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Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC) Hid Debt Levels
Citing data from the Federal Reserve Bank of New York, the Wall Street Journal reported that 18 banks, including giant banks Citigroup (NYSE:C), Goldman Sachs Group (NYSE:GS), Morgan Stanley (NYSE:MS), J.P. Morgan Chase (NYSE:JPM)... More of this article »
Lending Club Hits New Record in Month Loan Demands
Lending Club, a company which offers a peer to peer lending marketplace to its customers, has reached a new monthly record in loan demand with applicants requesting to borrow more than $100,000,000 in personal loans during the month... More of this article »
Goldman Sachs (NYSE:GS) Claims They Didn’t Bet Against Clients
Goldman Sachs (NYSE:GS) has been under fire from assertions they had bet against their clients by decreasing their own exposure to mortgage-backed securities while at the same time selling them to their clients. Goldman continues to... More of this article »
Does Dick Bove’s Earnings Outlook Spell Trouble For Big Banks Like Bank Of America (NYSE: BAC)?
Well known banking analyst Dick Bove warned in a CNBC interview on Wednesday that earnings from the banking sector will likely disappoint in the first quarter. Bove, a financial strategist at Rochdale Securities, believes the expectations... More of this article »
Are Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) the Banks to Invest in?
We can’t escape the hoopla surrounding the alleged recovery of banks like Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC), but the question must be... More of this article »
Has Citigroup (NYSE:C) Really Turned Around?
From an investors point of view, the positive news about Citigroup (NYSE:C) and the alleged turnaround of the company is worrisome, as there is far too much hype about the great job chief executive officer Vikram Pandit has done at... More of this article »
Peer To Peer Lending Executives at Prosper Marketplace Take Salary Cut
Top executives at Prosper Inc, a peer-to-peer lending company, have taken significant cuts in pay in 2009 compared to their 2008 compensation levels, according to a new regulatory filing that th company made with the Securities and... More of this article »
Prosper Marketplace SEC Filing Admits Riskiness of Peer-to-Peer Loans
Prosper Inc, a peer-to-peer lending company, admitted that it loans are much riskier to investors than its marketing material might lead investors to believe in a new 10-K filing with the Securities and Exchange Commission last week. In... More of this article »
Is Goldman Sachs (NYSE:GS) Right that Chinese will Increase Value of Renminbi?
The announcement by China that President Hu Jintao will be visiting Washington in a couple of weeks makes one wonder if the idea thrown out by Goldman Sachs (NYSE:GS) that the Chinese were ready to increase the value of the renminbi... More of this article »
Wells Fargo (NYSE:WFC) Says Analysts’ Downward Revision of Earnings Closer to the Mark This Quarter
Wells Fargo (NYSE:WFC) analyst Scott Wren, who is senior equity strategist at Wells Fargo Advisors in St. Louis, said the downward revision of earnings by analysts should result in earnings estimates closer to reality than in the recent... More of this article »
Lending Club Vs Prosper – Which Company is the Largest Peer to Peer Lending Company?
Both Prosper Marketplace and Lending Club have made statements in the last day that they are the largest peer to peer lending company in the world. Prosper Marketplace released a statement on its blog asserting that it “maintains... More of this article »
Citigroup (NYSE: C) Says Mexico Debt to be Listed in World Government Bond Index
Citigroup (NYSE: C) said that Mexico’s bonds are eligible to be included in the New York-based bank’s World Government Bond Index in an emailed statement on Wednseday. Mexico “satisfies all three World Government Bond... More of this article »
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 »
Morgan Stanley (NYSE: MS) To Win Big in Government Sale of Citigroup (NYSE: C) Shares
Investment banking giant Morgan Stanley (NYSE: MS) will be a significant beneficiary in the US government plan to sell off its stake in Citigroup (NYSE: C) over the course of 2010. A contract between Morgan Stanley and the Treasury... 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 »
Prosper Marketplace Hits $1.8 billion in Loan Demand
Peer to peer lending company Prosper Marketplace has released their February loan statistics and have now reached a total loan demand of $1.8 billion. In a statement made by the company, Prosper asserted that it “maintains approximately... More of this article »
Prosper Marketplace Announces Series D Funding Round
Proper, a company that offers a peer-to-peer lending marketplace, has announced that it has entered into a letter of intent with new and existing investors for a Series D round of funding in the range of $13.3 million and $15.8 million. Prosper... 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 »
Lending Club Strategies: Maximizing Your Investment Return on Lending Club Loans
Lending Club has setup arrangements for more than $90 million in loans between borrowers and lenders during the last three years. No one can say for sure as to whether or not peer to peer lending is a fad in the world of financial... More of this article »
Lending Club Launches Photo Contest for Bing-Like Homepage
Peer to peer lending firm Lending Club took a cue from Bing (NYSE: MSFT) in its most recent website design by integrating a look and feel where the website’s background can be can be changed on a regular basis. Lending Club has... More of this article »