Tag:
Common stock
Latest Headlines
Latest Headlines
Bank of America capital efforts weigh on stock
Bank of America has once again tested its post-financial crisis lows, continuing its flirtation with penny stock status.
The stock has yet to break through the $5 a share support level, but no one would be all that surprised if it did. It's unclear what is motivating Mr. Market today. It may b
Bank of America exchange plans knocks stock
The news that Bank of America was planning to issue about 400 million common shares, which will be exchanged for preferred shares, did not go over all that well.
The stock tanked. CEO Brian Moynihan has consistently said that the bank did not need to issue common stock to meet its capital requ
A classic bull vs. bear battle for Bank of America
Bank of America has led the market as of late in terms of trading volume. Certainly, high-frequency traders are having a field day, as the stock looms as their next stock darling. But short-sellers have also been active. Some have covered at lower prices as of late, locking in a profit. But the ba
The myth of a falling stock price factors in Bank of America vs. blogs battle
You know a bank is on the defensive when it responds to a popular blogger in a manner that falls short of professionalism while nevertheless making some good points. Is this a sign that it has lost control of its press?
According to a recent Bank of America statement (as reported by the m
MUFG aims for long-term relationship with Morgan Stanley
Recall that Mitsubishi UFJ (MUFG) threw Morgan Stanley ( NYSE:MS ) a lifeline back in financial crisis when serious doubts were raised about the U.S. bank's future.
It took a sizable stake in preferred shares--which carried a hefty dividend of 10 percent. That proved to be rather expensive o
Citigroup to hike dividends, reverse split
There was a day when a reverse split signaled stock had been so battered that the only way to stay off the Pink Sheets was to reverse split massively. But when it comes to big banks that were bailed out by the federal government, a reverse split is much more of a positive indicator.
Under a pl
How much will taxpayers make on the Citigroup bailout?
For all of the angst over the bailout of big American financial institutions, several can claim they haven't cost taxpayers a dime. The Treasury has announced that, via Morgan Stanley, it will sell its remaining 2.4 billion shares in Citigroup, which it bailed out to the tune of $45 billion in 200
AIG, Treasury agree to exit plan
AIG ( NYSE: AIG ) and the Treasury Department have agreed to a plan to convert $49.1 billion in AIG preferred shares into a whopping 1.66 billion shares of AIG common stock, which the Treasury will then sell to the public. The plan also calls for repaying the New York Fed to remove it as a senio
Government backs off Citi share offering
Recall that as part of the plan for Citigroup ( C ) to cut its ties to the government, the Treasury Department was going to piggy-back the initial secondary offering. It hoped to sell perhaps $5 billion of its $25 billion in common stock, but the reaction to Citigroup's plan was so weak, and the
Citi to pay back TARP funds
The Bank of America ( BAC ) move to pay back its TARP obligations lit a fire under Citigroup ( C ) that has resulted in an agreement to also pay back its TARP loans--something many did not think would be possible just a few months ago. You can bet Wells Fargo ( WFC ) will be next. To pay bac
