Tag Archive
Bove Says Sell Bank Stocks – US-FOREX.US
Dick Bove, vice president of equity research at Rochdale Research, thinks the banking industry is an attractive long-term investment, but for now he believes bank stocks are running on fumes and recommends investors take short-term profits.”The issue as I see it is that bank earnings will not improve in the third or even fourth quarter… »
Profit Potential – US-FOREX.US
A surge in earnings among S&P 500 companies may keep the stock rally going into the fall. That’s what economist Steven Wieting of Citigroup believes could happen as industrial companies ramp up production to meet a rebound in demand. The S&P 500 is up 15% in the last four weeks and nearly 50% from its… »
Friends Forever – US-FOREX.US
Like they say, fourth time’s a charm. The British investment firm Resolution has made another attempt to bid for the money-losing insurer Friends Provident, and this time a deal just might happen. The new terms stipulate that investors in Friends could receive 0.9 Resolution shares for each of their own; alternatively, the insurer’s 750,000 retail… »
Stock Rally Boosts Insurers Earnings – US-FOREX.US
Few industries benefit from rising stock and bond markets like insurance. Firms take in premiums from customers and pay most of that out as claims eventually. But until your home burns down, or your car gets sideswiped, the insurance company invests that money to earn a profit and most of it goes into stocks and… »
Blackstone Back In Black – US-FOREX.US
Wall Street analysts expect the Blackstone Group’s second-quarter earnings to reach 9 cents per share, but investors are hoping for something more from billionaireSteve Schwarzman’s publicly-traded private-equity firm.Investors appear to be confident about the Blackstone Group
’s quarterly report due Thursday. On Wednesday its stock rose 15.7%, a gain that followed Monday’s increase of 21.1%. William… »
MBIAs Split – US-FOREX.US
The housing industry appears to be working its way back to health, and investors will find out Thursday if the same can be said for bond insurer MBIA.Wall Street expects MBIA
to report a loss of 92 cents per share on Thursday. MBIA’s report will be followed Friday by fellow bond insurer Ambac Financial
which is expected… »
The Bank Killer – US-FOREX.US
It’s been on the lips of analysts, investors and bankers for months: commercial real estate. While the second wave of delinquencies, defaults and foreclosures could further harm the beleaguered banking industry, commercial loans are more complicated than home mortgages and some institutions will fare better than others, says Deutsche Bank analyst Richard Parkus.First, the bad… »
Nomura Profit Vindicates Lehman Gambit – US-FOREX.US
Nomura Holdings returned to profit for the first time in six quarters, helping Japan’s leading brokerage vindicate its decision to buy the Asian and European operations of failed U.S. investment bank Lehman Brothers.
In the three months ended June 30, Nomura Holdings
earned 118 million. Net revenue more than doubled to 3.1 billion.
Nomura last year snapped up… »
Stocks Finish Week With Strong Gains – US-FOREX.US
Stocks took another breather on Friday, pausing amid a broad rally that has seen the major indexes gain 11% in the last two weeks. Many U.S. companies have posted better-than-expected second-quarter earnings reports so far. The week’s final session saw drug and energy stocks rise, countered by disappointing results from tech giants like Microsoft and… »
How Ben Will Free The Banks – US-FOREX.US
Federal Reserve Chairman Ben Bernanke has tended to the largest banks in the U.S. the way a park ranger deals with an endangered species. He caught them, took them in and nursed them back to health. Now he has to release them back into the wild. He’s hoping for an easy transition.There are more than… »