Lakeway, NY -- (SBWIRE) -- 03/08/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Regions Financial Corporation (NYSE:RF) stock gained 2.24% to $8.22 after thestreet reiterated their buy rating on shares of Regions Financial in a research note issued to investors last week.
Additionally, Regions Bank has named Anne Copeland head of Private Wealth Management, a division of the Regions Wealth Management Group. Copeland is responsible for leading Regions' efforts to provide banking, trust, and investment management services to affluent and high net worth individuals and families and oversees a team of more than 500 private wealth management associates.
Is RF a Strong Buy After The Recent Gain? Let’s Find out Here
Barclays PLC (ADR)(NYSE:BCS) shares increased 2.23% to $18.81.The company reported recently that it aims further extension in the Middle East and North Africa on increasing demand for wealth management and investment banking services.Further the company also included projections for buybacks through the stress tests scheduled for next March.
Additionally, the company is committed to its investment-banking business and sees opportunity in Africa, CEO Antony Jenkins told last week. Last month, Barclays announced it would cut at least 3,700 jobs in 2013 as part of a strategic overhaul and Jenkins said the majority of the job reductions have been made. Barclays expects this overhaul to boost its return on equity above its cost of capital by 2015.
Is BCS a Strong Buying Opportunity After The Recent Slump? Find out Here
InvenSense Inc (NYSE:INVN) shares increased 2.23% and closed at $11.48. The company, on Mar. 6, announced that it won its motion to stay the patent litigation action brought by ST Microelectronics (ST) (NYSE:STM) in the Northern District of California due to progress in separate proceedings with the United States Patent Office (USPTO) challenging the validity of all of ST's asserted patents. All of ST's claims asserted in this litigation initiated by ST are now subject to USPTO reexamination proceedings.
Should Investors Consider INVN After The Recent price Action? Get Free Trend Analysis Here
MetroPCS Communications Inc (NYSE:PCS) shares jumped 2.22% and closed at $10.59 in the last trading session. The company, on Mar. 5, announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the Company's proposed combination with T-Mobile USA, Inc., a wholly-owned subsidiary of Deutsche Telekom (XETRA: DTE; "Deutsche Telekom"), has expired. The proposed combination remains subject to MetroPCS stockholder approval, as well as certain other regulatory approvals and customary closing conditions. MetroPCS expects the proposed combination with T-Mobile to be completed shortly following the meeting of stockholders.
Should Investors Consider PCS After The Recent price Action? Get Free Trend Analysis Here
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