Archive for the ‘Financial’ Category

I was having a lunch today in a nice, cozy place. The food was not great, but it was "adequate". I then proceeded to pay, the bill was for $12.95, I gave them my Visa card, but the guy told me, with a heavy accent, that "they don't accept credit cards". I...

August 26, 2010 | In: Financial

Buy RY!

Royal Bank of Canada missed the estimates for the third quarter and revenue fell to 18% to US $1.21 billion from a year earlier. But there is nothing to be worried about, both BMO, and CIBC missed the estimates as well, and they're all blaming it on the...

Like almost all other financials, Citigroup's stock is dropping like crazy. But Citigroup has more to worry about than just the economy: The treasury owns 18% of Citigroup shares and does not want them. 18% is just above 5 billion shares, and they're...

August 25, 2010 | In: Financial

Stay Clear from AIB

AIB is the stock symbol of Allied Irish Bank. Ireland credit rating was cut yesterday due to its weak economy, this only can only mean one thing, that the cost of borrowing will be higher. With a higher cost of borrowing, Irish banks will suffer and the...

August 23, 2010 | In: Financial, Opinion

Is AIG Becoming A Buy?

I first looked at AIG back in May, the stock around $34 then. I asked a friend who recommended avoiding this stock. But lately (with the exception of the last couple of weeks), the stock has been performing very well, as there were always good news...

I bought CVBF stocks a couple of weeks ago and first I was wondering whether it was a wrong decision or not as the stock is currently in a downward trend. Although the bank is currently under scrutiny, the fundamentals are still very strong and apparently...

August 21, 2010 | In: Financial

Having Fun with FAS and FAZ

FAS and FAZ are probably two of the most interesting stocks I've seen (but never traded, yet I will definitely trade them as soon as I have some money). They mirror each other (following graphs are for yesterday, courtesy of Yahoo Finance): FAS...

3 weeks ago, the SEC charged Citigroup for misleading investors back in 2007 about the bank's exposure to the subprime mortages. Citigroup agreed to pay $75 million in penalty. SEC felt triumphant, and Citigroup felt relieved. Apparently an investor...

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