Market News

Bruno Iksil, the former trader known as the "London whale," is unlikely to face charges related to bets that backfired into losses of more than $6 billion for J.P. Morgan.

The banking industry earned record profits in the first three months of 2012 but banks are still cutting th0usands of jobs. What gives?

On 8/13/13, UMH Properties Inc's 8.25% Series A Cumulative Redeemable Preferred Stock (NYSE: UMH.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 9/16/13. As a percentage of UMH.PRA's recent...

On 8/13/13, Tortoise Energy Capital Fund's 3.95% Series C Mandatory Redeemable Preferred Shares (NYSE: TYY.PRC) will trade ex-dividend, for its monthly dividend of $0.0329, payable on 9/3/13. As a percentage of TYY.PRC's...

On 8/13/13, TCF Financial Corp.'s 6.45% Series B Non-Cumulative Perpetual Preferred Stock (NYSE: TCB.PRC) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 9/3/13. As a percentage of TCB.PRC's rec...

On 8/13/13, Sabra Health Care REIT Inc's 7.125% Series A Cumulative Redeemable Preferred Stock (NASD: SBRAP) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 8/30/13. As a percentage of SBRAP's r...

On 8/13/13, Banco Santander SA's 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities (NYSE: SAN.PRI) will trade ex-dividend, for its quarterly dividend of $0.4006, payable on 9/11/13. As a percentage of SAN.PRI...

On 8/13/13, OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (NYSE: OFG.PRA) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 9/3/13. As a percentage of OFG.PRA's recent...

On 8/13/13, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock (AMEX: MHR.PRC) will trade ex-dividend, for its monthly dividend of $0.2135, payable on 9/3/13. As a percentage of MHR.PRC's...

In trading on Friday, shares of Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock (NYSE: INN.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.3125), ...

On 8/13/13, Kayne Anderson MLP Investment Company's 4.25% Series E Mandatory Redeemable Preferred Shares (NYSE: KYN.PRE) will trade ex-dividend, for its monthly dividend of $0.0885, payable on 9/3/13. As a percentage of ...

On 8/13/13, Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share (NYSE: DRE.PRK) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 8/30/13. As a percentage of DRE.PRK's recent s...

On 8/13/13, Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 1 (NYSE: BML.PRG) will trade ex-dividend, for its quarterly dividend of $0.1875, payable on 8/28/13. As a percentage of BML.PRG's r...

Hedge fund manager Bill Ackman, in his crusade to fix JC Penney, is starting to sound like Lewis Carroll's Red Queen, with her constant cries of "Off with his head!"

(Kitco News) - Following a solid rally and move over $1,300 an ounce, gold prices are expected to continue to press at least slightly higher next week, said a majority of participants in the Kitco News weekly gold survey...

China factory output eases concerns over growth outlook; Wall Street slips as investors pull back from records

Looking back to 135 days ago, Dollar General Corp (NYSE: DG) priced a 30,000,000 share secondary stock offering at $50.75 per share. Buyers in that offering made a considerable investment into the company, expecting that...

Analysts foresee JDS Uniphase announcing decreased profits on Tuesday, August 13, 2013, when it reports its fourth quarter earnings. Despite this, they are generally optimistic about the stock with a current quarter esti...

Analysts expect Sina to have an unfavorable quarter and swing to a loss when it reports its second quarter earnings on Monday, August 12, 2013. They are expecting Sina to come in at a loss of one cents per share, a rever...

Analysts expect higher profit for Cree when the company reports its fourth quarter results on Tuesday, August 13, 2013. The consensus estimate is calling for profit of 30 cents a share, reflecting a rise from 16 cents pe...

Shareholders of FirstMerit Corp (NASD: FMER) looking to boost their income beyond the stock's 2.9% annualized dividend yield can sell the September covered call at the $22.50 strike and collect the premium based on the 4...

Shareholders of OFG Bancorp (NYSE: OFG) looking to boost their income beyond the stock's 1.3% annualized dividend yield can sell the November covered call at the $20 strike and collect the premium based on the 35 cents b...