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WestLB Ups LYG To Add
Friday, August 20, 2010 - 6:41am | 43Analysts at WestLB upgrade Lloyds Banking Group Plc (NYSE: LYG) from "neutral" to "add." LYG’s shares moved down 2.03% to close at $4.34 yesterday. More Analyst Ratings here
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Benzinga's Top ETF Decliners (TNA, DRN, FAS, BGU)
Thursday, August 19, 2010 - 5:25pm | 218Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) fell 7.86% today, as the Russell 2000 Index fell 2.72%. TNA closed at $35.50, and had a volume of 21.33M shares. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) dropped 7.24%, and closed at $40.75. DRN struggled as the real estate stocks...
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U.S. Bank to Acquires F.N.B.'s Corporate Trust Administration (USB)
Thursday, August 19, 2010 - 3:33pm | 99U.S. Bancorp (NYSE: USB) announced today that its lead bank, U.S. Bank N.A., has reached an agreement to acquire the bond and transfer agent business of First National Trust Company, a subsidiary of First National Bank of Pennsylvania. "This acquisition exemplifies U.S. Bank's ongoing commitment to...
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Merrill Lynch Fined by FINRA - Analyst Blog
Thursday, August 19, 2010 - 2:13pm | 679On Wednesday, Merrill Lynch, a part of Bank of America Corporation (BAC), was charged $0.5 million by the Financial Industry Regulatory Authority (FINRA) for failing to provide sales charge discounts to its customers who had purchased unit investment trusts (UITs). Merrill Lynch will have to...
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Four Banks May Face $42B Loss - Analyst Blog
Thursday, August 19, 2010 - 1:04pm | 654The four largest U.S. banks may incur losses of up to $42 billion if housing finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) force them to repurchase faulty mortgages, Fitch Ratings stated on Wednesday. The four banks are JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America...
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U.S. Banks Stock Update - August 2010 - Industry Outlook
Thursday, August 19, 2010 - 1:04pm | 2403Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential and commercial real estate loan defaults and the...
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Gentiva Seals Odyssey Deal - Analyst Blog
Wednesday, August 18, 2010 - 1:41pm | 864Going ahead with its scheduled program, Gentiva Health Services Inc. (GTIV) completed the acquisition of Odyssey HealthCare Inc. (ODSY) on Tuesday for about $1.0 billion. This constituted an all cash transaction of about 370.4 million for Odyssey’s common stock at $27 per share. Gentiva reached a...
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Financial Stocks Mixed With Key Moves Discussed
Wednesday, August 18, 2010 - 11:43am | 298The financial stocks continue to be under pressure over the last couple weeks. Stocks like Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC) are all sharply off their recent daily highs. Goldman Sachs has faired the best, falling...
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(SunTrust Banks, Inc: STI) could be target of takeover by Barclays Bank , Inc. (NYSE: BCS).
Wednesday, August 18, 2010 - 10:06am | 61There is a rumor out on Wall Street today that(SunTrust Banks, Inc: STI) could be target of takeover by Barclays Bank , Inc. (NYSE: BCS). The price being thrown out is somewhere in the low $30.00 range per share , Company could not be reached for comment..(STI)
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10 Famous Financial Stocks to Sell
Wednesday, August 18, 2010 - 6:46am | 612After poor earnings and revenue figures from financial stocks such as Citigroup (NYSE: C) and Bank of America (NYSE: BAC) recently, the outlook for the sector been hazy. Downbeat economic news that continues to weigh on banks, including high foreclosure rates and high unemployment, suggests things...
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BofA to Reduce BlackRock Holding - Analyst Blog
Tuesday, August 17, 2010 - 7:04pm | 875On Sunday, the Wall Street Journal reported that Bank of America Corporation (BAC) is planning to sell its 34.1% (64.7 million common and preferred shares) stake in BlackRock Inc. (BLK). BofA is considering this sale as it does not view the BlackRock stake as a core earnings asset. However, no...
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There Is Very Little Mustard On This Rally
Tuesday, August 17, 2010 - 3:58pm | 514Today the major stock market indexes are all soaring higher by more than 1.5 percent. The BHP Billiton Ltd (NYSE: BHP) buyout offer for Potash Corp Sash Inc (NYSE: POT) has given new life into this market today. The rally is broad based as the energy and technology groups have joined the...
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Judge: Barclays Settlement is a 'Sweetheart Deal' (BCS)
Tuesday, August 17, 2010 - 11:34am | 170A federal judge considering a settlement between Barclays Bank (NYSE: BCS) and the U.S. Justice Department over criminal charges that the bank violated U.S. trade sanctions called it a "sweetheart deal." According to a Reuters report, "The London-based bank was charged with violating the...
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U.S. Bank Failures Stretch to 110 - Analyst Blog
Tuesday, August 17, 2010 - 11:20am | 933U.S. regulators on Friday shuttered Palos Heights, Illinois-based Palos Bank and Trust Company, pushing up U.S. bank failures to 110 so far in 2010. This compares with 140 bank failures in 2009, 25 in 2008 and only 3 in 2007. Although the economy is showing signs of a gradual recovery with the...
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Zacks Releases Four Powerful ''Buy'' Stocks: Textainer Group, Banco de Chile, Hill-Rom Holdings and Fossil - Press Releases
Tuesday, August 17, 2010 - 11:20am | 1301For Immediate Release Chicago, IL – August 17, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...