-
PNC To Acquire RBC Unit For $3.45B
Monday, June 20, 2011 - 7:00am | 165PNC Financial Services Group Inc (NYSE: PNC) 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 be accretive to earnings by 2013, or sooner...
-
PNC Announces Agreement to Buy RBC Bank (USA)
Monday, June 20, 2011 - 6:51am | 259The PNC Financial Services Group, Inc. (NYSE: PNC) and Royal Bank of Canada (NYSE: RY) today announced that they have signed a definitive agreement for PNC to acquire RBC Bank, the U.S. retail banking subsidiary of Royal Bank of Canada, for $3.45 billion, or $112 million discount to tangible book...
-
US Stock Futures Down On Greek Rescue Delay
Monday, June 20, 2011 - 6:34am | 345US 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 60 points to 11,878.00 and futures on the S&P 500 stock index fell 6.60 points to 1,259.40. Nasdaq 100 futures dropped...
-
PNC Moves On RBC Unit For $3.45B
Monday, June 20, 2011 - 1:19am | 214PNC Financial Services (NYSE: PNC), the Pennsylvania-based regional banking giant, may announce as early as Monday that it will acquire the retail banking business of Royal Bank of Canada (NYSE: RY) for $3.45 billion in cash and stock, Bloomberg News reported, citing sources with knowledge of the...
-
Top Financial Stocks in Brazil
Monday, June 20, 2011 - 12:17am | 644According to the International Monetary Fund and the World Bank, Brazil has the largest economy in Latin America, the world's eighth largest economy, and the seventh largest in purchasing power parity. Fortunately for US investors, there are plenty of Brazilian stocks that trade on the New York...
-
Wells Fargo Exits Reverse-Mortgages, Who's Next?
Thursday, June 16, 2011 - 3:22pm | 198Wells Fargo (NYSE: WFC) announced today that it would be exiting the reverse-mortgage business, on the potential for further declines in U.S. home values. “The decision was made based on today's unpredictable home values,” the San Francisco-based lender said today in a statement distributed by...
-
Stocks to Watch for 6/16/11: Fresh 52-Week Highs and Lows
Thursday, June 16, 2011 - 2:28am | 2229The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...
-
Mad Money Lightning Round OT: Cramer Is A Seller Of CEL (CIB, CEL, POT, TNH)
Wednesday, June 15, 2011 - 7:57pm | 186On CNBC's Mad Money Lightning Round OT, Jim Cramer advised his viewer to take some profits in Bancolombia S.A. (ADR) (NYSE: CIB). Bancolombia S.A. (ADR) (CIB) fell 1.54% today, and it closed at $65.41. Cramer is worried about Cellcom Israel Ltd. (NYSE: CEL), and he wants to sell this stock. He...
-
Wells Fargo and Guodian United Power Technology Company Ltd. Announce Strategic Cooperation in Renewable Energy
Wednesday, June 15, 2011 - 9:10am | 43Wells Fargo & Company (NYSE: WFC) and Guodian United Power Technology Company Ltd. announced today they have signed a strategic cooperation agreement to work together in exploring opportunities in the wind industry in the United States.
-
S&P Downgrades 4 Greek Banks
Wednesday, June 15, 2011 - 8:05am | 60As Greece continues to burn, the situation only continues to get worse. Overnight, S&P said it cut ratings on four Greek banks to CCC from B. The banks affected are National Bank of Greece (NYSE: NBG), EFG Eurobank, Alpha Bank and Piraeus Bank. S&P's outlook is negative on the banks.
-
Go green, go broke?
Wednesday, June 15, 2011 - 1:01am | 682Is it really worth it to protect the environment? Well, companies of all shapes and sizes think so, including Dell (NASDAQ: DELL), IBM (NYSE: IBM) and HSBC Holdings (NYSE: HBC). I'm assuming that most people, if given the choice, would go green if it had no negative impact on their bottom line. We...
-
Economists: Hey Fed, Don't Do Anything Else
Monday, June 13, 2011 - 3:18pm | 205A survey of economists have said that the Federal Reserve should let the economy heal itself, and no additional stimulus is needed, or warranted. If the Fed tried to do additional stimulus, it could actually do more harm than good. 36 of the 38 economists who were surveyed said that any...
-
Dollar Strength Dips the Market 06-10-2011
Monday, June 13, 2011 - 3:05pm | 938Cusick's Corner This is one of those moments where one side of the market gets to sit back and think things are fat and happy - dollar up, metals and market down. This is a moment, one to respect, and now the "whys" start to pop up, .i.e. the market is down because of bad data/weak sectors like...
-
Options Brief: Banco Santander, S.A.
Monday, June 13, 2011 - 2:50pm | 88Shares of Banco Santander, S.A. (NYSE: STD) are lower on the session by 0.27%, trading at $11.04. Overall call volume is now running at 2.79x the daily average, with 66% of all calls traded being purchases on the offer. 5,719 contracts have traded on the session so far. Banco Santander, S.A. is...
-
S&P Financial Sector Update 6/13/11
Monday, June 13, 2011 - 12:52pm | 611The Financial Sector is one of the strongest areas of the market in today's trading session, currently 0.46% higher on the day. The best performing stocks in the S&P 500 Financial Sector currently are: 1) Citigroup (NYSE: C): Shares of Citigroup are currently trading up 1.9% from Friday's...