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
Citigroup Death Watch is back
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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JPMorgan: Chasing Our Tail

Ockham Research Staff @ October 10, 2008 # No Comment Yet


JPMorgan continues to fight tooth and nail above its peers and still seems as though it may come out a real winner in all of this shake up. For Ockham, this stock has been quite perplexing as of late, but not because of the fundamentals. In a market with price action of 800 points a day in the last two weeks, a stock like JPMorgan can really present long term strategy issues. Nevertheless, we like it… at least for the week.

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Wachovia Follows the Herd Regarding ARS Buybacks

Ockham Research Staff @ August 15, 2008 # No Comment Yet


Wachovia is the latest to settle with the NY Attorney General investigation into marketing of Auction Rate Securities. It is tough to be optomistic about the short term prospects for WB but in the long term there is definately appreciation potential.

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JP Morgan Sidesteps Credit Turmoil No Longer

Ockham Research Staff @ August 13, 2008 # No Comment Yet


JP Morgan has proven itself to be human this week by forewarning of further write-downs in the present quarter related to credit market turmoil. The iconic bank had avoided much of this carnage up until recently. This is causing some to question the thesis that a bottom in financials was reached in July.

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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.

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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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Bank Death Watch, adding Wells & Chase
Bear Stearns Gets 'Spitzered'
Say What?
Read more on Bear Stearns Companies, J P Morgan Chase, Federal Reserve at Wikinvest

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Banks Shopping for National City

admin @ April 2, 2008 # No Comment Yet


Regional bank, National City Corporation ( NCC) appears to be in discussions to either sell all or a portion of itself and the most likely suitor is NCC’s cross-town (Cleveland) rival KeyCorp. ( KEY). Other potential buyers include larger banks Wells Fargo, JP Morgan/Chase or PNC. NCC has been in a tailspin […]

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National City Courted by Fifth Third, KeyCorp
SpeculatioNCC
Read more on National City 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 […]

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Bank Death Watch, adding Wells & Chase
JPMorgan Raises Bear Stearns Bid
Bear Stearns Gets 'Spitzered'
Read more on J P Morgan Chase, Bear Stearns Companies at Wikinvest

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Put Your Money Into Banks

admin @ January 23, 2008 # No Comment Yet


Financial stocks, for the most part, are getting a really nice bounce today. Some of the biggest banks have enjoyed a considerable rise today including Bank of America, Wachovia, Wells Fargo, and JP Morgan Chase. It appears that the market is beginning to come to terms with the economic slowdown and is […]

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