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Morgan Stanley Reports On Citigroup's Reverse Split (C)
Tuesday, March 22, 2011 - 7:26am | 108Morgan Stanley Reports On Citigroup's Reverse Split (C) Morgan Stanley has issued a report on the performance of stocks following the reverse split of Citigroup (NYSE: C). In the report Morgan Stanley writes, "More than half the companies underperform the market following a reverse split. This...
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Stock Market alerts for Tuesday Mar 22
Monday, March 21, 2011 - 5:01pm | 1365( click to enlarge ) Bank of America Corporation (NYSE:BAC) is trapped between the 50 day moving average and the 200 day moving average. I feel a big move one way or the other is coming. A close above the 50 day moving average at $14.31 would be bullish, a close below 200 day moving average...
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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...
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Citi Announces 1-for-10 Reverse Stock Split
Monday, March 21, 2011 - 11:10am | 89Banking giant Citigroup (NYSE: C) announced plans Monday to conduct a 1-for-10 reverse stock split and resume paying a quarterly dividend. The reverse stock split will slash the number of Citi's outstanding shares to 2.9 billion from about 29 billion. Citi, which recently finished repaying its $...
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Citigroup Up 3% On Reverse Split, Dividend News (C)
Monday, March 21, 2011 - 9:02am | 111Citigroup Inc. (NYSE: C) shares are called higher in pre-market trading after the company announced it would do a 1 for 10 reverse split of its shares, and it also announced it would initiate a 1 cent per share dividend next quarter. After the reverse stock split, Citigroup will now have 2.9...
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Citigroup Announces Reverse Stock Split
Monday, March 21, 2011 - 8:01am | 52Citigroup Inc. (NYSE: C) today announced a 1-for-10 reverse stock split of Citigroup common stock. Citi also announced that it intends to reinstate a quarterly dividend of $0.01 per common share in the second quarter of 2011, following the effective date of the reverse stock split.
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Lehman Trustee Sues Citigroup Unit for $1.3 Billion (C)
Monday, March 21, 2011 - 12:31am | 292The trustee overseeing the liquidation of Lehman Brothers Holding's broker dealer is seeking to recover $1.3 billion from Citigroup's (NYSE: C) Citibank unit, according to a complaint filed in U.S. bankruptcy court in Manhattan on Friday. The trustee hopes to recover cash and other assets that...
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Market Both Popped Then Faded on News 03-18-2011
Friday, March 18, 2011 - 7:14pm | 866Cusick's Corner Stocks rose earlier on the day after G7 central banks agreed to coordinate efforts in the currency markets to help weaken the Japanese yen. Japan continues to struggle with their crisis – however, there was not much focus on the news that Japan's nuclear alert level rose from 4 to...
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Lehman Suing Citigroup For $1.3 Billion (C)
Friday, March 18, 2011 - 3:13pm | 122The trustee who is overseeing the liquidation of Lehman Brothers Holdings' broker dealer has sued Citigroup (NYSE: C) in order to get back more than $1.3 billion n cash and assets, according to Reuters. Included in the assets are a $1 billion deposit Citigroup wanted to continue providing foreign...
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Central Banks Intervene to Weaken Yen 03-18-2011
Friday, March 18, 2011 - 2:56pm | 981Cusick's Corner The Japanese yen set a record high against the dollar yesterday. The Federal Reserve and the other G7 central banks took action – they coordinated plans to intervene in the currency markets to help weaken the yen in order to reverse part of the rally that has happened since the...
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Friday's Mid-Day Options Volume Leaders (C, AAPL, CSCO, BAC, PLD)
Friday, March 18, 2011 - 2:43pm | 88Friday's Mid-Day Options Volume Leaders 1. Citigroup (NYSE: C) 261,511 contracts, 65.1% calls, 34.9% puts2. Apple Inc. (NASDAQ: AAPL) 261,189 contracts, 47.7% calls, 52.3% puts3. Cisco Systems (NASDAQ: CSCO) 222,750 contracts, 65.7% calls, 34.3% puts4. Bank of America (NYSE: BAC) 140,758 puts, 68....
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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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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...