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PNC Runs Ahead of Estimates - Analyst Blog
Thursday, January 20, 2011 - 3:59pm | 1172PNC Financial Services Group Inc.'s (PNC) fourth-quarter adjusted earnings of $1.60 per share were ahead the Zacks Consensus Estimate of $1.40. Results also compare favorably with adjusted earnings of $1.56 in the prior quarter and 90 cents in the prior-year quarter. Adjusted earnings for the...
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Marshall & Ilsley's Loss Narrows - Analyst Blog
Thursday, January 20, 2011 - 3:01pm | 766Marshall & Ilsley Corporation's (MI) fourth quarter 2010 loss of 25 cents per share was just a penny higher than the Zacks Consensus Estimate of a loss of 24 cents. However, the loss significantly narrowed from 54 cents reported in the year-ago quarter. Results for the reported quarter...
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Marshall & Ilsley's Loss Narrows - Analyst Blog
Thursday, January 20, 2011 - 2:16pm | 766Marshall & Ilsley Corporation's (MI) fourth quarter 2010 loss of 25 cents per share was just a penny higher than the Zacks Consensus Estimate of a loss of 24 cents. However, the loss significantly narrowed from 54 cents reported in the year-ago quarter. Results for the reported quarter...
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BlackRock Appoints Verizon CEO Ivan Seidenberg to Board of Directors
Thursday, January 20, 2011 - 1:49pm | 42BlackRock, Inc. (NYSE: BLK) today announced that Ivan G. Seidenberg, Chairman and Chief Executive Officer of Verizon (NYSE: VZ), has joined the Company's Board of Directors.
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1-20-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, January 20, 2011 - 1:22pm | 4414Angela Moon – Reuters Wall St falls for second day as materials, tech weigh NEW YORK (Reuters) – Stocks fell on Thursday as upbeat economic data on jobs and housing failed to offset a selloff in the technology and materials sectors. Technology stocks were weighed by networking/cloud computing...
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Bank Of New York Mellon Company Update -Jefferies (BK)
Thursday, January 20, 2011 - 11:54am | 121Bank of New York Mellon (NYSE: BK) reported its Q4 2010 and fiscal year 2010 earnings Wednesday morning with a $0.55 EPS, falling short of Thomson Reuters' Wall Street analyst poll estimate of a $0.57 EPS. Today's Jefferies report maintains its Bank of New York Mellon rating of Hold and price...
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Company News for January 20, 2011 - Corporate Summary
Thursday, January 20, 2011 - 11:01am | 619• Share prices of tech major IBM (NYSE:IBM) rose by 3.35% after the company posted excellent earnings figure on Tuesday night • Adtran Inc (NASDAQ:ADTN) increased 6.56% to end at $42.25 after the company posted an increased sales figures for the fourth quarter that came in above expectations • ...
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Company News for January 20, 2011 - Corporate Summary
Thursday, January 20, 2011 - 10:15am | 619• Share prices of tech major IBM (NYSE:IBM) rose by 3.35% after the company posted excellent earnings figure on Tuesday night • Adtran Inc (NASDAQ:ADTN) increased 6.56% to end at $42.25 after the company posted an increased sales figures for the fourth quarter that came in above expectations • ...
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Benzinga's Top Downgrades (QLGC, BCSI, STT, GS)
Thursday, January 20, 2011 - 9:43am | 139QLogic Corporation (NASDAQ: QLGC) was downgraded by BMO Capital from "outperform" to "market perform." QLGC's shares closed at $17.92 yesterday. QLogic's PEG ratio is 1.08. Blue Coat Systems Inc (NASDAQ: BCSI) was downgraded by BofA/Merrill from "neutral" to "underperform." BCSI's stock closed at $...
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Jefferies Lowers NTRS PT To $58, Lowers Estimates
Thursday, January 20, 2011 - 9:14am | 68Jefferies is lowering its estimates and cutting its PT to $58 from $61 on shares of Northern Trust (NYSE: NTRS). “We have cut EPS estimates to $2.95 from $3.20 in 2011 and to $3.60 from $3.80 in 2012 following disappointing 4Q results,” Jefferies writes. “The 4Q result ($0.64) is 21% below the $0....
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Jefferies Lowers PT On Northern Trust
Thursday, January 20, 2011 - 8:45am | 27Jefferies & Company has lowered the price target on Northern Trust (NYSE: NTRS) from $61 to $58 and maintains its Hold rating.
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Goldman Sachs Likes State Street (STT)
Thursday, January 20, 2011 - 8:11am | 143Goldman Sachs has a Buy rating and a $57 price target on shares of State Street (NYSE: STT). In a note to clients, Goldman writes, "STT remains our favorite idea in the space. While management's higher expense expectations overshadowed better than expected NIM guidance (155-165 bps), the firm...
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Jefferies Lowers PT On State Street
Thursday, January 20, 2011 - 7:54am | 27Jefferies & Company has lowered the price target on State Street (NYSE: STT) from $57 to $55 and maintains its Buy rating.
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Waddell & Reed Financial, Inc. - Growth & Income
Thursday, January 20, 2011 - 3:01am | 460Waddell & Reed Financial, Inc. (WDR) recently delivered a 19% earnings surprise driven by solid revenue growth and an increase in assets under management. Analysts have been revising their estimates higher over the last several months, sending the stock to a Zacks #2 Rank (Buy). The company...
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Waddell & Reed Financial, Inc. - Growth & Income
Thursday, January 20, 2011 - 1:00am | 460Waddell & Reed Financial, Inc. (WDR) recently delivered a 19% earnings surprise driven by solid revenue growth and an increase in assets under management. Analysts have been revising their estimates higher over the last several months, sending the stock to a Zacks #2 Rank (Buy). The company...