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Whitney Cuts Estimates for Goldman, Morgan
Influential analyst Meredith Whitney lowered her earnings estimates on both Goldman Sachs and Morgan Stanley early Thursday.
09:30AM 12/17/09
The Financial Stock That Pays You Back
Since its IPO at $31 per share in 2007, the performance of The Blackstone Group's stock has been a disaster. But 2009 was a different story, and that may bode well for 2010.
07:00AM 12/16/09
Schwab Shares Slide on Weak Outlook
Charles Schwab gave a disappointing outlook for its fourth-quarter results early Monday, sending shares down more than 3%.
10:46AM 12/14/09
Ambac Mulling Ways to Get Back Above $1
Ambac said it's looking at ways to bring its share price back above a $1 in order to get back in compliance with NYSE listing standards.
03:18PM 12/11/09
Geithner Extends TARP Into October 2010
Treasury Secretary Timothy Geithner Wednesday told Congress he was extending the Troubled Asset Relief Program, or TARP, until October 2010.
10:31AM 12/09/09
JPMorgan Outlines Loan Losses, Hiring Plans
JPMorgan gave investors plenty to mull over in investor presentation materials posted on its Web site Tuesday, providing details on loan losses, dividend goals and hiring plans.
04:02PM 12/08/09
Bank of America's Offering Well-Received
Bank of America got a warm welcome for its secondary offering, managing to sell half a billion dollars more in securities than it was aiming for a a reasonable discount to its stock's current price.
09:50AM 12/04/09
Ambac Surges on Higher S&P View
Ambac Financial shares got a big bump after Standard & Poor's lifted its rating on the company's main operating unit.
10:10AM 12/03/09
Bank of America to Pay Back TARP
Bank of America said Wednesday it plans to pay back the federal government's $45 billion TARP investment with excess liquidity and a secondary sale.
06:43PM 12/02/09
Morningstar Wades Into Credit Ratings
Morningstar said Wednesday it's expanding into corporate credit ratings, a move that represents a shot over the bow for the current cadre of ratings agencies.
03:00PM 12/02/09
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