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Bulls Banking on American Capital, Ltd. (ACAS)
Thursday, March 24, 2011 - 11:01am | 138Shares of American Capital, Ltd. (NASDAQ: ACAS) are higher on the session by 1.22%, currently trading at $9.15. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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Market Chatter On American Capital Buyout (ACAS)
Thursday, March 24, 2011 - 10:40am | 36Benzinga is hearing market rumors about a potential buyout for American Capital Ltd. (NASDAQ: ACAS) in the $14-$15 dollar range. At last check, shares were up 12 cents to $9.16.
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FirstCity Financial Reports Q4 EPS of $0.17
Thursday, March 24, 2011 - 8:20am | 58FirstCity Financial Corp (NASDAQ: FCFC) reported its Q4 EPS at $0.17, compared with $0.80 in the year-ago period. FCFC reported its Q4 revenue at $19.1 million, versus the consensus of $34.15 million. FCFC shares gained 5.29% to close at $7.36 yesterday. Read more from Benzinga's Company news.
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Supreme Court Says Banks Can't Hide Fed Lending Data
Monday, March 21, 2011 - 2:57pm | 190New information related to the Federal Reserve's emergency loans to banks that took place during the financial crisis in 2008 will soon come to light, following a decision on Monday from the U.S. Supreme Court. The Supreme Court decided to uphold a ruling by the federal court of appeals that...
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Solid Like A Fortress: Private Equity Frims Shares Up 11% (FIG)
Monday, March 21, 2011 - 2:48pm | 81Fortress Investment Group LLC (NYSE: FIG) shares are skyrocketing today on heavier than normal volume, gaining almost 11% today. At last check, shares of Fortress Investment Group were up 56 cents to $5.79, a gain of 10.7%. This is on more than two million shares, which is about 30% higher than...
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Options Brief: Legg Mason, Inc. (LM)
Monday, March 21, 2011 - 10:55am | 92Shares of Legg Mason, Inc. (NYSE: LM) are lower on the session by 1.70%, trading at $34.07. Overall call volume is now running at 3.30x the daily average, with 8% of all calls traded being purchases on the offer. 1,910 contracts have traded on the session so far. Legg Mason, Inc. is a holding...
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Citi Has Buy Rating On State Street Corp (STT)
Monday, March 21, 2011 - 7:33am | 101Citi Investment Research has a Buy rating and a $60 price target on shares of State Street Corp (NYSE: STT). In a note to clients, Citi writes, "We view the announcement as a definite positive and supports our thesis that STT is one of the best positioned companies in our universe for impactful...
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State Street Raises Dividend To 18 Cents (STT)
Friday, March 18, 2011 - 1:29pm | 54In conjunction with the other large banks, State Street (NYSE: STT) has raised its quarterly dividend to 18 cents, up from 1 cent per share. It will also be buying back $675 million in stock. Shares are up $1.18 to $44.58, or 2.7% on this news.
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State Street Corporation Increases Dividend to $0.18; Announces Authorization to Purchase up to $675M of Common Stock
Friday, March 18, 2011 - 1:19pm | 119State Street Corporation (NYSE: STT) today announced a quarterly dividend of $0.18 per share of common stock, payable April 15, 2011, to stockholders of record as of April 1, 2011. Today's announced common stock dividend represents an increase of $0.17 per share from the $0.01 per share dividend...
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BNY Mellon to Move Forward with Capital Plan
Friday, March 18, 2011 - 12:04pm | 103BNY Mellon (NYSE: BK), the global leader in investment management and investment services, today confirmed that the Federal Reserve did not object to its comprehensive capital plan, which provides for second quarter capital actions, including a dividend increase and share repurchases. "We are...
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State of Hawaii Selects AeroVironment to Deploy up to 320 Public Electric Vehicle Charging Docks
Friday, March 18, 2011 - 11:03am | 93Hawaii Lt. Governor Brian Schatz today announced that AeroVironment (NASDAQ: AVAV) has been selected to help lead the way to a cleaner transportation future through an $820,000 contract from the Hawaii EV Ready Grants Program. The contract will fund the deployment of up to 320 AeroVironment 240-...
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J.P. Morgan Lowers PT on JNS to $10
Friday, March 18, 2011 - 7:40am | 109J.P. Morgan has lowered its Price Target on Janus Capital Group (NYSE: JNS) to $10 from $12. According to the report, "We are lowering estimates on Janus. As more time passes, we are getting greater conviction that poor relative performance will negatively impact sales and performance fees, until...
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Citi Upgrades JNS to Hold
Friday, March 18, 2011 - 7:38am | 92Citi has upgraded Janus Capital Group (NYSE: JNS) to a Hold Rating. Citi writes, "Upgrade to Hold from Sell; maintain $12 target — With the stock down 15% since mid-January, lagging the SPX by ~1,200 bps and peers by ~1,000 bps , we see the risk/reward more balanced. We also believe investors are...
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Citigroup Upgranes Janus Capital Group To Hold, $12 PT
Friday, March 18, 2011 - 7:08am | 27Citigroup has upgraded Janus Capital Group (NYSE: JNS) from Sell to Hold and maintains its $12 price target.
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Top 4 Small-Cap Stocks In The Financial Sector With The Highest Cash (MF, IBKR, AIB, PNSN)
Friday, March 18, 2011 - 1:19am | 150Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. MF Global Holdings Ltd (NYSE: MF) had $26.04 billion in total cash and $20.63 billion in total debt for the latest quarter. Interactive Brokers Group Inc (NASDAQ: IBKR) had $20.29 billion in total cash and...