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Market Closing : Stocks Spurred By Data, Deals To Snap Four-Day Slide

Mon, 05 Oct 2009 20:25:00 GMT

Stocks end up nearly 1% after a late-day charge returned the major averages to near session highs. Stocks also picked up the pace earlier in the day when two new economic reports added to the opening gains linked to mergers and acquisitions activity. Monday's performance snapped a four-day streak of declines seen on less-than- robust economic news.[More...]

Pre-Market: Stocks Called Higher At Open - Financials Among Standout Gainers After Analyst Note

Mon, 05 Oct 2009 13:15:00 GMT

Stock futures indicate a higher open after Friday's sharp, jobs-related sell-off. Financial shares are out in front after a positive note on large banks from Goldman Sachs.[More...]

ETF Preview: Bank Shares, Funds Dominate After Positive Goldman Note

Mon, 05 Oct 2009 12:39:41 GMT

Major market ETFs, including the SPY, DIA, UYG and others, are mostly firmer as the broader stock market looks to snap back, at least modestly, from Friday's sharp declines. Service-sector data are due out at 10 a.m. ET.[More...]

S&P Ratings Revision – A Pointer To Difficult Banking Environment In The U.S.

Thu, 18 Jun 2009 14:08:07 GMT

On a day when companies repay their debt in advance, their stocks on bourses should advance, but Wednesday (June 18) was not any other normal day.[More...]

Eastern Europe: Latvia Causes First Cracks

Thu, 04 Jun 2009 14:47:00 GMT

FN: We have passed thru the eye of the hurricane and the calm is about to be shattered. The first tremors of instability in Eastern Europe have revealed a few cracks in the Western European banking system... It all began when a bond auction in Latvia went "no bid". Basically it couldn't have been any worse. Latvia failed to sell about 50 million lati ($99.9 million U.S.) in Treasury bills at auction yesterday after receiving (really) no bids. Apparently there aren't enough lati to go around and this has driven the overnight lending rate (kind of like LIBOR) to a record 16.4%. This is bad. Very bad. Because it means the country can't fund itself. The original Bloomberg article was entitled: Latvia Fails in Treasury Bill Auction, Gets No Bids (Update2) This morning the same damn article was titled: [More...]

Smith Barney Bonuses Justified

Mon, 09 Mar 2009 20:57:00 GMT

Highlights include Citigroup, Inc. (C), Bank of America Corp. (BAC), Comerica Inc. (CMA), Regions Financial Corp. (RF) and Morgan Stanley (MS). Citigroup's Frugal but Important Reward to Its Smith Barney Brokers In light of the company's current share price, receipt of substantial capital infusions from the government, and 5 consecutive quarters of losses, Citigroup, Inc.[More...]

Financial Stability Plan, Take 2

Tue, 10 Feb 2009 18:29:00 GMT

The Financial Stability Plan (FSP) that was announced by Secretary of the Treasury Tim Geithner has some good elements in it, but is still lacking in specificity in a number of key areas. To see the fact sheet on the plan go to: http://www.financialstability.gov/docs/fact-sheet.pdf Among the better aspects of the plan are rules that limit common dividends to no more than $0.01 per quarter for firms that receive exceptional assistance, although the definition of "exceptional" was not specified. There is, however, a presumption that any bank receiving TARP 2.0 funds will also have their dividends restricted. There are also restrictions on share repurchase and acquisitions, although exceptions might be made by the banking supervisors. I think that would mostly be in cases where the FDIC shuts down another bank and is looking for someone to take over the branches and deposits. The compensation[More...]

What Should A 'Bad Bank' Pay?

Mon, 02 Feb 2009 16:33:00 GMT

The following post highlights these stocks: Goldman Sachs (GS), Berkshire Hathaway? (BRK.A), Wells Fargo (WFC), KeyCorp (KEY) and Comerica (CMA). The central problem to the "bad bank" solution is highlighted in this morning's New York Times http://www.nytimes.com/2009/02/02/business/economy/02value.html?_r=1. Consider the[More...]

Dow Crumbles, Below 8000 Again

Thu, 22 Jan 2009 17:29:00 GMT

Dow tumbled 262, decliners 6-1 over advancers & NAZ fell 60. On more dreary banking news, S&P 500 FINANCIALS INDEX is heading back down to the 108 low set 2 days ago. Value 113.95Change[More...]

Financial Stocks Lead The Movers On Wall Street: KEY, FITB, CIT, MTB, STI, CMA

Thu, 22 Jan 2009 14:51:00 GMT

The regional banks swung to fourth quarter losses as the financial crisis deepened, but most of the banks have acknowledged that they are under no illusions as to the severity of this credit cycle.[More...]

Rotten job market continues to dull glint of recovery

Sun, 22 Nov 2009 07:49:00 GMT

Nov. 22--They all remember the date.
For Irving's Waldo Burciaga, it was Feb. 2 -- the day he lost his job.
But Texas is on track to lose more jobs in 2009 than even the most pessimistic analysts expected at the beginning of the year.

: iStockAnalyst.com Symbols Feed

Market Closing : Stocks Spurred By Data, Deals To Snap Four-Day Slide

Pre-Market: Stocks Called Higher At Open - Financials Among Standout Gainers After Analyst Note

ETF Preview: Bank Shares, Funds Dominate After Positive Goldman Note

S&P Ratings Revision – A Pointer To Difficult Banking Environment In The U.S.

Eastern Europe: Latvia Causes First Cracks

Smith Barney Bonuses Justified

Financial Stability Plan, Take 2

What Should A 'Bad Bank' Pay?

Dow Crumbles, Below 8000 Again

Financial Stocks Lead The Movers On Wall Street: KEY, FITB, CIT, MTB, STI, CMA

Rotten job market continues to dull glint of recovery

UPI NewsTrack Business

Ponzi defendants tight-lipped in court

Detroit Free Press Susan Tompor Column: Time to Take a Peek 10 Years Down the Road

DART Rolls in New Era With Green Line Opening

Mobile Banking is a Mixed Bag

Business Climate Healthier in Ohio, Entrepreneurs Say

Detroit Free Press Susan Tompor Column: Credit Crisis Shows Signs of Easing

Analysis: Economic Recovery May Be Less Tough on Texas

Stocks pull back as investors worry about earnings

FHLB Dallas and Comerica Bank Award Partnership Grants to Three Dallas-Based Nonprofit Organizations

Comerica Bank Goes 'Green' in Continuing Arizona Expansion ; New Banking Center Opens in Camelback Corridor, to Be Followed By Chandler, Goodyear and Scottsdale

Comerica Bank Announces Monthly Index to Track California's Economy

Comerica Bank Announces Monthly Index to Track California's Economy ; Dana Johnson, Comerica Chief Economist, Says Comerica California Economic Activity Index Shows That the State's Economy is Rebounding

California Economy Rebounding in July, Reports The Comerica California Economic Activity Index

Michigan Economy Ticks Up in July Reports Comerica Bank's Michigan Economic Activity Index

BenchmarkJournal.Com Free Analyst Review for CIT, IGT, KEY, UNP, AZO and CMA

Auto Affordability Remains Near Index Best, Comerica Bank Chief Economist Reports

Michigan Tourism Index Swings Upward in Second Quarter Reports Comerica Bank

Michigan Tourism Index Swings Upward in Second Quarter Reports Comerica Bank

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: Wolf Jacquelyn H (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: Ogden Thomas D (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: GUMMER CHARLES L (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: GREENE DALE E (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: FULTON J MICHAEL (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: FARMER CURTIS C (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: Duprey David E (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: BILSTROM JON W (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: BERAN JOHN R (10K)

Form 4 COMERICA INC /NEW/ For: Nov 17 Filed by: Beck Mary Constance (10K)