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Market News – JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), Ford (NYSE:F), Alcoa (NYSE:AA)
Monday, April 12, 2010 - 12:56pm | 963Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans. The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 36
Monday, April 12, 2010 - 8:00am | 2224Year 3, Week 36 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 62.2% (v 70.6% last week) 19 long bias: 33.5% (v 24.6% last week) [includes 1 option position] 2 short bias: 4.3% (v 4.8% last week) [...
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Can The National Bank of Greece (NBG) Bounce Back?
Saturday, April 10, 2010 - 12:09am | 206The bad news just keeps coming for Greece. Fitch downgraded the National Bank of Greece (NBG) today. The downgrade reflected "Greek banks debilitated risk profile, particularly regarding their liquidity and funding position as a result of increased sovereign concerns." Consumers have been pulling...
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Conning Says With American International Group Inc.’s (AIG) Sales The “Lid Is Being Released” On Deals
Friday, April 9, 2010 - 1:01pm | 339According to a report by Bloomberg, it now seems that American International Group Inc.’s (NYSE: AIG) agreements to sell a couple of life divisions for more than $50 billion in the first quarter just might break the two-year period of declining insurance deals. According to a report by the advisory...
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STD Opened At RBC With Buy
Friday, April 9, 2010 - 9:49am | 41Analysts at RBC Capital initiate coverage of Banco Santander (NYSE: STD) with a “buy” rating. Shares of STD closed at $13.58 yesterday. More Analyst Ratings here.
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Credit Suisse Revises Estimates For U.S. Banks (BAC, JPM, USB, WFC)
Thursday, April 8, 2010 - 3:27pm | 138Analysts at Credit Suisse have revised estimates for U.S. banks. The banks include Bank of America Corporation (NYSE: BAC), JP Morgan (NYSE: JPM), U.S. Bancorp (NYSE: USB) and Wells Fargo & Co. (NYSE: WFC). For Bank of America Corporation 2010 EPS estimate has been lowered from $0.90 to $0.80...
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It Only Takes A Handful Of Stocks To Keep These Markets Up
Thursday, April 8, 2010 - 1:40pm | 511The volume in the market since the March 2009 rally began has been extremely light. There have been days when the volume has picked up, however, the large majority of the time the volume has been unusually light. Many investors will make the case that there are a lot less players in the game since...
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Markets Fight Back, Refusing To Be Down Two Straight Days
Thursday, April 8, 2010 - 12:09pm | 517The markets are slightly lower for the second day in a row. Global jitters are showing themselves again with Greece. At 8:30am ET, Jobless Claims were released. They showed a jump to 460,000. Expectations were for 442,000. This negative news did not have a major impact on the markets. Overall...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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Economic News – Hot Topic (NASDAQ:HOTT), United Airlines (NASDAQ:UAUA), US Airways (NYSE:LCC), Bank of America (NYSE:BAC), American International Group (NYSE:AIG)
Thursday, April 8, 2010 - 10:24am | 1289The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week. After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy. Economists had...
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NAACP Not To Pursue Case Against Wells Fargo (WFC)
Thursday, April 8, 2010 - 7:19am | 120Wells Fargo (NYSE: WFC) has reached a settlement with The National Association for the Advancement of Colored People (NAACP). NAACP had filed a case against Wells Fargo alleging discrimination. The association has now agreed to drop the case in exchange for access to loan data. According to The...
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Top 5 Stocks In The Financial Sector With The Highest Cash (BCS, GS, JPM, MS, C)
Thursday, April 8, 2010 - 6:27am | 175Below are the top 5 financial stocks in terms of cash. Barclays plc (NYSE: BCS) had $1257.11 billion cash in the latest quarter. BCS’ debt liabilities in the same period stood at $660.62 billion. Goldman Sachs Group Inc (NYSE: GS) had $751.57 billion cash in the latest quarter. GS’ debt liabilities...
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Virgin Money Collaborates With Wilbur Ross (RBS)
Wednesday, April 7, 2010 - 5:04pm | 102Virgin Money is gearing up to reach a deal for buying Royal Bank of Scotland (ADR) (NYSE: RBS) branches. Royal Bank of Scotland is looking to sell 300 of its branches. Virgin Money has collaborated with US investor Wilbur Ross for the deal. Virgin Money is likely to face competition from National...
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Bookkeeping: Selling Half of HDFC Bank (HDB)
Wednesday, April 7, 2010 - 2:57pm | 678Doing the unthinkable I am selling a stock - half of Indian bank HDFC Bank (HDB) as the stock has gone on a very nice run of late. Then again, as I wind up my arm to throw a dart at the stock section of the Wall Street Journal pondering my next purchase, what hasn't? When HDB broke out over the...
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Stock Market News for April 7, 2010 - Market News
Wednesday, April 7, 2010 - 9:30am | 601Tuesday witnessed a tepid session in which stocks struggled for directions and the Dow average failed to cross the 11,000 mark for a second day. The blue-chip average has not been able to cross that psychologically important mark in the last 18 months. Minutes from the last Fed meeting revealed...