Archive for November, 2010
Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM) Lead Rise in Bank Stocks
Street Sweep is reporting that stocks in the financial sector are enjoying rapid growth, with Bank of America (BAC) and JPMorgan Chase (JPM) leading the charge. However, with the unexpectedly positive jobs report on Friday coming on the heels of the Federal Reserve’s announcement of a second round of stimulus, it’s not unreasonable for investors [...]
“Fishing Where The Fish Are.” Regions Financial Inc. (NYSE: RF) Highlights the State of Small-Business Lending
As reported in the Wall Street Journal, banks continue to look at factors like positive revenue growth as their criteria for issuing loans. However, the report by the Federal Reserve in New York also shows that many banks are paying more attention to the health of a company’s industry. Regions Financial Inc. (RF), for example, [...]
Under Pressure Again, Bank of America (NYSE: BAC) Rejects Requests to Repurchase Mortgages
Bank of America (BAC) has rejected a request to buy back $47 billion dollars in soured mortgage loans originated by Countrywide, who they bought in 2008. In an article on FDL.com, David Dayen reported that Bank of America’s rejection will likely trigger legal action by the consortium of investors who called for the repurchases, including [...]
Roth Boosts Price Target on Intel (NASDAQ: INTC)
Equities research analysts at Roth boosted their price target on shares of Intel (NASDAQ: INTC) from $20.00 to $25.00 in a research note to investors on Friday saying that the semiconductor industry will begin to recover during the first quarter of 2011. Intel Corporation is a semiconductor chip maker, developing advanced integrated digital technology products, [...]
There’s an App for That. Bank of America (NYSE: BAC), Citigroup (NYSE: C) Said to be Testing iPhone For Secure E-Mail
Two of the nation’s largest banks are said to be in a testing phase that could lead to Apple Inc.’s (NASDAQ: APPL) iPhone breaking the stranglehold in the corporate smartphone market. Bloomberg News is reporting that Bank of America (BAC) and Citigroup (C) are considering whether to let employees use the Apple iPhone as an [...]
Peer to Peer Lending Company Lending Club Offers Notes in North Carolina
Peer-to-peer lending company Lending Club has met regulatory requirements in the state of North Carolina and is now issuing loans to borrowers in the state. The California-based lender said in a statement that North Carolina borrowers have the opportunity to get unsecured personal loans with APRs as low as 6.78%, less than half of the [...]
worst video player ever- after over2:00 there's still no video appearing 