Discover Financial, KeyCorp, AIG, Aetna, KeyCorp are among big market movers Tuesday

August 17th, 2009 Ahead of the Bell: AetnaNEW YORK — Health insurer Aetna Inc. will need two years to bring its profit margins back to their former levels, an Oppenheimer analyst said Monday in a note to client.

August 17th, 2009 Lowe's, CIT Group, Charles Schwab are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE: Rosetta Stone Inc., down $7.72 at $20.63 The language education company cut its profit forecast for the year citing higher costs and canceled an offering of 4 million shares. Lowe's Cos., down $2.36 at $20.47 Profit and sales both fell during the second quarter at the home improvement chain and it curtailed store expansion plans for 2010.

July 27th, 2009 Varian, Aetna, Plains Exploration are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: Verizon Communications, down 50 cents at $31 The telecom said it was cutting more than 8,000 wireline jobs to cut costs as its second-quarter profit narrowly beat analysts' estimates. Aetna Inc., down 72 cents at $25.72 An unexpectedly big jump in medical costs led the health insurer to cut its 2009 profit guidance for the second time since June.

July 22nd, 2009 KeyCorp reports narrower 2Q lossCLEVELAND — Banking company KeyCorp posted a narrower second-quarter loss on Wednesday but still missed Wall Street expectations as it continues to build up cash reserves to cover bad loans. The regional bank based in Cleveland said its loss attributable to common shareholders was $390 million, or 68 cents a share, in the April-June quarter.

July 15th, 2009 CIT, Discover Financial, Intel are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: Bank of America Corp., down 28 cents at $12.89 The bank reported better-than-expected second-quarter income, earning $2.42 billion even as losses from failed loans continued to rise. Citigroup Inc., down 1 cent at $3.02 Citigroup reporting a $3 billion profit on the sale of its Smith Barney unit and the increasing values of some of its riskier assets.

July 6th, 2009 Discover to sell $500M in common stock to publicRIVERWOODS, Ill. — Credit card company Discover says it will sell $500 million worth of common stock in a public offering, and use the proceeds for possible investments or to buy back preferred stock issued to the U.S.

June 22nd, 2009 Walgreen, Bank of America, Discover are big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: Walgreen Co., down $1.79 at $29.64 The drugstore operator's prescription sales were up, but higher discounting and administrative expenses ate into third-quarter profit. Bank of America Corp., down $1.28 at $11.94 The bank's shares sold off with broader markets after the World Bank cut its forecast for global economy activity to a 2.9 percent drop.

June 18th, 2009 SLM, Carnival, Discover, E-Trade are big moversNEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: SLM Corp., up 42 cents at $8.11 The Department of Education chose the country's biggest student lender as one of the servicers of its loans to college students. Carnival Corp., up $1.72 at $24.77 The cruise ship company cut its forecast because of rising fuel costs, but said booking volumes have picked up strongly for the year.

June 4th, 2009 SAIC, KeyCorp, Textron, UAL are big moversNEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Abercrombie & Fitch Co., down $3.75 at $27.95 The retailer's May same-store sales dropped 28 percent, a performance much worse than that of other big teenager-focused chains. Textron Inc., up 89 cents at $12.27 The manufacturer's Cessna division said it planned more layoffs on top of the 44-percent work force reductions it has already made.

June 2nd, 2009 Aetna cuts full-year profit forecastHARTFORD, Conn. — Managed-care company Aetna Inc.

June 2nd, 2009 KeyCorp raises $1 billion in new capitalCLEVELAND — Regional bank KeyCorp said Tuesday it raised $1 billion through an "at the market" stock offer as part of its plan to bridge a capital reserve gap the government said it would face if the economy worsens. The $1 billion was $250 million more than Key initially planned to raise through the "at the market" offer, which is when a firm sells shares of common stock at market prices in smaller batches over the course of a set period.

June 1st, 2009 Moody's cuts Discover Financial debt ratingNEW YORK — Moody's Investors Service on Monday cut its senior unsecured debt rating for Discover Financial Services into non-investment grade territory, citing risks the credit card company faces from the prolonged credit crunch and recession. The New York-based ratings agency also assigned a negative outlook to Discover Financial, signaling further downgrades are possible if business conditions worsen.

May 9th, 2009 "Stress tests": Ohio's KeyCorp needs $1.8BCLEVELAND — Results of the federal government's "stress tests" of the nation's largest regional banks show Cleveland-based KeyCorp needs to raise $1.8 billion in new capital to withstand losses if the recession gets worse. Cleveland-based KeyCorp said Thursday it wants to raise capital from private sources over the next six months.

May 8th, 2009 7 regional banks subjected to federal stress testsHere are details about the seven regional banks subjected to federal "stress tests" to see how they would fare if the recession worsened. Five of the seven — Regions Financial Corp., SunTrust Banks Inc., KeyCorp, Fifth Third Bancorp and PNC Financial Services Group Inc.

April 29th, 2009 Bank of America, Time Warner, Aetna big moversNEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Bank of America Corp., up 53 cents at $8.68 Chairman and CEO Ken Lewis defended acquisitions of Merrill Lynch & Co. and Countrywide Financial Corp.