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Itau Unibanco Holding SA (NYSE:ITUB) Gets Clobbered as Bank of America (NYSE:BAC) Sells Stake in Brazilian Bank

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... 
Citigroup (NYSE:C) Will Probably Avoid $10 Billion Tax Liability

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... 
J.P. Morgan (NYSE:JPM) Shareholders Reject Separation of CEO/Chairman Role, Looking for Dividend

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... 
Morgan Stanley (NYSE:MS) Shareholders Say No to Independent Chairman

Morgan Stanley (NYSE:MS) Shareholders Say No to Independent Chairman

At the annual shareholder meeting of Morgan Stanley (NYSE:MS), shareholders rejected the proposal that the chairman of the company must be an independent director who hadn’t ever worked as an executive officer there. The board... 
John Paulson Increases Stake in Bank of America (NYSE:BAC), Keeps Citigroup (NYSE:C) Unchanged

John Paulson Increases Stake in Bank of America (NYSE:BAC), Keeps Citigroup (NYSE:C) Unchanged

Most investment firms with over $100 million in holdings are required to file what is called a 13-F, which reports the various investments the firms engage in. John Paulson is one of the best in this area, and he continues to like... 
George Soros Sells Citigroup (NYSE:C) Stake, Increases Holdings in J.P. Morgan (NYSE:JPM)

George Soros Sells Citigroup (NYSE:C) Stake, Increases Holdings in J.P. Morgan (NYSE:JPM)

George Soros has had enough of Citigroup (NYSE:C), and via his Soros Fund Management, he pretty much liquidated his position in the bank which had been performing strongly in the first quarter, but obvious fundamentals didn’t... 
Goldman Sachs (NYSE:GS) Says Equities More Bullish than Credit Markets

Goldman Sachs (NYSE:GS) Says Equities More Bullish than Credit Markets

Goldman Sachs (NYSE:GS) released a report today saying the equity market for companies in the S&P 500 are considered more bullish this weak, after markets viewed them as bearish last week. Suggestions from Goldman were investors... 
Citigroup (NYSE:C) Says Concerns over EU Debt Moving from Costs to Growth

Citigroup (NYSE:C) Says Concerns over EU Debt Moving from Costs to Growth

The initial concerns over the bailing out the irresponsible spending of countries in southern Europe were costs of doing so, but according to Citigroup (NYSE:C), that has now changed to how much effect it will have on growth. Coupled... 
Bank of America’s (NYSE:BAC) Overdue Credit Card Loans Fall in April

Bank of America’s (NYSE:BAC) Overdue Credit Card Loans Fall in April

Credit card loans for customers of Bank of America (NYSE:BAC) dropped to their lowest levels since November 2008, making Bank of America the top bank in that segment. The bank said the reasons for the improvement were because of tax... 
Credit Swap Costs Rising, Will Affect Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Others

Credit Swap Costs Rising, Will Affect Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Others

Concerns over increasing regulations for the banking industry has the cost of credit default swaps rising, which not only could affect banks like Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS), but is already increasing the cost of... 
Citigroup (NYSE:C), Bank of America (NYSE:BAC),JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley’s (NYSE:MS) Exposure to European Crisis

Citigroup (NYSE:C), Bank of America (NYSE:BAC),JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley’s (NYSE:MS) Exposure to European Crisis

It hasn’t taken more than few days after the announcement that the European Union would be bailing out the socialist, welfare states of the region, when it is being increasingly realized that this is another way of saying we’re... 
Richard Bove Downgrades UBS (NYSE:UBS) and Credit Suisse (NYSE:CS) as Europe Deteriorates

Richard Bove Downgrades UBS (NYSE:UBS) and Credit Suisse (NYSE:CS) as Europe Deteriorates

Rochdale Securities banking analyst Richard Bove downgraded UBS (NYSE:UBS) and Credit Suisse (NYSE:CS) from “Buy” to “Neutral,” based solely on the deteriorating economic situation in Europe. Both banks were... 
Citigroup (NYSE:C) Plunges Below $4 A Share on EU Sovereign Debt Crisis

Citigroup (NYSE:C) Plunges Below $4 A Share on EU Sovereign Debt Crisis

The fallout from the decision to offer almost $1 trillion to the socialist, welfare nations of southern Europe is hitting stocks hard today, as Citigroup (NYSE:C) has fallen below $4 a share, and about 12 stocks are falling for every... 
Morgan Stanley (NYSE:MS), Credit Suisse (NYSE:CS) Concerned Over EU Inflation

Morgan Stanley (NYSE:MS), Credit Suisse (NYSE:CS) Concerned Over EU Inflation

As investors have digested the implications of the bailout package of close to $1 trillion for the irresponsible spending by the countries in southern Europe, Morgan Stanley (NYSE:MS) and Credit Suisse (NYSE:CS) have rightly noted... 
Bank of America (NYSE:BAC) Says April Best Month for Permanent Mortgage Modifications

Bank of America (NYSE:BAC) Says April Best Month for Permanent Mortgage Modifications

The original HAMP mortgage modification program was a disaster, as the required paperwork demanded by the government completely hindered the purpose of HAMP. After changes though, Bank of America (NYSE:BAC) says things are improving... 
Andrew Cuomo Investigating Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), others, Over “Misleading” Ratings Agencies

Andrew Cuomo Investigating Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), others, Over “Misleading” Ratings Agencies

Andrew Cuomo has initiated another investigation, this time into eight banks, which include Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), UBS, Deutsche Bank, Credit Agricole and... 
AIG (NYSE:AIG) Putting Microscope on Goldman Sachs (NYSE:GS) Over CDOs During Financial Crisis

AIG (NYSE:AIG) Putting Microscope on Goldman Sachs (NYSE:GS) Over CDOs During Financial Crisis

At its annual meeting, AIG (NYSE:AIG) Chief Executive Officer Robert Benmosche said they have their legal team going over the dealings the company had with Goldman Sachs (NYSE:GS) and others with CDOs during the financial crisis, which... 
Citigroup (NYSE:C) Nabs Executive from Bank of America’s (NYSE:BAC) US Trust for New York Regional Head

Citigroup (NYSE:C) Nabs Executive from Bank of America’s (NYSE:BAC) US Trust for New York Regional Head

U.S. Trust, a wealth management division of Bank of America (NYSE:BAC), lost another key executive, this time to Citigroup (NYSE:C), which had been looking for a permanent head of their New York region. Charles Merrill will head up... 
Bank of America (NYSE:BAC) Joins Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM) with No Trading Losses in First Quarter

Bank of America (NYSE:BAC) Joins Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM) with No Trading Losses in First Quarter

Bank of America (NYSE:BAC) is the latest giant financial institution to announce it experienced no trading losses in the first quarter, making it three banks now claiming that distinction, including Goldman Sachs (NYSE:GS) and J.P.... 
Deutsche Bank (NYSE:DB) Reiterates “Buy” Rating on Citigroup (NYSE:C)

Deutsche Bank (NYSE:DB) Reiterates “Buy” Rating on Citigroup (NYSE:C)

Deutsche Bank analyst Matt O’Connor reiterated a “Buy” rating on Citigroup (NYSE:C), along with his price target of $505, after meeting with Citigroup CFO John Gerspach on Monday. Much of O’Connor’s rating is based... 
Citigroup (NYSE:C) Likes DISH Network (NASDAQ: DISH), Maintains Buy Rating

Citigroup (NYSE:C) Likes DISH Network (NASDAQ: DISH), Maintains Buy Rating

Citigroup (NYSE:C) likes what it sees with DISH Network (NASDAQ:DISH), and maintained its ‘Buy’ rating on the company as a result. Quarterly earnings for the company exceeded analysts’ expectations, as they generated... 
Citigroup (NYSE:C) Sees Aluminum Prices Rising, Alcoa (NYSE:AA), Century Aluminum (Nasdaq:CENX) Would Benefit

Citigroup (NYSE:C) Sees Aluminum Prices Rising, Alcoa (NYSE:AA), Century Aluminum (Nasdaq:CENX) Would Benefit

Citigroup (NYSE:C) estimates the price of aluminum could rise almost 25 percent, benefiting aluminum giants like Alcoa (NYSE:AA) and Century Aluminum (Nasdaq:CENX). The projected price from Citigroup is predicated on what is called... 
Goldman Sachs (NYSE:GS) Wins Every Trading Day For Quarter

Goldman Sachs (NYSE:GS) Wins Every Trading Day For Quarter

Goldman Sachs (NYSE:GS) has proved once again why they’re the top investment bank in the world, as every trading day in the last quarter they generated a profit, something they had never done before. The metric used was where... 
Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) Fighting Derivatives Provision

Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) Fighting Derivatives Provision

Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC). the five banks benefiting the most from trading derivatives, are out in full force to fight against the... 
Citigroup (NYSE:C) Reaffirms Bank of America (NYSE:BAC) “Buy” Rating

Citigroup (NYSE:C) Reaffirms Bank of America (NYSE:BAC) “Buy” Rating

Citigroup (NYSE:C) released a research report today reaffirming their “Buy” rating on Bank of America (NYSE:BAC). In the report, Citigroup gave their reasoning as this: “.,. we believe BAC represents the best value...