This morning, 4/20/09, there are several news events that are causing the stock market futures to trade lower as we start one of the busiest weeks for earnings.
Stock Market News - April 20, 2009
Bank Nationalization: US May Convert Banks' Bailouts to Equity Share - Top story of the day in my opinion...futures are tanking on this news!
Bank of America ( BAC ) - BAC reports earnings of .44 cents per share. B of A stock is dropping on this earnings news as investors sell the news.
TARP Repayment: U.S. to put conditions on TARP repayment: report
Jack Bouroudjian, CNBC - Jack Bouroudjian came on CNBC this morning and stated that after he predicted the latest jaw dropping rally, it is time to go back and retest the lows in the next 6 weeks. Jack is one of the few traders I follow out there in Wall Street. Bouroudjian has been spot on over the past year. Art Cashin also said on Friday that he sees a strong pullback coming in the markets. I will be watching 8000 on the Dow closely!
Oracle ( ORCL ) - Sun Micro ( SUNW ) - Oracle to buy Sun Micro for $9.50/share
Stocks to Watch Today -Right Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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Showing posts with label tarp payback. Show all posts
Showing posts with label tarp payback. Show all posts
Monday, April 20, 2009
Friday, April 3, 2009
Bank of America BAC Paying back TARP
Today, 4/3/09, Bank of America ( BAC ) announced that they will pay back some of the TARP. Financial stocks are surging from this news.
Bank of America to Pay $713 Million in TARP Preferred Dividends - April 3, 2009
CHARLOTTE, N.C., April 3 /PRNewswire/ -- Bank of America Corporation today said the Board of Directors has authorized approximately $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program (TARP).
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)
As previously announced, Bank of America paid its first dividends totaling $402 million to the U.S. Department of the Treasury in February, reflecting the company's ongoing commitment to pay back taxpayers as quickly as possible.
Dividends related to the government's investment in the company under TARP include the following:
The cash dividend of $312.50 per share, or a total of approximately $188 million, on the Fixed Rate Cumulative Perpetual Preferred Stock, Series N, is payable on May 15, 2009 to the Treasury Department, the shareholder of record as of April 30, 2009. This quarterly dividend payment relates to the government's $15 billion investment in Bank of America made under the Capital Purchase Program of TARP.
Full Article Here
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Bank of America to Pay $713 Million in TARP Preferred Dividends - April 3, 2009
CHARLOTTE, N.C., April 3 /PRNewswire/ -- Bank of America Corporation today said the Board of Directors has authorized approximately $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program (TARP).
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)
As previously announced, Bank of America paid its first dividends totaling $402 million to the U.S. Department of the Treasury in February, reflecting the company's ongoing commitment to pay back taxpayers as quickly as possible.
Dividends related to the government's investment in the company under TARP include the following:
The cash dividend of $312.50 per share, or a total of approximately $188 million, on the Fixed Rate Cumulative Perpetual Preferred Stock, Series N, is payable on May 15, 2009 to the Treasury Department, the shareholder of record as of April 30, 2009. This quarterly dividend payment relates to the government's $15 billion investment in Bank of America made under the Capital Purchase Program of TARP.
Full Article Here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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