LocateStock.com Daily High Five For Tuesday July 22, 2008

Jersey City, NJ – July 22, 2008

The LocateStock.com HIGH FIVE for Tuesday, July 22^nd are:

                       
5 – Citigroup – NYSE:C

4 – Lehman Brothers – NYSE:LEH

3 – Freddie Mac – NYSE:FRE

2 – Bank of America – NYSE:BAC

1 – Fannie Mae – NYSE:FNM

 

Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.

 

* Citigroup on Monday declared a quarterly dividend on the company's common stock of 32 cents per share, payable on August 22, 2008, to stockholders of record on August 4, 2008. Shares of C rose 34 cents or 1.76% to $19.69 on the news.

 

Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.

* Shares of investment banks mostly fell Monday afternoon despite improved activity in the mergers and acquisitions market over the past week. Lehman was one of those banks, falling 79 cents or 4.13% to $18.31. The stock rallied 54% last week.

Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases single-family and multi-family residential mortgages, and mortgage-related securities from lenders in the primary mortgage market that originate mortgages for homebuyers, including mortgage banking companies, commercial banks, savings banks, community banks, credit unions, state and local housing finance agencies, and savings and loan associations.

* Freddie Mac began the week off in the red on Monday after a Wall Street Journal report said that the company is considering raising capital by selling as much as $10 billion in new shares to investors. Freddie's move reportedly has the potential to head off the need for a government rescue for the government-sponsored entity. The stock lost 43 cents or 4.68% to $8.75 on Monday after last week's 30% rally.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America has become the latest in a string of big banks whose second-quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations. The nation's second-largest bank by assets said Monday its profit fell 41% as losses in its struggling mortgage operations were offset by business in other parts of the company. Shares of BAC rose $1.07 or 3.89% to $28.56 on the news.

 

Fannie Mae (NYSE:FNM) provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. It operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.

 

* Shares of Fannie rose on Monday, the first day that the SEC's emergency order on preventing the naked short selling of shares took effect. Fannie added 73 cents or 5.45% to $14.13 on Monday after closing last week higher by 38%.

 

The daily HIGH FIVE stocks are determined by the company's proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest­ stocks to short that day.

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For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

 

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SOURCE:        Locate Stock, LLC