Tag:
Thestreet Com
Latest Headlines
Latest Headlines
Morgan Stanley hit for tax benefit nondisclosure
It wasn't a complete victory for Morgan Stanley (NYSE: MS ). Its second-quarter earnings surprised the street on the upside, suggesting it will soon return as a trading powerhouse. But TheStreet.com notes that a controversy over a tax windfall has broken out, as two noted Wall Street observ
Damning emails sent by Mozilo?
Once again, the case against Countrywide CEO and two other executives comes down to email. TheStreet.com offers some choice excerpts .
Here's one to executive David Sambol about Countrywide's 80/20 subprime loans: "In all my years in the business I have never seen a more toxic prduct [s
Morgan Stanley suffering Goldman envy?
Morgan Stanley has long been compared to its arch-nemesis Goldman Sachs. In fact, comparisons are still being made, and that might be a problem for Morgan Stanley. A recent article in TheStreet.com suggests that the first quarter results may make it tempting for Morgan Stanley to jump back int
Goldman Sachs is still Goldman Sachs
There's been a lot of talk about Goldman Sachs's big rise in VAR in the first quarter--to $240 million, which is roughly nine times more than at JPMorgan Chase. What's interesting is that Goldman Sachs seems to be returning to its recent, quite successful strategy, which involves a lot of propriet
Bank of America bombshell hurts all
No one looks good in the wake of the bombshell news that Bank of America CEO Ken Lewis fingered Fed chairman Ben Bernanke and then Treasury Secretary Henry Paulson for his decision to not publicly disclose much about the declining state of Merrill Lynch. Lewis once again looks like a guy who can't
Hedge funds and SPACs
Has this arbitrage opportunity already passed? SPACs were all the rage not so long ago, as one after another sold shares to the public. But then came the credit crunch and a dearth of investment opportunities for them and the activity slowed.
But hedge funds soon discovered a new arbitrage opp
Fair value relief to help Citigroup?
The knee-jerk response to the new guidance on fair value rules has been that banks will see a significant bump in earnings, as mark-to-market losses lessen. But in the view of a TheStreet.com ratings analyst, that might not be the case with Citigroup. The argument starts with the fact that as
Richard Bove bullish on Bank of America
In contrast to many of his peers, Richard Bove, the media-friendly analyst now with Rochdale Securities, thinks there's a lot of upside to the Bank of America stock. In fact, he thinks it will recover its all-time highs, according to a recent research note. For now, he has set a price target of $1
A look at the "Texas ratio" and stress tests
A lot is riding on the so-called stress tests that are currently underway for banks with more than $100 billion in assets. We're starting to see a lot of analysis around which banks are more likely to fare well and which will likely need more capital. TheStreet.com takes an interesting look, f
