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Are Big Banks (XLF) In Trouble?
Wednesday, May 5, 2010 - 6:00pm | 186Lawmakers approved an amendment today that would stop government bailouts of financial institutions. Lawmakers are seeking to end the "too big to fail" policy that weakened the US economy in 2008. According to Reuters, "The Senate voted 93-5 for a plan that would set up a new government protocol...
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Interactive Data Corp. To Be Acquired (IDC, PSO, BAC, BCS)
Tuesday, May 4, 2010 - 4:17pm | 129Warburg Pincus and Silver Lake have announced the acquisition of Interactive Data Corp. (NYSE: IDC). Interactive Data Corp. has been valued at $3.4 billion. The company’s biggest shareholder, Pearson Plc. (ADR) (NYSE: PSO), has approved the deal. Interactive shareholders will receive $33.86 for...
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Heavy Put Action in Comerica
Tuesday, May 4, 2010 - 12:52pm | 84Comerica (NYSE: CMA), a regional bank, is receiving a plethora of put activity today. I am detecting 5,000 of the May $42.50 puts traded in addition to 5,000 July $40/35 put spreads. This action is largely bearish and has pushed Comerica’s put/call ratio to 16x its norm. Given the 50 and 200-day...
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Lehman Disputes Banks’ Claims (BCS, GS, CS, BAC)
Tuesday, May 4, 2010 - 12:16pm | 153Lehman Brothers is gearing up to wage a legal fight against banks on loss claims. The failed bank has already presented evidence suggesting that Barclays Plc. (NYSE: BCS) made $11 billion in windfall gains in a deal for Lehman’s assets. Lehman’s CEO Bryan Marsal has indicated that the fallen bank...
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Spanish Banks Spanked as Contagion Risks Spread
Tuesday, May 4, 2010 - 12:11pm | 850Obviously Portugal and Greece (aka Bear Stearns) are sideshows to the much larger Spain (aka Lehman). [I'll save a crisis in the UK or Japan as Fannie, Freddie] Together the former 2 are not even 5% of Euro zone GDP whereas the latter is the 4th largest member and about 11% of GDP I believe....
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Comerica Sees Bearish Options Trade
Tuesday, May 4, 2010 - 11:30am | 71Regional bank Comerica (NYSE: CMA) is seeing some bearish options trade today with the purchase of 5,000 July 40 puts and the sale of the same amount of July 35 puts. Another 5,000 May 42.50 were sold at the same time. The first trade has a maximum profit potential of almost 300%. Options volume...
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US Stock Futures Move Up On Fresh Optimism
Friday, April 30, 2010 - 9:18am | 310US stock futures moved up with investors expecting first quarter GDP to support the positive outlook delivered by several companies during the earnings season. Moreover, hopes have risen of an aid package for Greece being finalized by the end of the weekend. While futures on the S&P 500 added 1...
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France Telecom Falls Short Of Expectations, Banco Santander Excels In Net Interest Income And Sanofi-Aventis Net Income Jumps 10%
Thursday, April 29, 2010 - 7:05am | 253France Telecom S.A (NYSE: FTE) said that its earnings before interest, taxes, depreciation and amortization (Ebitda) for the first quarter fell to €3.76 billion ($4.97 billion), from €3.96 billion in the same period a year ago. FTE’s revenues dropped to €10.96 billion from €11.19 billion. Analysts...
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France Telecom Falls Short Of Expectations, Banco Santander Excels In Net Interest Income And Sanofi-Aventis Net Income Jumps 10%
Thursday, April 29, 2010 - 7:05am | 253France Telecom S.A (NYSE: FTE) said that its earnings before interest, taxes, depreciation and amortization (Ebitda) for the first quarter fell to €3.76 billion ($4.97 billion), from €3.96 billion in the same period a year ago. FTE’s revenues dropped to €10.96 billion from €11.19 billion. Analysts...
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2010 Fund Performance Period 4
Wednesday, April 28, 2010 - 3:57pm | 2893The mutual fund is now on schedule for a [late] summer 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story...
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Trichet & Kahn To Address German Lawmakers (RBS)
Wednesday, April 28, 2010 - 2:23pm | 103European Central Bank President, Jean-Claude Trichet, is in Berlin to persuade Germany to bail out Greece. According to BusinessWeek, Trichet and International Monetary Fund Managing Director, Dominique Strauss-Kahn, will hold talks with German parliamentary leaders in Berlin and would discuss the...
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Market Update – Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Comcast (NASDAQ:CMCSA), WellPoint (NYSE:WLP)
Wednesday, April 28, 2010 - 10:24am | 1377Continuing fears about the debt situation in Greece and Portugal caused stocks in Europe and Asia to fall yesterday; investors continue to perceive these countries’ situations as too risky. According to Citigroup (NYSE: C) executives, as the debt situation worsens many Greek banks are in danger of...
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National Bank Of Greece Continues Downward Slide (NBG)
Tuesday, April 27, 2010 - 3:21pm | 144Shares of National Bank of Greece (NYSE: NBG) are continuing their slide today, losing nearly 16% to $2.60 on the trading session over continued sovereign debt fears in Greece. The stock has lost almost 65% of its market cap in the last 6 months as this situation continues to play out. The stock...
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National Bank of Greece Hammered (NBG)
Tuesday, April 27, 2010 - 10:31am | 82National Bank of Greece (NYSE: NBG) is falling sharply in early trading this morning on continued concerns about Greece being able to pay its creditors. Greek borrowing costs rose to a 12-year high today, sparking worries that it may be too late to help the beleaguered nation. National Bank of...
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Fast Money Picks For April 27th (TKC, NDAQ, CMA, MCD)
Monday, April 26, 2010 - 7:20pm | 169Pete Najarian said on CNBC's Fast Money that McDonald's Corporation (NYSE: MCD) is a buy. McDonald's (MCD) reached a 52-week high, but it will continue to move up, thinks Pete Najarian. He owns call options in this stock. MCD fell today 0.18% and closed at $71.02. Joe Terranova said that investors...