4 Financial Stock Stories Not To Be Missed

Bank of America Corporation (NYSE:BAC): Current price $11.74

Chief Executive Brian T. Moynihan has called over 100 of his regional heads to a private meeting Wednesday where they will be admonished to boost the lender’s slumping revenue, according to two knowledgeable sources, who also said that managers at the two-day event in Chicago will be appraised as to the amount progress they have made in helping to sell more products to the 53 million customers of the number-two domestic lender.

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BAC

Toronto-Dominion Bank (NYSE:TD): Current price $82.18

On Wednesday, TD Bank Group President and Chief Executive Ed Clark announced that he will retire as CEO effective November 1, 2014 at age 67, following 12 years of service in that position. He will remain a director until TD’s 2015 Annual Meeting. According to the Group’s succession plan, the board said that Bharat Masrani will become chief operating officer, TD Bank Group reporting to Clark effective July 1, 2013.

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TD

ING Groep (NYSE:ING): Current price $7.10

The Edmonton Journal reports that hundreds of customers at ING’s Dutch arm are complaining on  social media their bank accounts are abruptly showing incorrect amounts. On Wednesday, phone lines at the firm’s press office were jammed, but through its official Dutch Twitter account, ING responded to a steady stream of user messages, saying that accounts are actually showing correct amounts. However, transfers in and out of accounts are seeing delays. The firm has said that ”ING is doing everything it can to resolve this as soon as possible.”

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ING

NorthStar Realty Finance Corp. (NYSE:NRF): Current price $9.26

NorthStar announced Wednesday that it has begun an underwritten public offering of its new Series D Preferred Stock. the firm will also grant the underwriters a 30-day option to buy additional shares solely to cover any over-allotments. Citigroup and UBS Investment Bank are acting as the joint book-running managers of the offering.

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NRF

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