Home » Archive for October, 2010
Citigroup (NYSE: C) Surprises, Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM) Follow
During what was expected to be a dismal earnings season, positive news continues to come up. Today, Citigroup Inc. (NYSE: C) reported better than expected results, which ended up driving all financial stocks higher following a recent... More of this article »
Get a Free Audiobook with the “Audible.com/BB” Deal
Most people know that you can listen to audiobooks on your iPod, but you can also listen to audiobooks on your Blackberry. Because of a partnership between Research in Motion and Audible.com, you can get a free audiobook using the... More of this article »
Ford (NYSE: F) May Cut Product Line to 20 Models
Ford (NYSE: F) CEO Alan Mulally recently said that his company may reduce its total vehicle line-up to as few as 20 different models. When being asked about the Dearborn, MI-based company’s future line-up of models while addressing... More of this article »
JPMorgan Took in Most Investment Banking Fees YTD (NYSE: JPM)
JPMorgan (NYSE: JPM) took in the largest amount of fees from its global investment banking business amongst its competitors during the first three quarters of the year, despite seeing declines in its market share and revenue during... More of this article »
Ford (NYSE: F) Extends Sync API to Additional Developers
Ford Motor Co (NYSE: F) is releasing its software development kit for its Sync technology to a number of additional companies. To date, two internet radio providers, Pandora and Stitcher, as well as Twitter-application OpenBeak have... More of this article »
Morgan Stanley (NYSE: MS) Announces Q3 Conference Call
Morgan Stanley (NYSE: MS) plans to announce its third-quarter financial results on October 20th, 2010 before the market opens. The company will also have a conference call to discuss the results at 11:00 AM ET on the same date. The... More of this article »
Bank of America Gives $1 Million in Education Grants (NYSE: BAC)
Bank of America Corp (NYSE: BAC) gave announced that it would be giving $1 million in contributions to education initiatives in the Charlotte area, including $200,000 awards to Teach for America and Freedom School Partners as part... More of this article »
Citigroup Must Defend Suit Over Loan Documentation (NYSE: C)
New York-based Citigroup (NYSE: C) must defend a lawsuit relating to documentation over certain mortgage loans, a federal appeals court ruled The suit against Citigroup, Inc (NYSE: C)’s CitiFinancial Mortgage is only a small part... More of this article »
Soleil Securities Reiterates “Buy” Rating on Infinera Corp (NASDAQ: INFN)
Equities research analysts at Soleil Securities reiterated a “buy” rating on shares of Infinera Corp (NASDAQ: INFN) to $13.50 in a research note to investors on Monday. Infinera Corporation (Infinera) is a provider of optical networking... More of this article »
Citigroup and Wells Fargo May Halt Foreclosures, Gasparino Says (NYSE: C) (NYSE: WFC)
Wells Fargo & Co. (NYSE: WFC) and Citigroup, Inc (NYSE: C) may be the next two major banks to announced that they are going to suspend foreclosures, said Fox Business Network’s Charlie Gasparino on Monday afternoon. Bank of America... More of this article »
Ford Motor Co. (NYSE: F) Sees 27% Sales Increase in Africa and Asia
Ford Motor Co. (NYSE: F) announced on Monday that it saw a 27% increase in sales in the Asia-Pacific and African regions during the month of September as a result of strong sales in China and India and strong demand for its new Ford... More of this article »
JPMorgan Chase (NYSE: JPM) Set to Announce Earnings Wednesday, Bank of America (NYSE: BAC) and Citigroup (NYSE: C) to Follow
Expectations for third quarter earnings results remain tepid at best, following a series of equity researchers slashing earnings and price targets for many of the key banks. Nonetheless, we are at the dawn of earnings season, and the... More of this article »
Citigroup (NYSE: C) Pessimistic on Microsoft (NYSE: MSFT)
With the lagging economy, the market for luxury items is weak. Consumers are choosing to forego and delay major purchases that are not critical, which seems completely rational due to the rising unemployment and bleak economic outlook.... More of this article »
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM) and Others Halting Foreclosures, Markets Sag
When the banks foreclose, people get angry. Apparently, when they slow down or stop foreclosing, that angers the people as well. Following last week’s announcement that many of the major banks are suspending foreclosure sales while... More of this article »
Financials Lag S&P In Q3, Led by Bank of America (NYSE: BAC)
With the third quarter now complete, we can look back and more fully assess the state of the market and industries. Although financial stocks have drove the performance of the broad market for years, there was a clear divergence this... More of this article »
Goldman Sachs (NYSE: GS) Division Halts Foreclosures
Goldman Sach’s (NYSE: GS) mortgage-servicing business, Litton Loan Servicing LP, said that it will be halting some of its foreclosures to review how the documents are related to the cases are handled. “Litton Loan Servicing has... More of this article »
Analyst Says Anti-Trust Lawsuit Will Impact American Express’s Stock Price (NYSE: AXP)
An analyst at FBR Capital research believes that American Express’s (NYSE: AXP) stock price will be hindered by an anti-trust lawsuit brought on from the Justice Department. The analysts previously predicted that AXP’s stock would... More of this article »
Wells Fargo (NYSE: WFC) Reaches Settlement Over Deceptive Marketing Practices
Wells Fargo (NYSE: WFC) has settled charges related to deceptive marketing practices over certain mortgage products attorney generals in Arizona, Colorado, Florida, Illinois, Nevada, New Jersey, Texas, and Washington. State attorneys... More of this article »
Citigroup Ordered to Pay $12 Million to Actor Larry Hagman (NYSE: C)
Citigroup (NYSE: C) lost a ruling in a case against actor Larry Hagman, which will force the bank to pay $12 million in damages to Hagman who contended that a Citigroup broker mismanaged his and his wife’s assets. An arbitration... More of this article »
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Others Halting Foreclosures
Major Banks have announced recently that they are halting foreclosures while they review their handling of the process. Ally Financial, the institution once known as GMAC, was the first to initiate such an order, and now other banks... More of this article »
Goldman Sachs (NYSE: GS) Makes Donation to Carnegie Mellon
Carnegie Mellon University, the esteemed research institution based in Pittsburgh, announced today that they have received a $2 million donation from Goldman Sachs Group Inc.’s (NYSE: GS) philanthropic arm. Currently, Carnegie Mellon... More of this article »
Goldman Sachs (NYSE: GS) Optimistic on Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (NYSE:WFC), and JPMorgan (NYSE: JPM)
It’s always interesting to see how the banks rate each other. Often, the equity researchers for firms will publish news upgrading or downgrading key rivals, which always begets the question – how was this determined, and is it... More of this article »
JPMorgan Chase (NYSE: JPM) Invests in SunEdison
JPMorgan Chase & Co. (NYSE: JPM) has always been an innovator in the field. The House of Dimon pride’s itself on smart investments and sound business decision making, and along the way the firm has quickly become the model... More of this article »