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SLM Corporation (NASDAQ:SLM): FBR Capital believes SLM Corp.’s Q4 results show the company is executing on its operating strategy. The firm views SLM’s guidance for FY12 as conservative and keeps an Outperform rating on the stock with a $21 price target.
The shares closed at $14.55, up $1.45, or 11.07%, on the day. Its market capitalization is $7.40 billion.
Bank of America Corp (NYSE:BAC): A $25B settlement between five major banks — JP Morgan (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citibank (NYSE:C) and Ally Financial — and all 50 U.S. states over deceptive foreclosure practices during the housing crisis is “very close,” the Associated Press reports, citing comments from Housing and Urban Development Secretary Shaun Donovan. Two officials briefed on internal discussions also say a potential deal could be announced “within weeks”.
The shares closed at $6.96, up $0.16, or 2.35%, on the day. Its market capitalization is $70.55 billion.
JPMorgan Chase & Co. (NYSE:JPM): MF Global (MFGLQ) executives thought JPMorgan Chase (NYSE:JPM), one of its primary bankers and a middleman moving their cash, was slow in forwarding funds, contributing to their cash shortage, reports Reuters. By sticking to procedure without cutting MF Global any slack, these people say, JPMorgan was able to slow the delivery of funds, worsening MF Global’s situtaion. Therefore, they add, hundreds of millions of dollars of MF Global money may be still stuck in accounts at JPMorgan.
The shares closed at $36.93, up $0.39, or 1.07%, on the day. Its market capitalization is $139.33 billion.
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