Archive for November, 2010
Lending Club Hits $180 Million in Funded Loans
Lending Club, a California-based peer to peer lending company, has now setup more than $180 million in loans between investors and borrowers on its website. As of November 13th, 2010, Lending Club has setup $180,723,825 in loans between borrowers on its website and has paid out more than $13.5 million in interest to investors that [...]
Citigroup (NYSE: C) Showing Positive Signs, Unscathed from Latest Mortgage Debacle Plaguing Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM), and Wells Fargo (NYSE: WFC)
It is no secret that Citigroup (NYSE: C) was on the ropes. At the height of the financial crisis, they were one of the most vulnerable banks, with high exposure to toxic debt and a basket of illiquid investments. Now though, nearly two years later, the company is starting to right the ship. The biggest [...]
JPMorgan Chase (NYSE: JPM) Buying Back Shares, or Issuing Dividends Next?
Jamie Dimon is confident. Following the financial crisis of 2008, JPMorgan Chase (NYSE: JPM) reluctantly halted their dividend while firming up the firm’s positions. In recent months, Dimon has commented multiple times that he looks forward to once again providing solid returns to his investors, endearing him to the investor community more than he already was. [...]
Debt Worries Continue to Plague Europe
The Financial Times reported earlier today that bailout worries exist on the sovereign debt for at least three European nations. Greece, Portugal, and Ireland remain in a precarious situation while functioning at very high debt to GDP ratios. Portuguese finance minister Fernando Teixeira dos Santos warned that the “risk is high” the country will have [...]
Lending Club’s IRA: What You Need to Know
If you have an interest in investing in consumer debt, but aren’t terribly excited about paying ordinary income tax on the money that you make in your Lending Club account, you might want to consider the IRA option that Lending Club has so that you can invest in the world of peer-to-peer lending in a [...]
Bank of America Corp (NYSE: BAC) Upgrades American Campus Communities (NYSE: ACC)
Equities research analysts at Bank of America Corp (NYSE: BAC)’s Merrill Lynch division upgraded shares of American Campus Communities (NYSE: ACC) from a “neutral” rating to a “buy” rating in a research note to investors on Friday. American Campus Communities, Inc. is a self-managed and self-administered equity real estate investment trust (REIT) specializing in the [...]
Lending Club to Hold Investor Webcast
Lending Club, a California-based peer to peer lending company, will be holding an “investor forum” web-cast on Thursday, November 18th at 4:00 PM PT. Lending Club Executive Sam Kasle announced the web-cast on Lending Club’s blog, writing “Next week, we’ll be hosting a fantastic opportunity to connect with the Lending Club team and learn more [...]
Comparing an IVA and Bankruptcy
Filing bankruptcy in the United States is a means for those that are over their head and debt to get a financial restart. The impression that many have is that those that file bankruptcy end up not paying any of their debt and walk away with a clean slate that is usually not the case. [...]
Bank of America (NYSE: BAC) Still Risky Investment
Bank of America (NYSE: BAC) continues to be a difficult read. The stock has posted gains of nearly 12% since hitting their 52-week low in late October amid the mortgage foreclosure debacle. The firm’s shares have also outperformed the other three mega-commercial banks: Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC). [...]
JPMorgan Chase (NYSE: JPM) Launching Mortgage Program in Detroit
The meltdown in the housing market has devastated homeowners across the country, and coupling that with rising unemployment rates and high rate resets on adjustable rate mortgages and you have a recipe for disaster. The banking industry and government agencies have been seeking to stem the loan losses, and strive to provide the borrowers alternatives [...]
Investors Returning to Hedge Funds
The wealthy customer is a peculiar breed in banking. They are coveted by all the major banks and financial institutions, and seemingly have the knowledge and wherewithal to be educated on and profit from the best opportunities. Due to their wealth, they are also able to often reject the charges and fees banks and brokerage [...]
Goldman Sachs Group Inc. (NYSE: GS) Boosts Estimates on Granite Construction (NYSE: GVA)
Equities research analysts at Goldman Sachs Group Inc. (NYSE: GS) boosted their earnings per share estimates on shares of Granite Construction (NYSE: GVA) in a research note to investors on Tuesday, with a price target of $25.00 and a “neutral” rating. Granite Construction Incorporated (Granite) is a heavy civil construction contractor in the United States. [...]
Debt Management Tips in a Post Recession World
If you’ve found yourself in a situation where you have a lot of consumer debt such as car loans, home equity loans or credit card debt, you’re not alone. As the unemployment rate has risen consumers have becoming increasingly concerned about the level of debt that they have and are working quickly to deleverage their [...]
As Bank Defaults Mount, Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Citigroup (C), Could Have to Pay More Into FDIC Fund
Reuters is reporting on a new proposal issued by U.S. regulators on Tuesday that would require large banks to pay more into a government fund used to cover the cost of seizing failed banks. Bank of America (BAC), JPMorgan Chase & Co (JPM) and Citigroup (C) combined would pay about $1 billion more annually in [...]
Bank of America (NYSE: BAC), PNC (NYSE: PNC) Sell $8.3 Billion in Blackrock Inc. NYSE: BLK) Stock
Bloomberg and Reuters are reporting that Bank of America Corp. (BAC) and PNC Financial Services (PNC) have sold a large part of their stakes in BlackRock, Inc. (BLK), the world’s largest asset manager. The sale was the largest public offering in the U.S. this year. BlackRock said the banks, which are their two largest investors, [...]
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