The companies that reported earnings before the markets opened on Tuesday are: Citigroup, Forest Laboratories, Comerica, Delta Air Lines and TD Ameritrade.
U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector.
PRC property developer Evergrande Real Estate Group made history last week with a Rmb9.25bn (US$1.4bn) synthetic renminbi bond - the biggest to date in the fast-growing market.
An improving global economy, solid corporate earnings and even easing fears about euro zone debt have been more than enough to rationalise the rising hunger for riskier assets now prevalent on financial markets.
High-profile banking analyst Richard Bove said the U.S. banking sector is entering into a “golden age.” The financial strategist at Rochdale Securities explains that banks have so flush cash on their balance sheets that corporate earnings will grow by 20 percent annually over the next few years.
Tata Steel, the world's seventh-largest steel maker, said on Friday that it would hold on to its shares in Australian miner Riversdale, calling it a strategic stake.
The stockbroking arm of South Africa's Standard Bank is looking to boost its headcount, including equity analysts, following the end of a joint venture with Credit Suisse, senior executives said on Thursday.
Analyst Meredith Whitney, who has faced enormous criticism over her dire warnings about the likelihood of up to 100 U.S. municipalities defaulting this year, reiterated her call. She further warned that when the defaults commence, the muni bond market will witness a massive exodus.
Export-driven software services companies are set to report robust growth in quarterly earnings and a firm outlook, driven by an expected increase in clients' technology budgets.
The top after-market NYSE gainers on Monday are: Nautilus, KKR & Co, Stryker, Lennar and GATX. The top after-market NYSE losers on Monday are: The St. Joe Co, CBIZ, Headwaters, Advanced Micro Devices, MarkWest Energy and Alcoa.
Politicians now prefer to appoint JPMorgan executives to highly-visible positions rather than risk public outrage by choosing their Goldman Sachs counterparts.
BB&T CEO Kelly King speaks to IBTimes about taking advantage of the financial crisis (because of its status as a healthy bank) and the difference between BB&T and national banks like Citigroup.
IBTimes compiles a list of the greatest trades of all time with accompying information that explains the rankings.
The top pre-market NASDAQ stock market gainers on Thursday are: Lexicon Pharmaceuticals, ARM Holdings, XOMA, Microvision, Glu Mobile and Randgold Resources.
Gurgaon police on Tuesday registered a first information report (FIR) against Indian-born global chief executive of Citigroup Vikram Pandit and ten others in the $80 million Citibank fraud case in the north Indian state of Haryana.
Bruce Berkowit, president of Fairholme Capital Management has a huge stake in bailed-out insurance company American International Group (NYSE: AIG) which has just about doubled in price year-to-date (from just under $30 per share to just under $60).
The top after-market NYSE losers on Thursday are: Mueller Water Products, CareFusion Corp, LSI Corp, Constellation Brands, CONSOL Energy and Constellation Energy Group.
Unless the European Union (EU) formulates an effective response to the ongoing debt crisis in Europe, the continent faces a new wave of bank failures and a string of sovereign defaults, according to Willem Buiter, the chief economist at Citigroup.
A senior bullion logistics executive in Switzerland yesterday told BullionVault that shipments of Gold Bullion to China are running much higher – and have begun much earlier – to meet consumer demand for the Chinese New Year, which will start on 3rd Feb. 2011.
Renowned Wall Street analyst Meredith Whitney has warned that the U.S. may witness between 50 to 200 “sizeable defaults” amounting to “hundreds of billions of dollars” among municipal and state governments next year, which could derail the recovery.
The top after-market NYSE gainers on Thursday are Office Depot, Accenture, Salesforce.com and American Express. The top after market NYSE most active stocks are Citigroup, Boston Scientific, Sprint Nextel Corporation and Bank of America.
The top pre-market NASDAQ stock market losers are: Motricity, BSD Medical, American Capital, Aixtron, Vodafone Group, Logitech International, YRC Worldwide, Broadcom, AutoNavi Holdings, and Baidu.
