WFC) has been an American business icon since 1852 and has fueled economic growth since the Gold Rush.
Keep Reading →
March 6 - News
"You are what you measure." So said Citigroup Inc.
Keep Reading →
March 6 - News
This past week was a big week for economic announcements, and though there will be plenty of data released this coming week, bank investors should note that the information released...
Keep Reading →
March 5 - News
Warren Buffett, the Oracle of Omaha, has repeatedly said that the time to buy is when there is blood in the streets.
Keep Reading →
March 4 - News
In February many hedge funds filed their 13Fs for the fourth quarter of 2012.
Keep Reading →
March 4 - Hedge Funds
Bank of America Corp (NYSE:BAC) finished off the trading week on Friday with its head above water, possibly because of the release of its annual report.
Keep Reading →
March 4 - News
Last Friday, Berkshire Hathaway Inc. (NYSE:BRK.B) CEO Warren Buffett released his annual letter to shareholders.
Keep Reading →
March 4 - Hedge Funds
Last summer, Bloomberg's revelation that JPMorgan Chase & Co. (NYSE:JPM) received a de facto taxpayer subsidy of $14 billion made tongues wag for a time, but the subject eventually...
Keep Reading →
March 4 - News
Bank of America Corp (NYSE:BAC) and Citigroup Inc.
Keep Reading →
March 1 - News
The biggest winner in the Dow Jones Industrial Index this morning, Bank of America Corp (NYSE:BAC) is making a strong rebound as we move toward the weekend.
Keep Reading →
March 1 - News
Though estimates vary, it is widely accepted that no more than 400 to 500 managers control about four-fifths of the hedge fund world’s total asset base.
Keep Reading →
February 25 - Hedge Funds
This article is aimed at screening out three US money center banks which are trading below their intrinsic values and can provide investors with an upside.
Keep Reading →
February 25 - News
Mario Gabelli, a value investor who is founder, chairman, and CEO of Gamco Investors Inc. (NYSE:GBL) , recently spoke on CNBC during a Feb.
Keep Reading →
February 23 - News
Things were going so well.
Keep Reading →
February 22 - News
It's been a wild week for Citigroup Inc. (NYSE:C), as the big bank was busy hogging headlines for the better part of the week.
Keep Reading →
February 22 - News
