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Schwab Launches 8 Index-Tracking ETFs
Monday, November 2, 2009 - 2:33pm | 76Charles Schwab (Nasdaq: SCHW), the largest U.S. discount broker, will offer eight new index-tracking ETFs with expense ratios lower than those offered by rivals suchs as State Street (NYSE: STT) and Vanguard. Three of the funds will have an international focus while the other five will have a U.S....
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Blackstone’s (BX) Chinese Adventure
Monday, November 2, 2009 - 11:59am | 178When Blackstone’s (NYSE: BX) CEO Stephen Schwartzman launched a Chinese fund management company to raise 5 billion yuan ($732 million) from local investors, it was seen as the beginning of a expansion of Blackstone in China. The CEO sees the operation of the two funds as a means of hiring new...
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CIT Group Goes Bankrupt, Bail Out Funds More Likely To Be Lost (CIT, BAC, BK, C)
Monday, November 2, 2009 - 11:33am | 198CIT Group (NYSE: CIT) announced today that it will be filing for bankruptcy as its attempt to negotiate a debt change failed. On CIT Group’s chapter 11 petition, they listed assets totaling over $71 billion in assets while holding $64.9 billion in liabilities. Because of the bankruptcy, the...
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Top NYSE Financial Stocks To Consider (JPM, BAC, BLK,AB, ITG, CSH, HUM, IVG, JNS, RJF, SF)
Friday, October 30, 2009 - 2:29pm | 336In the recent down turn of US stocks, the most affected were the Financial Stocks. Financial Components of the Dow Jones Industrial Average, JP Morgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) fell 2% on early trading contributing to losses to the index. Although, the drop in prices can be...
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Mutual Funds Buying Bonds Using Federal Loans, BLK, ITRGX
Thursday, October 29, 2009 - 4:29pm | 115A $1 trillion loan funded by a federal lending program has enabled mutual funds run by the likes of BlackRock Inc. (NYSE: BLK) and T. Rowe Price Group Inc. (NASDAQ: ITRGX) to buy bonds. For T.Rowe Price and Blackrock, the world’s second-biggest bond manager, the bond buying began in July. For...
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Stocks Expected To Pop (MU, SLM, MCO, CEPH, GNW, MI, CMCSA, WLP, GME, WFR, STT, NOVL, PTV, AMGN)
Tuesday, October 27, 2009 - 2:34pm | 241According CNBC.com, their analysts looked at Analyst Price Targets for S&P500 companies in September and identified the top 20 companies. Among these companies, 6 of the top 10 are already showing promising results. On that list, Micron Technology (NYSE: MU) has the widest price range of $4.00...
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5 Stocks That Announced Dividend Hike (PRSP, VFC, AFG)
Tuesday, October 27, 2009 - 10:09am | 169Below are interesting stocks on the NASDAQ and NYSE that announced dividend hike. Prosperity Bancshares Inc (NASDAQ: PRSP) has raised its regular cash dividend to $0.62 per share per year, reflecting an increase of 12.7%. Keefe Bruyette upgraded PRSP from “underperform” to “market perform.” VF...
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Nelson Peltz Legg Mason’s New Board Member
Monday, October 26, 2009 - 7:20am | 163Legg Mason Inc (NYSE: LM) may have a new board member. According the Wall Street Journal, Nelson Peltz might be the new addition. Peltz has acquired 4.3% stake in Legg Mason. Once he is added as a new board member, however, Peltz may be asked to restrict his stock acquisition to 9.9% in Legg Mason...
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Benzinga's Top Financial Movers (CIT, COF, FBCM, TROW)
Friday, October 23, 2009 - 10:13am | 161CIT Group Inc. (NYSE: CIT) is looking strong today and moved up 8% in early morning trade and now trades at 1.21on high volume after The Wall Street Journal reported that the CIT has reached a tentative agreement with Goldman Sachs, easing the terms of a disputed loan and smoothing the way for CIT...
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Earnings Surprises (BDK, NUE, JNS, UNP)
Thursday, October 22, 2009 - 12:14pm | 200The Black & Decker Corporation (NYSE: BDK) third-quarter net income fell 35% to $55.4 million, or 91 cents a share, from $85.8 million, or $1.43 a share in the year-ago period. Revenue fell to $1.21 billion from $1.57 billion. Wall Street analysts expected third-quarter net income of 84 cents a...
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Top Financial Movers (PNC, TRV, BANR, AMP)
Thursday, October 22, 2009 - 11:58am | 139PNC Financial Services (NYSE: PNC) moved up 10.77% to $49.80 after it reported net income of $559 million, or $1.00 per diluted common share, for the third quarter of 2009 compared with net income of $207 million, or $.14 per diluted common share, for the second quarter of 2009. While The Travelers...
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New 52-Week High Stocks (FCX, KMB, MMM, AMP, ALXN)
Thursday, October 22, 2009 - 11:51am | 272Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) touched a new 52-week high at $82.96 in today’s morning trade. Currently the stock is trading at $82.73, up 3.78% on 8.38 million shares. Today, it was upped to buy from hold by Deutsche Bank which lifted its price target to $100 from $72....
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Stocks to Watch (AMP, CTXS, EBAY, LRCX, SDXC)
Thursday, October 22, 2009 - 6:06am | 307Ameriprise Financial, Inc. (NYSE: AMP) swung to a third-quarter profit of $260 million, or $1 a share. The financial services provider lost $70 million, or 32 cents a share, a year ago. Revenue rose 20% to $2 billion. Analysts had forecast Ameriprise to earn 64 cents a share. Citrix Systems, Inc. (...
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Bank Of America Sells Off Assets To Increase Capital (BAC, AMP)
Wednesday, October 21, 2009 - 9:01pm | 112In an effort to raise even more capital, Bank of America (NYSE: BAC) is looking to sell their holdings of First Republic Bank to a group of investors headed by First Republic Management and private investors. The private bank, which was initially bought by Merrill Lynch in 2007, is reportedly being...
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Earnings Surprises (NVR, NTRS, PJC, ATI, STJ)
Wednesday, October 21, 2009 - 10:34am | 325NVR, Inc. (NYSE: NVR) on Wednesday said its third-quarter net income rose to $72.1 million, or $11.59 a share, from $36.6 million, or $6.12 a share, in the third quarter last year. Home-building revenue fell to $792.5 million from $928.3 million. NVR is up 3.61% to $692.90. Northern Trust...