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JPMorgan Chase & Co (NYSE:JPM)’s shares decline by 0.02%

Boston, MA 05/21/2013 (wallstreetpr) – Monday’s trading session saw JPMorgan Chase & Co (NYSE:JPM) down by 0.02%. It closed at a price of $52.29 which reached an intraday high of $52.63 before heading down to close at $51.91 per share. In excess of 22.02 million shares exchanged hands in Monday’s trading session, which was below […]

ABN Amro Group NV To Cut More Jobs

Boston, MA 05/20/2013 (wallstreetpr) – The fall in net income from 503 million euros in the previous year to 415 million euros for the present year had led the Amsterdam based ABN Amro Group NV to announce more job cuts. The profits had declined by 17 percent, the economic development is struggling and unemployment is […]

Bank of America Corp. (NYSE:BAC) improves its credit rating

Boston, MA 05/20/2013 (wallstreetpr) – The share prices of Bank of America Corp. (NYSE:BAC) surged by 0.93 percent and currently trading at $13.56. The bank holding company and the financial holding company had been trading in the range of $13.39 to $13.52 during the session. Bank of America Corp. (NYSE:BAC) had registered the highest price […]

Investors Capital Holdings Ltd (NYSEMKT:ICH)’s shares climb by 12.85%

Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw Investors Capital Holdings Ltd (NYSEMKT:ICH) climbing up by 12.85%. It opened at a price of $3.18 which reached an intraday high of $3.60 before heading down to close at $2.96 per share. In excess of 0.235 million shares exchanged hands in the previous trading session. This […]

Volume surges for National Bank of Greece (NYSE:NBG)

Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw National Bank of Greece (NYSE:NBG) climbing up by 19.50%. It opened at a price of $2.38 which reached an intraday high of $2.47 before heading down to close at $2.18 per share. In excess of 26.47 million shares exchanged hands in the previous trading session, which […]

Citigroup Inc (NYSE:C) settles dispute with Lehman brothers

The dispute that occurred over settlement of foreign exchange claims between Citigroup Inc. (NYSE:C) and Lehman Brothers Holdings Inc. had come to conclusion with the ruling from Federal court in Manhattan. The disputes are to be settled by grant of $1.2 billion to Citigroup Inc. (NYSE:C) against the defunct brokerage of Lehman Brothers Holdings Inc. […]

MBIA INC. (NYSE:MBI) To Get $1.6 Billion In Bank Of America Corp. (NYSE:BAC) Deal

Boston, MA 05/07/2013 (wallstreetpr) – The share prices of MBIA Inc. (NYSE:MBI) (Closed: $14.29, Up by 45.37%) surged as high as 57 percent to reach $15.45 which was recorded to be the highest intraday jump of the stock. This peak in share price of the company was a result of the Dow Jones Newswire report […]

Should you buy Bank of America Corporation (NYSE:BAC) and sell Goldman Sachs Group, Inc. (NYSE:GS)

People are highly hesitant in purchasing the stocks of financial entities, especially banks after the economic downturn. The collapse of several banks in the United States over the last 3-4 years have also discouraged investors to be cautious about buying stocks of banks. Still, the balance sheets of many banks have shown substantial improvement and […]

Cost cutting measures help Wells Fargo & Co (NYSE:WFC) to post record profits

Boston, MA 04/15/2013 (wallstreetpr) – The largest U.S home lender, Wells Fargo & Co (NYSE:WFC) (Closed: $37.21, Down by 0.80%) said that lowering its expenses had helped the company in posting record profits in its first quarter, despite the fact that there had been a drop in revenue and the lending margins had narrowed. According […]

Goldman Sachs Group, Inc (NYSE:GS)’ top executives compensation disparity

Boston, MA 04/15/2013 (wallstreetpr) – Goldman Sachs Group, Inc (NYSE:GS) (Closed: $149.12, Up by 0.03%) no longer offers Lloyd C. Blankfein’s top deputies equal-pay terms. The 52- year –old Gary Cohn received a compensation package of $19 million which was 12 percent higher than that which John S Weinberg and Michael Evans the Vice Chairmen […]

Bank of New York Mellon Corporation (NYSE:BK) backtracks as Chesapeake case heats up

Boston, MA 04/15/2013 (wallstreetpr) – The Bank of New York Mellon Corporation (NYSE:BK) (Closed: $28.45, Down by 0.70%) had argued that an extra interest of $400 million should be paid by Chesapeake Energy Corporation (NYSE:CHK) (Closed: $19.68, Down by 2.28%) to bondholders if it does not win the lawsuit that had been filed to redeem […]

ING Groep N.V (AMS:INGA)’s ING U.S switching name to VOYA- embarking on new voyage with IPO – MET, PRU

Boston, MA 04/12/2013 (wallstreetpr) – ING Groep N.V (AMS:INGA) (Current: $5.95, Down by 1.94%)’s American insurance unit, ING U.S Inc. is planning in going public. The company is distancing itself from its parent-company and the business will now be called Voya Financial. In November, ING U.S filed for an IPO and said that it will […]

EU Antitrust investigation into MasterCard Inc (NYSE:MA)’s card-fees structure

Boston, MA 04/10/2013 (wallstreetpr) – The European Union is investigating MasterCard Inc (NYSE:MA) (Closed: $527.64, down by 1.26%) over the bank fees that are charged by it for debit and credit card payments made by bank customers  who are based outside its 27-nation bloc. The competition watchdog in the EU, the European Commission said that […]

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