Most Active NYSE Stock Movers (BAC, S, C)

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Bank of America Corporation (NYSE:BAC) is down 1.60% to $15.38 on 13.64 million shares after Dow Jones reported that Bank of America Corporation sent the Treasury Department $45 billion to repay the government's infusion of cash last year under the Troubled Asset Relief Program. The repayment came after the Company completed a securities offering that raised gross proceeds of about $19.29 billion. That money and other corporate funds were used to repurchase all the preferred stock issued to the Treasury. Bank of America also paid the government $190 million in accrued dividends.

Sprint Nextel Corporation (NYSE:S) declines 1% to $3.96 on 1.71 million shares after the company on 9, December, 2009 was upgraded from Hold to Buy by Citigroup. Sprint Nextel Corporation is a holding company that offers a range of wireless and wire line communications products and services for individual consumers, businesses and government customers. The Company conducts its operations through two segments: Wireless and Wireline.

CITIGROUP INC(NYSE:C) declines 1.49% to $3.64 on 139.45 million shares after the company announced that it has reached an agreement with the U.S. government and its regulators to repay U.S. taxpayers for the $20 billion the government holds in TARP trust preferred securities and to terminate the loss-sharing agreement with the government. Citi will immediately issue $20.5 billion of capital and debt, comprised of; $17 billion of common stock, with an over-allotment option of $2.55 billion; and $3.5 billion of tangible equity units (consisting of approximately $2.8 billion of prepaid common stock purchase contracts (recorded as equity) and approximately $0.7 billion of subordinated notes (recorded as debt).

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