cof
John Paulson, the hedge fund manager who made billions shorting subprime mortgages and financial stocks, established new long positions in banks and credit-sensitive stocks during the second quarter, SEC filings show. The Paulson & Co. hedge fund disclosed new holdings in Bank of America (BAC),...
Seeking to prove their financial health and escape heightened scrutiny by regulators, all ten of the banks approved last week to repay $68 billion worth of investments from the Treasury Department's bailout fund said they'd done so by the end of the day on Wednesday.
JPMorgan Chase (JPM), Goldman...
Banks announce repayment of $68 billion in TARP funds
1:30PM 6/09/2009
As expected, the Treasury Department said today that 10 of the nation's largest banks would be allowed to begin repaying funds borrowed under the Troubled Asset Relief Program. A total of $68 billion of taxpayer money will be repaid, relieving the banks of what some saw as onerous restrictions that...
Not a huge amount has been written about how much of a hit banks will take from charging off bad credit card loans. But the simple truth is that credit card loans are among the worst for banks since there is nothing there to seize as collateral if the borrower can't repay. So the people who don't...
Stocks in the news: Capital One, Intel, Target
9:00AM 5/11/2009
The following post rounds up the companies making headlines today:
Capital One Financial Corp. (COF), U.S. Bancorp (USB) and BB&T Corp. (BBT) are racing to repay government bailout funds after stress tests showed they wouldn't need additional capital to weather worsening economic conditions....
Capital One posts first quarter loss as delinquencies grow
8:00PM 4/21/2009
Capital One Financial Corp. (COF) reported a $111.9 million first-quarter loss as it added $124.1 million to reserves for sour loans. Shares of Capital One, which soared 12.5 percent earlier today, are declining some 9 percent in after-hours trading.
The per share loss was 45 cents, compared with...
Credit cards could be key to JPMorgan Chase earnings
3:30PM 4/15/2009
JPMorgan Chase (JPM), the largest U.S. bank by assets, reports its first-quarter earnings early tomorrow morning. Analysts are expecting profit of 32 cents a share, compared with a loss of 28 cents a share last quarter and a 68-cents-a-share profit a year ago. If surprisingly good results from...
Capital One (COF) today joined the growing list of major corporations drastically cutting their dividends. In fact, since the start of 2009, $40.8 billion less in dividend income will flow to investors thanks to dividend cuts by 41 corporations so far. Dividend cuts in the first quarter of 2009...
More Stories
Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.05 | -0.13 -1.59% | 55.20M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 27.54 | -2.20 -7.40% | 9.02M | |
| 29.56 | -2.43 -7.60% | 8.76M |
% Gainers
| 35.62 | +11.72 +49.04% | 4.56M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 10.50 | +1.10 +11.70% | 1.78M | |
| 84.74 | +8.35 +10.93% | 3.49M |
% Losers
DailyFinance Wire
- Walmart's New Health Food Push: Is It Too Hard to Swallow?
- Newlyweds, Don't Let the IRS Spoil Your Honeymoon
- Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
- Why Groupon Will Never Be Great Again
- Why Used Car Bargains Are Getting Harder to Find
- 5 Reasons Facebook Stock May Be a Better Buy Than You Think
- Department Stores Reveal Top Selling Valentine's Gifts
Newswire
- Greek Cabinet suffers second walkout
- Turbo-traders take Bank of America for a ride
- Stocks slide at the open as Greek deal is held...
- Trade deficit widens to $48.8 billion in...
- Obama call for manufacturing revival a tough...
- Feds investigate door fires in 2007 Camrys,...
- NYSE Euronext profit down on blocked merger...
- LA co. challenges Kodak move to dump theater...
- 2011 Trade Deficit Hits 3-Year High, Over $550 Billion
- Today’s Best Market Rumors (2/10/2012) Apple iPad, Google Entertainment
- Top Analyst Upgrades & Downgrades (ALTR, AMSC, BIIB, CELG, COH, CSTR, COP, FSLR, GILD, HAIN, MA, RF, TRLG)
- Morning Wire — US Stock-Index Futures Down Sharply
- Alcatel-Lucent Pulls a Rabbit Out of Its Hat on Earnings (ALU)
- The Digital Omnivore vs. the Couch Potato
- The New Homeowner Rescue May Come After Home Price Recovery
- Unemployment Is Worse Than Assumed
Follow Us
