Jim Cramer's 'Mad Money' Recap: Seeing a Double Standard in Market Valuations
at The Street - Tue Jul 21, 7:23PM CDT
Cramer says Apple is in a tug of war between the bull and bears, and the bears seem to be winning.
RH: 102.83 (-0.29), BLK: 351.82 (-1.28), UTX: 102.71 (-7.77), C: 59.10 (+0.25), RTH: 78.09 (-0.33), YRCW: 13.32 (+0.42), UPS: 97.96 (+0.37), YHOO: 39.73 (+0.19), INSY: 42.03 (+0.06), JPM: 69.10 (-0.16), IBM: 163.07 (-10.15), CMG: 673.07 (-4.93), AAPL: 130.75 (-1.32), MBLY: 60.57 (-0.48), AMBA: 118.18 (+0.46), GPRO: 62.04 (+1.24), WLL: 25.29 (+0.23), BAC: 18.08 (-0.04), WFC: 57.95 (-0.10), TIF: 93.90 (-0.10), MS: 40.08 (+0.04), NFLX: 112.51 (+1.96), AA: 10.23 (+0.03), GS: 211.50 (-0.89), JWN: 78.28 (-0.62), CVX: 93.90 (+0.96)
Citigroup
at Investor's Business Daily - Tue Jul 21, 5:42PM CDT
Citigroup (C) was ordered to pay $700 mil to consumers it allegedly harmed via illegal billing and marketing practices. The Consumer Financial Protection Bureau also ordered Citi and its subsidiaries to pay $70 mil in penalties to regulators. Shares...
C: 59.10 (+0.25)
Business Highlights
By The Associated Press - AP - Tue Jul 21, 5:00PM CDT
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JPM: 69.10 (-0.16), PFE: 35.14 (-0.10), C: 59.10 (+0.25), AMGN: 163.70 (-0.64), BAC: 18.08 (-0.04)
Travelers Is Looking for Acquisitions; The Hartford Could Be a Target
at The Street - Tue Jul 21, 2:20PM CDT
Hartford Group has been caught in a flurry of takeover speculation, with its shares spiking on the heels of Chubb's acquisition of ACE. Some see Travelers as a potential suitor.
ACE: 103.88 (-0.34), C: 59.10 (+0.25), CB: 121.78 (-0.20), AIG: 64.00 (-0.04), BRK.A: 215,796.00 (-684.00), ALL: 67.70 (-0.01), HIG: 46.72 (+0.42), TRV: 104.48 (+1.87)
Citi to refund $700 million for deceptive card practices
By KEN SWEET - AP - Tue Jul 21, 5:30PM CDT
NEW YORK (AP) — Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices, the bank and federal regulators said Tuesday.
JPM: 69.10 (-0.16), C: 59.10 (+0.25), BAC: 18.08 (-0.04)
Banks for the Tech-Savvy Eliminate Everything But the Mobile App
at The Street - Tue Jul 21, 11:30AM CDT
App-only banks still have to convince prospective customers that their money is just as safe -- and just as real -- as it would be in a vault.
GS: 211.50 (-0.89), JPM: 69.10 (-0.16), C: 59.10 (+0.25), WFC: 57.95 (-0.10), BAC: 18.08 (-0.04)
Fed's 'Tough' Stance on Big Banks Isn't That Tough
at The Street - Tue Jul 21, 10:16AM CDT
The Federal Reserve is going to require the eight largest commercial banks to meet more restrictive capital requirements. Most already have, and they have until 2019 to do so anyway.
GS: 211.50 (-0.89), JPM: 69.10 (-0.16), C: 59.10 (+0.25), MS: 40.08 (+0.04)
Bullish Banking Earnings Drive Up These ETFs - ETF News And Commentary
Zacks Equity Research - Zacks Investment Research - Tue Jul 21, 6:30AM CDT
A great start to the earnings season put these financial ETFs in focus.
GS: 211.50 (-0.89), VFH: 51.47 (-0.09), JPM: 69.10 (-0.16), KBWB: 40.96 (+0.01), C: 59.10 (+0.25), BAC: 18.08 (-0.04), WFC: 57.95 (-0.10), IYG: 97.41 (-0.15), XLF: 25.39 (-0.03), MS: 40.08 (+0.04)
Top Credit Cards of 2015
Matthew Frankel, The Motley Fool - Motley Fool - Tue Jul 21, 5:04AM CDT
It is difficult to list the best all-around credit cards, because different consumers prefer different benefits. Some credit cards have excellent introductory interest rate offers, some are great for balance transfers, and some have the opportunity...
JPM: 69.10 (-0.16), COF: 91.71 (+0.27), AXP: 78.95 (-0.35), DAL: 44.65 (+0.56), C: 59.10 (+0.25), FICO: 93.67 (-1.26), BAC: 18.08 (-0.04), HOT: 84.24 (-0.55)
Morgan Stanley Q2 trading up
at Investor's Business Daily - Mon Jul 20, 5:40PM CDT
The N.Y.-based lender's Q2 EPS excluding items was 79 cents, beating views by 5 cents. Excluding accounting adjustments, revenue rose 12.2% to $9.6 bil, beating estimates of $9.1 bil. Trading revenue rose 32.4% to $3.5 bil. Fixed income and...
GS: 211.50 (-0.89), JPM: 69.10 (-0.16), C: 59.10 (+0.25), BAC: 18.08 (-0.04)
JPMorgan Hit Hardest Under Fed's $200 Billion Crisis-Prevention Plan
at The Street - Mon Jul 20, 5:30PM CDT
JPMorgan Chase will have to set aside the most capital reserves, about $66 billion, under a new Federal Reserve rule designed to help safeguard against another financial crisis.
STT: 79.95 (+0.15), GS: 211.50 (-0.89), JPM: 69.10 (-0.16), C: 59.10 (+0.25), WFC: 57.95 (-0.10), BAC: 18.08 (-0.04), BK: 44.15 (+1.17), MS: 40.08 (+0.04)
Fed directs 8 biggest US banks to hold extra capital
By MARCY GORDON - AP - Mon Jul 20, 3:11PM CDT
WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.
1 Comment
GE: 26.85 (-0.29), JPM: 69.10 (-0.16), C: 59.10 (+0.25), WFC: 57.95 (-0.10), BAC: 18.08 (-0.04), MS: 40.08 (+0.04)
Fed OKs $200 Bil Capital Cushion At Top 8 Banks
at Investor's Business Daily - Mon Jul 20, 2:35PM CDT
The Federal Reserve Board on Monday approved a final rule directing JPMorgan Chase (JPM) and seven other large U.S. banks to hold more equity capital at higher than current industry requirements. The move is designed to create a cushion against...
STT: 79.95 (+0.15), GS: 211.50 (-0.89), JPM: 69.10 (-0.16), C: 59.10 (+0.25), WFC: 57.95 (-0.10), BAC: 18.08 (-0.04), BK: 44.15 (+1.17), MS: 40.08 (+0.04)
Morgan Stanley Only Top Bank To See Q2 Trading Gain
at Investor's Business Daily - Mon Jul 20, 12:41PM CDT
Morgan Stanley (MS) was the only big bank to report an increase in trading revenue during the second quarter, helping the investment banking giant top forecasts. The New York-based lender earned 85 cents a share for a net income of $1.8 billion, down...
GS: 211.50 (-0.89), JPM: 69.10 (-0.16), C: 59.10 (+0.25), BAC: 18.08 (-0.04), MS: 40.08 (+0.04)
Morgan Stanley 2Q profit tops estimates, helped by trading
By KEN SWEET - AP - Mon Jul 20, 12:39PM CDT
NEW YORK (AP) — Morgan Stanley's second-quarter results topped Wall Street's expectations Monday, as the investment bank's trading and wealth management businesses helped lift revenue.
1 Comment
GS: 211.50 (-0.89), JPM: 69.10 (-0.16), C: 59.10 (+0.25), MS: 40.08 (+0.04)
Citigroup (C) Breaks Through Resistance at $58.98
Comtex SmarTrend(R) - Mon Jul 20, 12:31PM CDT
Citigroup (NYSE:C) has opened bullishly above the pivot of $58.66 today and has reached the first level of resistance at $58.98. Should the shares continue to rise, the resistance pivots of $59.21 and $59.76 will be of interest.
C: 59.10 (+0.25)
Blue Buffalo Pet Products Set For Mouthwatering IPO This Week - Stocks in the News
Zacks Research Staff - Zacks Investment Research - Mon Jul 20, 11:32AM CDT
Blue Buffalo Pet Products is set to price its IPO Tuesday, with public trade beginning on Wednesday.
BCS: 17.51 (+0.04), JPM: 69.10 (-0.16), C: 59.10 (+0.25), DB: 33.40 (-0.03), WFC: 57.95 (-0.10), MS: 40.08 (+0.04)
Stock Market News for July 20, 2015 - Market News
Zacks Equity Research - Zacks Investment Research - Mon Jul 20, 9:10AM CDT
Markets finished mixed as strong second quarter results from Google offset a slump in crude prices
DAL: 44.65 (+0.56), FB: 98.39 (+0.48), C: 59.10 (+0.25), BAC: 18.08 (-0.04), INTC: 28.72 (-0.38), YHOO: 39.73 (+0.19), GS: 211.50 (-0.89), EBAY: 28.60 (+0.03), JPM: 69.10 (-0.16), CHK: 9.29 (-0.98), EOG: 77.33 (-0.60), GOOGL: 695.35 (+2.51), MRO: 23.17 (-0.07), CVX: 93.90 (+0.96), AAPL: 130.75 (-1.32)