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Unemployment Duration Still Rising

Fri, 04 Dec 2009 19:00:00 GMT

While we got some very good news with the employment report today (see "Unemployment Report - WOW!"), there was one part of the report that was very troubling. While it looks like the number of people entering the pool of unemployed is falling, once people are out of work it is extremely difficult for them to find new jobs.[More...]

Treasury Confiding In Markets To Sell The Warrants

Wed, 02 Dec 2009 15:35:00 GMT

On November 19, I posted an article titled ‘TARP Investments: Whatz The ROI For The Tax Payer?’ It was a pleasant coincidence that the U.S. Treasury announced that day its intention to dispose of several warrant positions received in consideration for investments made under the Capital Purchase Program (CPP).[More...]

Treasury Sells Capital One Warrants

Wed, 02 Dec 2009 15:01:36 GMT

The U.S. Treasury Department said on Tuesday that it will auction 12.7 million warrants to buy common stock of Capital One Financial (COF) on Thursday. This is the latest government effort under the Troubled Asset Relief Program (TARP) set up during the height of the financial crisis last year to shore up the financial system.[More...]

Goldman Believes Two-Thirds Of Financial Losses Realized, Completely Ignores Derivatives And FAS 166/167

Mon, 30 Nov 2009 16:06:39 GMT

"Bad loans = big losses" Golaman's most recent quantification of bank losses begins objectively enough, yet promptly devolves into yet another cheer fest for the financial system. GS promptly rehashes its estimate of "only" $2.1-2.6 trillion in bank losses, slighty adjusting the composition of loans it believes will go bad, while completely ignoring the onboarding of off-balance sheet liabilities (FAS 166-167) as well as any and all potential losses in the derivative realm, where Goldman itself is on the hook for tens of trillions in gross notional.[More...]

Can U.S. Bank Stocks Double Again In 2010?

Tue, 24 Nov 2009 12:51:49 GMT

In February 2009, I reviewed the operations of the 12 largest U.S. banks, and concluded most of them were sound.[More...]

Treasury To Auction TARP Warrants

Fri, 20 Nov 2009 14:04:31 GMT

After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program.[More...]

Bernanke Frets About The Dollar

Tue, 17 Nov 2009 20:55:18 GMT

I wrote yesterday I thought markets had focused on the positive on Friday and that appears to have been even more the case overnight. To be fair, yesterday’s 1.2% QoQ rise in Japanese GDP in Q3 was a positive surprise (although this still leaves output down 4.5% YoY). But I wasn’t overly impressed with the stronger than expected 1.4% MoM gain in US retail sales in October, coming as it did after a revised 2.3% MoM decline in September (previously reported as a 1.5% mom decline).[More...]

Strong Earnings Reports Continue To Surpass Expecations

Fri, 23 Oct 2009 16:03:23 GMT

The market is lower this morning, despite another large batch of better than expected earnings reports. I covered the Amazon.com (AMZN) earnings report for TheStreet.com (will post later), and they were the biggest standout. The stock is rocketing +23% higher this morning on their blowout earnings.[More...]

Capital One (COF) Beats, Finally Profits

Fri, 23 Oct 2009 13:40:30 GMT

Capital One’s (COF) third quarter net income from continuing operations of $1.03 per share was substantially better than the Zacks Consensus Estimate of 11 cents. This also compares favorably with a net loss from continuing operations of 64 cents in the prior-year quarter.[More...]

Bank of America Vows Not To Hike Card Rate

Wed, 07 Oct 2009 20:43:19 GMT

Bank of America Corporation (BAC) said on Tuesday that it will not raise rates or change terms on consumer credit card accounts before the new law (CARD Act) intended to reform industry practices takes effect early next year.[More...]

Treasury gets $146.5M for Capital One warrants

Fri, 04 Dec 2009 22:48:00 GMT

WASHINGTON - The Treasury Department said Friday it received $146.5 million for the warrants of Capital One Financial Corp. in the first auction of the warrants the government received as part of the $700 billion financial system bailout.
Capital One stock closed trading Friday at $37.92 Friday, up from Thursday's close of $36.92.
The government had received nearly 12.7 million warrants in return for providing Capital One $3.56 billion in support from the financial rescue fund in November 2008 at the height of the financial crisis.

: iStockAnalyst.com Symbols Feed

Unemployment Duration Still Rising

Treasury Confiding In Markets To Sell The Warrants

Treasury Sells Capital One Warrants

Goldman Believes Two-Thirds Of Financial Losses Realized, Completely Ignores Derivatives And FAS 166/167

Can U.S. Bank Stocks Double Again In 2010?

Treasury To Auction TARP Warrants

Bernanke Frets About The Dollar

Strong Earnings Reports Continue To Surpass Expecations

Capital One (COF) Beats, Finally Profits

Bank of America Vows Not To Hike Card Rate

Treasury gets $146.5M for Capital One warrants

With ?Cyber Monday? approaching, online scams proliferate

Business Highlights

Polish workers do well abroad

BankUnited pins its comeback on a cheeky recruiting campaign: BankUnited, back from the brink, has launched a brazen campaign to lure management talent and business from its Florida competitors.

AFI: Toxic Recipe Puts Bankers in a Stew

AmEx reports 22 percent decline in 3Q profit

Capital One posts first profit in a year

Citigroup, Nokia, Capital 1, Safeway big movers

Big Ten announces 2010-13 bowl deals

Holiday Shoppers Urged to Beware of Scams and Identity Theft

Capital One CEO Enters into Pre-Arranged Stock Trading Plan

Hot Stock to Watch: Sunwin International Neutraceuticals -- October 26, 2009

Capital One Bank Appoints New Texas Leadership

Capital One Bank Appoints Ricky Otey to New Regional Branch Distribution Leadership Team

Capital One Announces Quarterly Dividend

Coventree Discloses Receipt of OSC Enforcement Notices

Capital One Reports Net Income of $224.2 Million, Excluding the Impact of TARP Preferred Shares Redeemed in the Quarter

Capital One Bank Celebrates New Brooklyn Branch

Herald National Bank Announces Election of Raymond A. Nielsen As Executive Chairman

Form 4 CAPITAL ONE FINANCIAL For: Dec 03 Filed by: Schneider Ryan M. (10K)

Form 4 CAPITAL ONE FINANCIAL For: Oct 27 Filed by: Schneider Ryan M. (10K)

Form 4 CAMPBELL E R BO For: Sep 15 (10K)

Form 4 CAPITAL ONE FINANCIAL For: Oct 23 Filed by: Schneider Ryan M. (10K)

Form 4 CAPITAL ONE FINANCIAL For: Oct 26 Filed by: PERLIN GARY L (10K)

Form 4 CAPITAL ONE FINANCIAL For: Oct 23 Filed by: Alexander Robert M. (10K)

Form 4 PERLIN GARY L For: Sep 17 (10K)

Form 4 Schneider Ryan M. For: Sep 10 (10K)

Form 4 Schneider Ryan M. For: Sep 09 (10K)

Form 4 CAPITAL ONE FINANCIAL For: Aug 14 Filed by: FAIRBANK RICHARD D (10K)