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Financial Sector Ended In Slightly Positive Frame, With C Feeling The Heat Of Treasury Selloff (XLF, SPX, KBE, C, CBG, ETFC, JNS, MS)
Tuesday, March 30, 2010 - 6:33am | 273The financial sector ended in positive territory on Monday, with The Financial Select Sector SPDR Fund (NYSE: XLF), a barometer for the financial sector, adding 0.1%. However, the SPDR KBW Bank ETF (NYSE: KBE) closed down 0.5%, while the broader S&P 500 Index (NYSE: SPX) fared better and gained...
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The Government’s Mortgage Modification Program May Hurt The Bottom Line Of The Banks In The Financial ETF
Monday, March 29, 2010 - 2:21pm | 2492“Citigroup (NYSE: C) announced on Thursday that it would join the government’s program to modify second mortgages, following Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), JP Morgan Chase & Co (NYSE: JPM) and others, as the housing market appears to be at the beginning of a second...
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SunTrust Robinson Humphrey Rates State Street (STT) A Buy
Monday, March 29, 2010 - 1:43pm | 139SunTrust Robinson Humphrey analysts John W Stilmar and Greg Robinson rated shares of State Street Corporation (NYSE: STT) a Buy, with a price target of $56. The analysts lowered their 1st quarter earnings estimates 6 cents per share to 77 cents per share, which is 2 cents above Wall Street's...
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SunTrust Robinson Humphrey Rates Northern Trust Corporation (NTRS) Neutral
Monday, March 29, 2010 - 1:30pm | 114SunTrust Robinson Humphrey analysts John W Stilmar and Greg Robinson rated shares of Northern Trust Corporation (Nasdaq: NTRS) as Neutral. The analysts said that their 20%+ estimate for 2011 earnings (shared by Wall Street) was too high. They said that even when rising interest rates are factored...
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SunTrust Robinson Humphrey Rates Bank of New York Mellon (BK) A Buy
Monday, March 29, 2010 - 1:21pm | 145SunTrust Robinson Humphrey analysts John W Stilmar and Greg Robinson rated shares of Bank of New York Mellon (NYSE: BK) a Buy, with a price Target of $36. The analysts said that besides Bank of New York Mellon's balance sheet, Issuer & Clearing Services will be important positive catalysts. For...
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Gainers And Losers On March 26 (ABIO, VTIV, FINL, GLG, LSE, CPWM, RSH, ATAC, SNX)
Monday, March 29, 2010 - 8:12am | 316Friday again ended up, even if slightly, making it the fourth consecutive week to end higher. The stocks that made impressive movement in the US stock market are: Gainers Arca Biopharma Inc (NASDAQ: ABIO) soared about 210% to $8.22, after the biotech company announced that it has received patents...
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Miller’s Opportunity Fund Beats His Value Fund (LM, BAC, C)
Friday, March 26, 2010 - 5:14pm | 488Bloomberg reports that for 15 consecutive years Bill Miller’s Legg Mason (NYSE: LM) Capital Management Value Trust had been beating the Standard & Poor’s 500 Index, this year it is level with the index. And the amazing thing is he is trailing himself, more specifically his Legg Mason Capital...
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Are Investors Turning Their Backs On Regional Bank ETFs
Friday, March 26, 2010 - 3:28pm | 1121“Regional bank stocks, historically, have been a decent spot to be. Many regional banks actually hold loans they originate and have a great deal of knowledge about the economy in their area. But risks were lurking here, too. After the mortgage meltdown, all bets were off. It turns out that many...
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GLG Partners Inc. (GLG) May Witness Profit Booking On Every Rise
Friday, March 26, 2010 - 1:28pm | 126GLG Partners (NYSE: GLG) rallied 13.8%, to $3.05 after a news report that U.K. hedge fund manager Man Group has spoken to GLG Partners (GLG) and SAC Capital Advisors about possible investments, acquisitions and distribution deals in the U.S. Volume in GLG Partners (GLG) topped 6.95 million shares,...
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Reduce Your Risk In The Initial Public Offering Market With This IPO ETF
Thursday, March 25, 2010 - 7:56pm | 2056“Everybody loves the romance of an IPO — a company going public with the potential to deliver huge profits to those investors on the ground floor. But the reality of initial public offerings are very different than the storybook version some traders believe. Trying to research these tiny upstarts...
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Roche Aims Big in Oncology - Analyst Blog
Thursday, March 25, 2010 - 1:33pm | 591Roche (RHHBY) is looking to strengthen its presence in oncology and expand in other therapeutic areas like metabolism, inflammation and central nervous system (CNS). The company provided an update on its pipeline at a recently held investor conference. The company has a strong final stage...
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Top 5 Mid-Cap Stocks In The Asset Management Industry With The Highest Profit Margins (AB, FII, SEIC, EV, WDR)
Thursday, March 25, 2010 - 7:16am | 236Below are the top five mid-cap asset management stocks on the NYSE and the NASDAQ in terms of profit margins. The trailing-twelve-month profit margins at Allianceberstein Holding LP (NYSE: AB) stand at 86.85%. AB’s quarterly earnings growth stands at 148.40% y/y. Read more about this company here...
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Top 5 Mid-Cap Stocks In The Asset Management Industry With The Highest Sales Growth Estimates For The Current Quarter (BX, LAZ, JNS, WDR, EV)
Thursday, March 25, 2010 - 7:12am | 256Below are the top mid-cap asset management stocks on the NYSE and the NASDAQ in terms of sales growth estimates for the current quarter. The Blackstone Group (NYSE: BX) is likely to achieve 1,211.2% sales growth in the March quarter. Analysts at Oppenheimer upgraded BX from “perform” to “outperform...
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Top 5 Mid-Cap Stocks In The Asset Management Industry With The Highest Cash (PFG, LM, LAZ, IVZ, BX)
Thursday, March 25, 2010 - 6:54am | 256Below are the top mid-cap asset management stocks on the NYSE and the NASDAQ in terms of cash. Principal Financial Group Inc (NYSE: PFG) had $3.49 billion in total cash for the latest quarter. PFG had a total debt of $2.33 billion for the same period. Read more about this company here. Legg Mason...
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OZM Set To Gain Market Share Soon
Wednesday, March 24, 2010 - 1:24pm | 132Analysts at Argus downgrade Och-Ziff Capital Management (NYSE: OZM) from "buy" to "hold." According to Argus, the downgrade in the rating is based on valuation concerns, since the company’s shares are trading close to the target price. Having debuted at $30 and sunk to $3 per share in 2008, Och-...