Archive for April, 2010
Morgan Stanley (NYSE:MS) Likes Medco Health Solutions (NYSE:MHS) and Express Scripts (Nasdaq:ESRX)
Insurers and others in the health sector have stopped the plunge in stock price they’ve experienced since the Obama administration and Democrats forced the legislation through against the will of the American people. Today that has started to change some, as insurers were up, and companies like Medco Health Solutions (NYSE:MHS) and Express Scripts (Nasdaq:ESRX) [...]
Morgan Stanley (NYSE: MS) Says Germany May Withdraw from Euro Zone
Morgan Stanley (NYSE: MS) warned that the debt crisis in Greece is setting off a chain of events which could lead to Germany withdrawing from the euro-zone. “The backstop package for Greece and the ECB’s climb-down on its collateral rules set a bad precedent for other euro area states and make it more likely that [...]
Questions About the SEC in Case Against Goldman Sachs (NYSE:GS)
There can be no doubt the charges by the SEC against Goldman Sachs (NYSE:GS) have been waiting in the wings as a political tool to use at the right time to promote the agenda of the Obama Administration, which has been tottering on the verge of extinction as it attempts to ram through legislation against [...]
Bank of America (NYSE: BAC) CFO Could Earn Up to $8.5 Million
Bank of America (NYSE: BAC) named Charles Noski as its new chief financial officer and according to a regulatory filing, Noski could earn as much as $8.5 million annually in salary and bonuses. The Charlotte, N.C.-based bank disclosed to the Securities and Exchange Commission that Noski will receive an $800,000 base salary and a signing [...]
Citigroup (NYSE:C) Doubles Profits, Pandit’s Guidance Cautious
Although Citigroup (NYSE:C) CEO Vikram Pandit was happy with the first quarter results, which surprised some by doubling profits and increasing revenue, Pandit was quit to add caution on any type of positive guidance going forward, implying there is a long road ahead for Citigroup, and they’re still going to experience a lot of ups [...]
Ford (NYSE: F) Offers Special “Raptor” Edition F-150
Ford Motor Co (NYSE: F) said that it has been inundated with orders for its specialty F-150 SVT “Raptor” off-road pickup and says that sales for the specialty pick-up have been well beyond its expectations. The “Raptor” is a special edition-F150 that was developed by Ford’s in-house sunk works and is is classified as a [...]
Citigroup (NYSE: C) Swings To Q1 Profit, Tops Estimates
Citigroup (NYSE: C) announced Monday that it swung to a profit in the first quarter, earning $4.4 billion or 15 cents a share, compared to a loss of $696 million in the same period a year earlier. The quarterly profit was the bank’s best since the second quarter of 2007 and was driven by shrinking [...]
Wells Fargo (NYSE: WFC) Expands Email ATM Receipts to NC and CO
Wells Fargo (NYSE: WFC) has expanded its electronic ATM receipt option to customers in North Carolina and Colorado. The ATM machines will offer customers the option of bypassing a paper receipt and instead receiving a message to their e-mail account or a secure online inbox on the Wells Fargo website. “By offering our customers this [...]
Bank of America (NYSE: BAC) Completed 12,234 HAMP Modifications in March
Bank of America Corp. (NYSE: BAC) added 12,234 new customers to its total of completed mortgage modifications under the federal Home Mortgage Affordability Program (HAMP) during the month of March, the bank’s largest increase to date. The Charlotte, N.C. based bank said that on Thursday, 32,900 customers have completed the modification process, up from 20,666 [...]
Citigroup (NYSE: C) Set to Release Earnings Today
Citigroup Inc (NSE: C) is scheduled to release its earnings result later this morning, although predictions from analysts are all over the board. On average, analysts are predicting that Citigroup will have total sales of $20.77 billion and an earnings per share of $0.00 (break-even), which would represent a 16.2% year-over-year decline. The news comes [...]
Bank of America (NYSE: BAC) Posts $2.83 Billion Q1 Net Income
Bank of America Corp. (NYSE: BAC) said that its net income increased to $2.83 billion during the first quarter, up from $2.81 billion during the same quarter a year ago. “With each day that passes, the 2010 story appears to be one of continuing credit recovery, and our results reflect a gradually improving economy,” said [...]
American Banking News Twitter Updates for the Week of 2010-04-18
Q&A-What's next for Polish c.bank after governor's death? – Reuters http://tinyurl.com/yea9e34 #Econ # Saudi Riyad Bank posts Q1 net jump, below forecasts – Reuters http://tinyurl.com/yeoe95k #Econ # BofA Plans Japan Corporate Banking Push – Wall Street Journal http://tinyurl.com/ycv4jd7 #Econ # Bank on Target Field, but Only So Much – FanHouse http://tinyurl.com/yexgnje #Econ # Bank of [...]
Citigroup (NYSE: C) Survey Says Ten-Year Swap Spreads to Remain Near Zero
A new survey from Citigroup Inc (NYSE: C) predicts that ten-year swap spreads will remain between 0% and 0.1% during the next three months. A swap spread is the difference between the rate to exchange fixed- for -floating interest payments for 10 years and similar-maturity U.S. note. The swap spread remained low at -2.88%. A [...]
Citigroup (NYSE: C) Completes $230 Million Sale of Primerica (NYSE: PRI) to Warburg Pincus
Citigroup Inc (NYSE: C) has completed a $230 million sale of Primerica (NYSE: PRI) common stock to private equity firm Warburg Pincus LLC, reducing its stake in the now public insurance company to less than 40%. Primerica is a company which sells life insurance and financial products through a network of about 100,000 agents and [...]
Goldman Sachs (NYSE: GS) Raises Price Target on Charles Schwab Corp. (Nasdaq: SCHW)
Goldman Sachs Group Inc (NYSE: GS) raised its price target on Charles Schwab Corp (NASDAQ: SCHW) from $18.00 to $20.00, but the firm kept its “neutral” rating on the stock brokerage company. Goldman said it is still early to get excited, but “tunnel-end in sight as rates rise.” Charles Schwab reported first quarter earnings per [...]
worst video player ever- after over2:00 there's still no video appearing 