Archive for the ‘WFC’ Category
Financial Stocks Starting to Rollover
Wednesday, June 17, 2009 19:35 No CommentsFinancial stocks are beginning to show signs of weakness with Citigroup (NYSE: C) looking the most vulnerable.
Citigroup stock (chart below) was the first in this group to break their previous uptrend line. With RSI under 50 and the MACD indicator turning negative, it appears that Citi may be under some pressure in the coming weeks.
Extended Stay America Files Ch. 11; Investors Sue B of A & Wells Fargo
Monday, June 15, 2009 14:44 No CommentsExtended Stay America has become the latest casualty of the economic crisis. The operator of low to mid priced hotels filed for Chapter 11 bankruptcy protection as consumers cut back on travel leisure spending.
According to the bankruptcy filing, Extended Stay America has $7 billion in assets with $7.6 billion in debt. The company owns 680 [...]
These 10 Banks Will Repay TARP
Tuesday, June 9, 2009 10:22 No CommentsThe US government issued approval for 10 of the nations largest banks to pay back the TARP money. The banks are:
Bank Stress Test: A Chartist’s Perspective
Sunday, February 22, 2009 11:03 2 CommentsThere’s no doubt that the buzz words for the week will be “Stress Test.” US regulators will be conducted the so-called bank stress test to determine which of the major US banks are the most vulnerable and may need additional capital. Yes, they’re going to throw more money at bad banks though I believe that [...]
