Market Maker Surveillance Report. GM, KO, PFE, BAC, MS, VZ, Bullishly Biased Price Friction For Thursday, September 18th 2014
M2 - 26 mins ago
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Thursday there were 4944 companies with "abnormal" market making, 2520 companies with positive Friction Factors and 2350 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. General Motors Co (NYSE:GM), The Coca-Cola Co (NYSE:KO), Pfizer Inc (NYSE
Most active New York Stock Exchange-traded stocks
AP - Thu Sep 18, 5:04PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at the close of trading:
Final Glance: Banks companies
AP - Thu Sep 18, 5:04PM CDT
NEW YORK (AP) — Shares of some top banks companies were up at the close of trading:
Bank of America Rises 1.61% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Thu Sep 18, 3:37PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $16.87 to a high of $17.15. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $16.93 on volume of 109.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
After Yesterday's Rally of 1.61% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Thu Sep 18, 3:37PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $16.87 to a high of $17.15. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $16.93 on volume of 109.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Stock Market Today: Dow, S&P Close at Record Highs Ahead of Alibaba IPO
at The Street - Thu Sep 18, 3:22PM CDT
U.S. stock markets opened strong to close higher on Thursday as the Dow hit a new record amid mixed economic reports.
Midday Glance: Banks companies
AP - Thu Sep 18, 12:18PM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 1 p.m.:
Why Citigroup (C) Stock Is Up Today
at The Street - Thu Sep 18, 11:12AM CDT
Shares of Citigroup (C) were up in afternoon trading Thursday after the Wall Street Journal reported the bank would offer mortgages at discounted interest rates.
Why Bank of America (BAC) Stock Is Up Today
at The Street - Thu Sep 18, 11:01AM CDT
Shares of Bank of America (BAC) were up Thursday after a report the bank would offer mortgages at discounted interest rates.
Can Washington Federal Capitalize on Higher Loan Demand? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 18, 10:40AM CDT
Going forward, Washington Federal's inorganic growth strategies, along with a persistent rise in loan demand, are expected to benefit its financials.
Stock Market News for September 18, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Thu Sep 18, 9:10AM CDT
Benchmarks eked out small gains on Wednesday following Fed’s decision to continue with low rates for a “considerable time”
Bank of America (BAC) Breaks Through Resistance at $16.91
Comtex SmarTrend(R) - Thu Sep 18, 8:58AM CDT
Shares of Bank of America (NYSE:BAC) opened today above their pivot of $16.79 and have already reached the first level of resistance at $16.91. Should the shares continue to rise, the resistance pivots of $17.04 and $17.29 will be of interest.
Huntington (HBAN) Buys 24 Branches in Michigan from BofA - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 5:30PM CDT
Columbus, OH-based Huntington Bancshares Incorporated (HBAN) completed the acquisition of 24 branches of Bank of America Corporation (BAC) in Michigan, which was announced earlier this year.
Holder calls for increased whistleblower rewards
By ERIC TUCKER - AP - Wed Sep 17, 4:32PM CDT
WASHINGTON (AP) — The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report crime.
Citi, BofA Plan Discount Mortgages for Tainted Borrowers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 3:40PM CDT
Citigroup (C) and Bank of America (BAC) will offer mortgage loans at a discounted rate to borrowers with blemished credit histories or low incomes, going by a Wall Street Journal report.
13 Major Global Banks Sued by Virginia for $1.15B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 2:46PM CDT
Issues pertaining to the pre-crisis business conducts continue to trouble major global banks. Units of Citigroup Inc. (C), Deutsche Bank AG (DB), Bank of America Corporation (BAC), The Goldman Sachs Group Inc. (GS), Credit Suisse AG (CS), HSBC Holdings plc (HSBC), Morgan Stanley (MS) and JPMorgan Chase & Co. (JPM) were among the 13 banks sued by the state of Virginia.
Why TheStreet Ratings Team Reiterates Bank of America (BAC) Stock as a 'Buy'
at The Street - Wed Sep 17, 10:40AM CDT
TheStreet Ratings team reiterates its 'buy' rating on Bank of America (BAC) with a ratings score of B.