Banking Stocks Notable Gainers are Citigroup, BAC, WFC, KEY, HBAN, FITB

(EMAILWIRE.COM, March 25, 2010 ) Dallas, Tx - Bank of America Corporation BAC surged 3.47% to $18.18. The stock has a 52-week range of $6.02-$19.10. So far in this year the stock went up over 20%.

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Citigroup Inc. C soared 4.94% to $4.36 after Reuters reported that, according to Bloomberg, the U.S. Treasury could unveil a preset trading plan next month for the sale of its 27% stake in Citigroup Inc. The Treasury plan will lock the government into a schedule for selling its shares with the aim of eliminating any concerns that the sales are based on non-public information. The Treasury would issue instructions on how many shares to sell and at what price. So far in this year the stock went up over 31%.

Wells Fargo & Company WFC added 3.27% to $31.87 after it announced that Wells Fargo Bank, N.A. has entered into a definitive agreement to purchase substantially all of the North American factoring portfolio of the Commercial Services Division of GMAC Commercial Finance Group. The portfolio consists of approximately 150 small and middle market clients that primarily serve the retail channel, representing approximately $4 billion in annual volume of factored receivables. Wells Fargo Bank will also acquire the client service application system currently used to manage these relationships. The portfolio and client service application system will become part of the Trade Capital division of Wells Fargo Capital Finance upon the closing of the transaction. Terms of the purchase were not disclosed. The stock today also touched a new 52 week high at $31.93. So far in this year the stock went up over 18%.

KeyCorp KEY jumped 2.47% to $8.10. The stock has a 52-week range of $4.40-$9.82. So far in this year the stock went up over 43%.

Huntington Bancshares Incorporated HBAN climbed 3.28% to $5.66. The stock has a 52-week range of $1.44-$6.18. So far in this year the stock went up over 53%.

Fifth Third Bancorp FITB rose 1.91% to $13.84. The stock today also touched a new 52 week high at $14.05. So far in this year the stock went up over 41%.

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