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Wall Street Surges On Strong Economic Data, Boeing (NYSE: BA) Rallies

Thu, 05 Nov 2009 22:29:19 GMT

US stocks rallied on Thursday as upbeat economic data and better-than-expected revenue forecast from Cisco bolstered investor confidence.[More...]

STEC Inc (NASDAQ:STEC): Colour On Quarter - Setting Up For A Bounce?

Wed, 04 Nov 2009 12:56:07 GMT

Wanted to highlight some comments on STEC Inc (NASDAQ:STEC) following results (stock was down 30% in after hours trading): - Needham says they remain positive about enterprise SSD opportunity in 2010, but recognize that the EMC inventory overhang clouds the story temporarily. Despite this dynamic, they are comfortable with at least $2 in earnings power for 2010, leaving the stock compelling following the overreaction to 3Q/4Q earnings.[More...]

Wall Street Gains On Upbeat Economic Data, American Express (NYSE: AXP) Rallies

Mon, 02 Nov 2009 21:59:37 GMT

US stocks finished higher on Monday as better-than-expected housing and manufacturing data sparked a rally in financial and technology shares.[More...]

Continued Corruption On Wall Street Is Sapping Investor Confidence on Main Street

Mon, 02 Nov 2009 20:58:05 GMT

A couple of days ago, I caught an episode of the American Experience on my local PBS station that covered 1929 stock market crash. The episode in question had premiered in 1990, and featured first-hand accounts – as well as interviews – with historian Robert Sobel and economist John Kenneth Galbraith.[More...]

Here's A Technique To Help You Profit Like The Pros

Mon, 02 Nov 2009 18:44:57 GMT

When we left off last Monday, we were discussing a concern I had about the banks. I had recommended late the prior week (Oct. 22 to be exact, on "Morning GPS," a daily before-the-bell commentary for members of Options GPS), to sell off any long positions in the banks and to get a little short, as a pullback seemed likely.[More...]

Wall Street Tumbles As Financials Plunge, Bank Of America (NYSE: BAC) Sinks

Fri, 30 Oct 2009 22:05:35 GMT

US stocks finished with steep losses on Friday a decline in consumer confidence and consumer sentiment index spooked investors. A sharp selloff in financials also pressurized stocks.[More...]

Quantifying The Too Big To Fail Governmental Subsidy

Fri, 30 Oct 2009 15:25:57 GMT

Even as Tim Geithner was boldly lying today on national TV, claiming that he abhors the concept of too big to fail, and condemns moral hazard, behind everybody's back he, together with the entire Obama administration, was trying to pass a law that would shift TBTF from a temporary program into officially canonized law.[More...]

Does Ben Bernanke Have The Facts Right On Banking?

Fri, 30 Oct 2009 08:09:46 GMT

Ben Bernanke, chairman of the Federal Reserve, has stayed carefully on the sidelines while a major argument has broken out among and around senior policymaking circles: Should our biggest banks be broken up, or can they be safely re-regulated into permanently good behavior? (See the recent competing answers from WSJ, FT, and the New Republic).[More...]

NY Times' Andrew Ross Sorkin: Banks Look Stable But "There's Got to Be Another Leg Down"

Fri, 30 Oct 2009 00:27:44 GMT

JPMorgan, Goldman and Morgan Stanley recently reported whopping quarterly profits, perhaps signaling a record year for U.S. financial institutions -- only one year after the government offered $700 billion in life suport at American taxpayers' expense.[More...]

Sharp Rally Reclaims Much Of Recent Decline

Fri, 30 Oct 2009 00:11:36 GMT

The market had a very strong snapback rally on Thursday from a deeply oversold condition. The day started with a gap up. They pulled back, tested the intraday moving averages successfully and then exploded to the upside. At that point they settled into a shallower angle of ascent, but nevertheless stair-stepped their way higher all day. They did pull back in the last hour, but in the last 10 minutes snapped back once again to close not far off the session highs.[More...]

BofA took risks long before Merrill: In '07, CEO Lewis launched effort to ramp up loans, investment banking while still spending on deals.

Sat, 07 Nov 2009 11:47:00 GMT

Nov. 7--At a posh Florida resort in February 2007, Ken Lewis unveiled Bank of America's aggressive new strategy to a roomful of Wall Street analysts.
"We do not have to acquire to meet our financial goals," Lewis said.
And despite saying the bank didn't need to buy to succeed, Lewis launched a deal-making spree a few weeks later by agreeing to buy Chicago's LaSalle Bank for $21 billion in cash.

: iStockAnalyst.com Symbols Feed

Wall Street Surges On Strong Economic Data, Boeing (NYSE: BA) Rallies

STEC Inc (NASDAQ:STEC): Colour On Quarter - Setting Up For A Bounce?

Wall Street Gains On Upbeat Economic Data, American Express (NYSE: AXP) Rallies

Continued Corruption On Wall Street Is Sapping Investor Confidence on Main Street

Here's A Technique To Help You Profit Like The Pros

Wall Street Tumbles As Financials Plunge, Bank Of America (NYSE: BAC) Sinks

Quantifying The Too Big To Fail Governmental Subsidy

Does Ben Bernanke Have The Facts Right On Banking?

NY Times' Andrew Ross Sorkin: Banks Look Stable But "There's Got to Be Another Leg Down"

Sharp Rally Reclaims Much Of Recent Decline

BofA took risks long before Merrill: In '07, CEO Lewis launched effort to ramp up loans, investment banking while still spending on deals.

Evening Standard, London, market report column

Taxpayers risked trillions at height of crisis

Bonuses could jump 40 pct on Wall Street

Business Highlights

Only 2 of 11 area banks reported third-quarter losses so far

Who might replace Ken Lewis? The list keeps growing

Chase makes takeover official: Lender replaces signs, systems at former Washington Mutual branches

Faurecia to Acquire Emcon Technologies

The Almanac -- weekly

Galtstock Adds Suntech Power Holdings to Buy, Sell, Hold Portfolio

Chase -- Nevada's New 200-Year-Old Bank -- Adds Glowing Octagon to Las Vegas Lights

J.P. Morgan to Provide Global Custody and Securities Lending Capabilities to Jackson National's Variable Insurance Funds

J.P. Morgan to Provide Global Clearance Services to Regional Broker Hilliard Lyons

Washington Trust Announces Third Quarter 2009 Earnings

greenEPM Selects Applied OLAP's Dodeca Software to Accelerate Delivery of Its Environmental Performance Management Solutions

J.P. Morgan Appointed Depositary Bank for Banco Santander (Brasil) S.A.

JPMorgan Chase Declares Preferred Stock Dividend

J.P. Morgan Expands Projections & Simulations Service for Securities Collateral Management

J.P. Morgan Worldwide Securities Services Launches Portfolio Construction Tool

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

Form 4 J P MORGAN CHASE & CO For: Oct 23 Filed by: RAYMOND LEE R (10K)

Form 4 J P MORGAN CHASE & CO For: Sep 30 Filed by: MILLER HEIDI (10K)

Form 4 J P MORGAN CHASE & CO For: Oct 19 Filed by: Maclin Samuel Todd (10K)

Form 4 J P MORGAN CHASE & CO For: Oct 15 Filed by: MANDELBAUM JAY (10K)

Form 4 STALEY JAMES E For: Oct 14 (10K)

Form 3 Erdoes Mary E. For: Sep 30 (10K)

Form 4 CROWN JAMES S For: Sep 30 (10K)

Form 4 RAYMOND LEE R For: Sep 30 (10K)

Form 4 JACKSON LABAN For: Sep 30 (10K)