Get Ready to Pay the FDIC: Wells, BofA, JP Morgan and Citigroup

F.D.I.C. (Federal Deposit Insurance Corporation)

The FDIC may cash in on one of the biggest acts of 'Bank Fee Karma' ever, under the current assessment and each bank’s deposits, Wells Fargo & Co.'s (NYSE:WFC) fee may be $3.2, JPMorgan Chase & Co. (NYSE:JPM) may pay $2.4 billion, Citigroup Inc. (NYSE:C) $1.2 billion and Bank of America (NYSE:BAC) may owe $3.5 billion under the FDIC proposal for banks to prepay three years of premiums.

Can Amazon become the Wal-Mart of the Web?

Amazon Inc. (NASDAQ:AMZN) has gone from ‘that bookstore’ in people’s mind to a general online retailer.  Amazon’s worldwide media sales grew only 1% this past quarte highlighted by a slowdown in video games.  But during the same quarter, sales of other products, which the company lumps together on its balance sheet in a grouping dubbed “electronics and general merchandise,” grew by 35% to $2.07 billion -- watch out Wal-Mart Stores Inc. (NYSE:WMT).

Bank of America loves

Amazon Inc.

Bank of America (NYSE:BAC) is really going to bat for (NASDAQ:AMZN) with a big 'Buy' rating and a target price of $103, implying a 15.8% gain on top of Amazon's current share price which is up 6.4% today

Early Volume Leaders include Citi, GE, BofA and Ford

Same Bat-Time, Same Bat-Channel

The major equity markets are trying to find steam from yesterday's announcement that the 'Recession is Over'.  Leading the volume today is a familiar sign of the same bat-time, same bat-channel stars: Citigroup (NYSE:C), General Electric (NYSE:GE), Bank of America (NYSE:BAC) but a surprise appearance by Ford Motor (NYSE:F).

Tuesday's Volume Leaders: Citi, Fannie, & GE

NYSE Floor - Traders

Back to trading on this Tuesday following yesterday's Labor Day holiday and the volume leaders are familiar faces including Citigroup (NYSE:C), Fannie Mae (NYSE:FNM), Bank of America (NYSE:BAC) but a welcome guest also includes General Electric (NYSE:GE) with shares up 4%.

Obama's Top 10 Stocks (Large & Mid Size Companies)

President Elect Barack Obama

Wondering what President Obama selects for investing in equities?  CNNMoney asked that same question and did some research back in May 2009, despite the article being a few months old, the companies still hold up quite well and are worth reviewing.

Banks Hurting: Is This the End of Free Checking?


Free checking is going the way of the free lunch. Once a common benefit at most commercial banks, free checking is becoming more of a hassle than a perk. Getting your checking fees waived increasingly requires meeting so many conditions and wading through so much fine print that, for many customers, it’s hardly worth the trouble.

Chalk Up 3 More Banks

Bankrupt (Going Out of Business Sign)

This last Friday, three more banks succumbed to the pressure of the financial crisis.  This brings the total to 99 banks failures since the market starting melting down in September 2008.   According to Meredith Whitney, famous bank analyst, up to

Paulson Makes a Statement About Citigroup

Citigroup Inc. (NYSE:C)

Sometimes a good investment strategy is to follow the actions of the financial greats, such as Warren Buffet and Peter Lynch.  Maybe not quite as popular as those two, but still has made a name for himself is John Paulson, a hedge fund manager

Wednesday's Early Volume Leaders: Citi, Fannie, and BofA

Same Bat-Time, Same Bat-Channel

Same Bat-Time and Bat-Channel again this morning with Citigroup (NYSE:C) leading the most shares traded on the NYSE along with fellow financial friends Fannie (NYSE:FNM), Freddie (NYSE:FRE) and of course Bank of America (NYSE:BAC).

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