Banks Rally as Obama’s Economic Team Waits On Deck

Ockham Research Staff @ February 6, 2009 # No Comment Yet


Financials were the story of the day on Friday, with Bank of America leading the way gaining 26 percent. However, there is so much going on politically right now that Monday will likely be another volatile day with the direction of the swing resting on the speech by Tim Geithner about the next phase in the bank rescue.

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Financial Stocks Are Still A Dangerous Game

Ockham Research Staff @ January 19, 2009 # No Comment Yet


Last week was a telling one for financials, as BofA, Citi, and JP Morgan all released earnings. There is no doubt that the financial sector is still deeply flawed and for anyone investing in these names we believe it is basically pure speculation at this point.

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Bank Death Watch, adding Wells & Chase
Read more on J P Morgan Chase, Bank of America, Citigroup at Wikinvest

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S&P Warns of More Financial Pitfalls Ahead

Ockham Research Staff @ December 19, 2008 # One Comment


A sweeping downgrade of financials by credit rating agency S&P was one of the major stories of the day. Or on second thought, what does this tell us that we did not already know, and so far the market has not even noticed.

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Is GE’s dividend safe?
Dividend Stocks in the news includes General Electric
General Electric: Not a Value Trap, but a Value Pit
Read more on General Electric Company at Wikinvest

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Wells Fargo Rides to the Rescue

Ockham Research Staff @ July 17, 2008 # No Comment Yet


Wells Fargo issued better than expected earnings and hiked their dividend. They are taking some heat from certain anlaysts over raising their dividend because in this economy where capital is held onto tightly, couldn’t they have put there money to work in a more effective manner than in the form of giving back to shareholders. Perhaps in restoring confidence in themselves WFC will have a greater impact on the financials than were they to invest te money elsewhere.

More on this topic (What's this?) Read more on Wells Fargo at Wikinvest

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Details of Bear Stearns Backroom Deal Exposed

admin @ April 4, 2008 # One Comment


Bear Stearns’ ( BSC) acquisition by JP Morgan ( JPM) was the focus of lengthy testimony before the Congressional Banking Committee on Thursday. Heavy hitters from JP Morgan, Bear Stearns, and the Federal Reserve Bank of New York were in attendance.
Late in the second week of March 2008, it was clear […]

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Bear Stearns Gets 'Spitzered'
Say What?
$2 per share?!!?? What the hell is going on?
Read more on Bear Stearns Companies, J P Morgan Chase, Federal Reserve at Wikinvest

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JP Morgan Increases Fed-Backed Bid for Bear

admin @ March 24, 2008 # No Comment Yet


Last Monday, the news swirling around the stock market was JP Morgan’s ( JPM) $2 per share bid to buy Bear Stearns ( BSC). Bear - at the time the fifth largest U.S. Investment Bank — astoundingly was being sold for about $240 million, far less than the value of its Manhattan […]

More on this topic (What's this?)
Bank Death Watch, adding Wells & Chase
Bear Stearns Gets 'Spitzered'
Why the Three-Way Rescue of Bear?
Read more on J P Morgan Chase, Bear Stearns Companies at Wikinvest

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