CFC
CFC Articles
Countrywide (CFC) is trading up over 5% on its fourth quarter and full year earnings announcement. CFC reported a net loss of $422 million, or $0.79 per diluted share, for the fourth quarter ended...
Published:
According to Reuters, another Fed rate cut may stimulate the housing market. Reuters reports that profits at American Express (AXP) fell 10%. Reuters writes that McDonald’s (MCD) will open 150...
Published:
As far as anyone knows, Bank of America (BAC) is buying Countrywide Financial (CFC). The CFC stock price would indicate that the market has its doubts about whether the deal will close. The groups...
Published:
Angelo Mozilo, America’s favorite CEO, the head of train-wrecked mortgage-bank Countrywide Financial (CFC) has elected to pass on his pay package. According to The Wall Street Journal, Moz "is...
Published:
According to Reuters, gaps in controls at Societe Generale allowed a junior trader to make at $73 billion losing bet on European shares prices. Reuters writes that Countrywide’s (CFC) CEO will give...
Published:
As if some miracle had saved the financial system and averted a recession, shares in bank and brokerage companies moved irrationally higher last week. A case in point, Wells Fargo (WFC) moved up over...
Published:
According to Reuters, Meg Whitman is stepping down as CEO of Ebay (EBAY). Reuters writes that GM (GM) said it would rather be a strong No.2 in the global market than a weak No.1. Reuters writes that...
Published:
Short interest on January 15 showed bets against financial shares listed on the NYSE climbed when compared to December 31 numbers. Shares short in Countrywide Financial (CFC) rose 32.5 million to...
Published:
According to Reuters, CNBC is reporting that Citigroup (C) could write-down $24 billion. Reuters writes that automakers face big hurdles in 2008. Reuters reports that the $200 billion Kuwait...
Published:
Bank of America (BAC) has bought Countrywide Financial (CFC) for about $4 billion. The move makes BAC the largest mortgage lender in the US. Douglas A. McIntyre Credit card companies are handing out...
Published:
Yesterday, news hit the market, beginning with a report in The Wall Street Journal, that Bank of America (BAC) was thinking of buying troubled mortgage bank Countrywide Financial (CFC). At one point...
Published:
There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector is...
Published:
Last Updated:
A report at WSJ.com says that Bank of America (BAC) is in advanced talks to buy Countrywide (CFC). CFC shares are up 43% on the news Douglas A. McIntyre 100 Million Americans Are Missing This Crucial...
Published:
Short interest of stocks listed on the NYSE as of December 31 showed that retailers and financial companies had sharp increases when compared to the figures on December 14. Shares sold short in...
Published:
Qwest (Q) Concerns on telecom growth after AT&T (T) discloses slowing business. Drops to $5.46 from 52-week high of $10.45. Yahoo! (YHOO) Online ad revenue could be slowing. Falls to $21.37 from...
Published: