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Article: FirstAlert[tm] 5/12: Taking Dilution To The Bank.
- Article from:
- Investrend
- Article date:
- May 12, 2009
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May 12, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/05/12/firstalerttm-512-taking-dilution-to-the-bank/)
May 12, 2009 (FinancialWire) (By Philip Holmes) -- Stocks ended down on Monday as it dawned on investors that we may not, in fact, be turning the corner and entering another post-oil-shock bull market cycle. Maybe it was the banks reminding them: some big ones, including US Bancorp (NYSE: USB) and BB&T Corp. (NYSE: BBT), said they were planning large stock offerings to raise enough money to get Uncle Sugar off their backs.
The Dow Jones industrial average closed at 8,418.77, down 155.88 points, ...