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Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) Leading Candidates for Underwriting General Motors’ IPO
With as much as $300 million in underwriting fees at stake, one of the largest paydays many years for investment bankers, Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) are reportedly among the leading candidates to land the underwriting... More of this article »
Citigroup (NYSE:C) Adds Metals Analyst Heath Jansen
Shoring up their mining and metals segment, Citigroup (NYSE:C) has hired Heath Jansen to manage the European metals and mining research unit of the bank, along with two others for their London office, who will also focus on the overall... More of this article »
Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) Slammed After Spain’s Debt Dowgraded
The Dow has given up its gains for the week, and financial stocks like Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are all down on... More of this article »
Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) Swaps Rise as U.S. Corporate Credit Risk Surges
Credit swaps for Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS) rose in May, with swaps for Goldman increasing 3.9 basis points to 170.8 basis points, and Citigroup swaps grew 2.7 basis points to 173.4 basis points. Buyers of credit... More of this article »
Analyst Says Goldman Sachs (NYSE:GS) Could Pay $621 Million to Settle SEC Fraud Suit
Sanford C. Bernstein & Co. analyst Brad Hintz said in a note to clients today that Goldman Sachs (NYSE:GS) could pay $621 million to make the SEC fraud charges against them go away. Hintz said the fine would be $250 million, and... More of this article »
Is Citigroup (NYSE:C) Better Than a $4 Stock?
Even though Citigroup (NYSE:C) and others with vested interest in them would like to believe they’re better than a $4 stock, I don’t think at this time that is the case, and in the short term it is doubtful they’ll... More of this article »
Bill Ackman Acquires Citigroup 150 Million Citigroup (NYSE:C) Shares
Bill Ackman is a well-known activist investor, and manages Pershing Square Capital Management, a large hedge fund, announced yesterday at a conference that he has acquired about 150 million shares of Citigroup (NYSE:C) over the last... More of this article »
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Deutsche Bank (NYSE:DB) Worst at Removing Debt Off Books
A report from the Wall Street Journal states that based on data gathered from the Federal Reserve, Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Deutsche Bank (NYSE:DB) are the worst offenders for removing debt from their books... More of this article »
Citigroup (NYSE:C) Bullish on Emerging Markets
Several Citigroup (NYSE:C) executives stated recently they’re very bullish on emerging markets, and valuations should be attractive based on a variety of factors related to growth. David Ratliff, MD & Head-Investor Sales... More of this article »
Citigroup (NYSE:C) Settles Cemetery Case for $1.5 Million
Citigroup (NYSE:C) agreed to pay $1.5 million to settle the case where they were accused of not properly supervising employees who were under suspicion over mishandling trust fund of cemeteries located in Tennessee and Michigan, by... More of this article »
Citigroup (NYSE:C), Bank of America (NYSE:BAC) Up Six Times by 2015 Says Dick Bove
Rochdale Securities analyst Dick Bove has been giving bank stocks a lot of love lately, and among the largest banks, he sees Citigroup (NYSE:C) and Bank of America (NYSE:BAC) exploding by six times what they are today by 2015. In a... More of this article »
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS) Being Forced to Lend to Failing ShoreBank?
Another political scandal is brewing in connection to the outrageous and controversial bailout of Chicago’s ShoreBank by Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Morgan Stanley... More of this article »
Is Goldman Sachs (NYSE:GS) Too Optimistic for Citigroup (NYSEC), J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)?
Goldman Sachs (NYSE:GS) upgraded Citigroup (NYSEC) from “neutral” to “buy,” while maintaining buy ratings on J.P. Morgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC). In light of the current economic conditions,... More of this article »
Citigroup (NYSE:C): Perfect Storm for Double-dip Recession
Citigroup (NYSE:C) Michael Hart stated what everyone is thinking, and that is we’re approaching a perfect storm which could bring about a ‘double-dip’ recession. Hart said, “The eurozone sovereign crisis, a worldwide regulatory... More of this article »
JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) Could Get Crushed by New Derivative Regulations
If the proposed new government regulations on derivatives remains in the financial reform bill passed on Thursday, large financial institutions like JP Morgan (NYSE:JPM), Goldman (NYSE:GS), and Morgan Stanley (NYSE:MS) could have earnings... More of this article »
Is SEC Fraud Case Against Goldman Sachs (NYSE:GS) Just a Shakedown? $1 Billion Settlement Just a Rumor
News has been spreading that Goldman Sachs is close to reaching a $1 billion, or possibly higher, settlement with the SEC. That’s a total rumor, based on some people reading far more into a statement by Goldman CEO Lloyd Blankfein,... More of this article »
Wells Fargo (NYSE:WFC) Warrants Sell For $849 Million
The U.S. Treasury is out trying to shore up its image today, as it attempted to make it look like it was saving a huge amount of money by selling their stakes in Citigroup (NYSE:C) and other companies they bailed out (even though it... More of this article »
Citigroup (NYSE:C) Performance Really Slashing Cost of Bailout?
It seems the announcement by the Treasury Department today that says the amount taxpayers will lose from the outrageous bailouts is far less that originally estimated, with Citigroup (NYSE:C), and other recipients of the funds, improving... More of this article »
Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Morgan Stanley (NYSE:MS) Could Get Crushed if Forced to Spin Off Swaps Desks
Now that the vote to close off debate on the huge financial regulation bill has passed by 60-40, voting on the bill will come very soon, and that raises concerns from banks like Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS),... More of this article »
Citigroup (NYSE:C) Credit Default Swaps Continue to Rise in Basis Points and Cost
With investors increasingly concerned over the outstanding debt in the secondary market, they are now demanding higher risk premiums, which is costing Citigroup a lot more money for its credit default swaps. A credit default swap will... More of this article »
Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Getting Crushed Under the Weight of Reality
The EU sovereign debt issue will remain on the table for some time with major financial institutions like Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC), are getting hit... More of this article »
Blood in the Streets for Citigroup (NYSE:C), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and JPMorgan (NYSE:JPM)
As the European sovereign debt crisis continues to unfold, it is increasingly obvious from the width and depth of the irresponsibility of all involved, that banks like Citigroup (NYSE:C), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC)... More of this article »
Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM) Awarded Build America Bonds by Pennsylvania
Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) are the recipients of Build America Bonds offered by the state of Pennsylvania, generating $1 billion for the commonwealth. The Bank of America part of the bonds are what is... More of this article »