Home » Archive for March, 2010
Citibank (NYSE: C) Raises Price Target on Emdeon (NYSE: EM), Maintains Hold Rating
Citibank (NYS:E C) analysts maintained its hold rating on Emdeon (NYSE: C) and raised their price target on the company to $20.00, up from $19.00 after the company announced their fourth quarter earnings per share and offered a positive... More of this article »
Citigroup (NYSE: C) Reiterates Buy Rating on American Express (NYSE: AXP)
Citigroup (NYSE: C) reiterated its buy rating on American Express (NYSE: AXP) and maintained their $48.00 price target following a meeting that American Express executives had with investors. Citi analyst Donald Fandetti commented,... More of this article »
U.S. Government May Sell Citigroup Shares after April 19th (NYSE: C)
The U.S. government may begin winding down its ownership in Citigroup (NYSE: C) after the company releases its first quarter earnings numbers on April 19th, according to a new report from the WSJ. The U.S. government’s lock-up period... More of this article »
Trading Volume Ramps Up In Hartford Financial (NYSE: HIG) Ahead Of TARP Repayment, Stock Offering
Trading volume on shares of Hartford Financial (NYSE: HIG) surged on Thursday following the insurer’s pricing of its secondary stock offering. The offering is part of Hartford’s plan to raise capital in order to payback taxpayer... More of this article »
Hartford Financial Services Group (NYSE:HIG) Selling Bonds to Repay TARP
Hartford Financial Services Group (NYSE:HIG) announced it will sell $1.1 billion in bonds and another $1.95 billion in preferred and common stock in order to pay back the $3.4 billion in TARP funds it received from the Treasury Department. Capital... More of this article »
First American Sued by Bank of America (NYSE:BAC) Over Claims of ‘Lien Protection’
The lawsuits continue to fly in reference to the banking industry, as everyone is trying to recoup losses from the ongoing mortgage debacle which still has a long way to go before they’re purged from the system. The latest Lawsuit... More of this article »
Morgan Stanley (NYSE:MS) and Citigroup (NYSE:C) Request to Change 2003 Firewall Agreement Denied by Judge
A legal agreement between Morgan Stanley (NYSE:MS), Citigroup (NYSE:C) and the Securities and Exchange Commission created a firewall which separated the investment banking units of the companies form research analysts. A request to... More of this article »
Citibank (NYSE: C) Maintains Buy Rating on Microsoft (NASDAQ: MSFT), Raises Price Target
Citibank (NYSE: C) maintained its “Buy” rating on Microsoft Corp. (NASDSAQ: MSFT) and raised the company’s price target to $32.00, up from $31.00 after visiting Microsoft’s Redmond campus. Analyst Walter H. Pritchard said,... More of this article »
Citibank (NYSE: C) Cuts Outlook on Worldwide Financials Sector to Neutral
Citibank’s (NYSE: C) team of equity strategists have cut their stance on the worldwide financial sector to “neutral”, down from “overweight” on Thursday, citing the sector’s ultra-high beta equity trade in recent years. Citi... More of this article »
Bank of America (NYSE:BAC), Citigroup (NYSE:C), HSBC Holdings Plc NYSE:HBC), and ING Groep NV – Managing Sale of Mexico Peso Bonds
Bank of America (NYSE:BAC), Citigroup (NYSE:C), HSBC Holdings Plc, ING Groep NV have been hired by Mexico to manage its offering of peso bonds which will be linked to inflation. The bonds will mature in 30 years. The bonds will be... More of this article »
J.P. Morgan Chase (NYSE:JPM) Settlement with Lehman Brothers Approved by Judge
J.P. Morgan Chase (NYSE:JPM) and Lehman Brothers Holdings received approval from a judge for the settlement agreement between the two companies. Per the agreement, J.P. Morgan will receive cash and collateral from Lehman Brothers while... More of this article »
Citigroup (NYSE:C) Spinning Off Insurance Unit, Primerica Files for IPO of $252 Million
Citigroup (NYSE:C) has made the decision to focus on and keep only those assets connected to their core banking business, and their latest divestiture will be their life insurance unit – Primerica. The life insurance unit has... More of this article »
Bank of America (NYSE:BAC) Seeking Approval to Sell More Products in China
With North America as a growth market largely over, multi-national banks like Bank of America (NYSE:BAC) are targeting emerging markets as their engine of growth, with China being one of the key markets. Bank of America, while now... More of this article »
Mexico Hires Bank of America, Citibank and Others to manage Sale of Peso Bonds (BAC, C)
Mexico has hired Bank of America Corp (NYSE: BAC), HSBC Holdings (NYSE: HBC), ING Groep NV (NYSE: ING) and Citibank’s (NYSE: C) Banamex unit to manage the sale of new 30-year inflation-linked peso bonds in its local market. The Mexican... More of this article »
Citigroup and Goldman Sachs Hired by GMAC to Explore TARP Repayment Options (C, GS)
Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS) have been hired by GMAC Inc to explore options for repaying its bailout funds related to the Troubled Asset Relief Program, according to several sources. GMAC head Michael Carpenter... More of this article »
J.P. Morgan (NYSE:JPM): Emerging Market Countries, Companies, Issue Half of Bonds in 2010
J.P. Morgan (NYSE:JPM) estimates that half of the bonds issued so far in 2010 have been issued by emerging-market countries, generating a total of $55 billion so far for the quarter, with estimates it could reach over $60 billion for... More of this article »
Citibank (NYSE: C) to Expand its Proprietary Trading Operations
Citibank (NYSE: C) is rumored to be developing plans to expand its proprietary trading unit as the Obama administration is hoping to prevent banks from engaging in the controversial practice, according to a new report from Business... More of this article »
Citigroup (NYSE:C) Spends $1.25 million on Lobbying Government
In a move to influence government decisions concerning potential regulations related to the banking industry, Citigroup (NYSE:C) spent about $1.25 million on lobbying during the fourth quarter. While a significant amount, it was slightly... More of this article »
Bank of America (NYSE:BAC) Survey Shows Fund Managers Moving Back into Equities
A Bank of America (NYSE:BAC) survey of fund managers around the world for the month of March revealed they are starting to believe in equities again and are looking to the United States more than Europe as the place to invest their... More of this article »
Bank of America Made 20,666 Permanent Home Mortgage Modifications in February (BAC)
Bank of America (NYSE: BAC) made a total of 20,666 permanent home loan modifications during the month of February under the government’s Making Home Affordable. The Charlotte, N.C. based bank, along with Citigroup, made a significant... More of this article »
Citibank (NYSE: C) to Provide $576 Million in Loans to Build Low Income Housing Units in New York
Citibank (NYSE: C) will provide $576 million in loans and cash to help New York City create more than 20,000 affordable housing units for low-income families over the next four years, according to the company’s chief of community... More of this article »
People Capital Provided 6 Students with 100,000 in Loans during First Month
Peer to peer lending firm, People Capital, has originated 100,000 in new loans to student borrowers during its first month of operations from five different lenders, with another 45 student borrowers waiting on funding, according to... More of this article »
Fox Business Discovers Peer-to-Peer Lending
Fox Business News recently interviewed Lending Club CEO Renauld Laplanche to discuss the lack of consumer lending on behalf of traditional bricks and mortar banks and discussed how individual investors are taking the place of banks... More of this article »