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Comerica (CMA)

Comerica Incorporated today announced that it has redeemed the $2.25 billion of preferred stock issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program's Capital Purchase Program (TARP), five days after completing the public issuance of $880 million of its common stock. In addition to the $2.25 billion redemption payment, Comerica paid the U.S. Treasury a total of $150.9 million in dividends on the preferred stock since the date it was issued in November 2008.
By repaying the TARP investment, Comerica will eliminate the annual $134 million negative impact to net income to common shareholders related to the preferred stock.

Mar 18 · 11:19:00 AM · Source: Company Press Release
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by Larry Etter

CB Richard Ellis Group (CBG)

CB Richard Ellis Group, Inc. today announced a significant expansion of its solar energy services capabilities and an enhanced commitment to sustainable property ownership through the launch of CBRE Solar. CBRE Solar will provide services to the Company's clients, initially in the United States and Canada. Its service offering encompasses a broad range of solar energy solutions for clients, including solar power purchase agreements, roof leases, advisory services, project development services, project management services and solar project investment opportunities.

Mar 18 · 11:17:00 AM · Source: Company Press Release
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by Larry Etter

Citigroup (C)

Citigroups' life insurance unit, Primerica, filed for an initial public offering of up to $252 million as part of Citigroup's plan to shed assets outside its main banking business. Citi expects to sell 18 million Primerica shares to the public and 17.2 million shares to private equity firm Warburg Pincus, plus warrants. Post-IPO, Citi's stake will be 32%-46%, while Warburg Pincus' stake will be 23%-33%.

Mar 18 · 11:14:00 AM
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by Larry Etter

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

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