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Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year.
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Bank of America Corp. fell$. 07 or. 5 percent, to $13.44. Citigroup Inc. rose$. 06 or. 1 percent, to $51.66. Goldman Sachs rose $1.83 or 1.2 percent, to $160.73.
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Bank of America Corp. fell$. 05 or. 4 percent, to $13.46. Citigroup Inc. rose$. 22 or. 4 percent, to $51.82. Goldman Sachs rose $2.07 or 1.3 percent, to $160.97.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell. 9 percent to $4.07 with 23,047,800 shares traded. Bank of America Corp. fell. 4 percent to $13.46 with 65,492,500 shares traded.
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LONDON, May 21- Copper dipped on Tuesday after disappointing import numbers from top consumer China, but losses were capped by a protracted production outage in Indonesia. Copper has rebounded from 18- month lows hit earlier this month below $6,800 a tonne on growing confidence that the U.S. recovery is on track, but the metal is still down some 7 percent this year.
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Bank of America Corp. fell$. 06 or. 4 percent, to $13.45. Citigroup Inc. rose$. 30 or. 6 percent, to $51.90. Goldman Sachs rose $2.26 or 1.4 percent, to $161.16.
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LONDON, May 21- Copper rose on Tuesday as investors remained confident about the U.S. economic recovery and kept an eye on a protracted production outage in Indonesia, though gains were capped by disappointing import numbers from top consumer China.
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Bank of America Corp. rose$. 08 or. 6 percent, to $13.51. Citigroup Inc. rose$. 15 or. 3 percent, to $51.60. Goldman Sachs rose$. 72 or. 5 percent, to $158.90.
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As of this year, the U.S. Commodity Futures Trading Commission subjects companies trading more than $8 billion in swaps to tough oversight unless they do so to hedge price swings in their day-to-day business.
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NEW YORK, May 20- Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday, as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo.
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*Gold also shoots up from 1- month low and 7 days of losses. NEW YORK/ LONDON, May 20- Gold and silver prices gained about two percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver prices to their lowest in 2-1/ 2 years before an abrupt midday turnaround.
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DETROIT, May 20- The launch of General Motors Co's redesigned Chevrolet Silverado, the most important since the automaker's bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday.
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SANTIAGO, May 20- Banco de Chile, the country's leading lender, is tempering its enthusiasm for the small, export-dependent economy as it sees signs of a slowdown in demand for corporate and consumer loans, its chief executive said.
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Some Wall Street strategists say bank stocks will continue to outperform, given improving loan fundamentals, attractive valuations and rising dividends.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 2.3 percent to $4.17 with 18,890,700 shares traded. Bank of America Corp. rose. 9 percent to $13.56 with 53,010,700 shares traded.
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Bank of America Corp. rose$. 13 or. 9 percent, to $13.56. Citigroup Inc. rose$. 47 or. 9 percent, to $51.92. Goldman Sachs rose$. 94 or. 6 percent, to $159.12.
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MEXICO CITY, May 20- Mexico's banking reform will take two or three years to have an impact on credit and access to financial services, said the chairman of Mexico's largest locally-owned bank, Grupo Financiero Banorte.
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NEW YORK, May 20- Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank's mortgage business on Monday, as current CitiMortgage CEO Sanjiv Das plans to leave the bank to pursue other opportunities, according to an internal memo.
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Bank of America Corp. rose$. 03 or. 2 percent, to $13.46. Citigroup Inc. rose$. 02 or percent, to $51.47. Goldman Sachs fell$. 18 or. 1 percent, to $158.00.
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Bloomberg's scandal offers uncomfortable lessons in how we do business in a digital era. We're also more tolerant of leaving behind our electronic data, and not calling out missteps.
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*Ryanair jumps after forecast-beating results. LONDON, May 20- European shares set a new five-year high for a fourth straight session on Monday after positive indicators from the United States and Japan pointed to an improving global economic outlook.