Fri Mar 18, 2011 10:44am EST
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.
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
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Fri Mar 18, 2011 10:44am EST
Fri Mar 18, 2011 10:41am EST
Fri Mar 18, 2011 10:26am EST
They must be reading iBankCoin.
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Fri Mar 18, 2011 10:05am EST
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%)
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Fri Mar 18, 2011 10:01am EST
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
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Fri Mar 18, 2011 9:22am EST
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%).
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Fri Mar 18, 2011 9:05am EST
Shares of AAPL are dropping in renewed chatter that Jobs may step down.
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Fri Mar 18, 2011 8:47am EST
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
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Fri Mar 18, 2011 8:40am EST
Fri Mar 18, 2011 8:35am EST
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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Fri Mar 18, 2011 7:12am EST
Fri Mar 18, 2011 7:03am EST
Fri Mar 18, 2011 6:57am EST
Fill that bitch with sand and concrete
Full Story
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Fri Mar 18, 2011 6:14am EST
Fri Mar 18, 2011 6:08am EST
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