Citigroup Inc. (NYSE:C) added
1.46% to $4.17 on about 279.14 million shares. Goldman Sachs added Citigroup to their Conviction Buy List with a
$5.50 price target, representing 35% upside.
Last
week, the company announced that it has declared dividends on preferred stock
as follows: .5% Non-Cumulative Convertible Preferred Stock, Series T, payable
November 15, 2010, to holders of record on November 5, 2010.
The
stock went up more than 25% year-to-date.
Assured Guaranty Ltd. (NYSE:AGO) plunged
8.79% to $19.41 on unusual volumes. Standard & Poor's Ratings Services
stripped the company of its AAA rating on Monday, assigning the bond insurer an
AA-plus rating.
The
stock opened at $21.54 and is trading within the range of $19.20-$21.76.
Bank of America Corporation (NYSE:BAC) slid
0.74% to $11.35. Last week, the company posted a third-quarter net loss of $7.3
billion, or 77 cents a share, compared to a net loss of $1 billion, or 26 cents
a share, in the same period last year.
Excluding
a goodwill impairment charge of $10.4 billion, the banking giant said it earned
$3.1 billion or 27 cents a share in the quarter.
A
survey of analysts by FactSet Research had produced a consensus forecast for earnings
of 18 cents a share.
Over
the past 52-week, the stock traded within the range of $11.17-$19.86. The stock
went down more than 24% year-to-date.
U.S. Bancorp (NYSE:USB) added
0.34% to $23.67. Last week, the company reported third-quarter net income
advanced 49% on 7.9% higher net revenue. Earnings attributable to common-share
holders reached $871 million, or 45 cents a share, from $583 million, or 30
cents, in the year-earlier quarter.
The
net interest margin widened to 3.91% from 3.67% a year earlier.
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