Would Rating Downgrades Clip Bank Profits?

Bank Profits Could Be Squeezed by Credit Rating Downgrades

Moody's is reviewing 10 large regional banks for possible downgrades because it thinks financial reform means total government support is now less likely. That's setting off a debate about whether those banks will actually take a hit to profitability.

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Market Update:
  • Stocks up on earnings, drop in unemployment claims
  • Stock investor

    Whether investors can outwit the broader market over the long run is a perennial, hotly debated, topic. But computerized trading and virtual baskets of stocks are making the discerning of specific companies' fortunes matter less and less.

    Initial Jobless Claims Fall, but Continuing Claims Rise

    Initial jobless claims fell a better-than-expected 11,000 to 457,000, but continuing claims rose 81,000 to 4.57 million, the Labor Department reported Thursday. The unemployment outlook remains uncertain as the economy seeks firmer footing.

    Janet Yellen

    Federal Reserve board nominees Janet Yellen, Peter Diamond and Sarah Bloom Raskin received a thumbs up from the Senate Banking Committee Wednesday, putting full Senate approval one step closer. A final vote is expected in September.

    foreclosure

    According to new data from RealtyTrac, about 75% of America's large metro areas saw a year-on-year increase in home foreclosure activity in the first half of 2010. Las Vegas had the highest rate at 6.6% -- more than five times the national average.

    When it comes to investing, men still make the lion's share of money management decisions. But the gap is narrowing, and women now call the shots for roughly $20 trillion worth of investments -- about 27% of the world's wealth. Here's a look at 10 global markets by the percentage of total wealth controlled by women.

    With the price of gold now at a three-month low, is investing in the precious metal a smart move? While gold has been a stellar investment over the past decade, James Altucher says you can do better. In this short and frank video, he discusses silver, gold and stocks and tells you where he sees upside potential.

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    Market Movers

    SymbolLastChange / %Volume

    Most Actives

    C
    CITIGROUP INC
    4.08-0.00
    -0.12%
    144.76M
    SPY
    SPDR S&P; 500 ETF
    110.73-0.10
    -0.09%
    53.99M
    MOT
    MOTOROLA INC
    7.87+0.19
    +2.47%
    40.87M
    S
    SPRINT NEXTEL CORP
    4.75-0.09
    -1.86%
    32.41M

    % Gainers

    MCP
    MOLYCORP INC
    12.60 +2.63
    +26.38%
    5.26M
    MOD
    MODINE MFG CO
    10.27 +1.34
    +15.01%
    272,353.00
    CBC-A
    CAPITOL BANCORP TR I
    2.00 +0.23
    +12.99%
    3,200.00
    SFN
    SFN GROUP INC
    7.56 +0.81
    +12.00%
    262,764.00

    % Losers

    BBW
    BUILD A BEAR WORKSHOP
    5.43-1.76
    -24.48%
    288,011.00
    CVD
    COVANCE INC
    39.93-9.69
    -19.53%
    3.53M
    CTV
    COMMSCOPE INC
    21.42-4.65
    -17.84%
    5.13M
    HSC
    HARSCO CORP
    23.04-3.81
    -14.19%
    1.67M

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