Home » Archive for May, 2010
Citigroup Stock Has Affordable Valuation, Despite Broader Market Woes (NYSE: C)
Citigroup‘s (NYSE: C) share price has taken a beating since its recent mid-April highs of near $5.00 and is now trading down near $3.75, representing a 25% decline in value. Some investors believe that the market became a bit... More of this article »
SmartyPig Savings Account Moves to Tiered Interest Rates
SmartyPig, a company which offers a goal based online savings account, increased their interest rates for customers that have account balances of under $50,000 to 2.15% last week. The Des Moines, IA-based company will now be offering... More of this article »
Shares Of JP Morgan (NYSE: JPM), Bank Of America (NYSE: BAC) Jump On Bank Reform Approval
The financial sector jumped 3.6 percent on Friday as investors celebrated the U.S. Senate’s approval of financial reform legislation. The bill received an approval vote of 59-39, marking the first major step for the legislation... More of this article »
JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) Could Get Crushed by New Derivative Regulations
If the proposed new government regulations on derivatives remains in the financial reform bill passed on Thursday, large financial institutions like JP Morgan (NYSE:JPM), Goldman (NYSE:GS), and Morgan Stanley (NYSE:MS) could have earnings... More of this article »
Is SEC Fraud Case Against Goldman Sachs (NYSE:GS) Just a Shakedown? $1 Billion Settlement Just a Rumor
News has been spreading that Goldman Sachs is close to reaching a $1 billion, or possibly higher, settlement with the SEC. That’s a total rumor, based on some people reading far more into a statement by Goldman CEO Lloyd Blankfein,... More of this article »
Citigroup, Inc (NYSE: C) Issues Research note on BJ’s Wholesale (NYSE: BJ), Costco (NASDAQ: COST) and Sam’s Club (NYSE: WMT)
Citigroup, Inc (NYSE: C) analysts issued a research note on Friday discussing BJ’s Wholesale Club (NYSE: BJ) Costco (NASDAQ: COST) and Sam’s Club (NYSE: WMT), suggesting that the saturation of the discount wholesale club... More of this article »
Wells Fargo (NYSE:WFC) Warrants Sell For $849 Million
The U.S. Treasury is out trying to shore up its image today, as it attempted to make it look like it was saving a huge amount of money by selling their stakes in Citigroup (NYSE:C) and other companies they bailed out (even though it... More of this article »
Citigroup (NYSE:C) Performance Really Slashing Cost of Bailout?
It seems the announcement by the Treasury Department today that says the amount taxpayers will lose from the outrageous bailouts is far less that originally estimated, with Citigroup (NYSE:C), and other recipients of the funds, improving... More of this article »
Wells Fargo (NYSE: WFC) Boosts Student Loan Offerings
Wells Fargo (NYSE: WFC) announced it has expanded its student lending options, launching the Wells Fargo Student Loan for Parents program. The move aims to help parents cover their students’ education costs. According to the... More of this article »
Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Morgan Stanley (NYSE:MS) Could Get Crushed if Forced to Spin Off Swaps Desks
Now that the vote to close off debate on the huge financial regulation bill has passed by 60-40, voting on the bill will come very soon, and that raises concerns from banks like Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS),... More of this article »
Citigroup (NYSE:C) Credit Default Swaps Continue to Rise in Basis Points and Cost
With investors increasingly concerned over the outstanding debt in the secondary market, they are now demanding higher risk premiums, which is costing Citigroup a lot more money for its credit default swaps. A credit default swap will... More of this article »
Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Getting Crushed Under the Weight of Reality
The EU sovereign debt issue will remain on the table for some time with major financial institutions like Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC), are getting hit... More of this article »
Blood in the Streets for Citigroup (NYSE:C), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and JPMorgan (NYSE:JPM)
As the European sovereign debt crisis continues to unfold, it is increasingly obvious from the width and depth of the irresponsibility of all involved, that banks like Citigroup (NYSE:C), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC)... More of this article »
Citigroup, Inc (NYSE: C) Chairman Richard Parsons to Take Reduced Role
Citigroup, Inc (NYSE: C) chairman Richard Parsons has taken on a reduced role at the New York-based bank after the company’s board of directors was revamped during the past year because of pressure from the government. Parker... More of this article »
Peer to Peer Lending Investors Upset About Prosper.com’s New Loan Servicing Platform
Prosper.com, a company which offers a peer to peer lending marketplace to its members, has recently moved to a new loan servicing platform, which has left many of its investors unhappy with the company because of numerous individual... More of this article »
Lending Club Highlights Five-Year Notes in Investor Forum
Lending Club, a company which offers a peer to peer lending marketplace to its members, has highlighted the new opportunity take out loans with a term of five years from both an investor’s and borrower’s perspective on... More of this article »
Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM) Awarded Build America Bonds by Pennsylvania
Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) are the recipients of Build America Bonds offered by the state of Pennsylvania, generating $1 billion for the commonwealth. The Bank of America part of the bonds are what is... More of this article »
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM), Morgan Stanley (NTSE:MS) All Up on Senate Banking Vote
With almost all the major banks like Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM) and Morgan Stanley (NTSE:MS) having their share prices rise in anticipation of the test vote from... More of this article »
Itau Unibanco Holding SA (NYSE:ITUB) Gets Clobbered as Bank of America (NYSE:BAC) Sells Stake in Brazilian Bank
Brazilian bank Itau Unibanco Holding SA (NYSE:ITUB) had its share price hit hard after Bank of America (NYSE:BAC) announced their selling their entire stake in the financial institution. Bank of America held a 5.36 percent stake in... More of this article »
Citigroup (NYSE:C) Will Probably Avoid $10 Billion Tax Liability
Now that Citigroup (NYSE:C) has started to generate a profit again, they may be able to avoid a $10 billion tax hit which some believed they would have to endure. This is a reference to deferred tax assets, or DTAs, which are losses... More of this article »
Treasury Department To Cash In On Wells Fargo (NYSE: WFC) Warrants
The Treasury Department will make its latest move to regain additional taxpayer money on Thursday as an auction is scheduled to sell the Wells Fargo (NYSE: WFC) warrants it holds. The Treasury is expected to raise at least $715 million... More of this article »
General Electric (NYSE: GE) To Invest $20 Million In ShoreBank, Joins Bank of America (NYSE: BAC), Others In Rescue Effort
General Electric (NYSE: GE) said Tuesday that it will invest roughly $20 million in ShoreBank, joining several other big banks, such as Bank of America (NYSE: BAC) and JP Morgan (NYSE: JPM) in an attempt to save the bank from a government... More of this article »
J.P. Morgan (NYSE:JPM) Shareholders Reject Separation of CEO/Chairman Role, Looking for Dividend
At their annual shareholders meeting, J.P. Morgan (NYSE:JPM)investors rejected the proposal to separate the roles of CEO and chairman, which are both held by Jamie Dimon. The largest public pension fund in the U.S., Calpers, had supported... More of this article »