Financial News from Money For Breakfast from 4/9/2009

Macy's, Incorporated (M) Discussed on Fox Business's Money For Breakfast

Macy's, Incorporated is in the news. Find out how this impacts M trading on Ockham Research.

I mean hot. >> stocks are surging after wells fargo says it expects MACY'S march same-store sales hold while sales at the buckle climb double digits and stunning new details with pirates off the coast of somalia.

“… I mean hot. >> stocks are surging after wells fargo says it expects MACY'S march same-store sales hold while sales at the buckle climb double digits and stunning new details with pirates off the coast of somalia. …”

Wells Fargo & Company (WFC) Discussed on Fox Business's Money For Breakfast

Wells Fargo & Company is in the news. Find out how this impacts WFC trading on Ockham Research.

I mean hot. >> stocks are surging after WELLS FARGO says it expects macy's march same-store sales hold while sales at the buckle climb double digits and stunning

“… I mean hot. >> stocks are surging after WELLS FARGO says it expects macy's march same-store sales hold while sales at the buckle climb double digits and stunning …”

Bank of America Corporation (BAC) Discussed on Fox Business's Money For Breakfast

Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research.

Now, I also believe that behind closed doors, geithner, who was the head of the federal reserve in new york, is now the federal treasury secretary, they're having secret conversations with all the banks. I think the merrill lynch-BANK OF AMERICA was a shotgun wedding. I think that was orchestrated by the u.S. Government. I think they realize by letting lehman go under was a big, big mistake. Alexis: couldn't afford to let it happen again.

“… tgun wedding. I think that was orchestrated by the u.S. Government. I think they realize by letting lehman go under was a big, big mistake. Alexis: couldn't afford to let it happen again. …”

Bank of America Corporation (BAC) Discussed on Fox Business's Money For Breakfast

Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research.

Was under circumstances that -- with the treasury that was confidential. Alexis: nobody else stepped up to the plate. >> we ultimately thought that it was at the best interest of the -- of BANK OF AMERICA and the country, and we're so intertwined you can't separate the two and the financial system to do the and the government helped us find a solution.

“… t separate the two and the financial system to do the and the government helped us find a solution. …”

Citigroup, Incorporated (C) Discussed on Fox Business's Money For Breakfast

Citigroup, Incorporated is in the news. Find out how this impacts C trading on Ockham Research.

Asset management, is here we talked a little about the you know, if this is the first company to show signs that a massive deal worked, CITI probably wants to shoot themselves because they were first up at the plate with what does this suggest about the industry? >> well, it's kind of strange announcement on the thursday morning before the markets are closed on friday and the

“… ndustry? >> well, it's kind of strange announcement on the thursday morning before the markets are closed on friday and the …”

Wal-Mart Stores, Incorporated (WMT) Discussed on Fox Business's Money For Breakfast

Wal-Mart Stores, Incorporated is in the news. Find out how this impacts WMT trading on Ockham Research.

Ken lewis has been on our air with the interview that was done with alexis down in north carolina. That stock is doing well and the futures are soaring to the up side despite some disappointing results from a number of retailers. Pharmaceutical, WAL-MART same-store sales a little disappointing. Others down. Target reported a 6% plus drop in same-store sales. Not quite as bad as expected, but again, the focus is not on those retailers as many expected it to be today.

“… same-store sales a little disappointing. Others down. Target reported a 6% plus drop in same-store sales. Not quite as bad as expected, but again, the focus is not on those retailers as many expected it to be today. …”

Bank of America Corporation (BAC) Discussed on Fox Business's Money For Breakfast

Bank of America Corporation is in the news. Find out how this impacts BAC trading on Ockham Research.

So a healthy gain for citi. Same deal for j.P. Morgan chase. The bid/ask there over $30 a share for a $27 stock in yesterday's trade. -- yesterday's close. There's B OF A. Ken lewis has been on our air with the interview that was done with alexis down in north carolina. That stock is doing well and the futures are soaring to the up side despite some disappointing results from a

“… north carolina. That stock is doing well and the futures are soaring to the up side despite some disappointing results from a …”

JPMorgan Chase & Company (JPM) Discussed on Fox Business's Money For Breakfast

JPMorgan Chase & Company is in the news. Find out how this impacts JPM trading on Ockham Research.

Compared to an estimate of 23. And it's helping the sector. Look at citigroup, $2.70 a at the close, up over $3 in premarket trading. So a healthy gain for citi. Same deal for J.P. MORGAN chase. The bid/ask there over $30 a share for a $27 stock in yesterday's trade. -- yesterday's close. There's b of a.

“… day's trade. -- yesterday's close. There's b of a. …”

Citigroup, Incorporated (C) Discussed on Fox Business's Money For Breakfast

Citigroup, Incorporated is in the news. Find out how this impacts C trading on Ockham Research.

You just look across the board at all these financials as you see wells is seeing a record first quarter earnings, 55 cents a share compared to an estimate of 23. And it's helping the sector. Look at CITIGROUP, $2.70 a at the close, up over $3 in premarket trading. So a healthy gain for CITI. Same deal for j.P. Morgan chase. The bid/ask there over $30 a share for a $27 stock in yesterday's trade. -- yesterday's close. There's b of a.

“… t trading. So a healthy gain for CITI. Same deal for j.P. Morgan chase. The bid/ask there over $30 a share for a $27 stock in yesterday's trade. -- yesterday's close. There's b of a. …”

Wells Fargo & Company (WFC) Discussed on Fox Business's Money For Breakfast

Wells Fargo & Company is in the news. Find out how this impacts WFC trading on Ockham Research.

Alexis: all right, gentlemen, we're going to leave it there. Scott and jason, you make we'll continue to follow this story. Let's head back upstairs to the fox business desk. Connell has been keeping a close eye on WELLS FARGO AND all this news about this great pre-announcement here in the first quarter impacting a lot of the other of course the market as well. Bring us up to date, connell. Connell: absolutely, alexis. WELLS FARGO continues to add to the gains ahead of the looks like a much higher open that is a 30% plus gain for approaching $20 a share, 14.89 was the close, of course, on the stock.

“… great pre-announcement here in the first quarter impacting a lot of the other of course the market as well. Bring us up to date, connell. Connell: absolutely, alexis. WELLS FARGO continues to add to the gains ahead of the looks like a much higher open that is a 30% plus gain for approaching $20 a share, 14.89 was the close, of course, on the stock. …”