Analysts' Recommendation: Buy 30 Days Ago: Buy Analysts' Target: $17 Analysts' Targets Lehman Brothers $15 Overweight Wednesday, July 02, 2008 UBS Securities $21 Hold Monday, March 24, 2008 BMO Capital Markets $13 Market Perform Monday, March 24, 2008 BWS Financial $20 Buy Monday, March 24, 2008 BWS Financial $20 Buy Monday, March 24, 2008 CIT Group, Inc., a commercial finance company, provides a set of financial products and services worldwide. Its products primarily include asset based loans; sec...
Before we explore the concept of Peak Earnings let's take a look at the mad rush by financial institutions to become banks or bank holding companies. I will tie the ideas together in just a bit.
Life and mortgage insurer Genworth Financial Inc (GNW) said on Sunday it applied for capital under a U.S. government program after reaching a deal to buy a bank and requesting savings and loan company status.
With the move, Genworth joins property and casualty insurer Hartford Financial Servic
Another bank is saying it doesn’t need the government’s help. Sierra Bancorp (BSRR), the holding company for a small California bank with $1.3 billion in assets, said Thursday it won’t seek funds from the Treasury’s capital purchase program. The company, which runs the Bank of the Sierra, said it made the decision based on its strong capital position, the cost of the government assistance and the availability of private-sector capital-raising alternatives.
“In addition to raising capital ratios to inflated levels, the acceptance of capital from the Treasury would place restrictions on the co
We don't have any official results from the presidential and congressional elections as of yet, but traders decided to keep buying stocks today despite concerns of what an Obama administration would do to equity investors. Regardless of the bad economic data, it looks and feels as though you can make actual analysis beyond the next 30-minute period again. Even a $6.00+ rally in oil prices after the Saudis cut production did not stop stocks from rallying. Her
TheStreet.com's Jim Cramer says that Treasury's takeover of the banking system is working, and he's not arguing with it..
So buying troubled assets was always wrong. I got it. All of that wrangling about what to do with the $750 billion was all seat-of-the-pants nonsense. There was no plan.
But what we've been doing, just letting the U.S. own everybody and everyth...
U.S. stock futures were higher Tuesday morning at the start of the election day. Overseas, markets also edged higher ahead of the U.S. presidential election, while oil prices declined further to below $64 a barrel. While it is uncertain yet if any of the candidates would help boost sentime...
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CIT
About CIT Group Inc.
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We don't have any official results from the presidential and congressional elections as of yet, but traders decided to keep buying stocks today despite concerns of what an Obama administration would do to equity investors. Regardless of the bad economic data, it looks and feels as though you can make actual analysis beyond the next 30-minute period again. Even a $6.00+ rally in oil prices after the Saudis cut production did not stop stocks from rallying. Her
