Bank of America: A Future without Ken Lewis
Excerpt from the InvestorGuide.com Stock of the Day on 10/2/2009

Bank of America has definitely had its share of bad press over the last year. The banking giant just can't seem to please investors or regulators. Everyone has been looking for someone to blame for BofA's recent issues and Ken Lewis has consistently been named as one of the primary problems. Well it looks like Mr. Lewis has had enough. The CEO has informed the bank's board of his decision to retire, starting Dec. 31. Some are rejoicing about the recent annoucement while others believe that his departure will leave the company in a worse position. Was this the right time for the CEO to pack up his office and head for the nearest exit? Who can take charge at Bank of America? More >

JP Morgan: There are Cracks but the Foundation is Strong
Excerpt from the InvestorGuide.com Stock of the Day on 7/20/2009

Last week, JP Morgan continued to build on its reputation as the best run commercial bank in the country and probably the second best overall shop on Wall Street after Goldman (GS: Charts, News, Offers). Even though most analysts expected a strong second quarter report, JP Morgan managed to exceed even those expectations by reporting $2.7 billion in net income. After the street had the weekend to digest the numbers and pore over the fine print - two conflicting views seem to be emerging -- a. Jamie Dimon is on his 'A' game, and will continue to outperform as the economy gets better or b. Bank earnings, including JP Morgan's were all smoke and mirrors and the second quarter was a severe aberration to the upside. More >

Citigroup Surprises Wall Street
Excerpt from the InvestorGuide.com Stock of the Day on 7/17/2009

Among a sea of better-than-expected earnings another big bank came out on top during the second quarter earnings season. Citigroup, Inc. reported an astonishing $4.28 billion profit for the second quarter. It's funny how a positive quarter can change the outlook for a company so quickly. It was only a few quarters ago that analysts were skeptical regarding the future of Citigroup. How was the company able to deliver such impressive results for the second quarter? Will the company be able to maintain these kinds of results in the near future? More >