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J.P. Morgan Maintains Overweight Rating On BK
Thursday, January 13, 2011 - 9:16am | 82J.P. Morgan is maintaining its Overweight rating on Bank of New York Mellon Corp. (NYSE: BK) “due to its relatively attractive valuation and strong longer term secular growth opportunities.” “We are maintaining our December 2011 price target of $36.00,” J.P. Morgan writes. “Our price target is...
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NRG Energy Restructures Debt - Analyst Blog
Thursday, January 13, 2011 - 9:15am | 586Energy generation company NRG Energy Inc. (NRG) issued $1.2 billion 7.625% senior unsecured notes due January 15, 2018, to qualified institutional buyers. The offering is expected to close on January 26, 2011. NRG Energy intends to utilize the net proceeds of the issue to buy back its...
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U.S. Banks Stock Update - January 2011 - Zacks Analyst Interviews
Thursday, January 13, 2011 - 1:00am | 1986Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential and commercial real estate loan defaults and the...
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U.S. Banks Stock Update - January 2011 - Industry Outlook
Thursday, January 13, 2011 - 1:00am | 1986Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential and commercial real estate loan defaults and the...
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AllianceBernstein Announces Names Edward J. Farrell Interim CFO
Wednesday, January 12, 2011 - 5:08pm | 102AllianceBernstein Holding L.P. (NYSE: AB) today announced that Chief Financial Officer John B. Howard informed the company on January 10, 2011, that he will leave AllianceBernstein to return to his former employer, AQR Capital Management, in his former role as Chief Operating Officer. Howard will...
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Northern Trust Upgraded to Neutral - Analyst Blog
Wednesday, January 12, 2011 - 4:01pm | 516We are upgrading our recommendation on Northern Trust Corporation (NTRS) to Neutral from Underperform based on the company's solid capital ratios, a competitive dividend yield and an attractive business model. Northern Trust's third quarter earnings of 64 cents per share were below the Zacks...
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Northern Trust Upgraded to Neutral - Analyst Blog
Wednesday, January 12, 2011 - 3:40pm | 516We are upgrading our recommendation on Northern Trust Corporation (NTRS) to Neutral from Underperform based on the company's solid capital ratios, a competitive dividend yield and an attractive business model. Northern Trust's third quarter earnings of 64 cents per share were below the Zacks...
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Eaton Vance Declares Quarterly Dividend Of $0.18 Per Share
Wednesday, January 12, 2011 - 1:33pm | 131The Board of Directors of Eaton Vance Corp. (NYSE: EV) today declared a quarterly dividend of $0.18 per share on its common stock. The dividend is payable February 11, 2011 to shareholders of record on January 31, 2011. Eaton Vance Corp. is one of the oldest investment management firms in the...
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Jefferies Raises TROW 4Q EPS Estimate; PT Jumps To $75
Wednesday, January 12, 2011 - 10:06am | 91T. Rowe Price (NASDAQ: TROW) is expected to report 4Q10 earnings on January 28th. “We are increasing our 4Q EPS estimate by $0.05 to $0.69 to reflect the performance of the equity markets in the quarter,” Jefferies writes. “Consistent inflows, superior margins, and a healthy balance sheet continue...
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Jefferies Raises PT On T. Rowe Price
Wednesday, January 12, 2011 - 8:57am | 28Jefferies & Company has raised the price target on T. Rowe Price (NASDAQ: TROW) from $62 to $75 and maintains its Buy rating.
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LyondellBassell Leads as Investor Announces Intent to Raise Ownership to 16 Percent
Tuesday, January 11, 2011 - 10:22pm | 1045Model Portfolio Daily Update: January 11, 2011 Subscribers log in for the full report: This content is for members only. New Actions Required: This content is for members only. Of Note: We experienced three additional upgrades today in our model portfolios, including our long-only model based on...
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Benzinga's After Hours Decliners (SNV, PCX, ACI, STT)
Tuesday, January 11, 2011 - 8:00pm | 109Among the after hours decliners on Tuesday are Synovus Financial (NYSE: SNV), Patriot Coal (NYSE: PCX), Arch Coal (NYSE: ACI), and State Street (NYSE: STT). None of these names are trading significant volume and there does not seem to be any market moving news out that would account for the...
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Franklin's December AUM Improves - Analyst Blog
Tuesday, January 11, 2011 - 7:06pm | 599Franklin Resources Inc. (BEN) reported preliminary assets under management (AUM) of $670.7 billion by its subsidiaries for the end of December. Results were up 4.4% from $642.3 billion as of November 30, 2010 and 21.2% from $553.5 billion as of December 31, 2009. At the end of the month, total...
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Franklin's December AUM Improves - Analyst Blog
Tuesday, January 11, 2011 - 6:55pm | 599Franklin Resources Inc. (BEN) reported preliminary assets under management (AUM) of $670.7 billion by its subsidiaries for the end of December. Results were up 4.4% from $642.3 billion as of November 30, 2010 and 21.2% from $553.5 billion as of December 31, 2009. At the end of the month, total...
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Invesco Ltd. Announces December 31, 2010 Assets Under Management of $616B
Tuesday, January 11, 2011 - 6:02pm | 183Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management of $616.0 billion, an increase of 0.8% month over month. The month over month increase in AUM was driven primarily by positive returns from global financial markets and strengthening foreign currencies against the...