-
Blackstone Enters The Fray For Extended Stay (BX)
Wednesday, April 21, 2010 - 5:42pm | 128Private equity firm Blackstone (NYSE: BX) has joined the race for Extended Stay. Blackstone has collaborated with one of the groups bidding for the U.S. hotel chain. According to Reuters, Blackstone (BX) joined the team led by investment companies Centerbridge Partners and Paulson & Co. The...
-
Market Roundup (ZLC, AAPL, C, GS, AMR, BX)
Wednesday, April 21, 2010 - 3:27pm | 333Sources have stated that Citigroup (NYSE: C) is set to take advantage of "pent-up demand" by selling securities backed by 255 new mortgages, marking the first such sale in two years. The ratio of the original value of the mortgages to property value is 60.4%. Blackstone (NYSE: BX) is said to be...
-
RBC Capital Markets Upgrades Bank Of New York Mellon Corporation (BK) To Outperform Rating
Wednesday, April 21, 2010 - 9:56am | 96Analysts Gerard Cassidy and Jake Civiello at RBC Capital Markets have upgraded Bank of New York Mellon Corporation (NYSE: BK) from Sector Perform to Outperform rating. The rating has been revised to reflect the bank’s well-positioned balance sheet. The bank reported its first-quarter results on...
-
Top 5 Mid-Cap Stocks In The Financial Sector With The Highest ROE (EV, ADS, FII, GHL, WDR)
Wednesday, April 21, 2010 - 9:40am | 142Below are the top 5 mid-Cap financial stocks in terms of ROE. Eaton Vance Corporation (NYSE: EV) has a ROE of 49.93%. EV's quarterly earnings growth is 87.20% year-on-year. Alliance Data Systems Corporation (NYSE: ADS) has a ROE of 43.10%. ADS has a PEG ratio of 0.79. Federated Investors, Inc (NYSE...
-
Janney Prefers NTRS Based On Growth Within Assets Under Custody And Management
Tuesday, April 20, 2010 - 3:40pm | 148According to Janney Capital Markets, all three custody banks, Bank of New York (NYSE: BK), State Street Corporation (NYSE: STI) and Northern Trust Corp (NASDAQ: NTRS), reported their Q1 results and missed expectations on an operating basis. The reason for the miss was “continued headwinds from low...
-
Bank of New York Mellon Corp. (BK) Reports $601 Million In First-Quarter Profit
Tuesday, April 20, 2010 - 1:55pm | 113Bank of New York Mellon Corp. (NYSE: BK), a financial services provider, has reported first-quarter results today. The financial services provider reported a profit of $601 million or 49 cents per share in the first-quarter, compared to $363 million or 31 cents a share it reported for the same...
-
Top Stocks of Massachusetts
Tuesday, April 20, 2010 - 1:04pm | 854Massachusetts is the third most densely populated state with a per capita personal income that is the third highest in the country. The state economy is diversified and encompasses the financial, higher education, and high tech industries. Some interesting facts about Massachusetts follow: 1....
-
Northern Trust Misses Estimates (NTRS)
Tuesday, April 20, 2010 - 11:46am | 104Northern Trust Co. (NASDAQ: NTRS) reported their quarterly earnings numbers prior to the opening bell today, missing Wall Street estimates. The Chicago based company's net income increased to $157.2 million or $0.64 per share versus $138.8 million or $0.61 per share in last year's corresponding...
-
State Street Corp. (STT) Shares Fall Nearly 5%
Tuesday, April 20, 2010 - 10:29am | 108Shares of State Street Corp. (NYSE: STT) were down nearly 5% to $44.95 as of 10:27 AM after the bank released financial results. State Street Corp. reported that its first quarter net profit rose to $495 million, up from $476 million a year earlier. Earnings per share were down to 99 cents, from $1...
-
Bank of New York Mellon (BK) Profits Up 74%
Tuesday, April 20, 2010 - 10:08am | 111The Bank of New York Mellon Corporation (NYSE: BK) saw its shares fall in morning trading even though it announced that 1st quarter profits climbed 74%. The Bank of New York Mellon reported that its 1st quarter net income rose to $559 million, or 46 cents per share, up from $322 million, or 28...
-
Stock Market News for April 20, 2010 - Market News
Tuesday, April 20, 2010 - 9:45am | 555Easing worries about Goldman and strong profit numbers from Citigroup helped lift financial shares and the broader market even as speculation about possible changes to financial-industry regulations hovered over Wall Street. Stocks seesawed through afternoon as traders came to terms with the...
-
Company News for April 20, 2010 - Corporate Summary
Tuesday, April 20, 2010 - 9:45am | 287• IBM (NYSE:IBM) posted first quarter earnings of $1.97 versus $1.70 a year earlier on a 5% revenue increase to $22.9 billion, beating Zacks EPS estimates of $1.94 and revenue projections of $22.8 billion. The firm also raised its full year guidance to at least $11.20 for the year, compared with...
-
US Stock Futures Rise Marginally Even As GS Is Hit By A Fresh Investigation
Tuesday, April 20, 2010 - 8:46am | 356US stock market futures moved up slightly today, even as nervous investors absorbed reports of a fresh investigation into Goldman Sachs (NYSE: GS) just ahead of the results. While futures for the Dow Jones Industrial Average gained 11 points to 11055, those for the S&P 500 added 1.4 points to...
-
Top 5 NASDAQ Stocks In The Financial Sector With Highest ROE (LPHI, FFBC, DHIL, FUND, GLRE)
Tuesday, April 20, 2010 - 7:18am | 168Below are the top 5 financial stocks in the NASDAQ in terms of return on equity. The return on equity for Life Partners Holdings, Inc (NASDAQ: LPHI) is 54.89%. The trailing-twelve-month operating margins for LPHI are 39.82%. The return on equity for First Financial Bancorp (NASDAQ: FFBC) is 48.18...
-
Top 5 NASDAQ Stocks In The Financial Sector With Highest Cash (NTRS, IBKR, AMTD, ETFC, PNSN)
Tuesday, April 20, 2010 - 7:03am | 198Below are the top 5 financial stocks in the NASDAQ in terms of cash. Northern Trust Corporation (NASDAQ: NTRS) had $30.63 billion in cash in the latest quarter. NTRS’ shares have risen by only 0.38% over the past 52 weeks, as compared to a 43.87% increase in the S&P 500. Interactive Brokers...