Citigroup Inc. (NYSE:C)’s $285 million mortgage-securities pact with the U.S. Securities and Exchange Commission was revived as an appeals court assailed a judge’s demand for more evidence backing up the regulator’s claims. Citigroup Inc. (NYSE:C) stock opened today at $48.01 and is currently trading at $47.99. The stock showed a positive weekly performance of 1.18%.
National Bank of Greece (NYSE:NBG) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. National Bank of Greece (ADR) (NYSE:NBG) stock opened at $3.76, in current trading session and currently is at $3.79, by gaining 4.70%. The 52 week range of $2.85 – $6.48. Company’s market capitalization is 9.08 billion.
MBIA Inc. (NYSE:MBI) CEO Joseph W. Brown acquired 62,165 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of $11.71 per share, with a total value of $727,952.15. Following the transaction, the chief executive officer now directly owns 3,765,763 shares in the company, valued at approximately $44,097,085. MBIA Inc. (NYSE:MBI) stock is currently trading at $12.43. The EPS of the stock is 1.29. Company’s market capitalization is 2.43 billion.
Wells Fargo & Company (NYSE:WFC) has provided £220 million ($363 million USD) in financing for Threadneedle Investments, a leading international investment manager, to help refinance all three existing loan facilities within its Strategic Property Fund IV. The Fund consists of 19 commercial real estate assets located across the UK, including retail warehousing, office and industrial properties, and a portfolio of approximately 120 retail bank branches. Wells Fargo & Co (NYSE:WFC) stock opened the session at $51.11, and now is at $51.17. The 52 week range of the Wells Fargo & Co (NYSE:WFC) stock remained $39.40 – $51.38 and the day range was $51.02 – $51.38.
Bank of America Corp (NYSE:BAC) Global Banking unit has performed well as low rates encourage corporate borrowing, boosting investment banking fees and loan growth. On the other hand, lower rates aren’t good for the loan book, which has seen its net interest spread shrink by 0.5 percentage points, from 3.18% to 2.68% in the first quarter of 2014. A recent company presentation calls for $8.8 trillion in global debt issuance in 2014, down from a peak of $9.5 trillion in 2013. Bank of America Corp (NYSE:BAC) stock opened today at $15.28 and is currently trading at $15.23. The stock showed a positive weekly performance of 0.46%.