Challenges in the mortgage industry took their bite out of Countrywide Financial's CFC first-quarter results. Nevertheless, we expect to modestly increase our fair value estimate as we transfer coverage to a new analyst. Earnings fell 35% from the prior-year quarter, to $0.72 per share. This ...
UPDATE: 10 biggest market-moving events this week
UPDATE: Bank of America settlement to create third-quarter loss
A large settlement with the Department of Justice resolves much of the bank’s crisis-era misdeeds, but it’s difficult to foresee a day when B of A and its peers are free of improprieties and the associated costs, says Morningstar’s Jim Sinegal.
Some deep-value investors have significant stakes in these troubled firms.
Getting out of level one.
Plus, changes to Evergreen's lineup, Davis' bargain-hunting, and more.
Following is a roundup of stocks that recently jumped to 5 stars in the last week. By way of background, we award a stock 5 stars when it trades at a suitably large discount--i.e., a margin of safety--to our fair value estimate. Thus, when a stock hits 5-star territory, we consider it an especially ...
Plus, an under-the-radar retailer looks undervalued, B of A stays under scrutiny, and rate hike talk heats up.