$1.63 -0.83 (33.74%) 52Wk Range: 0.59 - 4.50
Wednesday, April 29, 2009
Saturday, April 25, 2009
Friday, April 24, 2009
Thursday, April 23, 2009
Citibank Upgrade and Downgrade
20-Apr-09 Argus Downgrade from Hold to Sell Last Trade: 3.20 April-23-2009
http://finance.yahoo.com/q/ud?s=C
http://finance.yahoo.com/q/ud?s=C
Tuesday, April 21, 2009
C Citigroup Inc NYSE Stock Chart April-21 2009
$3.24 Change: +0.30 Open: 2.70 High: 3.28 Low: 2.61 Volume: 709,913,300
Percent Change: +10.20%
Citigroup Inc C Stock Chart April-21 2009
$3.24 Change: +0.30 Open: 2.70 High: 3.28 Low: 2.61 Volume:Percent Change: +10.20%
Friday, April 17, 2009
AXP American Express Co Six-Months Chart
DJ US Consumer Finance Index
Last: 21.81 Change: +1.12 Percent Change: +5.41% Yield:
3.30%
Last: 21.81 Change: +1.12 Percent Change: +5.41% Yield:
3.30%
HBAN Huntington Bancshares Inc Stock Chart April-17 2009
DJ US Banks Index
$3.89 Change: +0.58 Open: 3.40 High: 4.00 Low: 3.22 Volume: 43,812,114
Percent Change: +17.52% 52 Week Range: 1.00 to 13.50
$3.89 Change: +0.58 Open: 3.40 High: 4.00 Low: 3.22 Volume: 43,812,114
Percent Change: +17.52% 52 Week Range: 1.00 to 13.50
Thursday, April 16, 2009
C Citigroup Inc (NYSE) C Chart Open $4.19 Close $4.01
4.01 Change: $+0.04 Open: 4.19 High: 4.2001 Low: 3.97 Percent Change: +1.01%
Wednesday, April 15, 2009
Monday, April 13, 2009
Sunday, April 12, 2009
The Financial Stocks Rise April-09 2009
Symbol Name Last Trade Change
BAC BK OF AMERICA CP 9.55 Apr 9 2.49 (35.27%)
C CITIGROUP INC 3.04 Apr 9 0.34 (12.59%)
WFC WELLS FARGO & CO NEW 19.61 Apr 9 4.72 (31.70%)
FAS FINANCIAL BULL 3X 8.71 Apr 9 2.52 (40.71%)
XLF FINANCIAL SEL SPDR 10.63 Apr 9 1.43 (15.54%)
SPY S&P DEP RECEIPTS 85.81 Apr 9 3.28 (3.97%)
UYG ULTRA FINANCIALS PRO 3.48 Apr 9 0.67 (23.84%)
FAZ FINANCIAL BEAR 3X 10.49 Apr 9 7.35 (41.20%)
JPM JP MORGAN CHASE CO 32.75 Apr 9 5.32 (19.39%)
AIG AMER INTL GROUP INC 1.16 Apr 9 0.08 (7.41%)
IYR ISHARE DJ R EST INX 30.48 Apr 9 3.25 (11.94%)
FITB Fifth Third Bancorp 3.58 Apr 9 0.94 (35.61%)
USB US BANCORP 17.64 Apr 9 3.28 (22.84%)
MS MORGAN STANLEY 25.35 Apr 9 2.66 (11.72%)
QQQQ PowerShares Exchange-Traded Fun 32.94 Apr 9 0.99 (3.10%)
IWM ISHARE RUS 2000 INDX 46.64 Apr 9 2.58 (5.86%)
BAC BK OF AMERICA CP 9.55 Apr 9 2.49 (35.27%)
C CITIGROUP INC 3.04 Apr 9 0.34 (12.59%)
WFC WELLS FARGO & CO NEW 19.61 Apr 9 4.72 (31.70%)
FAS FINANCIAL BULL 3X 8.71 Apr 9 2.52 (40.71%)
XLF FINANCIAL SEL SPDR 10.63 Apr 9 1.43 (15.54%)
SPY S&P DEP RECEIPTS 85.81 Apr 9 3.28 (3.97%)
UYG ULTRA FINANCIALS PRO 3.48 Apr 9 0.67 (23.84%)
FAZ FINANCIAL BEAR 3X 10.49 Apr 9 7.35 (41.20%)
JPM JP MORGAN CHASE CO 32.75 Apr 9 5.32 (19.39%)
AIG AMER INTL GROUP INC 1.16 Apr 9 0.08 (7.41%)
IYR ISHARE DJ R EST INX 30.48 Apr 9 3.25 (11.94%)
FITB Fifth Third Bancorp 3.58 Apr 9 0.94 (35.61%)
USB US BANCORP 17.64 Apr 9 3.28 (22.84%)
MS MORGAN STANLEY 25.35 Apr 9 2.66 (11.72%)
QQQQ PowerShares Exchange-Traded Fun 32.94 Apr 9 0.99 (3.10%)
IWM ISHARE RUS 2000 INDX 46.64 Apr 9 2.58 (5.86%)
Friday, April 10, 2009
Thursday, April 9, 2009
Bank of America Day Chart April-09 2009 "A+"
Bank of America
$9.55 +2.49 (35.27%) 52 Wks Range: 2.52 - 38.51
"A" Above previous day close all session
Banks and Finacial Institutions April-09 2009
Gainers
Banks: Fifth Third Bancorp (FITB) gained nearly 36%,
Capital One Financial (COF) jumped more than 26%
and Dow component Bank of America (BAC) added more than 35%.
Barclays (BCS) shares rose more than 16%.
The U.K. bank said it will sell its iShares exchange-traded fund business to private-equity group CVC Capital Partners for $4.4 billion.
Other gainers
WFC
CIT
FITB
COF
WBK 74.59 +3.60 (+5.07%) 14,243
BBV 10.26 +1.10 (+12.01%) 616,374
BCS 10.90 +1.53 (+16.33%) 5,339,181
TD 37.97 +2.09 (+5.82%) 1,931,074
BNS 26.47 +1.48 (+5.92%) 897,991
LYG 4.79 +0.55 (+12.97%) 989,820
MTU 5.24 +0.30 (+6.07%) 4,295,940
USB 17.64 +3.28 (+22.84%) 57,376,933
C 3.04 +0.34 (+12.59%) 543,396,778
Regional Banks
PNC 38.48 +6.50 (+20.33%) 16,853,308
WFC 19.61 +4.72 (+31.70%) 376,191,337
HBC 35.02 +2.92 (+9.10%) 4,464,198
BBT 20.31 +3.61 (+21.62%) 21,907,178
BMO 29.41 +1.88 (+6.83%) 1,026,391
CM 40.89 +2.72 (+7.13%) 574,841
Banks: Fifth Third Bancorp (FITB) gained nearly 36%,
Capital One Financial (COF) jumped more than 26%
and Dow component Bank of America (BAC) added more than 35%.
Barclays (BCS) shares rose more than 16%.
The U.K. bank said it will sell its iShares exchange-traded fund business to private-equity group CVC Capital Partners for $4.4 billion.
Other gainers
WFC
CIT
FITB
COF
WBK 74.59 +3.60 (+5.07%) 14,243
BBV 10.26 +1.10 (+12.01%) 616,374
BCS 10.90 +1.53 (+16.33%) 5,339,181
TD 37.97 +2.09 (+5.82%) 1,931,074
BNS 26.47 +1.48 (+5.92%) 897,991
LYG 4.79 +0.55 (+12.97%) 989,820
MTU 5.24 +0.30 (+6.07%) 4,295,940
USB 17.64 +3.28 (+22.84%) 57,376,933
C 3.04 +0.34 (+12.59%) 543,396,778
Regional Banks
PNC 38.48 +6.50 (+20.33%) 16,853,308
WFC 19.61 +4.72 (+31.70%) 376,191,337
HBC 35.02 +2.92 (+9.10%) 4,464,198
BBT 20.31 +3.61 (+21.62%) 21,907,178
BMO 29.41 +1.88 (+6.83%) 1,026,391
CM 40.89 +2.72 (+7.13%) 574,841
Tuesday, April 7, 2009
AMER INTL GROUP AIG Stock Chart April-07 2009
$1.05 -0.05 (4.55%) 52 Wks Range: 0.33 - 48.73
http://www.clickcharts.com/Default.aspx
Saturday, April 4, 2009
FASB Decides to ease Mark-to-Market Accounting Standards
The changes could help banks avoid more write-downs on troubled mortgage-backed bonds.
Under intense pressure from Congress, accounting rule makers on Thursday voted to give banks more discretion in valuing dicey assets.
The changes to so-called mark-to-market accounting standards could help banks avoid more write-downs on troubled mortgage-backed bonds. Banks also could decide to boost the value of those assets on their balance sheets, which could bolster their finances -- allaying concerns about the need to raise more capital.upport for acquisition accounting including SOP 03-3, FAS 91, FAS 114
Critics say the changes raise the risk that banks will cook their books, understating what they could lose on mortgage bonds and other securities.
In a series of votes, the Financial Accounting Standards Board said banks would, in effect, now have more leeway in deciding that the market value of certain depressed securities was incorrect, allowing the banks to set a higher value on the investments.
The perceived market value of those securities has been severely depressed, in part by ballooning defaults on the underlying mortgages but also because investors have simply shied away from trading the securities, making them difficult to price.
Banks have asserted that many of the securities will pay decent returns in time, and that it was misleading to carry them on the books at prices they would fetch in desperation market sales.
FASB said banks could base their accounting for assets on prices that would be received in "an orderly transaction," rather than at distressed prices. But the board also said banks couldn't completely ignore distressed market prices in their calculations.
Investor groups that opposed the changes, however, have warned of the potential for banks to be too sunny in setting asset values.
They also said Congress' pressure on FASB set a dangerous precedent.
The Investors' Working Group, a panel of experts sponsored by the Council of Institutional Investors, said the political heat on FASB was "unacceptable and very troubling."
But some banks sought to dispel the idea that they would immediately mark up depressed assets.
Citigroup Inc. said the FASB decision "will have no impact" on the bank's financial statements "or our existing practices for determining fair value." Bank of America Corp. chief Ken Lewis told CNBC that any boost to earnings from the shift would be a matter of pennies per share.
Still, some analysts said major banks were certain to benefit from having more discretion in valuing troubled securities.
"It may not have an [immediate] effect on earnings, but it certainly will on capital levels," said Robert Willens, who heads tax advisory firm Robert Willens LLC in New York.
Others, however, said investors would recognize if banks were suddenly overly optimistic about valuing certain assets, and would assess the companies' earnings and balance sheets more critically.
www.QuickBooks.intuit.com
www.primaticsfinancial.com
http://www.latimes.com/business/la-fi-fasb3-2009apr03,0,1735921.story
Under intense pressure from Congress, accounting rule makers on Thursday voted to give banks more discretion in valuing dicey assets.
The changes to so-called mark-to-market accounting standards could help banks avoid more write-downs on troubled mortgage-backed bonds. Banks also could decide to boost the value of those assets on their balance sheets, which could bolster their finances -- allaying concerns about the need to raise more capital.upport for acquisition accounting including SOP 03-3, FAS 91, FAS 114
Critics say the changes raise the risk that banks will cook their books, understating what they could lose on mortgage bonds and other securities.
In a series of votes, the Financial Accounting Standards Board said banks would, in effect, now have more leeway in deciding that the market value of certain depressed securities was incorrect, allowing the banks to set a higher value on the investments.
The perceived market value of those securities has been severely depressed, in part by ballooning defaults on the underlying mortgages but also because investors have simply shied away from trading the securities, making them difficult to price.
Banks have asserted that many of the securities will pay decent returns in time, and that it was misleading to carry them on the books at prices they would fetch in desperation market sales.
FASB said banks could base their accounting for assets on prices that would be received in "an orderly transaction," rather than at distressed prices. But the board also said banks couldn't completely ignore distressed market prices in their calculations.
Investor groups that opposed the changes, however, have warned of the potential for banks to be too sunny in setting asset values.
They also said Congress' pressure on FASB set a dangerous precedent.
The Investors' Working Group, a panel of experts sponsored by the Council of Institutional Investors, said the political heat on FASB was "unacceptable and very troubling."
But some banks sought to dispel the idea that they would immediately mark up depressed assets.
Citigroup Inc. said the FASB decision "will have no impact" on the bank's financial statements "or our existing practices for determining fair value." Bank of America Corp. chief Ken Lewis told CNBC that any boost to earnings from the shift would be a matter of pennies per share.
Still, some analysts said major banks were certain to benefit from having more discretion in valuing troubled securities.
"It may not have an [immediate] effect on earnings, but it certainly will on capital levels," said Robert Willens, who heads tax advisory firm Robert Willens LLC in New York.
Others, however, said investors would recognize if banks were suddenly overly optimistic about valuing certain assets, and would assess the companies' earnings and balance sheets more critically.
www.QuickBooks.intuit.com
www.primaticsfinancial.com
http://www.latimes.com/business/la-fi-fasb3-2009apr03,0,1735921.story
Friday, April 3, 2009
One Week Best Performing Bank Stocks April-02 2009
Best Performing Stocks
PSBG Psb Group Inc 122.66% $ 2.85 0.35 14%
UWHR Unwharrie Cap Corp 84.21% $ 3.50 unch
WBPRN W Hldg Co Inc 78.57% $2 unch unch
CBON Community Bancorp Nev 78.32% $ 2.55 0.80 45.71%
DEAR Dearborn Bancorp Inc 50.57% 0.36 15.72%
FSRL First Reliance Bancshares... 42.86%
SSBXQ Silver State Bancorp 41.67%
PJE Preferred Plus Tr 38.52% $6.5799 0.9999 17.92%
WSFG Wsb Financial Group Inc 38.46% $0.36
http://www.marketwatch.com/tools/industry/focus.asp?bcind_ind=8300&bcind_sid=25&bcind_period=1wk
PSBG Psb Group Inc 122.66% $ 2.85 0.35 14%
UWHR Unwharrie Cap Corp 84.21% $ 3.50 unch
WBPRN W Hldg Co Inc 78.57% $2 unch unch
CBON Community Bancorp Nev 78.32% $ 2.55 0.80 45.71%
DEAR Dearborn Bancorp Inc 50.57% 0.36 15.72%
FSRL First Reliance Bancshares... 42.86%
SSBXQ Silver State Bancorp 41.67%
PJE Preferred Plus Tr 38.52% $6.5799 0.9999 17.92%
WSFG Wsb Financial Group Inc 38.46% $0.36
http://www.marketwatch.com/tools/industry/focus.asp?bcind_ind=8300&bcind_sid=25&bcind_period=1wk
DJ US Banks Index April-3 2009
Price: 140.09
http://www.marketwatch.com/tools/industry/focus.asp?bcind_ind=8300&bcind_sid=25&bcind_period=3mo
Thursday, April 2, 2009
Wednesday, April 1, 2009
AMER INTL GROUP Stock Chart April-01 2009
$1.04 +0.04 (4.00%) 52Wk Range: 0.33 - 48.73
http://www.clickcharts.com/Default.aspx?SID=PG
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