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Puts Purchased on National Bank of Greece S.A. (NBG)
Friday, March 18, 2011 - 1:24pm | 148Shares of National Bank of Greece S.A. (NYSE: NBG) are lower on the session by 0.52%, currently trading at $1.90. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short...
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Benzinga's Political Roundup (JPM, WFC, FXY, USO)
Friday, March 18, 2011 - 12:23pm | 184The Federal Reserve announced it would let some banks raise their dividends, and J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) have been among a few banks who have already done that. Last night, we saw a major intervention from the G7 to weaken the yen (NYSE: FXY) to help calm markets made...
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Options Brief: ICICI Bank Limited (IBN)
Friday, March 18, 2011 - 12:06pm | 95Shares of ICICI Bank Limited (NYSE: IBN) are lower on the session by 0.11%, trading at $44.71. Overall put volume is now running at 3.05x the daily average, with 4% of all puts traded being purchases on the offer. 5,652 contracts have traded on the session so far. ICICI Bank Limited is a banking...
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Slew Of Banks Raise Dividends (JPM, USB, WFC, BBT)
Friday, March 18, 2011 - 12:02pm | 338As written about yesterday, a slew of banks just announced they were raising dividends, and we expect to hear more sometime today or early next week. J.P. Morgan (NYSE: JPM), U.S. Bancorp (NYSE: USB), Wells Fargo (NYSE: WFC) and BB&T (NYSE: BBT) all announced dividend raises, with the first...
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Slew Of Banks Raise Dividends (JPM, USB, WFC, BBT)
Friday, March 18, 2011 - 12:01pm | 328As written about yesterday, a slew of banks just announced they were raising dividends, and we expect to hear more sometime today or early next week. J.P. Morgan (NYSE: JPM), U.S. Bancorp (NYSE: USB), Wells Fargo (NYSE: WFC) and BB&T (NYSE: BBT) all announced dividend raises, with the first...
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J.P. Morgan, Wells Fargo Raise Dividends (JPM, WFC)
Friday, March 18, 2011 - 11:48am | 78Wells Fargo (NYSE: WFC) and J.P. Morgan (NYSE: JPM) announced dividend hikes just a few minutes ago. Both stocks are rising on the news. JPM is raising its quarterly dividend to $0.25 while WFC is raising its quarterly dividend to $0.12. Wells Fargo has also authorized a $200 million share...
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U.S. Bancorp Announces 150 Percent Increase in Quarterly Common Stock Dividend and Authorizes New 50 Million Share Repurchase Program
Friday, March 18, 2011 - 11:38am | 125The board of directors of U.S. Bancorp (NYSE: USB) has approved a 150 percent increase in the dividend rate on U.S. Bancorp common stock to $0.50 on an annualized basis, or $0.125 on a quarterly basis. The quarterly common stock dividend of $0.125 per common share is payable on April 15, 2011, to...
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Wells Fargo & Company Increases Quarterly Cash Dividend Rate to $0.12 and Increases Common Stock Repurchase Authority
Friday, March 18, 2011 - 11:34am | 65Wells Fargo & Company (NYSE: WFC) today announced a special first quarter 2011 cash dividend on its common stock of $0.07 per share, which together with the $0.05 per share dividend declared on January 25, 2011, brings the total dividend declared for the first quarter to $0.12 per share. The...
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Doug Kass Shorting J.P. Morgan, Wells Fargo (JPM, WFC)
Friday, March 18, 2011 - 11:31am | 57Doug Kass tweeted that he is shorting J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC). Kass is a notorious bear and is a contributor to TheStreet.com.
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Banco Santander Chile Establishes a Medium Term Note Program for US$5.5 Billion
Friday, March 18, 2011 - 8:25am | 68Banco Santander Chile (NYSE: SAN) announced today that it has established a US$5.5 billion Medium Term Notes Program. Under this program, Banco Santander Chile will be able to issue medium term notes, which may be issued on a subordinated or unsubordinated basis. The notes will be denominated in...
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WestLB Upgrades STD To Neutral
Friday, March 18, 2011 - 6:13am | 46Analysts at WestLB upgrade Banco Santander SA (NYSE: STD) from “reduce” to “neutral.” STD shares gained 4.88% to close at $11.61 yesterday. More Analyst Ratings here
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Top 4 Small-Cap Stocks In The Financial Sector With The Highest Cash (MF, IBKR, AIB, PNSN)
Friday, March 18, 2011 - 1:19am | 150Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. MF Global Holdings Ltd (NYSE: MF) had $26.04 billion in total cash and $20.63 billion in total debt for the latest quarter. Interactive Brokers Group Inc (NASDAQ: IBKR) had $20.29 billion in total cash and...
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Monster Bounce, However, There Are Pockets Of Weakness
Thursday, March 17, 2011 - 3:30pm | 408Today, the major stock indexes are staging a very good rally. The advance higher in the market is broad based as most leading stock sectors are trading higher. However, there are pockets of weakness in the market that cannot be ignored today. These weak trading leading stocks could be signaling...
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Banking Round-Up (JPM, BAC, WFC, C)
Thursday, March 17, 2011 - 3:22pm | 173The Federal Reserve is expected to approve some banks plans to raise their dividends tomorrow. This is giving the sector a little bit of a boost in late trading, but most of the banks continue to trade very heavy, which could be a concern for the stock market going forward. It does not seem,...
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Cramer's St. Patrick's Day Picks (PKI, WFC)
Thursday, March 17, 2011 - 2:48pm | 241This afternoon on CNBC, Jim Cramer said that with regard to Perkinelmer Inc. (NYSE: PKI), “it's nice to see a company doing extraordinarily well.” “They do a lot of Chinese water testing, so they're already there,” Cramer said. “They do it all. Whatever' wrong ing the water, they spot it. I bet...