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Wilmington Trust Claimed Vice Presidents Misappropriated Data -Bloomberg (WL)
Thursday, April 7, 2011 - 3:50pm | 17Wilmington trust (NYSE: WL) claimed vice presidents misappropriated data.
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Options Brief: TriQuint Semiconductor, Inc. (TQNT)
Thursday, April 7, 2011 - 12:25pm | 95Shares of TriQuint Semiconductor, Inc. (NASDAQ: TQNT) are higher on the session by 0.48%, trading at $12.55. Overall put volume is now running at 2.42x the daily average, with 58% of all puts traded being purchases on the offer. 1,164 contracts have traded on the session so far. TriQuint...
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Morning Market Movers (XNPT, AXN, OLCB, MOV)
Thursday, April 7, 2011 - 9:49am | 148XenoPort Inc (NASDAQ: XNPT) climbed 64.89% to $10.52 at 9:45 am. GlaxoSmithKline Plc (NYSE: GSK) and XNPT received approval from the US Food and Drug Administration (FDA) for the drug Horizant. Aoxing Pharmaceutical Company Inc (AMEX: AXN) shares surged 20.00% to $2.70. AXN shares have dropped 11....
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Time To Consider PNC On Dividend, Buyback Announcement? (PNC)
Thursday, April 7, 2011 - 9:39am | 207PNC Financial (NYSE: PNC) announced this morning that it would raise its quarterly dividend by 250%, going to 35 cents per share. The dividend will be payable on May 5, 2011, and is payable to shareholders as of the close of April 18, 2011. In addition to the dividend hike, the Pittsburgh-based...
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PNC Financial Announces $500 Million Buyback (PNC)
Thursday, April 7, 2011 - 9:30am | 44PNC Financial (NYSE: PNC) announced it would be buying back $500 million of its common stock. It also announced it would be raising its dividend by 250%, moving to 35 cents per share. Shares of PNC closed at $63.77 yesterday.
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PNC Financial Announces $500 Million Buyback (PNC)
Thursday, April 7, 2011 - 9:29am | 44PNC Financial (NYSE: PNC) announced it would be buying back $500 million of its common stock. It also announced it would be raising its dividend by 250%, moving to 35 cents per share. Shares of PNC closed at $63.77 yesterday.
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PNC Plans to Repurchase up to $500M of Common Stock During 2011
Thursday, April 7, 2011 - 9:17am | 24PNC (NYSE: PNC) plans to repurchase up to $500 million of common stock during the remainder of 2011.
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PNC Raises Common Stock Dividend by 250% to 35 Cents Per Share
Thursday, April 7, 2011 - 9:15am | 109The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 35 cents per share, an increase of 25 cents per share, or 250 percent, from the prior quarterly dividend of 10 cents per share. The new dividend is payable May 5...
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BancFirst Corporation Announces Agreement to Acquire FBC Financial Corporation (BANF)
Thursday, April 7, 2011 - 9:02am | 102BancFirst Corporation (NASDAQ: BANF) today announced that it has entered into an agreement to acquire FBC Financial Corporation and its subsidiary bank, 1st Bank Oklahoma with banking locations in Claremore, Verdigris, Tulsa and Inola, Oklahoma. 1st Bank Oklahoma has approximately $256 million in...
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Oppenheimer Maintains Perform Rating On TCB
Thursday, April 7, 2011 - 7:47am | 151Oppenheimer is maintaining its Perform rating on shares of TCF Financial Corporation (NYSE: TCB). “News flow related to the Durbin Amendment has contributed to the volatility of TCB with the stock outperforming year-to-date,” Oppenheimer writes. “We are turning more cautious on TCB ahead of 1Q11...
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Regional Banks to Watch on Thursday April 07
Wednesday, April 6, 2011 - 6:03pm | 1713( click to enlarge ) City National Corp. (CYN) closed the day very strong, trading 2x normal daily volume and closing near highs. The way the stock closed, leads me to believe there is a buyer in the stock. CYN confirmed today the reversal when it broke up above the $58.48 level. According...
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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Invests $100m In Sagicor Financial Of Barbados To Develop Caribbean Insurance Industry, Including Through Microfinance Institutions (MFIs)
Wednesday, April 6, 2011 - 4:44pm | 120The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently agreed to invest up to USD 100 million in Sagicor Financial Corporation, a financial institution based in Barbados, to develop the market for insurance products in the Caribbean. The investment...
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Associated Banc-Corp Completes The Repurchase Of $262.5 Million Of TARP Preferred Stock (ASBC)
Wednesday, April 6, 2011 - 4:26pm | 118Associated Banc-Corp (NASDAQ: ASBC) announced today that it has completed the repurchase of 262,500 shares of the Series A Preferred Stock that it issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program. Associated Banc-Corp paid the U.S....
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Associated Banc-Corp Completes the Repurchase of $262.5M of TARP Preferred Stock
Wednesday, April 6, 2011 - 4:22pm | 119Associated Banc-Corp (NASDAQ: ASBC) announced today that it has completed the repurchase of 262,500 shares of the Series A Preferred Stock that it issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program (TARP) Capital Purchase Program. Associated Banc-Corp paid the...
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Compass Point LLC Reiterates Regions Financial $4 PT, Sell Rating (RF)
Wednesday, April 6, 2011 - 2:29pm | 46Compass Point LLC reiterated its Regions Financial (NYSE: RF) $4 price target and Sell rating in a research report published today. Shares of Regions Financial are currently trading at $7.32 at the time of posting, up 1.81% from Tuesday's market close.