Home » Archive for May, 2010
Primerica (NYSE: PRI) Share Price Jumps after Citigroup (NYSE: C) Divesture
Primerica Inc (NYSE: PRI), a life-insurer which was recently spun off in an IPO from Citigroup, Inc (NYSE: C) has risen significantly after the company released its first earnings report since its initial public offering. Primerica’s... More of this article »
Morgan Stanley (NYSE: MS) Analysts Say Invest in Visa (NYSE: V) and MasterCard (NYSE: MA)
Morgan Stanley (NYSE: MS) analyst say that both Visa Inc (NYSE: V) and MasterCard Inc (NYSE: MA) may be undervalued, even though Senate Democrats are attempting limit the fees that credit card companies can charge to merchants. Visa... More of this article »
Citigroup, Inc (NYSE: C) Begins Investigation on 1,000 Point Dow Drop Trade
A Citigroup, Inc (NYSE: C) spokesman said on Thursday that it is investigating a rumor that one of its traders helped cause a drop of nearly 1,000 points in the Dow Jones Industrial Average by entering an erroneous trade. The New York-based... More of this article »
Banco do Brasil Stock Offering To Be Managed By Bank of America (NYSE: BAC), Citigroup (NYSE: C), BTG Pactual
Banco do Brasil announced that it has hired the local Brazilian offices of Bank of America (NYSE: BAC), Citigroup (NYSE: C), along with BTG Pactual, a Brazilian securities company, to manage its planned stock offering. Banco do Brasil,... More of this article »
Morgan Stanley (NYSE:MS) Downgrades Westar Energy (NYSE:WR) To Equal Weight from Overweight
Westar Energy (NYSE:WR) has become a victim of its own success, as its strong 11 percent increase in share price since the early part of March has ended with Morgan Stanley (NYSE:MS) downgrading them from equal weight to overweight,... More of this article »
J.P. Morgan (NYSE:JPM) Invests in Microinsurance Fund LeapFrog Investments
J.P. Morgan (NYSE:JPM) is among the latest companies to invest in LeapFrog Investments, which is a microinsurance fund developed to target Asia and Africa low-income communities. They recently invested $10 million in the company... More of this article »
Wells Fargo (NYSE:WFC) Upgrades Diamond Management & Technology Consultants (Nasdaq: DTPI) from Market Perform to Outperform
Diamond Management & Technology Consultants, Inc. was the recipient of an upgrade from Wells Fargo (NYSE:WFC), as the giant bank upgraded the company from market perform to outperform. Wells likes what they saw in the last quarter,... More of this article »
Citigroup’S (NYSE:C) Share Price Drop Costs Treasury Over $1 Billion
Now that the trajectory of the share price of Citigroup (NYSE:C) has reversed direction and is plunging, it is close to falling below the $4 a share mark, not too long after flirting with the $5 a share mark, where some thought it... More of this article »
Lending Club to Hold New Investor Forum on May 6th
Peer to peer lending company Lending Club will be hosting a new investor meeting on May 6th at 4:00 PM ET. According to Lending Club’s statement, “This forum will help you streamline the investing process, and become a... More of this article »
Lending Club Offering Up to 2% Cash on New Deposits from Investors
Lending Company, a firm which offers a peer to peer lending marketplace, is offering investors a cash bonus for any new money invested with Lending Club by may 26th. Lending Club will provide the following tiered bonus to investors... More of this article »
Goldman Sachs (NYSE:GS) will Re-examine Business Practices says Blankfein
In a conference call with the wealthiest customers of its private-wealth-management business, Goldman Sachs’ (NYSE:GS) CEO Lloyd Blankfein said there’s a positive outlook to the fraud charges against the company in that... More of this article »
J.P. Morgan Chase (NYSE: JPM) Taking “Second Look”. But Are Businesses Looking Back?
When a bank in the year 2010, particularly a bank that has been branded as “too big to fail”, runs an ad pledging a commitment to lend $10 billion to small businesses, it doesn’t take long for the fact checkers to try to verify... More of this article »
Bank of America Corp (NYSE: BAC) Appoints New Executive in India Unit
Bank of America Corp (NYSE: BAC) has appointed a new executive in its India unit. The Charlotte, NC-based bank has appointed Asit Bhatia as its new managing director for Corporate and Investment Banking in India. Bhatia, who will be... More of this article »
Haiti to Receive $1 Million in Grants from Citigroup (NYSE:C) for Microfinance Institutions
Local microfinance institutions in Haiti will be the recipients of $1 million in grants from Citigroup which will be distributed via three of those institutions to aid in the rebuilding of the microfinance industry, which was devastated,... More of this article »
Beazer Homes USA (NYSE:BZH) Price Target Raised by Citigroup (NYSE:C)
The price target of Beazer Homes USA (NYSE:BZH) has been raised by Citigroup (NYSE:C) to up to $7 a share today. Beazer Homes has been lingering for some time because of the need to focus on issues related to their balance sheet. That... More of this article »
Citigroup (NYSE:C) Launching $200 Million Small Business Fund
Citigroup (NYSE:C) CEO Vikram Pandit said in a recent interview that the bank will soon put into motion a $200 million small business fund which will offer loans to help small businesses in lower and medium income communities. The... More of this article »
Citigroup, Inc (NYSE: C) and Bank of America (NYSE: BAC) Pressured by U.S. Treasury to Step Up Home Loan Modifications
Citigroup, Inc (NYSE: C), Bank of America Corp (NYSE: BAC) and other large-cap banks are being pressured by the U.S. Treasury Department to improve the rate that they are providing modifications at. Citigroup, Bank of America and others... More of this article »
Citigroup (NYSE: C) comments on SunTrust (NYSE: STI) and BB&T (NYSE: BBT)
Citigroup (NYSE: C) analysts commented on several south-eastern regional banks including BB&T Capital (NYSE: BBT), SunTrust (NYSE: STI) and Synovus Financial (NYSE: SNV) Citigroup reiterated buy recommendations on BB&T and... More of this article »
MasterCard (NYSE: MA) Q1 Profit Jumps 24 Percent On Transaction Growth
MasterCard (NYSE: MA) reported Tuesday that first quarter earnings jumped 24 percent as the number of transactions the company processed and the prices they charged merchants to handle them were both higher in the period. The credit... More of this article »
Bank of America (NYSE:BAC) Reiterates “Buy” Rating on Itau Unibanco Holding SA
Bank of America (NYSE:BAC) analyst Jorg Friedemann continued his “buy” rating on giant Brazilian bank Itau Unibanco Holding SA, citing “improving asset quality and efficiency,” in a note to clients. The largest... More of this article »
Citigroup (NYSE:C): Commodity Companies BHP Billiton (ASX:BHP) and Xstrata (LON:XTA) May Cut Expansion, Acquisitions on Super Tax
Planned expansion by BHP Billiton (ASX:BHP) and Xstrata (LON:XTA) may be dramatically cut back according to Citigroup (NYSE:C) and others, as a new 40 percent levy by the Australian government, along with double taxation which is paid... More of this article »
Citigroup (NYSE:C) Breaks Up ‘Telecommunications, Media and Technology’ Unit, Bill Kennish Lands at Macquarie Group (ASX:MQG)
The head of telecommunications, media and technology banking at Citigroup (NYSE:C), Bill Kennish, has reportedly left the bank as the company overhauls the unit. The team headed by Kennish was broken up, leading to his departure. Last... More of this article »
CEO Moynihan Discusses Whether Bank of America (NYSE: BAC) is “Too Big To Fail”
Bank of America Corp (NYSE: BAC) CEO Brian Moynihan appeared on Fox Business with Neil Cavuto and defended the company’s current size, saying that it needs to be that large to best serve its customers. Here’s the video... More of this article »