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Bank Failures – This Time We Dig Into The Facts

Sun, 08 Nov 2009 18:11:47 GMT

Yesterday’s five bank failures bring the number of banks to fail during this economic storm to 120. Should these bank failures come as a surprise? No, some were already slapped with a Cease and Desist order prior to the FDIC shutting them down. The FDIC never announces to anyone, not even to the bank being closed that they will be seized ahead of time.[More...]

Estimating Future Dividend Growth

Fri, 06 Nov 2009 23:21:36 GMT

Estimating future dividend growth is difficult if not impossible. Companies which might have had a long history of consistent double digit increases might stop raising dividends and might even cut them.[More...]

Goldman Sachs GS Threatens To Form Cradle Sell Signal

Fri, 06 Nov 2009 20:34:09 GMT

I’ve been watching Goldman Sachs (GS) closely as a barometer for financial stocks and thus the broader market for some time now, and the stock faces a critical area to overcome to continue on its upward trajectory.[More...]

Wells Fargo (WFC) Kicks The Can By Transofrming Option ARM Mortgages Into Interest Only

Fri, 06 Nov 2009 17:31:26 GMT

If you are not familiar with what an option ARM mortgage is, read this piece (Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?)). I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew about those.[More...]

Biostar Raises $3.6 Million

Fri, 06 Nov 2009 17:26:18 GMT

Biostar Pharmaceuticals has completed a private placement that raised $3.6 million in new capital. Biostar will use the proceeds to complete its new raw materials processing facility. By taking its raw material production in house, Biostar will lower costs and ensure its product quality. Biostar plans to sell excess raw materials to other pharmaceutical companies in the Shaanxi province.[More...]

Accounting At B of A And Fannie

Fri, 06 Nov 2009 17:21:37 GMT

Via Yves Smith, John Hempton analyzes the quarterly results of Bank of America (so-so) and Fannie Mae (terrible). The underlying issue is that bank quarter-to-quarter results are largely driven by the amount of provisions they take against future loan losses. You can think of this as a very rough approximation to marking-to-market — instead of waiting for the loans to default, you estimate how many loans will default in the future (that estimate should change as the economic situation changes) and put that amount of money into reserves. Then when the defaults actually happen, you take the money out of reserves.[More...]

Bulls Back On Track?

Fri, 06 Nov 2009 16:21:18 GMT

Good morning. With chants of "Dow 10K… Dow 10K" once again rising from the streets at the corner of Broad and Wall yesterday, it is easy to believe that the bulls are back on track and that we'll soon be looking at new highs for the stock market. And when reviewing the data inputs to yesterday's 204 point romp, it is also easy to don the Dow10K hat once again and join in on the celebration.[More...]

Ford's Main Problem: The UAW's Crippling Job Classifications And Work Rules

Fri, 06 Nov 2009 13:52:50 GMT

Ford's 2,215 page 2007 master contract with the UAW 1941 UAW-Ford contract[More...]

Bank of America Bearish Option Position Closed - Shares Rally

Thu, 05 Nov 2009 23:13:17 GMT

One investor banked profits today by unraveling a massive bearish credit spread established back on October 28, 2009. The trader’s decision to take profits ahead of expiration could be a bullish sign for BAC.[More...]

The Times Leader, Wilkes-Barre, Pa., Ron Bartizek column: Service work, spending won't bring success

Sun, 08 Nov 2009 17:48:00 GMT

Nov. 8--It's 2009, do you know where your job is?
Chances are the answer to that question is "in a service business," because that's where nearly 85 percent of workers in the labor market that includes Luzerne, Lackawanna and Wyoming counties earn their living, according to the Pennsylvania Department of Labor & Industry.
Still, the labor market area comprised of Luzerne, Lackawanna and Wyoming counties lost more than 5,000 service jobs over the 12 months through September.

: iStockAnalyst.com Symbols Feed

Bank Failures – This Time We Dig Into The Facts

Estimating Future Dividend Growth

Goldman Sachs GS Threatens To Form Cradle Sell Signal

Wells Fargo (WFC) Kicks The Can By Transofrming Option ARM Mortgages Into Interest Only

Biostar Raises $3.6 Million

Accounting At B of A And Fannie

Bulls Back On Track?

Ford's Main Problem: The UAW's Crippling Job Classifications And Work Rules

Bank of America Bearish Option Position Closed - Shares Rally

The Times Leader, Wilkes-Barre, Pa., Ron Bartizek column: Service work, spending won't bring success

St. Louis Post-Dispatch, Jim Gallagher column: Inflation's coming back _ but we don't know when

James Overstreet: Mortgage Crisis II looming?

EDITORIAL: Banks are too big, if too big to fail: Ignoring British example, Obama wants to prop up financial behemoths.

Owners, lenders offered a hand

BofA director flying high on perks of special deal: Former FleetBoston CEO Chad Gifford's jet travel cost bank more than $1million last year.

Morgan Stanley Smith Barney Hosts Reception and Special Presentation with Wall Street Veteran Carla Harris

Timothy Ryder Joins RW Smith as Midwest Regional Director

Wells Fargo Named Best Consumer Internet Bank in North America by Global Finance Magazine

Gramercy Capital Corp. Reports Third Quarter 2009 Financial Results

BNP Paribas Corporate and Investment Banking Hires for Fixed Income in New York

GeoMet Announces Borrowing Base Determined at $135 Million

Signature Bank to Present at Bank of America Merrill Lynch 2009 Banking and Financial Services Conference

Panasonic Announces Commencement of Tender Offer for SANYO Shares

Goldman Sachs to Present at the Bank of America -- Merrill Lynch 2009 Banking & Financial Services Conference

Form 4 POSTON DANIEL T For: Oct 30 (10K)

Form 4 FIFTH THIRD BANCORP For: Oct 30 Filed by: Kosch Gregory (10K)

Form 4 REYNOLDS PAUL L For: Oct 30 (10K)

Form 4 FIFTH THIRD BANCORP For: Oct 30 Filed by: Zink Terry E (10K)

Form 4 FIFTH THIRD BANCORP For: Oct 30 Filed by: Lee Bruce K (10K)

Form 4 SULLIVAN ROBERT A For: Oct 30 (10K)

Form 4 FIFTH THIRD BANCORP For: Oct 30 Filed by: KABAT KEVIN T (10K)

Form 4 ROSSOTTI CHARLES O For: Nov 01 (10K)

Form 4 RAYMOND LEE R For: Nov 02 (10K)

Form 4 RPC INC For: Oct 28 Filed by: PALMER BEN M (10K)