With a secure trillion dollars stuffed under the mattress and the promise of ZIRP forever, courtesy of the Federal Reserve, banks are now returning pennies of their perfect trading profits to bank investors only. So you must buy a stock where you cannot calculate simple shareholder equity in order to capture a .12 dividend. And for that, the stocks are all up billions in market value.
Comments »Yearly Archives: 2011
Banks Boost Dividends
The Federal Reserve gave banks the green light to boost dividends and start share buyback programs. Lo and behold, several banks have taken them up on such a kind offer.
Comments »BB&T Corp declared a $0.01 increase in the 2011 second-quarter dividend to $0.16, as well as a special $0.01 dividend
Wells Fargo increases quarterly cash dividend rate to $0.12, including a special Q1 cash dividend of $0.07, and increases common stock repurchase authority
JPMorgan Chase increases dividend to $0.25/share from $0.05/share; authorizes new stock repurchase
U.S. Bancorp announces 150% increase in annual dividend to $0.50 from $0.125; authorizes new 50 mln share repurchase program
GS Adds 19 Stocks To The “Conviction Buy List”
Fed Allows Some Banks To Restore Their Dividend
Flash: Delta Air Lines added to the short-term buy list at Deutsche Bank
They must be reading iBankCoin.
Comments »Uranium Surges
Bottom pickers are pecking away at Uranium ETF today, URA, sending it higher by 7%.
Related: Uranium related stocks are soaring too, with big gains in URRE (14%), URG (10%), DNN (6%) and URZ (4.5%)
Comments »Breadth Decidedly Strong
Intra-day overall market breadth is very strong, with more than 79% of stocks up on the day. Outliers can be found in both tech and retail, thanks to AAPL and NKE. However, generally speaking, stocks are up across the board.
Data provided by The PPT
Comments »Airlines Taking Off, As Oil Weakens
With the pullback in crude, beaten down airlines stocks are bouncing hard today, with outsized gains in LCC (+7%), AMR (+6%), ALK (+6%) and PNCL (+6%).
Comments »Rumor: Speculation Around Jobs Stepping Down from Apple
Shares of AAPL are dropping in renewed chatter that Jobs may step down.
Comments »Flash: Crack Spreads Continue Higher
Even with crude selling off, the decline in gasoline and heating oil is less, lending to a higher spread for refiners this morning, now up 1.1% to $24.09.
UPDATE: Spreads have widened, now +1.9% to $24.29
Comments »Libya declares cease fire
Saudi Arabia Hands Out More Money
In an effort to quell whispers of revolution, The House of Saud bribed its citizens again. King Abdullah announced they would be building 500,000 new homes, give money to the unemployed, set the minimum wage at $800 per month and mandated all civil servants, students and members of the military receive 2 months of “bonus pay” for their loyalty to the crown.
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