NEW YORK-- Citigroup Inc. said Tuesday that its Brazil unit has agreed to sell Credicard, its non-banking credit card and consumer finance business, to lender Banco Itau Unibanco.
Bank of America Corp. rose$. 36 or 2.8 percent, to $13.34. Citigroup Inc. rose $1.17 or 2.4 percent, to $50.09. JPMorgan Chase rose$. 56 or 1.1 percent, to $50.23.
*Bank of America helps lead Dow higher. NEW YORK, May 14- U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further. Bank of America, up 2.8 percent at $13.34, was the Dow's biggest percentage gainer, while Citigroup Inc rose 2.4 percent to $50.09.
In a May 14 letter to the heads of the Federal Reserve, the Securities and Exchange Commission and the Justice Department, Massachusetts Democratic Senator Elizabeth Warren asks the agencies to provide her with details of how they weigh the costs and benefits of settling versus trying cases.
TOKYO, May 15- A three-day rout in the bond market has raised concerns that the Bank of Japan is getting more than it bargained for, by prodding investors to shift money out of the safety of government bonds faster than the government expected.
NEW YORK-- SodaStream shares jumped to their highest price since the summer of 2011 Tuesday, boosted by investor optimism coming out of the company's investor meeting. THE SPARK: SodaStream International Ltd. told investors Monday that it hopes that its annual revenue will reach the $1 billion mark by fiscal 2016..
A Citi analyst has taken Wal-Mart Stores Inc.' s stock off her top-pick list just ahead of the retailer's quarterly earnings report on Thursday. THE OPINION: Analyst Deborah Weinswig said in a research note late Monday that she is removing Wal-Mart her firm's top-picks list on concerns about some near-term pressures on the world's biggest retailer.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 2.9 percent to $4.29 with 35,500,000 shares traded. Bank of America Corp. rose 2.7 percent to $13.34 with 87,240,100 shares traded.
Bank of America Corp. rose$. 36 or 2.7 percent, to $13.34. Citigroup Inc. rose $1.05 or 2.1 percent, to $49.97. JPMorgan Chase rose$. 47 or. 9 percent, to $50.14.
In a May 14 letter to the heads of the Federal Reserve, the Securities and Exchange Commission and the Justice Department, Massachusetts Democratic Senator Elizabeth Warren asks the agencies to provide her with details of how they weigh the costs and benefits of settling versus trying cases.
*Tesla Motors extends gains on raised sales outlook. Large-cap banks were among the day's biggest advancers, with Bank of America up 2.3 percent to $13.27 and Citigroup Inc up 2.1 percent to $49.97. Goldman Sachs advanced 2.9 percent to $153.97.
NEW YORK, May 14- U.S. stocks extended gains in late-morning trading on Tuesday, led by gains in banks, including Bank of America and Citigroup. Both the Dow and S&P 500 set intraday record highs. The Nasdaq Composite Index was up 26.08 points, or 0.76 percent, at 3,464.87.
Bank of America Corp. rose$. 24 or 1.8 percent, to $13.22. Citigroup Inc. rose$. 82 or 1.7 percent, to $49.74. US Bank rose$. 19 or. 6 percent, to $33.69.
Shares of Allscripts Healthcare have room for growth as the company develops its population health management business, according to a Citi, which raised its rating on the stock Tuesday. Analyst George Hill also raised his price target to $18 from $12.50.
*Defensive stocks unusually leading Europe stock rally. LONDON, May 14- Defensive stocks such as healthcare companies, which often bring up the rear when markets rise, have led the gainers in 2013 as European bourses hit their highest in years, suggesting investors don't think the good times will roll for long.
Shares in Severn Trent, which is being advised by Rothschild and Citi, were the top gainers on Britain's benchmark FTSE 100 index, rising as much as 18.9 percent to an all-time high of 2,170 pence at one stage. Britain's other two remaining listed water companies Pennon Group and United Utilities also rose by 4.3 percent and 4.1 percent.
TOKYO, May 14- Japanese government bond prices sold off for a third straight session on Tuesday and the benchmark yield hit a nine-month high, though a late downturn in shares pulled yields off their intraday highs.