Tag Archives: Citigroup

Does Disney have its eye on Scripps Networks?

With its stock price rising and earnings soaring, Scripps Networks Interactive Inc. may be a
scripps2_asb_13138.jpgtakeover target, according to online reports.

The Knoxville-based company’s stock price pushed to a new 52-week high on Monday, hitting a peak of $61.17. The company’s stock started the year around $43. That kind of gain coupled with second quarter earnings of $142 million, or 93 cents per share, are reasons takeover talk is bubbling this week.

Citigroup analysts say Disney may have its eye on the lifestyle media company and its audience, according to TheStreet, a digital financial media company.

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Banks are lending again — finally

After keeping the vault door closed tight for the last several years, banks are finally loaning money again.

PAULSON+MONEY.jpg“With most major banks done reporting fourth-quarter earnings, one trend is clear: For the first time in a while, loan growth is back,” according to a Motley Fool report.

JPMorgan Chase, Citigroup, Wells Fargo, US Bancorp, SunTrust and other banks all report an increase in loan totals.

“A lot of these banks had been paring back on loans for the better part of three years. Not only has that trend turned around, but it’s happened quickly,” Motley Fool says.

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