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Goldman Sachs (NYSE: GS) Earnings Show Investment Banking Growth; Stock Rises

Goldman Sachs Group Inc. (NYSE: GS) stock is up today (Tuesday) after GS earnings surprised Wall Street with a strong beat. The investment powerhouse reported second quarter results before Tuesday's opening bell.

Here are all the details…

Hot Stocks

C, AAPL, KOG Among Today's Hot Stocks to Watch

Monday brought a flurry of deals across several sectors, sending the Dow Jones Industrial Average to an all-time intraday high shortly after the open.

Those transactions are featured on today's hot stocks to watch list, along with earnings from a big bank, a bullish upgrade for a tech favorite, and more.

Get our full list of hot stocks to watch, including C, AAPL, KOG, and more...

Global Economy

Banco Espirito Santo's Newfound "Clarity" Just Makes Things Foggier

So what if there was some momentary panic over some Portuguese bank, Banco Espirito Santo, last week and contagion fears spilled out across the globe and markets tanked?

It's all better now. Everything has been cleared up. How do we know? Because the bank's regulators and the country's central bank, Banco de Portugal, are telling us so. It's all contained, they say.

Well, if you're reassured, don't read on - because this is going to <em>ruin your day</em>...


Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop

Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn't deliver any surprises, its numbers failed to impress.

Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.

While analysts have trimmed estimates on a number of banks in the last several weeks, expectations for WFC held steady. Here’s the full story on Wells Fargo Q2 earnings, and what it means for WFC stock…

Big Banks

That Warm Air You're Feeling Is the Big Banks' Stinking Bad Breath

I can't figure out where that warm breeze is coming from.

Oh, it's the air of confidence wafting over me knowing everything's as it should be with our too-big-to-fail banks, and that they're not going anywhere.

The big banks are safe, they have a handle on their assets and liabilities, and the Fed's stress tests are a warm blanket that lets us all sleep well at night.

What, you're still worried?

Big Banks

Bank of America (NYSE: BAC): Someone from This Fraud Machine Needs to Go to Jail

Last week Bank of America (BofA) got slammed by the Consumer Financial Protection Bureau for fraudulent marketing and sales of "add-on" products.

The CFPB found that they had ripped off credit card customers by selling them identity theft protection and credit protection programs, without ever actually providing much of anything.

Read all about BofA's shady marketing practices… the other banks that have also engaged in fraud…

and why someone needs to be locked up for it...


JPMorgan (NYSE: JPM) Stock Slumps After Rare Earnings Miss

For the first time in over two years, and only the fifth time in a decade, JPMorgan Chase & Co. (NYSE: JPM) missed earnings forecasts when it posted first-quarter 2014 results Friday.


Investors were prepared for a slip in earnings compared with Q1 of 2013. In February, JPM cautioned trading revenue was weak. The warning was especially troubling because the first quarter is traditionally a strong one.


I Can't Believe the U.S. Government Wants to Unleash This on the Public

You've no doubt seen their commercials. They used to be all over the tube hawking their high-yielding certificates of deposit. Now they're all over the tube with their "no hidden fees" campaign.

Ally FinancialI like the one where the woman is afraid to try new things because she's had bad experiences before. Her mechanical dog sparks a fire when he drinks water and her trainer hooks her up to electrodes that zap her. I like these commercials; they're funny.

all the more outrageous...

Wall Street

CHART: The Ridiculous Amount of Money Big Banks Spend in Settlement Costs

The amount of money big banks have spent on settlements in just the last four years will blow your mind – and these totals are about to get higher.

In December, U.S. Attorney General Eric Holder told Reuters the Justice Department plans on bringing civil mortgage fraud cases against "several financial institutions" sometime in early 2014.

To continue reading, please click here...


The Staggering Numbers Your Bank Doesn't Want You to See

Many of us may have a small share of the country's largest banks in our wallet: a debit card, a credit card, or for the old-schoolers, a checkbook.

And each month we get a statement showing our account activity, not the banks'…

That's because there's a staggering number that the banks will never show you, or even reference, on the statement…

Yet it directly impacts what you're paying them… this month… and for years to come.

It's the staggering amount of fines that they've paid out for a litany of misdeeds.

They're all here, in one place. You'll be shocked to see how colossal they are…

Full Story