-
Oppenheimer Maintains Perform Rating On Comerica Despite Recent Underperformance
Monday, March 28, 2011 - 8:04am | 151Oppenheimer maintains its Perform rating on Comerica (NYSE: CMA) despite the relative underperformance in price this year. Its view on the Sterling Banc acquisition is that it's a step backward before going two steps forward for the company. In order to take that step forward investors need more...
-
Barclays Subject Of Libor Probe (BCS)
Friday, March 25, 2011 - 11:28am | 92Barclays PLC (NYSE: BCS) is reportedly the subject of a probe into potential manipulation of the London interbank offered rate, or LIBOR. Regulators have supposedly investigating into whether Barclays and other banks tried to change the LIBOR rate by underestimating their actual borrowing costs...
-
How To Trade The Saving Of Portugal (EWP, STD)
Friday, March 25, 2011 - 8:48am | 238After Portugal's government decided against austerity and Prime Minister Jose Socrates resigned, Portugal really only has one option: take a bailout from Europe, or watch the country crumble. Portugal has two maturities coming due, one in April, and one in June, and Portugal will have to...
-
Puts Purchased on ICICI Bank Limited (IBN)
Thursday, March 24, 2011 - 11:35am | 128Shares of ICICI Bank Limited (NYSE: IBN) are higher on the session by 2.09%, currently trading at $47.80. The stock has been moving largely lower over the past six months, but it is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today....
-
Top 4 Large-Cap Stocks In The Foreign Money Center Banks Industry With The Highest Revenue (STD, BCS, DB, UBS)
Thursday, March 24, 2011 - 1:17am | 130Below are the top large-cap foreign money center banks stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Banco Santander SA (NYSE: STD) is $43.31 billion. STD's operating margin for the same period is 38.41%. The trailing-twelve-month revenue at Barclays...
-
Puts Purchased on Bank of Ireland (IRE)
Wednesday, March 23, 2011 - 11:50am | 131Shares of Bank of Ireland (NYSE: IRE) are lower on the session by 2.08%, currently trading at $1.88. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short...
-
Trading The Glencore IPO (BAC, BCS, UBS, CS, C, MS)
Tuesday, March 22, 2011 - 1:35pm | 305According to Bloomberg, Glencore International AG, the largest commodities trader, is almost ready to announce the eight investment banks that will be underwriting its Hong Kong IPO, worth some $10 billion. According to sources close to the situation, Bank of America Corp. (NYSE: BAC), Barclays...
-
Benzinga's Political Roundup (DB, BCS)
Tuesday, March 22, 2011 - 12:09pm | 134The Federal Reserve is going to release emergency lending-data from the financial crisis after the Supreme Court denied the request from major banks to keep it secret. Barclays (NYSE: BCS) is weighing a bid on Maiden Lane II, as there has been backlash from the public if AIG (NYSE: AIG) were to...
-
Morgan Stanley Ups IBN To Overweight
Tuesday, March 22, 2011 - 6:46am | 48Morgan Stanley Ups IBN To Overweight Analysts at Morgan Stanley upgrade ICICI Bank Limited (NYSE: IBN) from “equal weight” to “overweight.” IBN shares fell 1.18% to close at $44.21 yesterday. More Analyst Ratings here
-
Supreme Court Says Banks Can't Hide Fed Lending Data
Monday, March 21, 2011 - 2:57pm | 190New information related to the Federal Reserve's emergency loans to banks that took place during the financial crisis in 2008 will soon come to light, following a decision on Monday from the U.S. Supreme Court. The Supreme Court decided to uphold a ruling by the federal court of appeals that...
-
MICROCAPITAL BRIEF: Swarna Pragati Housing Microfinance Launches Micro-Mortgage Product In Maharashtra, India
Monday, March 21, 2011 - 2:50pm | 146Swarna Pragati Housing Microfinance Limited, an Indian housing finance institution, has launched a housing microfinance product in the central-Indian state of Maharashtra. Swarna Pragati plans to disburse INR 30 million (USD 652,000) in loans to 100 self-help groups (SHGs) in an effort to reach 500...
-
Wells Fargo Struggles Despite Market Rally
Monday, March 21, 2011 - 10:04am | 65Wells Fargo & Co.(NYSE: WFC) is struggling this morning to catch a meaningful bid higher despite the large stock market advance. This tells us that Wells Fargo stock is weak relative to the major stock indexes. Scalp traders can watch the $31.40 area as intra-day support and a likely bounce...
-
RBS Ups WBK To Buy
Monday, March 21, 2011 - 5:58am | 41Analysts at RBS upgrade Westpac Banking Corporation (NYSE: WBK) from “hold” to “buy.” WBK shares gained 1.88% to close at $112.83 on Friday. More Analyst Ratings here
-
Benzinga's Top ETF Decliners, March 18th (TVIX, EWV, ZSL, DPK)
Friday, March 18, 2011 - 10:05pm | 190VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) traded lower for the second trading session in a row. TVIX fell 6.36%, and closed at $52.99. ProShares UltraShort MSCI Japan (ETF) (NYSE: EWV) fell 5.50% as Mizuho Financial Group, Inc. (ADR) (NYSE: MFG) gained 2.88%, and Canon Inc. (ADR) (...
-
Benzinga's Top ETF Gainers, March 18th (URA, EZJ, AGQ, DAG)
Friday, March 18, 2011 - 9:48pm | 182Global X Uranium ETF (NYSE: URA) traded 9.19% higher on Friday. In the space, Cameco Corporation (USA) (NYSE: CCJ) spiked 4.63%, and Uranium One, Inc. (TSE: UUU) gained 13.58%. ProShares Ultra MSCI Japan (NYSE: EZJ) gained 5.77%, and it closed at $69.15. Canon Inc. (ADR) (NYSE: CAJ) jumped 2.44%,...