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Non-U.S. Banks Stock Update - Nov. 2010 - Zacks Analyst Interviews
Tuesday, November 16, 2010 - 5:33pm | 1972The global banking industry has been recovering at a slow pace from the worst financial crisis that started as a credit issue in the subprime segment of the U.S. mortgage market in mid-2007 and spilled over to Europe and other economies. Though the worst of the financial crisis is behind us, there...
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Non-U.S. Banks Stock Update - Nov. 2010 - Industry Outlook
Tuesday, November 16, 2010 - 5:33pm | 1972The global banking industry has been recovering at a slow pace from the worst financial crisis that started as a credit issue in the subprime segment of the U.S. mortgage market in mid-2007 and spilled over to Europe and other economies. Though the worst of the financial crisis is behind us, there...
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U.S. Bancorp Acquiring BofA Unit - Analyst Blog
Tuesday, November 16, 2010 - 5:33pm | 636In an effort to expand its corporate trust business, U.S. Bancorp's (USB) lead bank, U.S. Bank, has entered into an agreement to acquire Bank of America Corp.'s (BAC) U.S and Europe-based securitization trust administration businesses. The deal involves a cash purchase price of up to $35 million...
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Non-U.S. Banks Stock Update - Nov. 2010 - Industry Outlook
Tuesday, November 16, 2010 - 5:33pm | 2012The global banking industry has been recovering at a slow pace from the worst financial crisis that started as a credit issue in the subprime segment of the U.S. mortgage market in mid-2007 and spilled over to Europe and other economies. Though the worst of the financial crisis is behind us, there...
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Comerica Pops on Stock Buyback Announcement (CMA)
Tuesday, November 16, 2010 - 5:14pm | 114Shares of Comerica Inc. (NYSE: CMA) are popping higher in the after-hours after the company said that its board of directors authorized a stock and warrant buyback. Shares are currently higher by 3.16%, trading at $37.90. The board authorized CMA to purchase up to 12,576,281 shares, or about 7...
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Zings Of The Day (AIB)
Tuesday, November 16, 2010 - 5:01pm | 169The FDA is going to ban 4 Loko energy drinks, as it believes that caffeine mixed with alcohol is a dangerous combination. I guess fraternity guys will actually have to try to talk to girls now, instead of just getting them drunk. Mayor Michael Bloomberg told a Wall Street Journal business forum he...
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Calls Purchased on Bank of Ireland (IRE)
Tuesday, November 16, 2010 - 3:39pm | 139Shares of Bank of Ireland (NYSE: IRE) are higher on the session by 5.45%, currently trading at $2.32. The stock has been moving largely lower over the past six months and is currently trading below the 200-day and 50-day moving averages. Options traders are buying calls on the name today. A short...
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Bank of Ireland Pops 8% on Rescue Rumors (IRE)
Tuesday, November 16, 2010 - 1:18pm | 102Shares of Bank of Ireland (NYSE: IRE) jumped more than 9% in mid-day trade Tuesday, as speculation increased that Ireland would accept a European Union rescue package. Bank of Ireland stock rallied as high as $2.42 around noon EST, as Prime Minister Cowen is rumored to be laying the frame work for...
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Irish Banks Popping (IRE, AIB)
Tuesday, November 16, 2010 - 1:07pm | 75The Irish banks started moving sharply higher, indicating that Ireland is on the verge of a huge bailout. Allied Irish Banks, plc. (NYSE: AIB) is up 4 cents to $1.22, after having been as low as $1.09 on the day. Bank of Ireland (ADR) (NYSE: IRE) is up 18 cents to $2.38, a gain of 8%, after having...
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Options Brief: National Bank of Greece S.A. (NBG)
Tuesday, November 16, 2010 - 12:58pm | 98Shares of National Bank of Greece S.A. (NYSE: NBG) are lower on the session by 3.07%, trading at $1.90. Overall put volume is now running at 5.15x the daily average, with 89% of all puts traded being purchases on the offer. 2,267 contracts have traded on the session so far. National Bank of Greece...
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U.S. Bancorp Acquiring BofA Unit - Analyst Blog
Tuesday, November 16, 2010 - 12:06pm | 636In an effort to expand its corporate trust business, U.S. Bancorp's (USB) lead bank, U.S. Bank, has entered into an agreement to acquire Bank of America Corp.'s (BAC) U.S and Europe-based securitization trust administration businesses. The deal involves a cash purchase price of up to $35 million...
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Has the Bernanke Put Expired?
Tuesday, November 16, 2010 - 11:33am | 735As we all know the major stock market indexes have staged one of the best rallies for the year after Federal Reserve Bank Chairman Ben Bernanke announced his QE-2 program on August 27th, 2010 in Jackson Hole, Wyoming. On November 3rd, 2010 the Federal Reserve said that they would buy $600 billion...
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Market Roundup
Monday, November 15, 2010 - 1:44pm | 326US Technology stocks moved up, with Isilon Systems Inc (NASDAQ: ISLN) as the top performer in the list. EMC Corp (NYSE: EMC) has agreed to purchase ISLN for $2.25 billion or $33.85 per share in cash. Some of other gainers in the list were Hewlett-Packard Co (NYSE: HPQ), Dell Inc (NASDAQ: DELL),...
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Afternoon Market Update (CAT, BUCY, MS, WFC, KBE, AKAM, LLNW)
Monday, November 15, 2010 - 1:04pm | 281Moody's Investors Service has affirmed its long-term rating of “A2” on Caterpillar (NYSE: CAT) after the company announced its plans to buy Bucyrus International Inc (NASDAQ: BUCY) for $8.6 billion. Moody's said, "The affirmation of CAT's ratings reflects Moody's anticipation that the Bucyrus...
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U.S. Bank Failures Stretch to 146 - Analyst Blog
Monday, November 15, 2010 - 9:30am | 804The ongoing economic volatility took its toll on three more banks last week. Out of the three banks shuttered by the U.S. regulators last Friday, two were based in Georgia and one in Arizona. This brings the total number of bank failures to 146 so far in 2010, compared to 140 in 2009, 25 in 2008...