How many Republican voters are here in the District? Romney wins GOP primaries in Maryland, D.C. By Michael O'Brien, msnbc.comFollow @mpoindc With the general election matchup against President Obama beginning to take shape, Mitt Romney won the Republican primaries in Maryland and Washington, D.C. on Tuesday.NBC News projected Romney would win the D.C. and Maryland primaries – the latter of which by a significant margin over his main rival, Rick Santorum.Justin Sullivan / Getty ImagesRepublican presidential candidate Mitt Romney attends a town hall style meeting April 2 in Milwaukee, Wis.The former Massachusetts governor had looked to move closer to putting the drawn-out Republican primary behind him, and beginning a new chapter – the general election campaign versus Obama.Polls were set to close at 9 p.m. ET in Wisconsin, the top prize in Tuesday’s slate of contests. Romney had battled fiercely in the state against Santorum, who needed a win there to keep his … [Read more...]
Citigroup, SunTrust, and Ally Bank fail Federal Reserve’s stress test criteria
Citigroup(C), SunTrust (STI), and Ally Bank did fail the minimum tier one capital ratios of 5% under the Federal Reserve Bank's Stress Tests. The projection was Citigroup to be a winner in the latest round of stress, but 19 institutions were subject to the Fed's Stress Test. Citigroup tier one capital ratio was calculated at 4.9% or under the minimum 5.0%. The capital ratios of all 19 institutions are included below with a link to the Federal Reserve's press release. Citigroup (C) stock was off almost 4% in after hours trading. Dow Jones 13,177.68 1.68% S&P 500 1,395.95 1.81% Financial 2.99% C 36.45 6.30% Citigroup Inc. (NYSE:C) 36.45 Citigroup Inc. (NYSE:C) +2.16 (6.30%) After Hours: 35.01 -1.44 (-3.95%) Mar 13, 5:36PM EDT NYSE real-time data - Disclaimer Currency in USD 1ST Number Minimum stressed ratios assuming no capital actions after Q1 … [Read more...]
EagleBank shares upgraded to “Outperform”
EagleBank is soaring above competitors in performance, and making moves locally to assert influence as the local bank on the rise. The $300 million strong bank out of Bethesda is gaining national attention in recent weeks for the bank's excellent performance. EagleBank was in the spotlight six weeks earlier as the termination of the merger agreement with Alliance Bank was announced. The undisclosed terms of non-agreement were not disclosed back in November, but three events in relation to EagleBank make deductive reasoning behind the decision to walk away from the Alliance Bank merger. Eagle Bank was featured as 1 of 3 bank stocks in America with a "big upside" on MSN Money. SmarTrend went public to investors in a recommendation of buying Eagle Bank stock, and SmarTrend did release an article on Tuesday to boast of EagleBank's(Eagle Bancorp: EGBN) 17.8% return to date from October's recommendation. The big news was the shares upgrade of Eagle Bank's(Eagle Bancorp: EGBN) from neutral … [Read more...]
