Bank Stocks Lead Market to a Seventh Winning Week

Stocks ended the week on a positive note despite economic reports that fell short of expectations. But Cort Gwon of FBN Securities says there was lots to cheer about as fears over the debt crisis in Europe lessened and U.S. com…

For Big Banks, Dividends Set to Make a Comeback

As big banks start reporting earnings, JPMorgan CEO Jamie Dimon is the latest exec to talk about dividends. Overall, Wall Street is expecting the big banks to post strong results, including improved credit quality and increased…

ITT Dismantles Its Empire, Ending the Age of Conglomerates

The 91-year old company was once the leading diversified industrial company, the product of hundreds of leveraged buyouts in the 1960s and ’70s. But its breakup is yet more proof that the conglomerate model makes little sense t…

U.S. Stocks Get a Lift From Portugal and the Dollar

Stocks closed broadly higher Wednesday after Portugal’s government had no trouble in tapping global debt markets, helping ease European debt fears. The euro gained at the dollar’s expense, which lifted a broad basket of commodi…