Lights bright on Broadway, C, BAC among volume leaders, CELH cools off

Broadway Financial Corporation (NasdaqCM: BYFC) enjoyed a banner morning Thursday, opening 29.57 percent higher in price to $2.41. Opening volume may have been a scant 7,175 shares, but still twice its average for the whole day. The bank’s parent, Broadway Federal Bank, f.s.b., founded in 1946, is the leading community-oriented savings bank in Southern California serving low to moderate income communities.

Citigroup Inc. (NYSE:C) was among the volume leaders in the early going of Thursday’s session, trading in 85,696,412 shares. Daily average in the banking conglomerate is 471,294,000 shares. Prices for Citigroup, however, slid 1.13 percent to $4.37. The company announced Thursday morning that it had sold a $1.4-billion portfolio of multifamily and commercial real estate loans to OneWest Bank on Thursday, as the larger bank continued to shed assets it considers unrelated to its main banking businesses.

Bank of America Corporation (NYSE:BAC) saw its shares fly thick and fast in Thursday’s session, trading in 39,796,719 shares, a large fraction of its daily average of 195,038,000. BAC shares decreased in price, though, 1.75 percent to $12.35, after announcing that it had sold most of its stake in BlackRock, the world’s largest money manager. BAC sold 43.6 million shares for $163 per share, putting a $7-billion value on the deal.

Celsius Holdings Inc. (NasdaqCM: CELH) saw its shares dip in price 30.66 percent in early Thursday trading to 95 cents. Volume was 189,585 shares, trampling its daily average of 24,289. CELH Wednesday announced revenue for the quarter totaled $1.8 million as compared to $1.3 million for the same quarter in 2009, an increase of 32%. The Company recorded a net loss of $5.0 million for the 2010 quarter as compared to $2.7 million for the same period last year.

Tags: bac, BYFC, C, CELH, Financial Stocks, nasdaq, NYSE

This entry was posted on Thursday, November 11th, 2010 at 11:11 am by Glenn and is filed under Financial Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.