BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Cramer on BloggingStocks: The Fed's push for TARP payback ]]>http://www.bloggingstocks.com/2009/11/24/cramer-on-bloggingstocks-the-feds-push-for-tarp-payback/http://www.bloggingstocks.com/2009/11/24/cramer-on-bloggingstocks-the-feds-push-for-tarp-payback/http://www.bloggingstocks.com/2009/11/24/cramer-on-bloggingstocks-the-feds-push-for-tarp-payback/#commentsFiled under: , , , , , , , ,

TheStreet.com's Jim Cramer says the sooner banks repay TARP, the more likely they will power higher in 2010.

The Federal Reserve wants higher stock prices. That's all I can think of when I see that it wants repayment plans into place for the big banks such as Bank of America (BAC) (Cramer's Take), PNC (PNC) (Cramer's Take), Citigroup (C) (Cramer's Take), Fifth Third (FITB) (Cramer's Take), Wells Fargo (WFC) (Cramer's Take), Regions Financial (RF) (Cramer's Take), SunTrust (STI) (Cramer's Take) and KeyCorp (KEY) (Cramer's Take), all names that haven't repaid the Troubled Asset Relief Program yet.

Why would these plans bring about higher prices?

Continue reading Cramer on BloggingStocks: The Fed's push for TARP payback

Cramer on BloggingStocks: The Fed's push for TARP payback originally appeared on BloggingStocks on Tue, 24 Nov 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredfitbjim cramerJimCramerkeypncstiTue, 24 Nov 2009 09:30:00 EST<![CDATA[Citigroup CEO Vikram Pandit to rake in $1 salary]]>http://www.bloggingstocks.com/2009/11/18/citigroup-ceo-vikram-pandit-to-rake-in-1-salary/http://www.bloggingstocks.com/2009/11/18/citigroup-ceo-vikram-pandit-to-rake-in-1-salary/http://www.bloggingstocks.com/2009/11/18/citigroup-ceo-vikram-pandit-to-rake-in-1-salary/#commentsFiled under: , ,

A few lucky executives at Citigroup (C) received base pay raises this year, but CEO Vikram Pandit isn't among them. The bank announced that it will compensate Pandit exactly $1 for his services, with no stock salary. Last year, the chief executive collected a modest salary (by Wall Street standards) of $958,333.

Meanwhile, Chief Financial Officer John Gerspach's base compensation was hiked from $400,000 to $500,000 effective Nov. 1. James Forese, co-head of global markets, enjoyed an even heftier pay raise -- his base salary jumped from $225,000 to $475,000.

Continue reading Citigroup CEO Vikram Pandit to rake in $1 salary

Citigroup CEO Vikram Pandit to rake in $1 salary originally appeared on BloggingStocks on Wed, 18 Nov 2009 11:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CCitigroupinthenewsJames ForeseJohn GerspachKenneth Feinbergpay czarpay packagesalaryStephen VolkVikram PanditWed, 18 Nov 2009 11:20:00 EST<![CDATA[Closing Bell: As the bears see sunset... (XOM, C, DELL, PLA, CSCO, LOW)]]>http://www.bloggingstocks.com/2009/11/16/closing-bell-as-the-bears-see-sunset-xom-c-dell-pla-csc/http://www.bloggingstocks.com/2009/11/16/closing-bell-as-the-bears-see-sunset-xom-c-dell-pla-csc/http://www.bloggingstocks.com/2009/11/16/closing-bell-as-the-bears-see-sunset-xom-c-dell-pla-csc/#commentsFiled under: , , , ,

Today was another up-day that started out strong and stayed strong. Retail sales helped trump a weak NY Fed manufacturing number, and Ben Bernanke said he sees no asset bubbles in the US markets today.

Here were today's unofficial closing bell levels:

DJIA
NASDAQ
S&P500

Top Analyst Calls
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Top Stock & Market Rumors

Continue reading Closing Bell: As the bears see sunset... (XOM, C, DELL, PLA, CSCO, LOW)

Closing Bell: As the bears see sunset... (XOM, C, DELL, PLA, CSCO, LOW) originally appeared on BloggingStocks on Mon, 16 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CCSCODELLLOWPLAXOMMon, 16 Nov 2009 16:00:00 EST<![CDATA[Japan's warming up to buyouts?]]>http://www.bloggingstocks.com/2009/11/16/japans-warming-up-to-buyouts/http://www.bloggingstocks.com/2009/11/16/japans-warming-up-to-buyouts/http://www.bloggingstocks.com/2009/11/16/japans-warming-up-to-buyouts/#commentsFiled under: ,

To unwind its $45 billion in federal loans, Citigroup (C) has been aggressively selling off non-core assets. For example, the company sold its Japanese brokerage -- Nikko Cordial Securities -- and is even planning to take its Primerica unit public.

The dealmaking has continued. This week, Citigroup has agreed to sell its Bellsystem24 -- a major call center operator -- for $1 billion to Bain Capital LLC. All in all, it's a small deal. But every dollar counts, right?

This deal also highlights another trend; that is, the Japanese market is getting more amenable to buyouts, which is certainly a big shift. After all, Japan tries to avoid huge job losses. Yet, this can make it more difficult to streamline companies.

In fact, the Bellsystem24 transaction was able to get financing from a syndicate of Japanese financial institutions that include Sumitomo Mitsui Financial Group, Mizuho Financial Group and Mitsubishi UFJ Financial Group. No doubt, this is a sign that key players in Japan are willing to make some changes when it comes to buyouts.

Tom Taulli is the author of various books, including The Complete M&A Handbook.

Japan's warming up to buyouts? originally appeared on BloggingStocks on Mon, 16 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BainBellsystem24cinthenewsMon, 16 Nov 2009 15:40:00 EST<![CDATA[Dollar General goes retail on Wall Street]]>http://www.bloggingstocks.com/2009/11/13/dollar-general-goes-retail-on-wall-street/http://www.bloggingstocks.com/2009/11/13/dollar-general-goes-retail-on-wall-street/http://www.bloggingstocks.com/2009/11/13/dollar-general-goes-retail-on-wall-street/#commentsFiled under: , ,

Dollar General Store (DG) started as a wholesaler in 1939 and then became a retailer in 1955, when the company setup its first store. Since then, the company has grown rapidly. Now, Dollar General is the largest discount retailer in the U.S. -- that is, in terms of the number of stores (which is currently at 8,577).

A few years ago, Dollar General went private, with the backing of KKR, Citi (C), Goldman Sachs (GS), Wellington Management and the Canada Pension Plan Investment Board. It was at the height of the buyout boom, with a price tag of $7.3 billion. Only $2.8 billion was in equity.

Continue reading Dollar General goes retail on Wall Street

Dollar General goes retail on Wall Street originally appeared on BloggingStocks on Fri, 13 Nov 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>DGDollar GeneralinthenewsIPOFri, 13 Nov 2009 13:20:00 EST<![CDATA[Primerica IPO: Citigroup unwinds its far-flung empire]]>http://www.bloggingstocks.com/2009/11/06/primerica-ipo-citigroup-unwinds-its-far-flung-empire/http://www.bloggingstocks.com/2009/11/06/primerica-ipo-citigroup-unwinds-its-far-flung-empire/http://www.bloggingstocks.com/2009/11/06/primerica-ipo-citigroup-unwinds-its-far-flung-empire/#commentsFiled under: ,

Being 34% owned by the U.S. government, Citigroup's (NYSE: C) destiny is somewhat murky. Yet, to pay off the loans, this massive financial institution must shrink. To this end, Citigroup has filed a public offering for its Primerica Financial Services. According to the prospectus, the deal is expected to raise $100 million, but it's likely the amount will be much larger.

Primerica certainly has an interesting history. Back in 1977, an aggressive financial service executive, Arthur Williams, started the company, with the focus on providing term insurance to consumers as well as mutual fund products. However, he had an interesting twist on distribution: he used network marketing. Basically, a Primerica agent would get incentives by recruiting new agents. As a result, the company's growth exploded.

Continue reading Primerica IPO: Citigroup unwinds its far-flung empire

Primerica IPO: Citigroup unwinds its far-flung empire originally appeared on BloggingStocks on Fri, 06 Nov 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Arthur WilliamsArthurWilliamsccitigroupfeaturedinitial public offeringInitialPublicOfferingipoPrimericasandy weillSandyWeillFri, 06 Nov 2009 11:00:00 EST<![CDATA[John Reed on the Citigroup fiasco: 'Sorry' is the easiest word]]>http://www.bloggingstocks.com/2009/11/06/john-reed-on-the-citigroup-fiasco-sorry-is-the-easiest-word/http://www.bloggingstocks.com/2009/11/06/john-reed-on-the-citigroup-fiasco-sorry-is-the-easiest-word/http://www.bloggingstocks.com/2009/11/06/john-reed-on-the-citigroup-fiasco-sorry-is-the-easiest-word/#commentsFiled under: ,

John Reed, the financier who helped engineer the creation of Citigroup (NYSE: C) has a message for investors and taxpayers who are none-to-pleased with his track record of value destruction: My bad!

In an interview with Bloomberg, Reed said "I'm sorry. These are people I love and care about. You could imagine emotionally it's not easy to see what's happened."

He also advocated splitting Citigroup and similar banks into smaller parts to lessen their ability to torpedo the broader economy.

Continue reading John Reed on the Citigroup fiasco: 'Sorry' is the easiest word

John Reed on the Citigroup fiasco: 'Sorry' is the easiest word originally appeared on BloggingStocks on Fri, 06 Nov 2009 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CCitigroupinthenewsJohn ReedFri, 06 Nov 2009 10:40:00 EST<![CDATA[Cramer on BloggingStocks: Assigning blame after Friday's market plunge]]>http://www.bloggingstocks.com/2009/11/02/cramer-on-bloggingstocks-assigning-blame/http://www.bloggingstocks.com/2009/11/02/cramer-on-bloggingstocks-assigning-blame/http://www.bloggingstocks.com/2009/11/02/cramer-on-bloggingstocks-assigning-blame/#commentsFiled under: , , , , , , ,

TheStreet.com's Jim Cramer wonders whether the big selloff was caused by anxious managers locking in profits.

What happens if it is was mostly lock-in action? What if the big themes that everyone so feared weren't so big, and that the selloff -- so ugly, with so much damage -- was just technical and remains that way?

Besides my oft-repeated statement that I don't expect a pullback to exceed 7%, I think this market didn't make a lot of sense last week.

Here were the big themes: dollar getting stronger, causing a decline in minerals and resources; industrials faltering; recession stocks roaring back.

Continue reading Cramer on BloggingStocks: Assigning blame after Friday's market plunge

Cramer on BloggingStocks: Assigning blame after Friday's market plunge originally appeared on BloggingStocks on Mon, 02 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ccitdnreacfeaturedgisjim cramerJimCramerkkopepskfMon, 02 Nov 2009 10:00:00 EST<![CDATA[Closing Bell: Just tricks, no treats (CIT, XOM, C, NVTL, RVSN, CSCO)]]>http://www.bloggingstocks.com/2009/10/30/closing-bell-just-tricks-no-treats-cit-xom-c-nvtl-rvsn-c/http://www.bloggingstocks.com/2009/10/30/closing-bell-just-tricks-no-treats-cit-xom-c-nvtl-rvsn-c/http://www.bloggingstocks.com/2009/10/30/closing-bell-just-tricks-no-treats-cit-xom-c-nvtl-rvsn-c/#commentsFiled under: , ,

Today was mired by awful spending and income data as many are actually now not believing that high GDP figure from yesterday. Earnings were virtually the same as earnings tend to beat estimates but because of cost cutting.

Here were today's unofficial closing bell levels:

Dow 9,710.54 -252.04 (-2.53%)
S&P 500 1,036.01 -30.10 (-2.82%)
Nasdaq 2,045.11 -52.44 (-2.50%)

Top 10 Analyst Calls
Top Stock Rumors
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Continue reading Closing Bell: Just tricks, no treats (CIT, XOM, C, NVTL, RVSN, CSCO)

Closing Bell: Just tricks, no treats (CIT, XOM, C, NVTL, RVSN, CSCO) originally appeared on BloggingStocks on Fri, 30 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CCITCSCOfeaturedNVTLRVSNXOMFri, 30 Oct 2009 16:00:00 EST<![CDATA[Will Blackstone make magic with Merlin?]]>http://www.bloggingstocks.com/2009/10/25/will-blackstone-make-magic-with-merlin/http://www.bloggingstocks.com/2009/10/25/will-blackstone-make-magic-with-merlin/http://www.bloggingstocks.com/2009/10/25/will-blackstone-make-magic-with-merlin/#commentsFiled under: , , , , ,

What has Blackstone (NYSE: BX) been doing with all those theme parks it's been buying? Well, the answer is becoming a bit clearer now. The private equity firm is getting ready to take theme park operator Merlin Entertainments public early next year.

Several investment banks have already been called to advise on the transaction, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS), Deutsche Bank (NYSE: DB), UBS (NYSE: UBS), and Nomura (NYSE: NMR). If all goes as planned, the deal could be good for $3.33 billion.

Continue reading Will Blackstone make magic with Merlin?

Will Blackstone make magic with Merlin? originally appeared on BloggingStocks on Sun, 25 Oct 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>blackstone groupblackstone group ipobxcitigroupdbdeutsche bankdisdisneygoldman sachs groupgsinthenewsinvestment bankingipomerlin entertainmentnomuratheme parksubswalt disneySun, 25 Oct 2009 14:40:00 EST<![CDATA[Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...]]>http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/http://www.bloggingstocks.com/2009/10/17/earnings-highlights-c-ge-goog-hog-intc-ibm-jnj-jpm-mat/#commentsFiled under: , , , , , , , , , , , , , , , ,

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ...

Earnings highlights: C, GE, GOOG, HOG, INTC, IBM, JNJ, JPM, MAT, NOK ... originally appeared on BloggingStocks on Sat, 17 Oct 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AbbottABTAMDATIBACBank of AmericaCitigroupCSXDominos PizzaDPZearningsFASTFastenalGEGeneral ElectricGoldman SachsGOOGGoogleGSHarley-DavidsonHOGIBMINTCIntelJNJJohnson and JohnsonJPMJPMorganLabsMATMattelNOKNokiaNTRINutrisystemWGOWinnebagoXilinxXLNXSat, 17 Oct 2009 14:40:00 EST<![CDATA[Bank of America loses a lot of money in Q3 ]]>http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/http://www.bloggingstocks.com/2009/10/17/bank-of-america-loses-a-lot-of-money-in-q3/#commentsFiled under: , , , , ,

I don't think anyone could have had a positive reaction to Bank of America's (NYSE: BAC) third-quarter report, which was released on Friday. According to Bloomberg, management lost $1 billion in the past three months. Big ouch on that one. The financial institution bled 26 cents per diluted share. No earnings beat here, either. Wall Street sent shares down 4.6% by the end of yesterday's trading session.

The year-ago period was a happier time. Back then, Bank of America was rolling in the dough, posting a profit of 15 cents per share. What a difference 12 months makes. Looking at the nine-month record perhaps gives a small amount of comfort to shareholders. The company made 39 cents per diluted share. Of course, that doesn't sit too well next to the $1.09 per diluted share booked in the comparable period. But at least it's not a loss, know what I mean?

Continue reading Bank of America loses a lot of money in Q3

Bank of America loses a lot of money in Q3 originally appeared on BloggingStocks on Sat, 17 Oct 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACbank of americabanksCcitigroupfinancial stocksgoldman sachsGSinthenewsJPMjpmorgan chaseSat, 17 Oct 2009 11:40:00 EST<![CDATA[Cramer on BloggingStocks: Investors not given proper credit ]]>http://www.bloggingstocks.com/2009/10/15/cramer-on-bloggingstocks-investors-not-given-proper-credit/http://www.bloggingstocks.com/2009/10/15/cramer-on-bloggingstocks-investors-not-given-proper-credit/http://www.bloggingstocks.com/2009/10/15/cramer-on-bloggingstocks-investors-not-given-proper-credit/#commentsFiled under: , , , , , , , , , , ,

The Street.com's Jim Cramer says that reasonable people who believe the market is a reasonable place to make money are getting back in.

People are getting back to even. In the last 72 hours I have spoken to about 500 investors -- or at least 500 book buyers! -- many of whom have told me they recently either got back to even, having dodged the big decline or gotten in near the bottom, or are actually up nicely because they saw the opportunity in March and rode it back up.

I always figure when you meet people it is strictly anecdotal. But when you meet 500 of them it crosses over into empirical. Here's what I saw of this particular cross-section.

Continue reading Cramer on BloggingStocks: Investors not given proper credit

Cramer on BloggingStocks: Investors not given proper credit originally appeared on BloggingStocks on Thu, 15 Oct 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredjim cramerJimCramerThu, 15 Oct 2009 09:30:00 EST<![CDATA[Options Update: Citigroup options suggest flat movement into EPS]]>http://www.bloggingstocks.com/2009/10/15/options-update-citigroup-options-suggest-flat-movement-into-eps/http://www.bloggingstocks.com/2009/10/15/options-update-citigroup-options-suggest-flat-movement-into-eps/http://www.bloggingstocks.com/2009/10/15/options-update-citigroup-options-suggest-flat-movement-into-eps/#commentsFiled under: ,

Citigroup (NYSE: C) closed at $5.00. C is expected to report Q3 EPS today. C options were active on October 14th with 1,117,189 contracts trading. C October 5 straddle is priced at 33c, November 5 straddle is at 72c. C November option implied volatility is at 56, December is at 56, January is at 59; verses its 26-week average of 79, according to Track Data, suggesting decreasing price movement after EPS.

UAL Corp (NASDAQ: UAUA) closed at $7.82. UAUA is scheduled to report Q3 EPS on October 20. UAUA November option implied volatility is at 80, December is at 84; below its 26-week average of 111, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: Citigroup options suggest flat movement into EPS originally appeared on BloggingStocks on Thu, 15 Oct 2009 08:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>option implied volatilityOptionImpliedVolatilityUAL CorpUalCorpThu, 15 Oct 2009 08:20:00 EST<![CDATA[Before the bell: Futures turn lower after Goldman's results]]>http://www.bloggingstocks.com/2009/10/15/before-the-bell-futures-steady-after-goldmans-results/http://www.bloggingstocks.com/2009/10/15/before-the-bell-futures-steady-after-goldmans-results/http://www.bloggingstocks.com/2009/10/15/before-the-bell-futures-steady-after-goldmans-results/#commentsFiled under: , , , , , , , ,

U.S. stock futures were mixed to lower Thursday morning, trading in a tight range as investors look beyond Dow 10,000. Another wave of earnings is due out today, including from financial giants Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS). Also, a slew of economic releases will be reported, including inflation and two key regional indexes. [[Update 8:15 a.m.: Futures turned lower after Goldman's results.]]

Wall Street rallied Wednesday on earnings optimism, following upbeat profit reports from Intel (NASDAQ: INTC) and JPMorgan Chase (NYSE: JPM). It was enough to lift the Dow industrials to its first close above 10,000 in a year. But some, like my colleague Dan Burrows, think it won't last.

Continue reading Before the bell: Futures turn lower after Goldman's results

Before the bell: Futures turn lower after Goldman's results originally appeared on BloggingStocks on Thu, 15 Oct 2009 07:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredThu, 15 Oct 2009 07:35:00 EST<![CDATA[JPMorgan Chase crushes third-quarter earnings forecast]]>http://www.bloggingstocks.com/2009/10/14/jpmorgan-chase-crushes-third-quarter-earnings-forecast/http://www.bloggingstocks.com/2009/10/14/jpmorgan-chase-crushes-third-quarter-earnings-forecast/http://www.bloggingstocks.com/2009/10/14/jpmorgan-chase-crushes-third-quarter-earnings-forecast/#commentsFiled under: , , ,

Tuesday morning greeted us with earnings from banking behemoth JPMorgan Chase (NYSE: JPM). The company said it earned $3.59 billion and that it nearly doubled the amount of money it saved for loan losses in the third quarter.

Breaking the results down into per-share earnings, JPM trounced the consensus estimate. The bank earned 82 cents per share, nearly double the expected 49 cents per share. Quarterly revenue increased to $26.62 billion from last year's same-quarter revenue of $14.74 billion.

Continue reading JPMorgan Chase crushes third-quarter earnings forecast

JPMorgan Chase crushes third-quarter earnings forecast originally appeared on BloggingStocks on Wed, 14 Oct 2009 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacBank of AmericaBankOfAmericacCitigroupfinancial sectorfinancial stocksFinancialSectorFinancialStocksinthenewsjpmJPMorgan ChaseJpmorganChaseWed, 14 Oct 2009 08:30:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: AMD, C, GAP, GS, MET, PSUN, USB ...]]>http://www.bloggingstocks.com/2009/10/13/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/10/13/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/10/13/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , , , ,

Analyst upgrades:

  • Credit Suisse upgraded Stancorp (NYSE: SFG) to Outperform from Neutral citing relative valuation and EPS visibility.
  • Jefferies upgraded Cypress Semiconductor (NYSE: CY) to Hold from Underperform after its channel checks indicated the company's capacitive touch screen solution has design traction. The firm raised its target on shares to $10 from $7.50.
  • FBR Capital upgraded Pacific Sunwear (NASDAQ: PSUN) to Outperform from Market Perform to reflect improving store channel checks, the company's brand focus and controlled inventory, as well as the firm's belief that guidance could be conservative. FBR raised its target on shares to $9 from $6.
  • Advanced Micro (NYSE: AMD) was upgraded to Market Perform from Underperform at JMP Securities.
  • Lam Research (NASDAQ: LRCX) was upgraded to Overweight from Equal Weight at Barclays.
  • Philips Electronics (NYSE: PHG) was upgraded to Buy from Hold at RBS.

Continue reading Analyst upgrades, downgrades and initiations: AMD, C, GAP, GS, MET, PSUN, USB ...

Analyst upgrades, downgrades and initiations: AMD, C, GAP, GS, MET, PSUN, USB ... originally appeared on BloggingStocks on Tue, 13 Oct 2009 11:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMDAMPanalyst upgradesCitigroupCRZOCYdowngradesFFIVFITBGAPGoldman SachsGWinitiationsinthenewsJOYGLRCXMETPHGPSUNQLGCSFGSVUSYNAUSBZIONTue, 13 Oct 2009 11:10:00 EST<![CDATA[Why does Geithner always take calls from the big three bankers?]]>http://www.bloggingstocks.com/2009/10/08/why-does-geithner-always-take-calls-from-the-big-three-bankers/http://www.bloggingstocks.com/2009/10/08/why-does-geithner-always-take-calls-from-the-big-three-bankers/http://www.bloggingstocks.com/2009/10/08/why-does-geithner-always-take-calls-from-the-big-three-bankers/#commentsFiled under: , , ,

Who does our Treasury Secretary speak to most of the time? Yup. You guessed it. It's the big three bankers.

Who are they? First, we have Lloyd Blankenstein, CEO of Goldman Sachs Group (NYSE GS). Then we have Jamie Dimon, CEO of JPMorgan Chase & Company (NYSE JPM) and then CEO, Vikam Pandt of Citigroup Inc. (NYSE C).

You are probably also wondering how do we know this? The Associated Press did a review of Geithner's calendar under the Freedom of Information Act.

In his first seven months on the job, Geithner made at least 80 contacts with the "big three." Not only that Geithner jumps to the phone when they call. They are the dominant players on Wall Street who can move markets and even economies.

Continue reading Why does Geithner always take calls from the big three bankers?

Why does Geithner always take calls from the big three bankers? originally appeared on BloggingStocks on Thu, 08 Oct 2009 14:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cgeithnergsinthenewsJamie DimonJamieDimonjpmlloyd blankfeinLloydBlankfeinvikram panditVikramPanditThu, 08 Oct 2009 14:20:00 EST<![CDATA[What a deal! Office rents drop as demand slows ]]>http://www.bloggingstocks.com/2009/10/07/what-a-deal-office-rents-drop-as-demand-slows/http://www.bloggingstocks.com/2009/10/07/what-a-deal-office-rents-drop-as-demand-slows/http://www.bloggingstocks.com/2009/10/07/what-a-deal-office-rents-drop-as-demand-slows/#commentsFiled under: , , , ,

Starting your own business? Need some extra space for your needlepoint habit? You're in luck ... office space comes cheap these days. In fact, rent for office space is sliding lower at the fastest rate since 1995. In the third quarter, office rents dropped 8.5% on a year-over-year basis.

Falling prices typically go hand in hand with falling demand and in fact, vacancies are on the rise as layoffs increase. New York-based real-estate research firm Reis says the office vacancy rate has hit a five-year high of 16.5%. Last quarter, tenants returned 19.6 million square feet of commercial rental space to their landlords.

Continue reading What a deal! Office rents drop as demand slows

What a deal! Office rents drop as demand slows originally appeared on BloggingStocks on Wed, 07 Oct 2009 12:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bacbank of americaBankOfAmericabanksccommerical real estateCommericalRealEstateregional banksRegionalBanksrentalswfcWed, 07 Oct 2009 12:40:00 EST<![CDATA[Cramer on BloggingStocks: The future for BofA is with Moynihan ]]>http://www.bloggingstocks.com/2009/10/07/cramer-on-bloggingstocks-the-future-for-bofa-is-with-moynihan/http://www.bloggingstocks.com/2009/10/07/cramer-on-bloggingstocks-the-future-for-bofa-is-with-moynihan/http://www.bloggingstocks.com/2009/10/07/cramer-on-bloggingstocks-the-future-for-bofa-is-with-moynihan/#commentsFiled under: , , , , , ,

TheStreet.com's Jim Cramer says the faction supporting Greg Curl as new CEO doesn't realize he would be a step backward for the bank.

From day one my money's been on Brian Moynihan to run Bank of America (NYSE: BAC) (Cramer's Take). But the drumbeat grows louder from Charlotte, N.C., that Greg Curl's the man.

Why?

I think the reasoning is simple. Bank of America is like the Balkans. It's got all of these little countries within it and they all want hegemony. Nation's Bank. Bank of America. Fleet Bank. Ken Lewis always reminded me of Josip Broz Tito, holding together Yugoslavia as long as he was alive, although knowing Tito the way I did, he would never have overpaid for so many painful acquisitions.

Continue reading Cramer on BloggingStocks: The future for BofA is with Moynihan

Cramer on BloggingStocks: The future for BofA is with Moynihan originally appeared on BloggingStocks on Wed, 07 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredjim cramerJimCramerWed, 07 Oct 2009 10:00:00 EST