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Top 4 Large-Cap Stocks In The Money Center Banks Industry With The Highest Cash
Tuesday, August 16, 2011 - 4:39am | 140Below are the top large-cap money center banks stocks on the NYSE and the NASDAQ in terms of cash. JP Morgan Chase & Co (NYSE: JPM) had $877.29 billion in total cash and $749.44 billion in total debt for the latest quarter. Citigroup Inc (NYSE: C) had $798.23 billion in total cash and $688....
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Profiting from Growing Talk of Creating a Eurobond
Monday, August 15, 2011 - 8:50am | 687Germany is downplaying speculation that a Tuesday meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy will result in some sort of agreement to create eurobonds backed by all of the eurozone members. Steffen Seibert, a spokesman for the German government, said a day...
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UPDATE: TD Bank Group to acquire MBNA Canada's Credit Card Business
Monday, August 15, 2011 - 7:34am | 190TD Bank Group (NYSE: TD) and Bank of America Corporation (NYSE: BAC) today announced a definitive agreement under which TD will purchase MBNA Canada's credit card portfolio, as well as certain other assets and liabilities. TD will pay a modest premium on an expected $8.5 billion of credit card...
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Every Trade Is Bank Trade
Friday, August 12, 2011 - 11:29am | 390It can easily be seen by most traders that when the bank stocks trade higher the major stock indexes trade higher. Obviously, the opposite is true when the large bank stocks decline the major stock indexes will usually follow. If we go back in time, we will realize that every bailout whether it was...
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Top Yielding Stocks Above the 49th Parallel
Friday, August 12, 2011 - 12:07am | 461In the last five days, the iShares MSCI Canada Index Fund (EWC) basically broke even. However, the S&P 500 dropped almost 4%. It is not just this mini-market crash where Canada has outperformed. Canada has withstood the banking crisis and housing crisis much better than the US. For income...
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Large Financial Giants Trade Higher, Will They Hold?
Thursday, August 11, 2011 - 10:41am | 209All eyes are on the large financial stocks these days. After all, these financial giants have lead the markets lower since the spring of 2011. Obviously, the large financial stocks lead the stock markets. Today, the large financial stocks are trading higher on the session and this is helping the...
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News Summary for August 11, 2011
Thursday, August 11, 2011 - 7:53am | 648This is your Benzinga news summary and traders' outlook for Thursday, August 11, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after a 500 point drop in the Dow yesterday. At last check, Dow...
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Bank of America Merrill Lynch Has Buy On Capital One
Thursday, August 11, 2011 - 7:38am | 195Bank of America Merrill Lynch is out with a research report on Capital One Financial Corp. (NYSE: COF) after it bought a credit card portfolio from HSBC (NYSE: HBC). It has a Buy rating and a $63 price target on shares. In a note to clients, Bank of America Merrill Lynch writes, "Capital One...
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Zings Of The Day, August 10, 2011
Wednesday, August 10, 2011 - 3:33pm | 163The Walt Disney Co. (NYSE: DIS) said yesterday that net income rose 11 percent with help from ESPN, its theme parks and consumer products businesses. Shares are down 8% today. I guess it's a little smaller world after all. Harry Reid (D-NV) named three Democratic senators to the "super...
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Options Brief: Barclays
Wednesday, August 10, 2011 - 11:45am | 71Shares of Barclays (NYSE: BCS) are lower on the session by 10.32%, trading at $10.72. Overall call volume is now running at 2.74x the daily average, with 3% of all calls traded being purchases on the offer. 14,788 contracts have traded on the session so far. Barclays PLC is a global financial...
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UPDATE: Compass Point Upgrades Comerica from Neutral to Buy
Wednesday, August 10, 2011 - 10:16am | 93Compass Point has published a research report on Comerica (NYSE: CMA) upgrading the rating on their stock from Neutral to Buy. In the report, Compass Point wrote, "We have historically maintained a positive bias on shares of CMA though the sell-off have given us the opportunity to become more...
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Compass Point Upgrades Comerica To Buy, $37 PT
Wednesday, August 10, 2011 - 8:42am | 24Compass Point has upgraded Comerica (NYSE: CMA) from Neutral to Buy and maintains its $37 price target.
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Morgan Stanley Reiterates Equal-Weight on Comerica
Wednesday, August 10, 2011 - 7:06am | 46Morgan Stanley reiterated its Equal-weight rating on Comerica (NYSE: CMA). At the moment, the rating agency has a price target of $37 placed on the company's stock. On Tuesday, CMA added 2.06% to its value to finish the day at $26.80.
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Capital One Nabs HSBC Credit Card Biz
Wednesday, August 10, 2011 - 3:58am | 294Capital One Financial (NYSE: COF), one of the largest U.S. credit issuers, will pay $2.6 billion to acquire HSBC's (NYSE: HBC) U.S. credit card business. The move comes as part of plans by HSBC, Europe's largest bank, to raise cash. The company recently announced it will trim its workforce by 30,...
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Does The Bernank Have Another Trick Up His Sleeve?
Tuesday, August 9, 2011 - 11:02am | 241All eyes will be on the Federal Reserve Bank Chairman Ben Bernanke this afternoon as the central bank holds their FOMC meeting. The Bernank now holds a press conference where he will take questions from reporters. Every investor is now waiting to see if the Fed boss will talk about a possible QE-3...