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Government To Lenders: Reimburse Homeowners Or Else! (BAC, C, JPM, WFC)
Wednesday, April 13, 2011 - 1:25pm | 190The federal government has told several different mortgage lenders and servicers today that they must reimburse homeowners who were incorrectly foreclosed upon. The Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency told Ally Financial Inc., Aurora Bank,...
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3 Signs to Look for Before Investing in Financial Bank Stocks
Wednesday, April 13, 2011 - 1:09pm | 697When the economic crisis of 2008 bashed the financial sector, many of the country's largest banks traded at valuations that would have been unthinkable just a few years earlier. Some institutions have seen the price of their shares rebound, but they're still trading at levels below their pre-crisis...
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Options Brief: National Bank of Greece S.A. (NBG)
Wednesday, April 13, 2011 - 12:15pm | 95Shares of National Bank of Greece S.A. (NYSE: NBG) are higher on the session by 1.13%, trading at $1.79. Overall put volume is now running at 6.75x the daily average, with 30% of all puts traded being purchases on the offer. 9,491 contracts have traded on the session so far. National Bank of...
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Financial Stocks Fade From Open
Wednesday, April 13, 2011 - 10:09am | 172This morning the street was raving about the J.P.Morgan Chase & Co.(NYSE: JPM) earnings. The stock was trading higher in the pre-market by 0.85 cents to $47.56 a share. Since the opening bell rang at the New York Stock Exchange the stock has declined sharply lower trading negative briefly...
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Fast Money Picks For April 13th (EEM, HGSI, USB, HUN)
Tuesday, April 12, 2011 - 7:18pm | 185On CNBC's Fast Money, Tim Seymour said that you should stay short iShares MSCI Emerging Markets Index (ETF) (NYSE: EEM). iShares MSCI Emerging Markets Index (ETF) (EEM) fell 1.88% today, and closed at $48.52. Guy Adami thinks that Human Genome Sciences (NASDAQ: HGSI) should be bought tomorrow....
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Top Percentage Gainers And Losers As Of 10 a.m. 4/12/2011 (CYH, THC, SKH, JPM, EXEL, GS, TIBX, HPQ, SIFY, WMS, GFRE, EXTR, SB, AIB, CCRT, GIL, THLD, BRNC, SIMG)
Tuesday, April 12, 2011 - 10:28am | 464Best 1) Community Health Systems (NYSE: CYH): Shares are vaulting 16.57% to $30.18. The stock took a huge hit in yesterday's session, trading down as low as $22.32 after Tenet Healthcare (NYSE: THC) filed a lawsuit against the company alleging illegal admission of patients in order to benefit...
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Allied Irish Sees Reduction Of Over 2,000 Jobs -Bloomberg (AIB)
Tuesday, April 12, 2011 - 7:13am | 21Allied Irish Banks (NYSE: AIB) sees reduction of over 2,000 jobs on phased basis.
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Top Percentage Gainers and Losers as of 3:30 p.m. 4/11/2011(TSTY, FLO, GLBC, AMMD, ENDP, CT, EFII, IDIX, MILL, BAC, AFFX, CYH, QUIK, CIGX, THC, BDCO, SCEI, WPRT, IRE, TDSC, GFRE)
Monday, April 11, 2011 - 3:30pm | 553Best 1) Tasty Baking Company (NASDAQ: TSTY): Stock is skyrocketing a remarkable 146.58% to $3.96 in today's action after Flowers Foods (NYSE: FLO) revealed plans to buy the company for $4 per share in an all-cash arrangement. 2) Global Crossing (NASDAQ: GLBC): Surging 58.51% to $23.46 after...
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Top Percentage Gainers and Losers as of 2 p.m. 4/11/2011(TSTY, FLO, GLBC, LVLT, AMMD, ENDP, EFII, IDIX, BAC, SNSS, AFFX, MCP, CYH, QUIK, THC, TDSC, WPRT, SCEI, IRE)
Monday, April 11, 2011 - 2:12pm | 530Best 1) Tasty Baking Company (NASDAQ: TSTY): Stock has jumped a resounding 146.58% to $3.96 after Flowers Foods (NYSE: FLO) revealed plans to buy the company for $4 per share in an all-cash arrangement. 2) Global Crossing (NASDAQ: GLBC): Surging 57.09% to $23.25 after Level 3 Communications (...
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Benzinga's Political Roundup (BCS, HBC)
Monday, April 11, 2011 - 12:14pm | 132President Obama is going to lay out his plan for reducing the national deficit on Wednesday. This comes after the Democrats and Republicans were able to avoid a last minute shutdown of the government on Friday night. The Independent Commission on Banking recommended the U.K.'s biggest banks...
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Royal Bank Of Canada Hits 52-Week High (RY)
Monday, April 11, 2011 - 11:07am | 35Royal Bank Of Canada (NYSE: RY) has hit a 52-week high in today's trading. At last check the year-to-date performance of RY has been a gain of 22%.
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Top Performing Industries For April 11 (BBY, PRGO, GLBC, BCS)
Monday, April 11, 2011 - 10:08am | 193At 10:05 am, the Dow gained 0.41% to 12,430.31, the broader Standard & Poor's 500 index moved up 0.29% to 1,332.07 and the NASDAQ composite index rose 0.07% to 2,782.33. The industries that are supporting the market today are: Electronics Stores: This industry jumped 1.32% by 10:15 am. The...
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Opening Top Percentage Gainers and Losers (TSTY, FLO, GLBC, LVLT, AMMD, ENDP, HRZ, CHLN, QUIK, CYH, THC, TDSC, AIB)
Monday, April 11, 2011 - 10:01am | 359Best 1) Tasty Baking Company (NASDAQ: TSTY): Stock has jumped a resounding 146.58% to $3.97 after Flowers Foods (NYSE: FLO) revealed plans to buy the company for $4 per share in an all-cash arrangement. 2) Global Crossing (NASDAQ: GLBC): Vaulting 76.16% to $26.22 after Level 3 Communications (...
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Deutsche Bank Maintains Buy Rating On BAP
Monday, April 11, 2011 - 7:59am | 115Deutsche Bank reports that, according to Reuters, “leftist candidate Ollanta Humala won the first round of elections in Peru.” “He is likely to face Keiko Fujimori, but Pedro Pablo Kuczynski still has a chance to advance,” Deutsche Bank writes. “While most polls have shown that Humala is unlikely...
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UPDATE: J.P. Morgan Downgrading MB Financial, Cutting Price Target (MBFI)
Monday, April 11, 2011 - 7:46am | 232J.P. Morgan Chase & Co. is downgrading shares of MB Financial (NASDAQ: MBFI) to Neutral from Overweight, but is leaving its $23 price target. In a note to investors, J.P. Morgan writes, "In our 2011 Stockpicker's Guide we highlighted MBFI as our top pick for 2011. At the time, we viewed the...