Ockham Research Staff @ September 15, 2008 # One Comment
The crazy day in financials has rocked the markets thus far on Monday. This article breifly describes how we got here and where we are headed in the future.
admin @ April 21, 2008 # No Comment Yet
The stock market dropped slightly this morning and much of that can be attributed to Bank of America’s ( BAC) first quarter numbers. The nation’s largest retail bank saw its net profit fall 77% and its earnings per share were $.23–a significant disappointment from consensus estimates of $.41 per share. […]
admin @ January 11, 2008 # No Comment Yet
The stock market is headed south again today as consumer spending concerns have investors nervous about a recession. Holiday sales were expected to be a little bit slower this year, but they fell below even those modest expectations. One of the main catalysts for the sell off today appears to be the […]
admin @ January 10, 2008 # No Comment Yet
The stock market had a nice afternoon advance amidst rumors surround a Bank of America buyout of mortgage giant Countrywide Financial. Yes, the same Countrywide that just eight months ago was trading in the low $40s range. It opened the day at just a bit over $5, but after the rumor […]
More on: Keeping in Perspective: Bank of America and Countrywide Financial