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Goldman Sachs (NYSE:GS) Slashes U.S. Payroll Estimate
After Goldman Sachs (NYSE:GS) seeing a report contradicting their original projections of U.S. payrolls adding 275,000 jobs for March, Goldman Sachs revised their numbers down 75,000 to 200,000. Job payrolls plunged in February by... More of this article »
Analysts Cut Earnings Outlook for Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS)
Analysts from different camps seem to be in agreement about Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) concerning earnings in the first quarter, and that is that they aren’t going to be that good for either company. Most... More of this article »
Is Richard Bove Too Bullish on Citigroup? (NYSE: C)
Earlier today, Richard Bove, a noted analyst from Rochdale Securities, told CNBC that Citigroup (NYSE: C) was a “buy.” In his recommendation, Bove said that the government would be able to divest itself of its Citigroup... More of this article »
Citigroup (NYSE: C) Long Term Stock Price Dependent upon Financial Reform, Not Government Stock Sale
As details emerge about the federal government’s pending sale of billions of dollars worth of Citigroup (NYSE: C) stock, many have raised questions about the stock’s outlook in the post-bailout world. The U.S. treasury purchased... More of this article »
Treasury Taking a Chance by Selling Citigroup (NYSE:C) Shares Incrementally?
There are a couple of ways to look at the decision by the Treasury Department to sell its stake in Citigroup, with one being somewhat positive and predictable, and the other having a lot of downside possibilities built into it. First... More of this article »
Morgan Stanley (NYSE:MS) Wins Business to Help Treasury Sell Stake in Citigroup (NYSE:C)
The Treasury Department announced they hired Morgan Stanley to help them sell their stake in Citigroup (NYSE:C), which they acquired under the TARP program after the bank received billions in aid from taxpayers. A number of companies... More of this article »
Will an Immediate Sale of Citigroup (NYSE: C) Stock from the U.S. Treasury Shortchange Taxpayers?
Many predict that the U.S. Treasury will soon divest itself from Citigroup (NYSE: C), but an immediate sale of the government’s 27% stake in Citigroup may short change tax payers. The federal government’s 27% ownership... More of this article »
Are Loan Modifications By Bank Of America (NYSE: BAC) & Others Really Helping Folks Keep Their Homes?
Loan modifications through the Housing Affordable Modification Program (HAMP) and various individual programs at many big banks have led to the reduction in monthly payments for millions of borrowers who were behind on payments. Bank... More of this article »
Goldman Sachs (NYSE:GS) In Long-Term Horizon to Repair its Reputation
It took many years for it to happen, but the collapse of the banking system and resultant recession provided the environment for pent up anger and endless negative press coverage to take its toll on Goldman Sachs (NYSE:GS). And while... More of this article »
U.S. Bancorp (NYSE:USB), New York Community Bank (NYSE:NYB) and PNC Financial Services (NYSE:PNC) Strongest Among Regional Banks Says Fitch
The market seems to have factored in most negative elements in relationship to the major banks, but there is a lot to come this year for regionals, and the strongest of them at this time according to Fitch ratings include U.S. Bancorp... More of this article »
Investors Continue to be Bullish on Goldman Sachs (NYSE:GS)
The populist uprising against Goldman Sachs (NYSE:GS) has done little to deter the bullish attitude of investors toward the company, and they continue to pour money into the financial institution, as confidence they’ll continue... More of this article »
Citigroup (NYSE:C) Shares Continue to Rise
It’s fun watching the Citigroup (NYSE:C) shares rise, as it reminds you of people making huge investments based on nothing but the herd mentality, as Citigroup has nothing happening to it that justifies the stock being bid up... More of this article »
Former JPMorgan (NYSE:JPM) Cazenove Partner Malcolm Calvert Convicted of Insider Trading
In a somewhat surprising finish to a high-level trial in Britain, former JPMorgan (NYSE:JPM) Cazenove partner Malcolm Calvert was convicted five counts of insider trading. The lawsuit was filed by the Financial Services Authority,... More of this article »
Is Investing in Citigroup (NYSE:C) a Fool’s Game at this Time?
While shares of Citigroup (NYSE:C) have had a nice upward swing lately, reaching its 2010 high of $3.81, and up by about 12 percent over the last several days, it seems a rather irrelevant event in my opinion, and nothing in the fundamentals... More of this article »
Union Pension Fund Sues Goldman Sachs (NYSE:GS)
The pension fund of the International Brotherhood of Electric Workers has sued Goldman Sachs (NYSE:GS), claiming the company paid their executives too much money, and are seeking to recover some of it for their shareholders. This isn’t... More of this article »
Wells Fargo (NYSE:WFC): HAMP a Disaster
In view of the disaster HAMP has become, Wells Fargo (NYSE:WFC) was recently asked by president of NAB Research when the program would end for them, considering they have about 15,000 people working on and in it. Nancy Bush, the NAB... More of this article »
Citigroup (NYSE:C) Hearing: “There is No Too Big to Fail”
After laying into Vikram Pandit about the size of Citigroup (NYSE:C) yesterday, and the need to take steps to shrink the company down to levels where they aren’t a hazard to the rest of the country, it got even more interesting.... More of this article »
Wells Fargo (NSYE:WFC) Economist: Housing Weaker than Believed to Be
Do you ever wonder why every time we hear some economic news that doesn’t line up with the official line, the term “unexpected” is used, as if the government or someone else is completely caught off guard by it. That’s... More of this article »
Citigroup (NYSE:C) Survives Only Because of Government Support
A government watchdog talking to Citigroup (NYSE:C) Chief Executive Officer Vikram Pandit said the company would be in a far more difficult position if the government if the government essentially didn’t guarantee the company.... More of this article »
Former JPMorgan Chase (NYSE:JPM) Partner Malcom Calvert Battling Insider Trading Charges
The battle by Malcolm Calvert over charges he was involved with insider trading at the Cazenove unit of JPMorgan Chase (NYSE:JPM) continues in London, as his lawyer communicated to a jury in London that there wasn’t any evidence... More of this article »
Bank of America (NYSE:BAC) CEO Brian Moynihan Will Vote for Barney Frank in Upcoming Election
In a recent television interview, Bank of America (NYSE:BAC) Chief Executive Officer Brian Moynihan stated he will vote for Barney Frank in the upcoming election he faces, saying he liked how he handled both banking and consumer challenges... More of this article »
Wells Fargo (NYSE:WFC) Senior Economist: “Growth is going to be much more dependent on the private sector”
The recent disastrous economic reports for the U.S. Labor Department and Commerce Department confirmed the economy in the U.S. is far from turning around, and in fact the data show it’s struggling to wean itself form government... More of this article »
Why is Bank of America (NYSE:BAC) Stock Rising?
In light of the ongoing recession and continual bad economic news emerging from the Labor Department and Commerce Department, it’s definitely puzzling as to why Bank of America (NYSE:BAC) has become one of the investment darlings... More of this article »