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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman

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Fifth Third Bancorp: Financial Winner

Posted by admin | Posted on 27-07-2012

Category : Stocks

Tags: , , , , , , , ,

NEW YORK (TheStreet) — Fifth Third Bancorp was the winner among the largest U.S. financial names on Thursday, with shares rising 3% to close at $14.14.

The broad indexes saw strong gains after European Central Bank President Mario Draghi said that “the ECB is ready to do whatever it takes to preserve the euro.” Speaking at the Global Investment Conference in London on Thursday, Draghi also said “believe me, it will be enough.”

The KBW Bank Index rose 2% to close at 45.39, with all 24 index components rising for the session, except for New York Community Bancorp , which was down slightly to close at $12.65. …

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JPMorgan: Senate Softball Questions Winner

Posted by admin | Posted on 14-06-2012

Category : Business, Stocks

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NEW YORK (TheStreet) — JPMorgan Chase was the winner among the largest U.S. financial names on Wednesday, with shares rising 2% to close at $34.30.

The broad indexes declined 1%, after the U.S. Commerce Department reported that retail sales fell by a slightly less than expected 0.2% in May, after falling by a downwardly revised 0.2% in April. Economists surveyed by Briefing.com had expected that sales contracted by 0.3% in May. Retail sales, excluding autos, fell 0.4% in May, after declining 0.3% in April.

The KBW Bank Index dipped slightly to close at 43.42, with 15 of the 24 index components seeing declines for the session. …

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Regions: Financial Winner

Posted by admin | Posted on 26-04-2012

Category : Stocks

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NEW YORK (TheStreet) — Regions Financial was the winner among the largest U.S. financial names on Wednesday, with shares rising over 3% to close at $6.65.

The broad indexes were strong after the Federal Reserve increased its projection for 2012 gross domestic product growth to a range of 2.4% to 2.9%, from a previous projected range of 2.2% to 2.7% in January. The central bank’s 2013 GDP growth projection now ranges from 2.7% to 3.1%, narrowing from January’s range of 2.8% to 3.2%.

The KBW Bank Index rose over 1% to close at $48.33.

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SunTrust: Financial Winner

Posted by admin | Posted on 24-04-2012

Category : Business, Stocks

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NEW YORK (TheStreet) — SunTrust was the winner among the largest U.S. financial names on Monsay, with shares rising 3% to close at $23.23.

The broad indexes saw 1% declines as investors apparently fretted over events in Europe, after Markit’s preliminary composite purchasing managers index fell for the third month in a row to 47.4, down from 49.1 in March. This was the index’s seventh decline over the past eight months.

The KBW Bank Index pulled back 1% to close at 47.28, with 17 out of 24 index components showing declines.

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JPMorgan Ready to Take Wall Street Top Spot (Update 1)

Posted by admin | Posted on 27-03-2012

Category : Business

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Updated to reflect earnings estimates and additional analyst comments

NEW YORK (TheStreet) – JPMorgan Chase is on track to score a rare Wall Street “Hat Trick” as it tops the merger advisory, equity and debt underwriting rankings.

For the nation’s largest bank, taking the lead in Wall Street’s key investment banking activities is yet another sign that first quarter earnings can provide a continued lift to shares after Federal Reserve stress test results, dividend increases and a 2012 stock surge help investors forget a lackluster 2011.

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Morgan Stanley: Financial Winner

Posted by admin | Posted on 24-03-2012

Category : Business

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NEW YORK (TheStreet) — Morgan Stanley was the winner among the largest U.S. banking names on Friday, with shares rising 4% to close at $20.33.

The broad indexes saw slight gains, although the Census Bureau reported that sales of new single-family homes fell 1.6% during February to a 313,000 seasonally adjusted annual rate, from a downwardly revised January rate of 318,000, capping a weak of generally negative housing reports.

The KBW Bank Index rose 1% to close at 49.52, with 20 of the 24 index components ending the week with gains.

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Market Preview: Slow and Steady

Posted by admin | Posted on 23-02-2012

Category : Stocks

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Updated from 8:01 p.m. ET with commentary on Thursday’s economic data.

NEW YORK (TheStreet) — Wednesday’s polite pullback aside, 2012 has to be seen as exceeding the expectations of even the most bullish of equity investors so far.

It’s been a steady march higher with minimal volatility. No nosedives in the portfolio to ponder. A nearly complete about-face from the violent swings that wracked stocks from August through October of 2011.

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