BAC
| 8:30AM 10/03/2011
The bad news is that the stock market, as measured by the S&P 500, sits at 1,131, a low point it hasn't traded near consistently since late 2009. The worse news is that there's every reason to believe it will decline further to below 900, back to levels it hit around March 2009.
| 9:00AM 9/09/2011
Bank of America (BAC) may cut 40,000 workers in an attempt to show investors that its management has the discipline to run the firm that many believe is in too many businesses. It is another example of how deep cuts in the private sector, combined with public sector downsizing, could undermine...
| 4:00PM 8/11/2011
A year after the Federal Reserve enacted new rules to rein in abusive bank overdraft practices, fees remain high and some institutions actually have slapped on additional penalties, according to a new survey by the Consumer Federation of America.
| 2:05PM 8/08/2011
Standard & Poor's downgraded the U.S. debt rating for the first time on Friday. Coming on top of concerns of a second recession, the move has investors worried that we're headed into a bear market for stocks. Here's what that would look like.
| 12:00PM 5/17/2011
Street Directory recently made the argument that if investors want some degree of price stability, they should buy stocks which have heavy daily trading volumes. But what if an investor prefers the potential of sharp moves up or down that comes with a stock whose normal daily volume is modest?
| 10:30AM 4/08/2011
The average person may find it hard to imagine what big company CEOs do to justify their massive pay packages. Shareholders often ask a similar question: Why pay executives so much when the returns they produce are often so modest? But that's a question that doesn't apply to JPMorgan Chase CEO Jamie Dimon.
| 6:30AM 3/10/2011
Citigroup is the most-shorted stock on any major U.S. exchange. Its position at the top of the pack is due to the bank's stock price and ongoing concern about its balance sheets and mortgage foreclosure practices.
| 4:15PM 3/08/2011
After a rough opening session on Monday, stocks rebounded sharply on Tuesday. The Dow enjoyed a triple-digit gain after oil prices eased and bank shares bounced higher on the possibility of further dividend payouts and share buybacks.
| 4:20PM 2/22/2011
The Dow suffered a steep triple-digit loss Tuesday as turmoil in Libya ignited a global sell-off in stocks. Oil prices rose sharply, as did safe-haven assets such as Treasurys and the dollar. Disappointing news from Walmart didn't help matters.
| 4:30PM 2/16/2011
Warren Buffett's Berkshire Hathaway liquidated its positions in a number of high-profile companies during the fourth quarter, but the Oracle of Omaha has hung on to his huge stake in Coca-Cola. And Coke's nearly 4% drop is a weight on Buffett's portfolio.