While it’s true that in the midst of the Monday Massacre where the Dow (^DJI) fell 777 points J.P. Morgan Chase (JPM) was not spared — the stock fell to $41 per share — this was off near 52-week highs, once the U.S. mega-bank picked up what was left of failed retail bank Washington Mutual [...]
Q: Please tell me about Suncor Energy. Thank you. - Reader Joseph A. Kurtz.In July 21, when oil was trading at some $125 a barrel and in an apparent freefall, I issued a scaled “Buy” on Chevron Corp. (CVX). I based this call on the stock’s ultra-low valuation and the company’s business model, which would [...]
Here is a quick look at some graphics related to Citigroup’s (C) rescue of Wachovia (WB), first a graphic comparing the two banks in terms of branches, total deposits, etc.Graphic courtesy of the WSJWhile the numbers for % … [visit site to read more]Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions [...]