Bank of America has been a trader’s dream and an investor’s nightmare over the past 4 years. The stock has had 3 separate instances where it has doubled or nearly doubled in that period, but …
Continue readingMorningWord 3/1/13: Last night CRM reported eps (.51 vs .40 consensus, but .08 of the beat comes from an r&d tax credit) and revenues ($835m vs $831m consensus) that beat expectations, and guided Fy 2014 …
Continue readingTo give you a sense of the importance of the European banking crisis, let me throw out a few points. European bank balance sheets have assets that total around $40 trillion. In contrast, American bank …
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