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Bank Failures: 3 So Far - Analyst Blog
Monday, January 17, 2011 - 4:31pm | 576Last Friday, U.S. regulators shuttered Brunswick, Georgia-based Oglethorpe Bank, taking the number of banks failing thus far in 2011 to 3. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly from the various programs launched by the...
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Bank Failures: 3 So Far - Analyst Blog
Monday, January 17, 2011 - 4:00pm | 576Last Friday, U.S. regulators shuttered Brunswick, Georgia-based Oglethorpe Bank, taking the number of banks failing thus far in 2011 to 3. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly from the various programs launched by the...
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Stock Market News for Jan 17, 2011 - Market News
Monday, January 17, 2011 - 11:31am | 1522On Friday, markets surged with both the Dow Jones and S&P recording new highs. The S&P ended with seven straight consecutive weeks of gains as banks leading the rally and JP Morgan returned encouraging earnings figures. Rising financial stocks also helped ease worries from a disappointing...
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Stock Market News for Jan 17, 2011 - Market News
Monday, January 17, 2011 - 10:15am | 1522On Friday, markets surged with both the Dow Jones and S&P recording new highs. The S&P ended with seven straight consecutive weeks of gains as banks leading the rally and JP Morgan returned encouraging earnings figures. Rising financial stocks also helped ease worries from a disappointing...
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Bank Stocks Lead Again - Voice of the People
Friday, January 14, 2011 - 7:01pm | 584Zacks' Voice of the People Highlights user inthemoneystocks: "Bank Stocks Lead Again" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Bank Stocks Lead Again The leading sector in the stock market is now the banking stocks. Since...
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CME Refinances Debt, Prepays $421M - Analyst Blog
Friday, January 14, 2011 - 7:01pm | 722In the latest of its debt restructuring initiatives, yesterday CME Group Inc. (CME) announced a loan prepayment of $420.5 million under the three-year credit and term loan agreement that was due August 2011. This revolving facility has further been replaced with a $1 billion multi-currency three-...
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CME Refinances Debt, Prepays $421M - Analyst Blog
Friday, January 14, 2011 - 6:34pm | 722In the latest of its debt restructuring initiatives, yesterday CME Group Inc. (CME) announced a loan prepayment of $420.5 million under the three-year credit and term loan agreement that was due August 2011. This revolving facility has further been replaced with a $1 billion multi-currency three-...
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Bank Stocks Lead Again - Voice of the People
Friday, January 14, 2011 - 6:33pm | 584Zacks' Voice of the People Highlights user inthemoneystocks: "Bank Stocks Lead Again" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Bank Stocks Lead Again The leading sector in the stock market is now the banking stocks. Since...
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Target's First Overseas Outpost - Analyst Blog
Friday, January 14, 2011 - 6:31pm | 735Target Corp. (TGT), in its first expedition outside the U.S., has announced its plan to expand into Canada by acquiring leases for 220 Zellers stores, owned by Hudson Bay Company. Target will be gaining the leasehold interests on the properties by paying C$1.825 billion to Zellers Inc. The...
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Target's First Overseas Outpost - Analyst Blog
Friday, January 14, 2011 - 5:57pm | 735Target Corp. (TGT), in its first expedition outside the U.S., has announced its plan to expand into Canada by acquiring leases for 220 Zellers stores, owned by Hudson Bay Company. Target will be gaining the leasehold interests on the properties by paying C$1.825 billion to Zellers Inc. The...
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J.P. Morgan Giving Back Gains On Bloomberg Headline (JPM, WFC, BAC)
Friday, January 14, 2011 - 3:48pm | 116Shares of J.P. Morgan (NYSE: JPM), which reported strong earnings this morning, have come off of session highs after Bloomberg reported that credit default swaps have been rising on the debt of major financial institutions during the day. Furthermore, some investors are questioning the quality of...
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Puts Purchased on Banco Bradesco (BBD)
Friday, January 14, 2011 - 1:42pm | 139Shares of Banco Bradesco (NYSE: BBD) are lower on the session by 0.25%, currently trading at $20.19. The stock has been moving largely lower over the past three months and is currently consolidating above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Fitch Downgrades Greece's Debt Rating To Junk, Outlook Negative (NBG)
Friday, January 14, 2011 - 1:30pm | 23National Bank of Greece (NYSE: NBG) is downgraded by Fitch today to Junk, outlook Negative.
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Foreclosure Wave Cresting, May Never Break
Friday, January 14, 2011 - 12:46pm | 656By Andrew Jeffery It's refreshing to see that in this time of great polarity, at least we all agree on something: "[Standard & Poor's] predicts the nation is about to see a deluge of new foreclosures that will drive real estate values back down." -- The National Policy Institute "I believe we...
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Bank Stocks Lead Again
Friday, January 14, 2011 - 11:45am | 276The leading sector in the stock market is now the banking stocks. Since late November 2010, this industry group has surged to the upside. Ironically, this sector began to surge higher once an arrest warrant was issued by Interpol on December 1st, 2010. Since that time Bank of America Corp.(NYSE:...