Wells Fargo & Co. (Warrant)
Home Depot (NYSE: HD) recently checked a trio of items off its to-do list: post better than expected earnings, raise the dividend, and implement a share buyback.
The Atlanta based home improvement chain just reported that net income in the latest quarter soared 32% to $1.02 billion, or 68 cents per share. That was up from $774 million or 50 cents a year earlier. Revenue roared ahead by 13 more »
Bank of America (NYSE: BAC) and Citigroup (NYSE: C) each reported dismal earnings last week reporting net income of $0.03 and $0.38 while missing analyst expectations that were set several times higher. I don’t know whether these poor results made you laugh or cry, but they got me thinking. Specifically, they made me think about how by its very nature capitalism abhors dead wood. Think of the more »