NYSE Financial Sector Noticeable Corrections: Allied Irish Banks plc, NYSE:AIB, Mesabi Trust, NYSE:MSB, Bank Atlantic Bancorp Inc, NYSE:BBX
Allied Irish Banks, plc. (ADR) (NYSE:AIB)
About Allied Irish Banks, plc Allied Irish Banks, p.l.c., together with its subsidiaries (collectively referred to as the AIB Group or the Group), conducts retail and commercial banking business in Ireland. It also provides corporate lending and capital markets activities from its head office at Bankcentre and from Dublin’s International Financial Services Centre. The Group also has overseas branches in the United States, Germany, France and Australia, among other locations. The business of AIB Group is conducted through four operating divisions: AIB Bank Republic of Ireland division, Capital Markets division, AIB Bank UK division, and Central & Eastern Europe division. In November 2010, the Company completed the disposal of M&T Bank Corporation.
Statistics Symbol
AIB
Beta:
2.76
Current Price
$0.96
Market Capitalization:
613.82m
52 week range
$0.76 - $4.95
Shares Outstanding
539.30m
Avg Volume
12.42M
Float:
538.54m
Financials As per its last financial statements ending on June 30 th, 2010 Allied Irish Banks, plc (NYSE:AIB) reported the net loss of $1.76 billion for the quarter. This resulted into loss of $1.89 per share for the respective quarter. The company’s total assets accumulate up to $169.19 billion according to its balance sheet as on June 30th, 2010. The company maintains a strong capital structure with total liabilities of $160.36 billion as compared to the total equity of $169.19 billion as on June 30th, 2010.
Mesabi Trust (NYSE:MSB)
About Mesabi Trust (NYSE:MSB) Mesabi Trust (the Trust) conserves and protects the Trust Estate, and collects and distributes the income and proceeds there from to the Trust’s certificate holders. The principal assets of Mesabi Trust consist of two different interests in certain properties in the Mesabi Iron Range: Mesabi Trust’s interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease, which together cover properties aggregating approximately 9,750 largely contiguous acres in St. Louis County, Minnesota (the Peters Lease Lands and the Cloquet Lease Lands, respectively), and Mesabi Trust’s ownership of the entire beneficial interest in the Mesabi Land Trust, which has a 20% interest as fee owner in the Peters Lease Lands and a 100% fee ownership in certain non-mineral-bearing lands adjacent to
the Peters and Cloquet Lease Lands (the Mesabi Lease Lands, together with the Peters Lease Lands and the Cloquet Lease Lands, the Trust Estate).
Statistics Symbol
MSB
EPS:
2.57
Current Price
$41.27
Market Capitalization:
541.46M
52 week range
$12.20 - $57.94
Beta
1.72
Avg Volume
469,241.00
P/E (ttm)
16.07
Financials Mesabi Trust (NYSE:MSB) generated the total revenue of $11.57 million for the quarter ended October 31st, 2010 as compared to revenue of $5.04 million for the same period last year. The company stood in high profitability with net profit of $11.40 million resulting in diluted earnings of $0.87 per share. The company stood announced the total dividend of $0.91 for the respective quarter. The company’s total assets accumulated to $16.25 million according to its balance sheet as on October 31st, 2010. The company maintains a strong short term liquidity position with current ratio of 1.35 times depicting that current assets are maintained 1.35 times more than the current assets.
BankAtlantic Bancorp, Inc. (NYSE:BBX)
About BankAtlantic Bancorp, Inc. BankAtlantic Bancorp, Inc. is a bank holding company. BankAtlantic provides a range of products and services encompassing retail and business banking. The Company reports its operations through two segments: BankAtlantic and BankAtlantic Bancorp, (the Parent Company). BankAtlantic is a federally-chartered, federally-insured savings bank. It provides traditional retail banking services and a range of business banking products and related financial services through a network of 100 branches or stores in southeast Florida and the Tampa Bay area in the metropolitan areas surrounding the cities of Miami, Ft. Lauderdale, West Palm Beach and Tampa, which are located in the heavily-populated Florida counties of MiamiDade, Broward, Palm Beach, Hillsborough and Pinellas.
Statistics Symbol
BBX
Beta:
2.31
Current Price
$1.16
Market Capitalization:
74.46m
52 week range
$0.60 - $3.28
Shares Outstanding
64.18m
Avg Volume
1.16m
Float:
29.39m
Financials The company generated the total revenue of $54.99 million resulting in to revenue of $1.05 per share for the last reported quarter. BankAtlantic Bancorp, Inc. (NYSE:BBX) reported the net loss of $25.18 million as per its last financial statements for the quarter ended September 30th, 2010. This resulted in to loss of $0.42 per share for the respective quarter. Total assets accumulate up to $4.52 billion accordion to BBX balance sheet as on September 30th, 2010. The company total liabilities stand at $4.64 billion whereas total equity accumulates up to $63.66 million.
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