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NRG Energy Expects 2011 EBITDA of $1,750 to $1,950M
Wednesday, November 24, 2010 - 10:44am | 96NRG Energy, Inc. (NYSE: NRG) amends its 2011 guidance to adjust for exclusion of 3,884 megawatts of gas assets in California and Maine as a result of Dynegy's (NYSE: DYN) shareholder vote against Blackstone Group L.P.'s (NYSE: BX) buyout offer and termination of the operative acquisition agreements...
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Eaton Vance Reports Solid 4Q
Wednesday, November 24, 2010 - 9:45am | 186JP Morgan has published a research report on Eaton Vance Corporation (NYSE: EV) after the company reported a solid 4Q filled with one-hit wonders. In the report, JP Morgan writes "Yesterday Eaton Vance announced the acquisition of intellectual property assets from Managed ETFs LLC. Specifically it...
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J.P. Morgan Raises Estimates on Eaton Vance
Wednesday, November 24, 2010 - 8:51am | 26Analysts at J.P. Morgan today raised its price target on Eaton Vance (NYSE: EV) to $33.00, up from $32.00.
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BB&T Upgraded to Neutral - Analyst Blog
Wednesday, November 24, 2010 - 7:37am | 595We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T's third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the...
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Dynegy Rejects Blackstone Deal - Analyst Blog
Wednesday, November 24, 2010 - 7:20am | 556Asset management and financial services company The Blackstone Group's (BX) dream to acquire Houston-based merchant generator, Dynegy Inc. (DYN) went bust with the latter rejecting the proposal at a special shareholder meeting for the purpose. Earlier faced with a lukewarm response from...
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Northern Trust Corp. (NTRS) - Bear of the Day
Wednesday, November 24, 2010 - 3:03am | 179Northern Trust Corporation's (NTRS) third quarter earnings of $0.64 per share were below the Zacks Consensus Estimate of $0.72, attributed to the low interest rate environment and lingering economic recovery. Last year, the company reported a gain of $0.77 per share and $0.82 in the prior quarter...
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Northern Trust Corp. (NTRS) - Bear of the Day
Tuesday, November 23, 2010 - 8:00pm | 179Northern Trust Corporation's (NTRS) third quarter earnings of $0.64 per share were below the Zacks Consensus Estimate of $0.72, attributed to the low interest rate environment and lingering economic recovery. Last year, the company reported a gain of $0.77 per share and $0.82 in the prior quarter...
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Trading Resumes: Janus Capital
Tuesday, November 23, 2010 - 3:46pm | 14Janus Capital (NYSE: JNS) trading resumes.
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Trading Halted: Janus
Tuesday, November 23, 2010 - 3:04pm | 13Janus (NYSE: JNS) trading halted.
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Market Roundup (EV, SU, ECA, TCK, ABX, JACK)
Tuesday, November 23, 2010 - 1:39pm | 281Shares of Eaton Vance Corp (NYSE: EV) dropped about 3.5% after the company reported its FQ4 results. The company's earnings came in at $0.41 per share, up from $0.34 per share, in the year-ago quarter. The company's revenue came in at $303.6 million, up from $273 million, in the year-ago period....
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Blackstone to Manage Over $2 Billion of Merrill Lynch Asia Real Estate Assets
Tuesday, November 23, 2010 - 12:39pm | 96The Blackstone Group (NYSE: BX) today announced that it had closed on an agreement to manage Bank of America Merrill Lynch's (NYSE: MER) Asian real estate assets and to act as the new general partner for the Merrill Lynch Asian Real Estate Opportunity Fund. Since acquiring Merrill Lynch, Bank of...
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Eaton Vance Corp. Reports Q4 EPS of $.41
Tuesday, November 23, 2010 - 9:48am | 66Eaton Vance Corp. (NYSE: EV) earned $0.41 per diluted share in the fourth quarter of fiscal 2010 compared to earnings per diluted share of $0.39 in the fourth quarter of fiscal 2009 and $0.34 in the third quarter of fiscal 2010. The Company earned $1.40 per diluted share in the fiscal year ended...
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Blackstone Comments on the Termination of Dynegy Merger Agreement
Tuesday, November 23, 2010 - 9:35am | 148In anticipation of their proposal not receiving the necessary votes to be adopted, an affiliate of The Blackstone Group (NYSE: BX) and Dynegy Inc. (NYSE: DYN) expect to announce the termination of their merger agreement following today's shareholder meeting. Blackstone issued the following...
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ProLogis Sells Assets - Analyst Blog
Tuesday, November 23, 2010 - 9:30am | 448ProLogis (PLD), a leading global provider of distribution facilities, has recently sold a huge portfolio of industrial assets worth approximately $1 billion to affiliates of The Blackstone Group (BX). In addition, the company also sold a 25% minority interest in the 1,600-room Hilton New Orleans...
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Citi Retains Buy On BlackRock Inc (BLK)
Tuesday, November 23, 2010 - 8:18am | 121Citi Investment Research is retaining its Buy rating and $210 price target on shares of BlackRock Inc (NYSE: BLK). In a note sent to clients, Citi writes, "Call raised comfort around: 1) margin expansion into 2012; 2) likely sizeable dividend hike into 2011 and incremental stock repurchase; 3)...