Archive for April, 2010
Capital One (NYSE: COF) Study Says Small Businesses Believe Economy is Steady
Capital One’s (NYSE: COF) small business banking unit released a new survey on Tuesday indicating that 73% small businesses across the country believe that the economy will stay the same or improve during the next six months. The results of the survey indicated that 47% of small businesses surveyed said that they believed the economic [...]
Visa Expands “Savings Edge” Small Business Savings Program (NYSE: V)
Visa (NYSE: V) announced yesterday that it has expanded its small business savings program, SavingsEdge, to include a number of new retailers including Staples, Orbitz, USA TODAY, La Quinta Inns & Suites and Box.net. Visa’s SavingsEdge program is designed to help small businesses save by providing customers with automatic discounts on qualifying purchases made with [...]
Citigroup (NYSE: C) Set To Release Earnings on April 19th
Citigroup (NYSE: C) is set to release its first quarter earnings results before the market opens on Monday, April 19th. During the fourth quarter of last year, Citigroup left investors disappointed by posting a negative earnings per share of $0.33, which exceeded the consensus estimates of $0.326 by $0.004. Citigroup had fourth quarter revenues of [...]
Citigroup (NYSE: C) in Financial Crisis Inquiry Commission Hot Seat
A panel tasked with identifying the causes of the financial crisis will interview current and former executives of Citigroup (NYSE: C) this week about the bank’s involvement in bringing in trillions of dollars worth of high-risk mortgage debt into the banking system. The hearings this week by the Financial Crisis Inquiry Commission (FCIC) are the [...]
Citigroup (NYSE: C) Cuts Earnings Estimates On Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS)
Shares of Wall Street banks Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) held up on Tuesday despite seeing first quarter earnings estimates cut by analysts at Citigroup (NYSE: C). Stocks for both firms finished the session relatively flat, even with the news of a reduction to estimates. Citigroup analysts believe the two banks [...]
Ford, Lincoln and Mercury Sales up 43% Compared to March 2009 (NYSE: F)
Sales of Ford, Lincoln and Mercury vehicles totaled 178,546 for the month of March, a 43% increase compared to the same month one year ago. Ford sales rose 46% versus on year ago, Lincoln sales increased 19% compared to one year ago and Mercury sales are up 26% compared to one year ago. Car sales [...]
Bank of America (NYSE: BAC) Set to Report Earnings on April 16th
Bank of America (NYSE: BAC) is set to report its first quarter 2010 earnings results before the market opens on Friday, April 16th. During the fourth quarter of 2009, Bank of America left investors relatively disappointed by reporting a $0.67 loss per share compared to the consensus estimates of $0.525. During the fourth quarter of [...]
Citibank Announces “Our Promise to California and Nevada” (NYSE: C)
SAN FRANCISCO–(BUSINESS WIRE)–Citibank today announced the launch of “Our Promise to California and Nevada” to reinforce the bank’s strong and ongoing commitment to the communities it serves and to putting its customers at the heart of everything it does. “Our Promise to California and Nevada” is built on the commitments that Citibank makes to its customers every day: from [...]
Morgan Stanley (NYSE:MS) Calls InterOil (NYSE:IOC) ‘Long Research Tactical Idea’ – Stock Surges
After Morgan Stanley (NYSE:MS) analyst Evan Calio called InterOil (NYSE:IOC) a ‘Long Research Tactical Idea,’ the stock surged by over 4 percent, and while pulling back a little, still is up by over 3.5 percent as I write. Morgan Stanley and Calio have been been high on the stocks since they instituted coverage on it [...]
Are Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) the Banks to Invest in?
We can’t escape the hoopla surrounding the alleged recovery of banks like Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC), but the question must be asked if these are really the best banks to invest in. If you’ve ever studied the investment style and philosophy of Warren [...]
Ford (NYSE: F) Foundation Launches Supporting Diverse Art Spaces Initiative
The Ford (NYSE: F) foundation has announced plans to create and support new art facilities across the country in a new plan called the Supporting Diverse Art Spaces Initiative. Ford’s foundation plans on donating more than $100 million to construct, maintain and enhance art facilities over the next decade. The new initiative is the single [...]
Has Citigroup (NYSE:C) Really Turned Around?
From an investors point of view, the positive news about Citigroup (NYSE:C) and the alleged turnaround of the company is worrisome, as there is far too much hype about the great job chief executive officer Vikram Pandit has done at the company, when there is very little to back up the optimism. That is reflected [...]
Former Citigroup (NYSE: C) Employee Suing for Sexual Discrimination
Former Citigroup (NYSE: C) employee Dorly Hazan-Amir is suing the New York-based bank in a sexual discrimination lawsuit. According to a report from the Telegraph, Hazan-Amir alleges that she received lower pay and bonuses than her male colleagues and was demoted to working below her former colleagues after returning from a maternity leave. Hazan-Amir’s suit [...]
Shares Of Wells Fargo (NYSE: WFC) Regions Financial (NYSE: RF), Zions Bancorp (NSDQ: ZION) Upgraded Ahead Of Q1 Results
Shares of Wells Fargo (NYSE: WFC), Regions Financial (NYSE: RF) and Zions Bancorp (NSDQ: ZION) all finished higher on Monday as buyers were sparked following an upgrade to all three stocks by analysts at Collins Stewart, according to a MarketWatch report. The firm lifted Wells Fargo from a hold to a buy and did the [...]
Wells Fargo (NYSE: WFC) Opens 26th LEED Certified Branch in California
Wells Fargo & Co (NYSE: WFC) has opened a new branch in Studio City, CA which meets the gold-level Leadership in Energy and Environmental Design (LEED) certification. The branch is located at 12900 Ventura Blvd in Studio City, CA and is the company’s 26th LEED-certified branch nationwide and is the company’s second certified branch in [...]
worst video player ever- after over2:00 there's still no video appearing 