Market News

U.S. Bancorp (USB)

The board of directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.05 per common share, payable April 15, 2010, to shareholders of record at the close of business on March 31, 2010. At this quarterly dividend rate, the annual dividend is equivalent to $0.20 per common share.

Mar 17 · 11:13:00 AM · Source: Company Press Release
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by Larry Etter

MetLife (MET)

MetLife, Inc. announced today that its life insurance subsidiary, Metropolitan Life Insurance Company, approved an aggregate payment amount of approximately $1.5 billion in policy dividend payments to eligible life insurance policyholders for 2010.
The company says the dividend payout not only reflects MetLife`s financial strength and stability, but also its commitment to its policyholders today and for the future

Mar 17 · 11:11:00 AM · Source: Company Press Release
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by Larry Etter

J.P. Morgan (JPM)

JPMorgan Chase & Co. today declared a quarterly dividend of 5 cents per share on the outstanding shares of the Corporation`s common stock. The dividend is payable on April 30, 2010, to stockholders of record at the close of business on April 6, 2010

Mar 17 · 11:07:00 AM · Source: Company Press Release
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by Larry Etter

Bank of America (BAC)

Investors have recovered their bullishness towards equity markets but are shifting their focus away from Europe and into the U.S. and Japan, according to the BofA Merrill Lynch Survey of Fund Managers for March.

Mar 17 · 11:05:00 AM · Source: Company Press Release
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by Larry Etter

Citigroup (C)

On Bloomberg this morning, Citigroup Inc. CEO Vikram Pandit said the Treasury Department will be free to sell its 27% stake in the bank starting next week and that he “wouldn’t be surprised” if the government were considering a sale. “I wouldn’t be surprised if they would actively think about something,” given where the stock is trading, he said.
The stock closed yesterday @ $ 4.18. The past few days have seen massive volume, an average of 1.2 billion shares. The Treasury was caught napping last October when the stock traded @ $5.00. They could have made a move to sell it all then, for a $13 billion profit!

Mar 12 · 8:28:00 AM
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by Jerry Byrne

MetLife (MET)

MetLife, Inc. announced today a definitive agreement to acquire one of American International Group, Inc.'s international subsidiaries, American Life Insurance Company, for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities, subject to closing adjustments.
And more cash comes in to help out the U.S. taxpayer.

Mar 9 · 11:38:00 AM
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by Larry Etter

Goldman Sachs (GS)

Bloomberg reports that Goldman Sachs is tapping demand that’s driven their borrowing costs to the lowest level in almost five years. The company issued $2 billion of bonds at a yield premium 44 % less than the last time it sold similar-maturity debt.
What a difference a year makes. Goldman sold the 5.375 % 10-year notes, priced to yield 5.493 percent, or 190 basis points more than Treasuries. Last May however, according to Bloomberg, Goldman paid a spread of 337.5 basis points.

Mar 2 · 11:12:00 AM
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by Jerry Byrne

AIG (AIG)

American International Group, Inc. announced today a definitive agreement for the sale of the AIA Group, Limited, one of the world's largest pan-Asian life insurance companies, to Prudential plc for approximately $35.5 billion, including approximately $25 billion in cash, $8.5 billion in face value of equity and equity-linked securities, and $2.0 billion in face value of preferred stock of Prudential, subject to closing adjustments.
This deal will provide some of the needed cash AIG sorely needs.

Mar 1 · 10:21:00 AM · Source: Company Press Release
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by Larry Etter

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