Talk about a nice run. The Dow Jones is on a very impressive run after taking a tumble 8 weeks ago. This weekend, the industrial average closed higher for the 11th time in 12 days, and that helped the index closed well, matching its longest string of gains since January 2004. Of course, marketers being […]

I guess it had to happen eventually. Citigroup finally announced a quarterly profit after many quarters of massive losses. They reported a profit of $4.4 billion in the first quarter of this year, compared to a $670 million loss at the same time last year. Supposedly they’ve turned the corner because of trading of bonds […]

The latest figures relating to the performance of credit card loans, from issuers including Capital One Financial Corp. (COF) and American Express Co. (AXP), suggest that consumers are still troubled, and losses branching from souring credit card loans remain high. Analysts say that recent trends show the market is headed for a peak in delinquencies […]

Color me stunned, kind of. After what I wrote a few days ago about Goldman Sachs and JP Morgan Chase, and then my speculation on what might be coming from Citigroup and Bank of America, I can say I was stunned that Citigroup posted a $4.3 billion profit, and Bank of America posted a $3.2 […]

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