Word: bankes
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Dates: during 2000-2009
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...Treasury also said it would allow smaller investment managers to have a chance to participate in the program, probably in the hope that a wider net will catch more fish. But, when the local community bank in Akron, Ohio is allowed to get federal money to buy toxic assets from Bank of America (BAC), it does not look good...
...Left out of the conversation about bank values are the actual prices of the stocks. It has been the standard proxy of value for decades and there is little reason to change this now. Experts will say that bank stocks were too high two years ago when they traded at their all-time highs. The financial results at the companies were pretty good then. When investors caught on that the party was over, they cut the market values of many of the companies by more than 95%. And, they did it quickly. A perfectionist would argue that investors should have...
...Citigroup trades at $2.72 now. All the harsh talk from bank analysts pushed the stock down by less than 5% yesterday. That means a lot of investors gave the alarmists little credence. Maybe they want to see Citi's first quarter earnings before they decide what the bank is worth. Since the stock is down from over $55 less than two years ago, no one is assuming that the bank is going to earn billions of dollars for the quarter. The question is probably how few billion it will lose...
...most powerful argument that bank experts make about why Citi is not valued correctly is that, first, no one has access to its books, and second, the bank has so many levels of debt and equity that no one can unravel what the convertible preferred and senior notes are worth, let alone the common stock. That point of view leaves out the most obvious aspect of valuing Citi's stock which is that it is followed by thousands of experts. Cit trades over 400 million shares a day. With that much volume and that many experts, the market for evaluating...
After a four-week rally, stocks moved lower on Monday and Tuesday. Does this spell the end of the uptrend or just healthy consolidation? To find out, TIME contributing editor John Curran spoke with Mary Ann Bartels, stock market technical analyst at Bank of America/Merrill Lynch...