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NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by RothmanResearch.com.

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Five Year Agreement Spans Across North America

US Bancorp (NYSE: USB) closed yesterday at $23.64. So far the stock has hit a 52-week low of $8.06 and 52-week high of $29.90. US Bancorp stock has been showing support around 22.81 and resistance in the 24.09 range. Technical indicators for the stock are Bullish and S&P gives USB a neutral 3 STAR (out of 5) ho...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

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Precedent sets the record straight on mean and price reversion.

After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The [...]

(JPM) Treasury to Auction TARP Warrants

After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program. 

The three banks, whose warrants will be sold via auctions over the next month, are JPMorgan Chase (JPM), Capital One Financial (COF) and TCF Financial Corporation (TCB). These three banks, that received a total of $28.9 billion from the TARP, have fully repurchased Treasury's preferred stock investment. The current move to sell their warrants will completely free these banks from government intervention. 

The government still holds warrants of 261 banks, out of which only 15 have paid back the bailout money but not repurchased their warrants yet. Many other financial institutions that have already repaid bailout money include American Express (AXP), Goldman Sachs (GS), Morgan Stanley (MS), BB&T Corporation (BBT) and US Bancorp (USB). Also, banks like Bank of America (BAC), Wells Fargo (WFC) and Citigroup (C) are expected to exit TARP over the next 12 to 18 months. 

Treasury will sell the warrants through a modified Dutch auction. According to the format, the three banks will be able to bid for the warrants themselves. However, the price at which banks could buy back the warrants became a contentious issue as banks started repaying their bailouts. 

We think that the repayment of government money and repurchase of warrants can be viewed as a sign of recovery of the institutions as well as the economy. Also, the full repayment of government money by the bailed-out firms will help protect their executive compensation packages.
Read the full analyst report on "JPM"
Read the full analyst report on "COF"
Read the full analyst report on "TCB"
Read the full analyst report on "AXP"
Read the full analyst report on "GS"
Read the full analyst report on "MS"
Read the full analyst report on "BBT"
Read the full analyst report on "USB"
Read the full analyst report on "BAC"
Read the full analyst report on "WFC"
Read the full analyst report on "C"
Zacks Investment Research

After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program.[More...]

Dividend expert Josh Peters provides more of his best ideas.[More...]

JPMorgan Chase & Company (JPM) is in discussions to take full control of its U.K. joint-venture partner, Cazenove Group, for about £1 billion ($1.7 billion). JPMorgan entered into a partnership with Cazenove five years ago. At that time, JPMorgan paid about £100 million for a 50% ownership in Cazenove. Now, JPMorgan intends to buy the remaining 50% [...]

(JPM) JPMorgan Chase to Buy Rest of Cazenove Group

This is the next installment in our series about Expert Advice from the United Soybean Board. While attending the National Association of Farm Broadcasting Convention I spoke with USB Treasurer Marc Curtis who farms in Mississippi. Marc serves on the USB Production Committee so he’s especially happy that the organization can offer Expert [...]

Welcome new AgWired sponsor, United Soybean Board. Over the coming weeks we’re going to learn more about their Expert Advice website module. You should check it out. The website contains a commenting section so please feel free to post your feedback and questions. “Expert Advice” is a new addition to the official [...]

The United Soybean Board (USB) and soybean checkoff, through USB’s Biotechnology Initiative, announced a $500,000 investment in the World Food Prize Hall of Laureates in Des Moines, Iowa. This investment will be used to help create a kiosk in the new educational wing at the Hall of Laureates that will help educate the public on [...]

Last year, the United Soybean Board wanted soybean farmers to learn more about how their checkoff program was helping their bottom line. Thus, the See For Yourself program was created. After a successful first year, the program was continued, and this year, 10 soybean farmers representing eight states, went on a trip to see how [...]

What do you think of when you hear that there’s a sled running on biodiesel? Probably not thinking tractor pull sled are you? Unless you’re a tractor pull fan. Well those big machines that the tractors and trucks pull are also diesel powered and in Jefferson City, MO there’s a company that [...]