Annaly Capital Management, Inc. (NYSE:NLY): Citigroup lowered their price target for real estate investment trust Annaly Capital Management, Inc. They have reaffirmed a Neutral rating for the company and have lowered their price target from $17 to $15. This price target suggests a slight decrease from the stock’s current price of $15.05.
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Bank of America Corp (NYSE:BAC): Bank of America Corp. felt some heat over their aborted $5 monthly debit card fee and their recent untenable requirements, since reversed, for customers in Sandy’s path to receive fee waivers. However, in a recent report issued by the research and consulting firm Celent, the bank received top scores for new customer assistance at branch locations as well as for being well-versed in the subtleties of mobile banking. In fact, Bank of America did so well that they earned the firm’s XCelent Service Award.
Citigroup Inc. (NYSE:C): According to Reuters, Citigroup Inc. and UBS (NYSE:UBS) have teamed up to offer settlement, clearing, asset servicing and custody capabilities to broker-dealers in the Asian-Pacific region.
Pfizer (NYSE:PFE): According to Wall Street analysts, as the world awaited results from the United States presidential election, Pfizer scored their own goal. They received the approval for Xeljanz, a pill that treats Rheumatoid Arthritis. Pfizer believes that this drug has the potential to generate a few billion dollars a year in revenue.