BOSTON (MarketWatch) — James Sinegal, equity analyst covering financials at
Morningstar, says that investors who want to “buy what’s cheap and buy what’s
solid” will find that there are a lot of potential buys among financial stocks.
But he said it may take an iron stomach to ride out the volatility that is
inevitable given the sector’s current problems.
“If [...]
The big news this weekend is Hank Paulson put a $700 billion price tag on a bailout package designed to prevent a financial market crisis from becoming an economic calamity.
Paulson’s plan would require Congress to raise the U.S. debt limit to $11.3 trillion. Don’t forget it was just in July when the debt limit was [...]
Auction-rate settlements leave investors hanging
By Sam Mamudi, MarketWatch
Last Update: 8/18/2008 10:20:00 AM
NEW YORK (MarketWatch) — Despite the recent rash of auction-rate securities
settlements between regulators and the Wall Street banks, investors shouldn’t
hold their breath waiting to be cashed out.
For all the excitement of the past week, the narrow terms of the agreements mean
that only investors who [...]
Auction-rate market to cease, predicts Citigroup
Fund companies with better alternatives, such as Schwab, may benefit
By Laura Mandaro, MarketWatch
Last Update: 3:24 PM ET Apr 15, 2008
SAN FRANCISCO (MarketWatch) — The auction-rate market’s days are numbered, said
Citigroup on Tuesday, and it forecast fund companies that sidestepped the
securities, such as Charles Schwab & Co., stand to benefit.
“The auction-rate [...]
Reports Q1 (Mar) earnings of $0.26 per share, in-line with the First Call consensus of $0.26; revenues rose 13.4% year/year to $1.31 bln vs the $1.32 bln consensus.
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