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In U.K., June Mortgage-Approvals Hit Lowest Number Since 1997 – (SLM, AXP, DFS)

In U.K., June Mortgage-Approvals Hit Lowest Number Since 1997 – (SLM, AXP, DFS)

July 24, 2012 at 1:07 pm 0 comments

Last month, the number of mortgage approvals at the six largest banking groups in the UK dropped to their lowest in more than 15 years, according to a recently released high street banking report. Mortgage approvals in June were 51,610Read More

Current Mortgage Rates Faces another Fall Today – (WFC, PNC, STI, IVR, CIT, DX)

Current Mortgage Rates Faces another Fall Today – (WFC, PNC, STI, IVR, CIT, DX)

July 24, 2012 at 1:02 pm 0 comments

Mortgage interest rates faced another fall  today as banks have started making adjustments prompted by shifts in the capital markets. Wells Fargo & Company(NYSE:WFC), PNC Financial Services (NYSE:PNC), and SunTrust Banks, Inc.(NYSE:STI) were among the lenders cutting their conventional mortgageRead More

U.S. Stock Futures down Today, Earnings To Watch – (AAPL, BRCM, DD, LMT, T, UPS, TXN, MSFT, S, MU)

U.S. Stock Futures down Today, Earnings To Watch – (AAPL, BRCM, DD, LMT, T, UPS, TXN, MSFT, S, MU)

July 24, 2012 at 12:56 pm 0 comments

U.S. stock index futures reported a fall on Tuesday as investors kept their focus on high bond yields in Spain and as a vigilant forecast from tech bellwether Texas Instruments Incorporated (NASDAQ:TXN) weighed on sentiment. The company’s second-quarter earnings cameRead More

Fed Study Reveals Four Large Banks Created More Than 2,000 Subsidiaries – (C, JPM, GS, SPY, XLF, VXX)

Fed Study Reveals Four Large Banks Created More Than 2,000 Subsidiaries – (C, JPM, GS, SPY, XLF, VXX)

July 24, 2012 at 12:33 pm 0 comments

A number of the biggest U.S. banks have created big and complex legal structures as bank holding companies with an aim to avoid regulation misunderstanding and noteworthy U.S. tax hit, a study released by the Federal Reserve said Monday. TheRead More

European Crisis And Overall Weak Economic Data Takes Its Levy on Real Estate World – (BAM, IRS, JOE)

European Crisis And Overall Weak Economic Data Takes Its Levy on Real Estate World – (BAM, IRS, JOE)

July 24, 2012 at 12:09 pm 0 comments

Rics chief economist Simon Rubinsohn said that the reappearance of the euro debt issue linked to generally weaker economic figures has clearly taken its toll on much of the real estate market even though the ongoing strength of the marketRead More

European Debt Concerns Disturbed the Markets And Overshadowed Strong Earnings – (SAPX, FB, HBAN)

European Debt Concerns Disturbed the Markets And Overshadowed Strong Earnings – (SAPX, FB, HBAN)

July 23, 2012 at 6:22 pm 0 comments

European financial woes returned to disturb the stock markets and overshadowed strong financial reports to end the benchmarks’ three-day gaining string. The tech-heavy NASDAQ Composite (INDEXNASDAQ:.IXIC) fell about 2% and was down to 2,869.10, at last check. The European debtRead More

Banks Under Huge Pressure: Citigroup Inc. (NYSE:C), Wells Fargo & Company (NYSE:WFC) And Morgan Stanley (NYSE:MS)

Banks Under Huge Pressure: Citigroup Inc. (NYSE:C), Wells Fargo & Company (NYSE:WFC) And Morgan Stanley (NYSE:MS)

July 23, 2012 at 5:56 pm 0 comments

The S&P 500 (INDEXSP:.INX) is below neutral line today, with the banks struggling hard and the worry over contagion has gripped the market, according to Quincy Krosby, market strategist for Prudential Financial.  Quincy added they have been reminded of theRead More

Dow Tumbles More Than 200 Points But Now Seems Recovering – (MCD, MSFT, BA)

Dow Tumbles More Than 200 Points But Now Seems Recovering – (MCD, MSFT, BA)

July 23, 2012 at 5:39 pm 0 comments

U.S. stocks opened lower and are under pressure today, with the Dow recovering from an earlier decline of over 200 points, fueled by fears that Spain may need a full rescue package and rising worries that Greece may leave theRead More

Latest Survey Shows U.S. Auto Companies Are Regaining Confidence – (F, GM, TSLA)

Latest Survey Shows U.S. Auto Companies Are Regaining Confidence – (F, GM, TSLA)

July 23, 2012 at 2:23 pm 0 comments

Executives in the U.S. auto industry, which is fortified with rising sales and strong financial position, predict to add workers and expand plants in the coming year, according to a latest survey released by KPMG LLP, the audit, tax, andRead More

Biotechnology Stocks Continues To Show Impressive Growth in 2012 – (ARNA, THLD, ONXX, STEM, ARRY)

Biotechnology Stocks Continues To Show Impressive Growth in 2012 – (ARNA, THLD, ONXX, STEM, ARRY)

July 23, 2012 at 2:18 pm 0 comments

The biotechnology industry, which features companies such as Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) and Threshold Pharmaceuticals, Inc. (NASDAQ:THLD), has been showing a strong rally in 2012 as both large and small firms have demonstrated impressive growth. The SPDR S&P Biotech (ETF)Read More