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Macquarie Upgrades Westpac Banking To Outperform
Monday, June 27, 2011 - 7:37am | 19Macquarie has upgraded Westpac Banking (NYSE: WBK) from Neutral to Outperform.
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HSBC Holdings To Merge Saudi Arabian Unit With SABB Securities
Monday, June 27, 2011 - 3:30am | 82HSBC Holdings PLC (NYSE: HBC) announced its plans to merge its Saudi Arabian wholesale and investment banking unit with SABB Securities Ltd. SABB will have a 51% stake of the new entity, to be known as HSBC Saudi Arabia Ltd. HSBC expects the merger to complete by the end of this year. HSBC...
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Top 4 NYSE Stocks In The Regional-Midwest Banks Industry With The Highest Dividend Yield
Monday, June 27, 2011 - 12:12am | 119Below are the top regional-midwest banks stocks on the NYSE in terms of dividend yield. Old National Bancorp (NYSE: ONB) has a dividend yield of 2.70%. ONB's shares closed at $10.30 on Friday. US Bancorp (NYSE: USB) has a dividend yield of 2.10%. USB's shares closed at $23.92 on Friday. Comerica...
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Allied Irish Banks Announces That Discussions Are Continuing in Raising Capital
Thursday, June 23, 2011 - 2:01pm | 186Allied Irish Banks (NYSE: AIB) announces that discussions are continuing with the Government in respect of the terms and structure of a capital raising in order to satisfy AIB's revised regulatory capital requirements following on from previously indicated capital support for AIB as one of the two...
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Puts Purchased on Bank of Ireland
Thursday, June 23, 2011 - 11:16am | 131Shares of Bank of Ireland (NYSE: IRE) are lower on the session by 1.75%, currently trading at $1.12. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving average. Options traders are buying puts on the name today. A short...
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Options Brief: Barclays PLC
Thursday, June 23, 2011 - 10:44am | 72Shares of Barclays PLC (NYSE: BCS) are lower on the session by 3.75%, trading at $15.67. Overall put volume is now running at 2.50x the daily average, with 94% of all puts traded being purchases on the offer. 4,759 contracts have traded on the session so far. Barclays PLC is a global financial...
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Benzinga's Top ETF Gainers, June 22nd (AGA, FXP, EPV, NUGT)
Wednesday, June 22, 2011 - 5:40pm | 218PowerShares DB Agriculture Double Short ETN (NYSE: AGA) gained 4.04% on Wednesday, and it closed at $18.04. The Front month wheat futures dropped more than 5%, while corn futures lost more than 4%. ProShares UltraShort FTSE/Xinhua China 25 (NYSE: FXP) added 3.63%, and it closed at $29.42. CNOOC...
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Benzinga's Top Downgrades
Wednesday, June 22, 2011 - 8:17am | 137Analysts at HSBC downgraded Barclays PLC (NYSE: BCS) from “overweight” to “neutral.” Barclays' shares closed at $16.92 yesterday. Barclays's trailing-twelve-month ROA is 0.32%. Analysts at FBR Capital downgraded UDR Inc (NYSE: UDR) from “market perform” to “underperform.” UDR's shares closed at $...
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Banks Boost Funding For U.S. Solar Power
Tuesday, June 21, 2011 - 6:03pm | 95More funding deals are arising for U.S. solar power projects as the nation ramps up as a solar market. But it's uncertain if more corporations are apt to jump in to provide financing as Google has. Borrego Solar Systems said Tuesday U.S. Bank (USB) and Southern California's East West Bank (EWBC)...
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BMO Financial Group Receives Bank Regulatory Approvals to Acquire Marshall & Ilsley Corporation
Tuesday, June 21, 2011 - 1:57pm | 163Bank of Montreal (NYSE: BMO) today announced that it has received all key bank regulatory approvals required to complete its acquisition of Marshall & Ilsley Corporation (NYSE: MI). It is anticipated that the acquisition will close on July 5, 2011. "We are very pleased to have obtained all...
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Still A Fragile Market
Monday, June 20, 2011 - 3:43pm | 383In nearly every trading session over the past six weeks, the major stock market indexes have struggled into the close of the trading session. Four out of the past six Friday's have been sell offs. This is a very unusual occurrence and a change in character for the major stock indexes. Even today,...
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Financial Sector Dragging the Market
Monday, June 20, 2011 - 2:50pm | 449The Financials Sector is the weakest area of the S&P 500 in today's session, currently down 0.2% on the day. The weakest stocks currently in the S&P 500 Financials Sector are: 1) Goldman Sachs (NYSE: GS): Shares of Goldman Sachs are currently trading down 1.9% from Friday's close to $134....
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News Summary
Monday, June 20, 2011 - 9:34am | 234Shares of PNC Financial Services Group Inc (NYSE: PNC) fell about 0.5% after the company announced its plans to acquire RBC Bank (USA), the US retail banking subsidiary of Royal Bank of Canada (NYSE: RY), for $3.45 billion, or $112 million discount to tangible book value. PNC projects the deal to...
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Horizon Technology Finance Receives Commitment for New $150 Million Accordion Credit Facility With Initial $75 Million Commitment From Wells Fargo Capital Finance
Monday, June 20, 2011 - 8:30am | 197Horizon Technology Finance Corporation (Nasdaq: HRZN) today announced that it has received a commitment for a new credit facility up to $150 million with an initial commitment of $75 million from Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). The credit facility...
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A Peek Into The Market Before The Trading Starts
Monday, June 20, 2011 - 7:24am | 441Pre-open movers US stock futures are lower this morning, after euro zone finance ministers postponed a decision on a Greek bailout package. Futures on the Dow Jones Industrial Average dipped 52 points to 11,886.00 and futures on the S&P 500 stock index fell 5.60 points to 1,260.40. Nasdaq 100...