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TheStreet Open House

Citigroup, MetLife, Clearwire Are Market Movers

NEW YORK (AP) â¿¿ Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Citigroup Inc., down $1.24 at $35.21

The bank failed the Federal Reserve's stress test. The Fed said that Citigroup does not have enough capital to raise its dividend.

American Express Co., up $1.90 at $56.15

The New York-based credit card company said that it plans to raise its quarterly dividend to 20 cents per share from 18 cents.

MetLife Inc., down $2.30 at $37.16

The Federal Reserve said that the New York-based insurance company was one of four banks that failed its so-called stress test.

Cliffs Natural Resources Inc. Co., up $4.59 at $69.50

The Cleveland-based mining company said that it will more than double its quarterly dividend to 62.6 cents from 28 cents.

Nasdaq

Clearwire Corp., up 5 cents at $2.19

The wireless broadband network operator said it signed Cricket cell service parent Leap Wireless as a customer for its new network.

Francesca's Holdings Corp., up $2.51 at $29.29

The women's clothing chain said that profit in the fourth quarter nearly doubled and it issued a better-than-expected outlook.

Books-A-Million Inc., up 38 cents at $3.53

The book seller named a new CEO and said its fourth-quarter profit rose as it opened 41 new stores.

Pacific Sunwear of California Inc., down 47 cents at $2.04

The retailer of surf- and skate-inspired apparel said its fourth-quarter loss widened as it struggled to boost sales.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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