the banks, because they did not store metal in the their warehouses or trade on the LME. Goldman Sachs ( GS ) and JPMorgan ( JPM ) were sued for allegedly conspiring to cut supply and raise the price of aluminum from May 2009 on. Last month, a federal
competitive advantages, and good growth potential. But these also may be businesses that are under a cloud. When JPMorgan Chase JPM stumbled during the London Whale trading scandal, for example, the team took a position believing it to be a well-run institution
By Michael Terry: Goldman Sachs ( GS ) came to market with $700 million Series K perpetual preferred stock. The details of the preferred are: The prospectus can be found here . As with most preferred stock of financial issuers, the Series K Preferred Stock may be redeemed prior to May 10, 2024 upon
not just treacherous, it’s almost a guaranteed loss.” Among the dealers who have reported Q1 results so far, JPMorgan ( JPM ) saw a 21% drop in fixed-income business, Citigroup ( C ) 18%, and Credit Suisse ( CS ) 25%. Post your comment!
may have completely made up the data. Zero Hedge is wrong. (click to enlarge) For proof, Zero Hedge delved into the balance sheets of JPMorgan ( JPM ), Bank of America ( BAC ), Citigroup ( C ), and Wells Fargo ( WFC ), Complete Story »
By Wall Street Playbook : Shares of Regions Financial ( RF ) have been in a holding pattern even since the stock was downgraded by Miller Tabak analysts Thomas Mitchell. Mitchell lowered his recommendation to hold from buy while raising his price target to $11.33 from $11.15. According to ...
many years ago, Morgan Stanley had been left in the dust by big players like Bank of America ( BAC ) and J.P. Morgan Chase ( JPM ). However, the company's more thoughtful strategy is turning out to be a winner, at least in the most recent fiscal quarter
By Gemstone Equity Research : Citigroup After JP Morgan Chase & Co ( JPM ) and Wells Fargo ( WFC ), Citigroup ( C ) is the third largest financial institution in the US by assets. Citigroup released
By SA Editor Miriam Metzinger : Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday April 16. SandRidge Energy ( SD ): The Fine Line Between Love And Hate "Never underestimate the power of hate." It is possible to catch an incredible gain if a hated company ...
By John M. Mason : The number one job of Brian Moynihan, Chief Executive Officer of Bank of America Corp. ( BAC ), is to get the past behind him. "Under Mr. Moynihan, BofA has focused on putting its large legal settlements behind it as it tries to remover litigation uncertainty for investors," ...