Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- Bestdamnpennystocks, 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:-
Exelon Corporation (NYSE:EXC) shares increased 1.36% to $30.61. Constellation, a business unit of Exelon, recently launched Constellation Rate Response, which provides new options for commercial and industrial (C&I) customers to lower their electricity supply costs by participating in load response programs.
Additionally, Sanford C. Bernstein reissued their market perform rating on shares of Exelon in a report released yesterday. Sanford C. Bernstein currently has a $36.00 target price on the stock.
Is EXC after A Solid Pop Up? Find Out Here
Banco Santander, S.A. (ADR) (NYSE:SAN) stock jumped 1.20% to $7.61. Reuters, on Feb. 13, reported that Banco Santander SA's British arm is under investigation for possible investment advice failures and could face a fine or license changes that prevent it from offering such services in future, four industry sources said. The FSA declined to name the lender and Santander UK declined to comment on whether it was being investigated. The financial regulator said the probe, which followed spot checks during a review of the quality of advice available at six banks and building societies, would only have been ordered if the Company in question had a history of poor advice.
Will SAN Continue To Trend Higher After The Recent Gain? Find Out Here
American International Group, Inc. (NYSE:AIG) stock gained 3.46% to $38.58 after the company yesterday said it swung to a net loss of $3.96 billion, or $2.68 per share, in the fourth quarter. In the same period a year ago, AIG posted net profit of $21.5 billion, or $11.31 per share. After-tax operating income in the 2012 fourth quarter was $290 million, or 20 cents per share, compared with $1.5 billion, or 77 cents per share, in the year-ago quarter. Net premiums written edged marginally lower to $7.8 billion from the same period a year ago.
Is AIG a Buy Opportunity After The Recent Slump? Find Out Here
Morgan Stanley (NYSE:MS) shares climbed 1.45% to $23.15 in the early hour. The company, this week, said it raised $4.5 billion of cash in its largest U.S. debt offering since April 2011 on Wednesday. The market had been anticipating a major deal from the investment bank since it posted fourth-quarter earnings in mid-January. With spreads in the Barclays index of financial-sector bonds declining Tuesday to 1.42 percentage points, the lowest since October 2007, it finally sensed an opportunity.
Is MS Still a Buy After The Recent momentum? Find Out Here
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