is busy trading, always.
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GOLD -$53.00
Figured you'd know a thing or two lol
GM Dav, give this a little read
http://tinyurl.com/7oqu34k
AAPL > $577, still pushing
GOLD -$51.00
FUTURES: DOW +1.00 / NASDAQ -2.50 / S&P -1.25
GOLD -$48.00 @ $1,646
Trade deficit $124B exp $115B
Import prices +0.4% exp +0.6%
AAPL > $576
This told the story for yesterday and today's action.
Same happened last time when ABX was dumped in the pre-M
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73196339
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73197479
Pushing AAPL in the pre-M on a daily basis to force a gap is getting ridiculous. Even if sells off stocks stays green. Come on...
APC upgraded to Buy from Hold at Stifel Nicolaus
APC price target raised to $140 from $128 at BofA/Merril
BAC $8.80 pre-M
AAPL ANOTHER gap up $575
UK unemployment at 8.4 pct
Euro countries formally approve new aid for Greece
GOLD -$42.00 @ $1,652
FUTURES: DOW +8.00 / NASDAQ -1.75 / S&P -0.25
GOOD MORNING
Curtains down, BBL SSS
C MET STI and Ally the 4 that failed out of 19.
American Express says Fed has no objections to company's Capital Plan
On January 9, American Express (AXP) submitted its Comprehensive Capital Plan to the Board of Governors of the Federal Reserve System. The CCP included an analysis of performance and capital availability under certain adverse economic assumptions, as well as a capital distribution plan outlining the company’s plans to return capital to shareholders through share repurchases of up to $4B during 2012 and up to $1B in the first quarter of 2013, as well as an increase in the company’s quarterly dividend to 20c per share from 18c per share, subject to approval of the company’s Board of Directors. On March 13, the company was informed that the Federal Reserve had no objections to the company’s capital distribution plan. The actual number of shares that will be repurchased will be based on the company’s business plans, financial performance and market conditions. As the company has previously disclosed, its objective is to return to shareholders, on average and over time, approximately 50% of the capital it generates, through a combination of dividends and the repurchase of the company’s common shares. To facilitate repurchases, the company may, from time to time, make purchases pursuant to one or more trading plans under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, which allows the company to repurchase common shares during periods when the company might otherwise be prevented from doing so under applicable law or because of self-imposed trading blackout periods.
Wells Fargo increases quarterly cash dividend
Fed says 15 of 19 banks pass stress test
Yesterday : lowest volume for the year, today this. Gotta love this sh*t lol.
BNY Mellon to move forward with Capital Plan; will repurchase $1.16B in common
BNY Mellon confirmed that the Federal Reserve did not object to its comprehensive capital analysis and review. The company's annual capital plan includes the repurchase of up to $1.16B of outstanding common stock and the continuation of its 13c per quarter dividend over the next 12 months. "We are pleased to be able to initiate this new stock repurchase program, which has been authorized by our Board of Directors," said Gerald L. Hassell, chairman, president and CEO. "Our fee-based business model generates a significant level of excess capital, which allows us to invest in our businesses while maintaining flexibility to return capital to our shareholders."
Pandit takes $50M home, either way.
SunTrust had minimum stressed ratio 4.8% with capital actions; had to be 5%
Fed says MET misses fed target on capital ratio in stress test
KeyCorp announces common stock repurchase, to evaluate dividend increase
KeyCorp announced that its board has authorized a common stock repurchase program of up to $344M and will evaluate an increase in the company's quarterly common stock dividend at its regular meeting in May. These actions were part of the company's capital plan that was submitted to the Federal Reserve as part of the Comprehensive Capital Analysis and Review. The Federal Reserve has notified Key that it has no objections to the capital actions described in the plan.
Nice scalping Bob.
Fed says Citi plan to return capital fails stress test
LNG 17M offering
C Pandit laughing all the way to the HSBC
Its a conspiracy, everyone is raising them at the same time lol
Be back @ 4:30PM for more bank updates.