BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: A Sideways Sort of Day (C, F, AAPL)]]>http://www.bloggingstocks.com/2010/03/29/closing-bell-a-sideways-sort-of-day-c-f-aapl/http://www.bloggingstocks.com/2010/03/29/closing-bell-a-sideways-sort-of-day-c-f-aapl/http://www.bloggingstocks.com/2010/03/29/closing-bell-a-sideways-sort-of-day-c-f-aapl/#commentsThe big market news of the day is that Citigroup, Inc. (C) will not have Uncle Sam for a shareholder for much longer. The news that the Treasury would sell the taxpayer interest in the bank pushed shares down 3% to $4.18.

For the most part the market traded sideways. Ford Motor Company (F) dropped slightly on its announcement that it March sales were be nothing extraordinary. Shareholders expected the month to be a home run. Apple, Inc. (AAPL) shares hit a new 52-week high of $233.87 as excitement grew about its iPad launch

Today's unofficial closing bell numbers:

Dow 10,895.86 +45.50 (0.42%)
S&P 500 1,173.22 +6.63 (0.57%)
Nasdaq 2,404.36 +9.23 (0.39%)

Closing Bell: A Sideways Sort of Day (C, F, AAPL) originally appeared on BloggingStocks on Mon, 29 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ipadtarpus treasuryMon, 29 Mar 2010 17:00:00 EST<![CDATA[AIG to Hit Feds for Another $2 Billion]]>http://www.bloggingstocks.com/2010/03/17/aig-to-hit-feds-for-another-2-billion/http://www.bloggingstocks.com/2010/03/17/aig-to-hit-feds-for-another-2-billion/http://www.bloggingstocks.com/2010/03/17/aig-to-hit-feds-for-another-2-billion/#commentsFiled under: ,

American International Group (AIG) has gone back to the feds. The insurer pulled another $2.2 billion from its Treasury Department facility to support the property-casualty business units that will comprise the restructured company. AIG used the cash from Treasury to redeem some securities held by its insurance subsidiaries to increase liquidity and address rating agency considerations.

According to David Havens, managing director of credit trading at Nomura Securities (NMR), "AIG still needs to be cognizant of where the rating agencies stand on their solvency." He adds, in Bloomberg News, that the funds may have been sought after the company got "feedback from the rating agencies that the regulatory capital within the operating companies doesn't muster up."

Continue reading AIG to Hit Feds for Another $2 Billion

AIG to Hit Feds for Another $2 Billion originally appeared on BloggingStocks on Wed, 17 Mar 2010 10:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>AIGamerican international groupfeaturedinsuranceinthenewsnmrNomuraRating agenciestarpTreasuryWed, 17 Mar 2010 10:20:00 EST<![CDATA[Hartford to Repay TARP Cash]]>http://www.bloggingstocks.com/2010/03/17/hartford-to-repay-tarp-cash/http://www.bloggingstocks.com/2010/03/17/hartford-to-repay-tarp-cash/http://www.bloggingstocks.com/2010/03/17/hartford-to-repay-tarp-cash/#commentsFiled under: , ,

Hartford Financial Services Group (HIG) is getting ready to repay its $3.4 billion in TARP money to the feds. The insurance company is using money raised from debt and equity offerings to settle its score with the American taxpayer.

Hartford is going to issue $1.45 billion in common stock and $500 million in mandatory convertible preferred stock presented by depository shares. The debt offering will entail senior notes of $425 million. Hartford will pre-fund the repurchase of senior debt that matures in 2010 and 2011 with the issuance of an additional $675 million in senior notes.

Continue reading Hartford to Repay TARP Cash

Hartford to Repay TARP Cash originally appeared on BloggingStocks on Wed, 17 Mar 2010 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredhiginsuranceinthenewstarptarp fundsTARP repaymentWed, 17 Mar 2010 09:30:00 EST<![CDATA[Comerica Selling Stock to Repay TARP Debt]]>http://www.bloggingstocks.com/2010/03/09/comerica-selling-stock-to-repay-tarp-debt/http://www.bloggingstocks.com/2010/03/09/comerica-selling-stock-to-repay-tarp-debt/http://www.bloggingstocks.com/2010/03/09/comerica-selling-stock-to-repay-tarp-debt/#commentsFiled under: , , , ,

Regional banking issue Comerica (CMA) is in focus today, after announcing last night that it will sell $800 million in common stock in order to repay its debt to the U.S. government. Under the terms of the Troubled Asset Relief Program (TARP). Comerica owes Uncle Sam about $2.25 billion. At this point, the Dallas-based bank is among the few remaining financial institutions yet to repay its TARP debt.

This morning, Comerica priced its common stock offering at $35 per share, representing a discount to Monday's close at $36.29. The shares have quickly backpedaled as a result, slipping below recent support at their 10-day and 20-day moving averages.

Continue reading Comerica Selling Stock to Repay TARP Debt

Comerica Selling Stock to Repay TARP Debt originally appeared on BloggingStocks on Tue, 09 Mar 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CMAComericadowngradefeaturedinvestor sentimentInvestorSentimentoptionsstock offeringStockOfferingTARPtechnical analysisTechnicalAnalysisTroubled Asset Relief ProgramTroubledAssetReliefProgramTue, 09 Mar 2010 10:30:00 EST<![CDATA[Has Elkhart, Indiana Come to Symbolize Federal Housing Failure?]]>http://www.bloggingstocks.com/2010/02/15/has-elkhart-indiana-come-to-symbolize-federal-housing-failure/http://www.bloggingstocks.com/2010/02/15/has-elkhart-indiana-come-to-symbolize-federal-housing-failure/http://www.bloggingstocks.com/2010/02/15/has-elkhart-indiana-come-to-symbolize-federal-housing-failure/#commentsFiled under:

Elkhart, Indiana; a favorite stomping ground of President Obama - where the government's economic stimulus plan was to be on full display, helping the town rise like a phoenix from the ashes. According to this New York Times article, Elkhart has gained jobs in the past nine months, but the federal support for housing is failing. More than one in 10 mortgages in Elkhart is "seriously behind" on payments and the median sale price of homes is back to where it was 10 years ago. One of the main goals of the federal support program was to keep prices from falling and mortgage delinquencies from rising, and how is that working out? Elkhart residents note that the only reason their real estate market works at all is because of the emergency federal funding. In fact, in the past 18 months, the FHA upped loans in Elkhart by 40% while defaults increased 174% --- not a good ratio.

Continue reading Has Elkhart, Indiana Come to Symbolize Federal Housing Failure?

Has Elkhart, Indiana Come to Symbolize Federal Housing Failure? originally appeared on BloggingStocks on Mon, 15 Feb 2010 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>elkhartfederal housing administrationFederalHousingAdministrationgovernmenthousing bubbleHousingBubbleindianaobamatarpMon, 15 Feb 2010 15:40:00 EST<![CDATA[The Volcker Rule: You Can't Stay a Bank and Do Proprietary Trading]]>http://www.bloggingstocks.com/2010/02/12/the-volcker-rule-you-cant-stay-a-bank-and-do-proprietary-tradi/http://www.bloggingstocks.com/2010/02/12/the-volcker-rule-you-cant-stay-a-bank-and-do-proprietary-tradi/http://www.bloggingstocks.com/2010/02/12/the-volcker-rule-you-cant-stay-a-bank-and-do-proprietary-tradi/#commentsFiled under: , , , ,

Paul Volcker was chairman of the Federal Reserve during the 1970s and 1980s when OPEC raised the price of oil from about $2.50 per barrel to $30.00 per barrel overnight. Since oil is integral to all parts of our economy, we saw the worst inflation ever. Volcker had to raise interest rates to near 20% to break the back of the inflation. He is no shrinking violet.

Now, again, he is center stage. His latest proposal, called the "Volcker Rule," calls for banks that do proprietary trading to give up their banking status. Goldman Sachs (GS) and other financial institutions acquired bank status during the financial crisis. One condition for receiving TARP money was that institutions had to be a bank. The Treasury department allowed them to become banks, and they did receive TARP money.

Continue reading The Volcker Rule: You Can't Stay a Bank and Do Proprietary Trading

The Volcker Rule: You Can't Stay a Bank and Do Proprietary Trading originally appeared on BloggingStocks on Fri, 12 Feb 2010 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFederal ReserveGoldman SachsGSinthenewsOPECPaul VolckerTARPVolcker RuleFri, 12 Feb 2010 12:20:00 EST<![CDATA[Bernanke to Tighten What Obama Wants Loose]]>http://www.bloggingstocks.com/2010/02/11/bernanke-to-tighten-what-obama-wants-loose/http://www.bloggingstocks.com/2010/02/11/bernanke-to-tighten-what-obama-wants-loose/http://www.bloggingstocks.com/2010/02/11/bernanke-to-tighten-what-obama-wants-loose/#commentsFiled under: , ,

Have you heard the news? Federal Reserve Chairman Ben Bernanke is so deliriously happy about the way economic recovery is progressing that he's already making plans to chill the entire party. That's right, the Fed Chairman is already getting all shaky and whiny about inflation. Who could blame him? It's what he does best.

Now here's the rub: Ben Bernanke is plotting his quicksand parade stopper at the very same time that President Obama is calling for sweeping efforts to break loose credit markets for small business expansion and for employers to hire more workers.

Continue reading Bernanke to Tighten What Obama Wants Loose

Bernanke to Tighten What Obama Wants Loose originally appeared on BloggingStocks on Thu, 11 Feb 2010 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ben bernankeexit strategyFederal ReserveinflationPresident ObamaTARPThu, 11 Feb 2010 12:50:00 EST<![CDATA[Dimon and Botin Plotted to Take Over Failed Banks Before the Financial Crisis]]>http://www.bloggingstocks.com/2010/02/07/dimon-and-botin-plotted-to-take-over-failed-banks-before-the-fin/http://www.bloggingstocks.com/2010/02/07/dimon-and-botin-plotted-to-take-over-failed-banks-before-the-fin/http://www.bloggingstocks.com/2010/02/07/dimon-and-botin-plotted-to-take-over-failed-banks-before-the-fin/#commentsFiled under: , ,

Jamie Dimon, CEO of JPMorgan Chase (JPM), and Emilio Botin, Chairman of Banco Santander (STD) of Madrid, exchanged emails on how best to collaborate in the event of forthcoming bank failures. But the key here is that the exchange happened in June of 2008.

Afterward, Dimon and Botin met to discuss bidding on failing U.S. banks. Keep in mind that this was before the financial crisis gathered steam in fall of 2009. And keep in mind that this was before the TARP monies were provided to the big banks. This was before the collapse of Lehman Brothers, Washington Mutual (which JPMorgan bought), Merrill Lynch, Bear Stearns and so on.

Continue reading Dimon and Botin Plotted to Take Over Failed Banks Before the Financial Crisis

Dimon and Botin Plotted to Take Over Failed Banks Before the Financial Crisis originally appeared on BloggingStocks on Sun, 07 Feb 2010 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Banco SantanderEmilio BotininthenewsJamie DimonSTDTARPSun, 07 Feb 2010 14:40:00 EST<![CDATA[Obama Administration Proposes $30 Billion to Community Banks]]>http://www.bloggingstocks.com/2010/02/02/obama-administration-proposes-30-billion-to-community-banks/http://www.bloggingstocks.com/2010/02/02/obama-administration-proposes-30-billion-to-community-banks/http://www.bloggingstocks.com/2010/02/02/obama-administration-proposes-30-billion-to-community-banks/#commentsFiled under: , , ,

The Obama administration has a full-press program underway to reduce unemployment. One of their proposals is to provide $30 billion to community banks to spur lending to small businesses. The money would be transferred from TARP.

The big banks have been reluctant to lend to small businesses, instead preferring to use their money for in-house trading. This proposal from the Obama administration is viewed as an end-run around big banks.

Continue reading Obama Administration Proposes $30 Billion to Community Banks

Obama Administration Proposes $30 Billion to Community Banks originally appeared on BloggingStocks on Tue, 02 Feb 2010 12:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>community banksinthenewsObamaTARPTue, 02 Feb 2010 12:40:00 EST<![CDATA[Wells Fargo Earnings Preview: Penny per Share Q4 Loss Forecast]]>http://www.bloggingstocks.com/2010/01/19/wells-fargo-earnings-preview-penny-per-share-q4-loss-forecast/http://www.bloggingstocks.com/2010/01/19/wells-fargo-earnings-preview-penny-per-share-q4-loss-forecast/http://www.bloggingstocks.com/2010/01/19/wells-fargo-earnings-preview-penny-per-share-q4-loss-forecast/#commentsFiled under: , ,

San Francisco-based financial services provider Wells Fargo & Company (WFC), which claims $1.2 trillion in assets, is scheduled to discuss its fourth-quarter 2009 financial results in a conference call Wednesday, Jan. 20, at 10:30 AM (ET). A live webcast of the call will be available at the company's website.

During the three months that ended in December, Wells Fargo reported its third consecutive quarter of record earnings, completed its TARP repayment and declared a quarterly dividend. But analysts surveyed by Thomson Reuters are looking for Wells Fargo to have shrunk its loss to $0.01 per share from a year-ago loss of $0.79 per share. Fourth-quarter revenue is expected to have grown 123.6% from a year ago to $21.9 billion.

Continue reading Wells Fargo Earnings Preview: Penny per Share Q4 Loss Forecast

Wells Fargo Earnings Preview: Penny per Share Q4 Loss Forecast originally appeared on BloggingStocks on Tue, 19 Jan 2010 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACBank of AmericaCitigroupearningsTARPWells FargoWFCTue, 19 Jan 2010 17:20:00 EST<![CDATA[Why Not Target General Motors and Chrysler with Bailout Tax?]]>http://www.bloggingstocks.com/2010/01/14/why-not-target-general-motors-and-chrysler-with-bailout-tax/http://www.bloggingstocks.com/2010/01/14/why-not-target-general-motors-and-chrysler-with-bailout-tax/http://www.bloggingstocks.com/2010/01/14/why-not-target-general-motors-and-chrysler-with-bailout-tax/#commentsFiled under: , ,

The Obama administration is announcing plans to impose a "financial crisis responsibility fee" on large banks that received TARP money.

The tax will seek to raise $90 billion to cover expected losses on TARP, and will be levied only on large institutions: about 50 companies will have to pay it.

Continue reading Why Not Target General Motors and Chrysler with Bailout Tax?

Why Not Target General Motors and Chrysler with Bailout Tax? originally appeared on BloggingStocks on Thu, 14 Jan 2010 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAmerican International Groupbailout taxBen WallaceChryslerfeaturedGeneral MotorsGMinthenewsTARPThu, 14 Jan 2010 13:30:00 EST<![CDATA[Will President Obama's Proposed Bank Tax Do Anything?]]>http://www.bloggingstocks.com/2010/01/14/will-president-obamas-proposed-bank-tax-do-anything/http://www.bloggingstocks.com/2010/01/14/will-president-obamas-proposed-bank-tax-do-anything/http://www.bloggingstocks.com/2010/01/14/will-president-obamas-proposed-bank-tax-do-anything/#commentsFiled under: ,

The Wall Street Journal is reporting that President Obama will propose a tax on large banks and other companies based on their exposure to risk. This new tax will be called a "financial crisis responsibility fee" and will require 50 banks, insurance companies, and large broker-dealers to pay the federal government roughly $90 billion over the next 10 years.

According to the report, roughly 35 of the 50 impacted firms will be U.S. based, while the remaining will be U.S. subsidiaries of foreign financial firms. Other large firms that benefited from debt guarantees will also be included, even banks that have repaid their TARP bailout money.

Continue reading Will President Obama's Proposed Bank Tax Do Anything?

Will President Obama's Proposed Bank Tax Do Anything? originally appeared on BloggingStocks on Thu, 14 Jan 2010 09:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banksfinancial crisisfinancial meltdowninthenewsTARPThu, 14 Jan 2010 09:20:00 EST<![CDATA[Fed Profit Tops $50 Billion]]>http://www.bloggingstocks.com/2010/01/13/fed-profit-tops-50-billion/http://www.bloggingstocks.com/2010/01/13/fed-profit-tops-50-billion/http://www.bloggingstocks.com/2010/01/13/fed-profit-tops-50-billion/#commentsFiled under: , , , ,

The Federal Reserve picked up a $52.1 billion profit last year, a record for the organization. The result is due largely to its 2009 bailout efforts. Of the profit generated, $46.1 billion will be handed over to the Treasury Department -- the largest profit payment made since records began back in 1914. The previous record was $34.6 billion, in 2007. Last year, the Fed turned $31.7 billion over to the Treasury Department.

According to the Associated Press, the profit didn't come from the $700 billion lent to financial institutions -- and then to auto companies like General Motors. Rather, it was the result of earnings from the securities it had in its portfolio last year. Several investment programs were launched last year to help kickstart the U.S. economy and drive down rates on mortgages and consumer debt. Through the programs, the Fed bought $300 billion in government debt, and under another, it's on a trajectory to buy $1.25 trillion in Freddie Mac and Fannie Mae mortgage securities.

Continue reading Fed Profit Tops $50 Billion

Fed Profit Tops $50 Billion originally appeared on BloggingStocks on Wed, 13 Jan 2010 12:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>AIGamerican international groupBear StearnsDepartment of the Treasuryfannie maefeaturedfnmfrefreddie macgeneral motorsinthenewsjpmmortgage backed securitiesmortgagestarpTreasuryWed, 13 Jan 2010 12:00:00 EST<![CDATA[Pay Limits Cost AIG a 'Top Executive']]>http://www.bloggingstocks.com/2009/12/31/pay-limits-cost-aig-a-top-executive/http://www.bloggingstocks.com/2009/12/31/pay-limits-cost-aig-a-top-executive/http://www.bloggingstocks.com/2009/12/31/pay-limits-cost-aig-a-top-executive/#commentsFiled under: ,

Let's chalk up one of the first casualties to the salary limits imposed by the government. American International Group's (AIG) vice chairwoman for legal, human resources, corporate affairs and corporate communications, Anastasia Kelly resigned Wednesday for "good reason."

And what was that good reason? It sure seems that it's the pay restrictions levied by Kenneth R. Feinberg, the pay czar assigned by the Obama administration to monitor pay at companies that received taxpayer bailouts. At AIG, the 26th through the 100th highest-paid employees (along with the other firms) have had their cash salaries limited to $500,000.

Continue reading Pay Limits Cost AIG a 'Top Executive'

Pay Limits Cost AIG a 'Top Executive' originally appeared on BloggingStocks on Thu, 31 Dec 2009 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGamerican international groupAnastasia Kellyfeaturedgovernment bailoutinthenewsresignationTARPThu, 31 Dec 2009 10:40:00 EST<![CDATA[Closing Bell: The Dollar and Overseas Markets Weigh on U.S. (C, HOV, NEM, RIMM, SQNM, GS, FUN)]]>http://www.bloggingstocks.com/2009/12/17/closing-bell-the-dollar-and-overseas-weigh-on-us-c-hov-nem/http://www.bloggingstocks.com/2009/12/17/closing-bell-the-dollar-and-overseas-weigh-on-us-c-hov-nem/http://www.bloggingstocks.com/2009/12/17/closing-bell-the-dollar-and-overseas-weigh-on-us-c-hov-nem/#commentsFiled under: , , , ,

Jobless claims ticked back up yet again, and the global stock markets were all weak ahead of the opening bell in New York this morning. Throw in a stronger dollar and weak commodity prices, and you had almost no real chance for a sizable recovery into positive territory when you consider that the DJIA and S&P 500 are so close to 2009 highs.

Here were today's unofficial closing bell levels:

Dow 10,308.26 -132.86 (-1.27%)
S&P 500 1,096.12 -13.06 (-1.18%)
Nasdaq 2,180.05 -26.86 (-1.22%)

Top Analyst Upgrades/Downgrades
Top Day Trader Stocks

Continue reading Closing Bell: The Dollar and Overseas Markets Weigh on U.S. (C, HOV, NEM, RIMM, SQNM, GS, FUN)

Closing Bell: The Dollar and Overseas Markets Weigh on U.S. (C, HOV, NEM, RIMM, SQNM, GS, FUN) originally appeared on BloggingStocks on Thu, 17 Dec 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CFUNGSHOVhovnanianNEMRIMMSQNMtarpThu, 17 Dec 2009 16:00:00 EST<![CDATA[Citigroup Drops Thanks to Low Price for Secondary Share Offering]]>http://www.bloggingstocks.com/2009/12/17/citigroup-drops-thanks-to-low-price-for-secondary-share-offering/http://www.bloggingstocks.com/2009/12/17/citigroup-drops-thanks-to-low-price-for-secondary-share-offering/http://www.bloggingstocks.com/2009/12/17/citigroup-drops-thanks-to-low-price-for-secondary-share-offering/#commentsFiled under:

It's shaping up to be a rough day for Citigroup (C). Shares dropped 8% in early trading thanks to some rather angry investors. Late Wednesday, the Treasury Department decided to back off a plan to sell some of its shares in Citi.

Citi sold 5.4 billion new common shares at $3.15, which brought in roughly $17 billion. Citi also sold 35 million tangible equity units at $100 each, which brought in roughly $3.5 billion. The money is earmarked for repayment of $20 billion issued through TARP, which would lead to Citi not being considered a benefactor of "exceptional financial assistance" from TARP.

Continue reading Citigroup Drops Thanks to Low Price for Secondary Share Offering

Citigroup Drops Thanks to Low Price for Secondary Share Offering originally appeared on BloggingStocks on Thu, 17 Dec 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CCitigroupfeaturedgovernment bailoutinthenewsTARPtarp repaymentThu, 17 Dec 2009 11:00:00 EST<![CDATA[Closing bell: a lot of news and nothing to show for it (XOM, XTO, C)]]>http://www.bloggingstocks.com/2009/12/14/closing-bell-a-lot-of-news-and-nothing-to-show-for-it-xom-xto/http://www.bloggingstocks.com/2009/12/14/closing-bell-a-lot-of-news-and-nothing-to-show-for-it-xom-xto/http://www.bloggingstocks.com/2009/12/14/closing-bell-a-lot-of-news-and-nothing-to-show-for-it-xom-xto/#commentsFiled under: , , , , ,

The markets were slightly up most of the day, but traders seemed to be unsurprised by big news from Dubai and Citi. Many of the "most actives" only moved up or down a percentage point or two. It was not a day in which the market showed any conviction which was surprising given the number of potential catalysts early in the day.

The numbers:

Dow 10,501.43 +29.93 (0.29%)
S&P 500 1,114.10 +7.69 (0.70%)
Nasdaq 2,212.10 +21.79 (0.99%)

Continue reading Closing bell: a lot of news and nothing to show for it (XOM, XTO, C)

Closing bell: a lot of news and nothing to show for it (XOM, XTO, C) originally appeared on BloggingStocks on Mon, 14 Dec 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>abu dhabiAbuDhabibankersCdubaismall businessSmallBusinessSWNtarpXOMXTOMon, 14 Dec 2009 16:00:00 EST<![CDATA[Dog of the Dow #3: Bank of America (BAC)]]>http://www.bloggingstocks.com/2009/12/12/dog-of-the-dow-3-bank-of-america-bac/http://www.bloggingstocks.com/2009/12/12/dog-of-the-dow-3-bank-of-america-bac/http://www.bloggingstocks.com/2009/12/12/dog-of-the-dow-3-bank-of-america-bac/#commentsFiled under: ,

Since the financial crisis, Bank of America (BAC) has received $20 billion in TARP funds and a guarantee to cover $118 billion in potential losses.

The result? Bank of America lost more than $2 billion in the third quarter, worse than analysts expected, and had to set aside more than $11 billion more to offset bad loans.

Next: Dog of the Dow #4: Boeing (BA)

Dog of the Dow #3: Bank of America (BAC) originally appeared on BloggingStocks on Sat, 12 Dec 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacbank of americadow stockslouis navellierstocks to sellTARPSat, 12 Dec 2009 12:00:00 EST<![CDATA[Goldman Sachs to pay $20 billion bonuses in stock, not cash]]>http://www.bloggingstocks.com/2009/12/11/goldman-sachs-to-pay-20-billion-in-stock-mostly-bonuses/http://www.bloggingstocks.com/2009/12/11/goldman-sachs-to-pay-20-billion-in-stock-mostly-bonuses/http://www.bloggingstocks.com/2009/12/11/goldman-sachs-to-pay-20-billion-in-stock-mostly-bonuses/#commentsFiled under: , , ,

Maybe Goldman Sachs (GS) does care what outsiders think about it. The company has come under plenty of fire this year for its post-financial crisis bonus payments, especially after having accepted TARP money from the government. In order to keep the world off its back, the bank is going to pay managers their annual bonuses in stock this year instead of cash.

And the stock issued will have to be held for five years. So, recipients will have a long-term stake in the company. But it seems they're being compensated for that, too as GS is spending a total of over $20 billion in compensation.

Continue reading Goldman Sachs to pay $20 billion bonuses in stock, not cash

Goldman Sachs to pay $20 billion bonuses in stock, not cash originally appeared on BloggingStocks on Fri, 11 Dec 2009 09:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bonusBrookings InstitutionfeaturedGoldman Sachsinthenewsjp morgan chaseJPMRestricted StocktarpTARP repaymentTroubled Asset Relief ProgramFri, 11 Dec 2009 09:40:00 EST<![CDATA[Cramer on BloggingStocks: Buy Citi on the deal ]]>http://www.bloggingstocks.com/2009/12/10/cramer-on-bloggingstocks-buy-citi-on-the-deal/http://www.bloggingstocks.com/2009/12/10/cramer-on-bloggingstocks-buy-citi-on-the-deal/http://www.bloggingstocks.com/2009/12/10/cramer-on-bloggingstocks-buy-citi-on-the-deal/#commentsFiled under: , , , ,

TheStreet.com's Jim Cramer says this one'll make you a bundle by 2012.

Buy Citigroup (C) (Cramer's Take). No, not in the open market, but on the deal or deals, depending upon how heavy-handed the government's going to be.

I initially recommended this stock in the low $3s and saw it go to $5, where I begged the government nightly on my show to sell its 7 billion shares. But no, the government played the market and gave up a very big gain. But now here we are back again at $3 and change, and the government is going to price its stock, and the company might do an additional 6 billion shares or more to pay back TARP.

So you are looking at about 14 billion shares hitting the market.

Continue reading Cramer on BloggingStocks: Buy Citi on the deal

Cramer on BloggingStocks: Buy Citi on the deal originally appeared on BloggingStocks on Thu, 10 Dec 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cffeaturedjim cramerJimCramertarpwfcThu, 10 Dec 2009 10:00:00 EST