Shares of financial giant State Street (STT) are trading sharply higher this morning after the company posted better than expected results for its first quarter this morning. Going into this morning's first quarter earnings report, analysts had been expecting to see State Street report earnings of $0.85 per share, but actual earnings came in above estimates at $0.88 per share. During the same period last year the company had earnings of $0.75. Revenues ...

It is fair to say that Citigroup (NYSE: C), the worlds largest bank has been in trouble lately. It's stock has been in a downwards trend for the past 12 months, but the stock is getting a nice little boost in the premarket today, following better than expected Q2 earnings numbers. At first glance it looks like a horrible quarter for the company, with a reported $2.5 Billion loss for the ...

Shares of financial giant Merrill Lynch (NYSE: MER) have been taking a beating in today's market, extending its two week losing streak. A research note out of Deutsche Bank AG stated today Merrill may be about to writedown as much as $10 billion in relation to its subprime losses. Rumors have been swirling all around Merrill lately, and now it appears as though the SEC is going to be investigating ...