New York Headquarters | Stock Market News & Stocks to Watch from StraightStocks

Bank Stock Outlook: Will First-Half Gains Give Way to Second-Half Pain?

Money Morning (July 29th, 2009) Writes:

[Editor's Note: After more than a year of chaos and controversy, some of the leading U.S. banks saw their stock prices soar during the second quarter. As part of its mid-year forecast series, Money Morning examines the outlook for U.S. banks for the rest of this year. To see earlier stories from our mid-year forecast series, please click here.] By Martin Hutchinson Contributing Editor Money Morning

Can U.S. bank stocks continue their winning streak?

In February, I analyzed the top 12 U.S. banks to determine whether they really needed $1.5 trillion in taxpayer-provided bailout capital. I concluded that only a few of those banks seemed to be in any danger of collapse, and actually recommended several.

Policymakers and the market later came to agree with me: The Standard & Poor’s 500 Financial Index has more than doubled from its March low and several bank stocks have posted triple-digit …

Tags for this Post:
acquired banking operations, Atlanta, Bank, Bank Of America, bank of america corp, Bank of New York Mellon, Bank of New York Mellon Corp., Bank Profits, Bank Stocks, bank stress tests;, Banking, BB&T Corp., bbt, Birmingham, bofa, Can U.S., Capital One Financial Corp.;, cent;, Charlotte, Cincinnati, Citigroup Inc, Cleveland, controversial government bank, Countrywide Financial Corp, editor, Federal Government, Fifth Third Bancorp, Final Look Forward, financial conglomerate, Florida, foreign-owned banks;, Goldman Sachs Group Inc, government finance ministers, GS, Hidden Gem, Investment Bank, Investment Banking, investment banking operations;, JPMorgan Chase & Co. Inc., major international player, Market Outlook, Martin Hutchinson Contributing;, Martin Hutchinson, Merrill Lynch, Mid-Atlantic, Midwest, Minneapolis, Money Morning, Morgan Stanley Inc., mortgage giant;, Mortgage Lender, National City Corp., nationwide player, New York, New York headquarters, No., Ohio, onetime investment banks;, operating, pain, Pennsylvania, Pittsburgh, pnc financial services group inc, profitable going forward, Regions Financial Corp, retail-banking giant, Sp 500, State Street, State Street Corp, Suntrust Banks Inc, Take Bank of America, The Bank of New York Mellon Corp, The Bear Stearns Cos., U.S. Bancorp, United States, USD, Virginia, Wachovia Corp, Washington Mutual Inc, wells fargo, Wells Fargo & Co., Winston-Salem

Posted in Market Outlook | No Comments »

China’s Threat, Stocks Soar, A Housing Solution and More!

Addison Wiggin (March 24th, 2009) Writes:

China calls dollar into question… why the red nation wants a new “international reserve currency”… Stocks boom… what happened the last time the Dow jumped 18% in 10 days…A smart way to solve the housing crisis… that will never survive Washington… Plus, signs of the times: UAE buys chunk of Mercedes-Benz, and a quiet change at AIG

So… here’s something interesting. The two biggest countries to have been left out of the “stimulus” spending due to the “Buy American” provision have come out in support of an IMF-controlled reserve currency in the last week.

Hmmnn… “What kind of international reserve currency,” asked Zhou Xiaochaun, head of the People’s Bank of China “do we need to secure global financial stability and facilitate world economic growth?”

With those words, Zhou added Beijing’s voice to the chorus begun by the Kremlin last week . “Beijing to

...

Tags for this Post:
Aabar Investments;, Abu Dhabi, AIU Holdings;, America, Beijing, central bank, China, Congress, contrarian profits, Daimler AG, Dow 30, Ewing Marion Kauffman Foundation;, Gary Shilling, Greenspan, International Monetary Fund, Judd Gregg;, Khadem Al Qubaisi;, Kuwait, Las Vegas, Market Commentary, Matt Drudge;, Miami, New York City, New York headquarters, Obama administration, oil trade;, Phoenix, Richard LeFrak;, San Francisco, SGD, UAE, United Nations, United States, USD, Washington, Zhou Xiaochaun;

Posted in Market Commentary | 1 Comment »

AIG Stock Up 38% Amidst Bonus Furor

Daniel Shepard (March 18th, 2009) Writes:

Wednesday March 18, 2009 Navivest

With all the furor over the insane bonuses AIG (AIG) insists on paying some of its employees with taxpayers’ money, we figured we’d take a look at how the shares are performing.

The stock at 1:17 pm is trading at $1.33 up $0.37, which while it does not sound like a lot, is a nice 38.54% gain even as the Dow and NASDAQ are trading to the downside.

Volume is an incredible 375,492,273, compared to the stock’s three-month daily average of 47,684,000. The company is supposedly looking at selling the building housing its New York headquarters at 70 Pine Street and another building at 72 Wall Street and that could possibly be the reasons for the shares being up.

Tags: aig aig stock aig bonus