10 Updates

The Bank Of New York Mellon Is Trading At A Historically Low Valuation

Source: Seeking Alpha, Aug 8 2012, 2:27pm CDT

The Bank of New York Mellon (BK) is often the forgotten bank when big financials are discussed. Even with assets under management over $1.3 trillion, the bank is ignored because of its custodial and clearing bank s ...

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Update
10

1 hour ago

Investors weigh how much further bull run has to go

Source: Moneycontrol.com  |   May 25 2013, 5:45am CDT

"Bull markets are born on pessimism, grow on scepticism, mature on optimism, and die on euphoria" - Sir John Templeton, fund manager, 1912-2008. Followers of the late investment guru's advice are looking through the drama of a vo ...

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Update
9

13 hours ago

Why Did Citigroup Try to Overturn an Overhaul?

Source: The New York Times  |   May 24 2013, 5:45pm CDT

Wall Street’s true ambitions are often revealed in mind-numbing minutiae. The latest example is Citigroup ’s participation in writing a House of Representatives bill that intends to roll back an arcane part of the Dodd-Frank financial sector overhaul. As ...

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Latest Business News

 
Update
8

14 hours ago

Investors shift focus to growth stocks

Source: Sify  |   May 24 2013, 4:00pm CDT

Technology stocks have gained 6.6 percent in the past month, the best performance of all the industry groups that make up the S ...

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Update
7

16 hours ago

New York sees more mortgage violations: report

Source: MarketWatch  |   May 24 2013, 2:35pm CDT

Want to see how this story relates to your portfolio? Just add items to create a portfolio now: NEW YORK (MarketWatch) -- New York Attorney General Eric Schneiderman said there is mounting evidence that banks have violated the terms of a settlement des ...

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Update
6

16 hours ago

German Regulator Urges U.S. to Ease New Bank Rules

Source: Wall Street Journal  |   May 24 2013, 2:22pm CDT

By Christopher Lawton FRANKFURT—Germany's top banking supervisor urged the U.S. to drop a proposal that would require big foreign banks to operate in the U.S. through separately capitalized subsidiaries, warning the move could tr ...

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Update
5

16 hours ago

Fitch Rates New York City NYs GO Bank Bonds AA Outlook Stable

Source: Albequerque Express  |   May 24 2013, 2:13pm CDT

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings assigns an 'AA' rating to bank bonds corresponding to the following New York City variable rate general obligation (GO) bonds: -- $275,000,000 GO bonds, fiscal 2006 series I, Subseries I- ...

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Update
4

16 hours ago

More Proof Wells Fargo Is Solid As a Rock

Source: WalletPop  |   May 24 2013, 2:00pm CDT

The purpose of the stress tests is to gauge how the capital bases of the nation's largest financial institutions hold up in the face of economic and financial turmoil. Among other things, the most extreme cas ...

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Update
3

20 hours ago

What Is This Value Investor Buying?

Source: Motley Fool  |   May 24 2013, 10:40am CDT

Meena is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited. By doing fundamental research on companies, the fund attempts to find stocks that are “safe,” i.e. un ...

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Update
2

21 hours ago

Japan's Swinging Bonds--A Future Economic Crisis

Source: Wall Street Journal  |   May 24 2013, 9:39am CDT

By Vincent Cignarella The inability of Japanese government debt to stop gyrating wildly poses a significant threat to the country's climb out of its two-decade economic mire. In the past six months, Japanese 10 ...

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Update
1

21 hours ago

Why Wells Fargo's Stock Is Worth Owning

Source: Motley Fool  |   May 24 2013, 9:16am CDT

The next selection for the Inflation-Protected Income Growth Portfolio is banking titan Wells Fargo (NYSE: WFC ) . One of the few major banks to have recovered its dividend to nearly its pre-financial-crisis level, and one that even noted value h ...

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