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GAMCO Reports 3rd Quarter 2010 EPS of $0.73
Monday, November 8, 2010 - 8:32am | 69GAMCO Investors, Inc. (NYSE: GBL) announced third quarter 2010 earnings of $0.73 per fully diluted share versus $0.53 per fully diluted share in the third quarter 2009. Net income was $20.1 million in the third quarter of 2010 compared to $14.7 million in the third quarter of 2009. Assets Under...
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Fast Money Picks For November 8th (GLD, SLW, F, BK)
Friday, November 5, 2010 - 9:22pm | 223On CNBC's Fast Money, Brian Kelly said that he is a buyer of SPDR Gold Trust (ETF) (NYSE: GLD). SPDR Gold Trust (ETF) (GLD) gained 0.26% on Friday, and closed at $136.38. Guy Adami likes Silver Wheaton Corp. (USA) (NYSE: SLW) and wants to buy it on Monday. Silver Wheaton Corp. (USA) (SLW) gained 2....
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Joe Terranova Recommends Bank of New York (BK)
Friday, November 5, 2010 - 5:30pm | 66On CNBC's Fast Money, Joe Terranova continued to stick with the bank trade, and recommended The Bank of New York Mellon Corporation (NYSE: BK) as a way to play this. Shares of BK gained $1.67 today to close at $28.17, a gain of 3.6%. The Bank of New York Mellon Corporation provides various products...
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Goldman Says Buy State Street (STT)
Friday, November 5, 2010 - 6:57am | 142Goldman Sachs has a research note on State Street Corporation (NYSE: STT) and is upgrading it to Buy from Neutral. It has a $50 price target on shares. In a note to clients, Goldman writes, "We upgrade STT to Buy from Neutral ($50 PT) as the stock has multiple strengths in its core custody/...
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Bookkeeping: Bernanke Forces our Hand
Thursday, November 4, 2010 - 9:32am | 2317Yesterday the market closed essentially right at the 200 week simple moving average. As has been the case throughout the rally from March 2009, whenever the major indexes hit serious resistance, it has been broken not during market hours but in premarket. Again, we see that pattern today with the...
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Citigroup Reaffirms BlackRock Rating
Thursday, November 4, 2010 - 9:10am | 134Citigroup said that it is reaffirming its Hold rating on BlackRock, Inc. (NYSE: BLK). “We may reassess our view once the dust settles,” the company writes, “but $8B in shares still seems like a big amount, or about 25% of market cap assuming full exercise.” Citigroup said that it values shares of...
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Will The Sale Of BLK Impact EPS For PNC?
Thursday, November 4, 2010 - 8:17am | 150Deutsche Bank has published a research report on PNC Financial Services (NYSE: PNC) in anticipation of estimating the impact on EPS from the sale of BlackRock, Inc. (NYSE: BLK). In the report, Deutsche Bank writes "We estimate PNC will record a gain of about $200m pre-tax or $0.25 per share after-...
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Fortress Investment Group To Release Earnings On Nov. 5
Wednesday, November 3, 2010 - 11:12am | 103Fortress Investment Group LLC (NYSE: FIG) is scheduled to announce earnings before the market opens on Friday, November 5th. Analysts are looking for an earnings profit of 11 cents per share. Fortress has surpassed consensus estimates the past two quarters and reported in-line earnings in the same...
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American Capital: A Penny Ahead - Analyst Blog
Wednesday, November 3, 2010 - 11:03am | 626American Capital Ltd's (ACAS) third quarter 2010 operating income of 17 cents per share was a penny ahead of the Zacks Consensus Estimate of 16 cents. The results were also ahead of the prior-year quarter's earnings of 11 cents per share. Results were helped by a drop in operating expenses,...
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Company News for November 3, 2010 - Corporate Summary
Wednesday, November 3, 2010 - 10:00am | 820• WellPoint (NYSE: WLP) reported estimate-topping third quarter earnings of $1.74 a share, up from Zacks estimates of $1.58, on revenues of $14.33 billion, above Zacks estimates of $14.22 billion • Aetna (NYSE: AET) topped projections with third quarter results of $0.84 a share, up from Zacks...
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BlackRock Down Sharply On Stake Sale (BLK)
Wednesday, November 3, 2010 - 9:43am | 110BlackRock, Inc. (NYSE: BLK) is down sharply in early Wednesday trading, losing more than 3% on news that PNC Financial (NYSE: PNC) is selling its stake in the company. Bank of America (NYSE: BAC) is also selling its stake in the company. Between the two companies, 42 million shares are coming to...
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Eyes on Election Tonight Then Tomorrow's Fed 11-02-2010
Tuesday, November 2, 2010 - 6:44pm | 902Cusick's Corner The election results will be watched overnight, but all eyes will be on the FOMC statement tomorrow, due out at 2:15 ET. The focus will be on the size of the Fed's highly anticipated Quantitative Easing. At this point, expectations are that the Republicans will take the House and...
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American Capital's NAV Increased By 5% During Q3 (ACAS)
Tuesday, November 2, 2010 - 4:56pm | 162American Capital, Ltd. (NASDAQ: ACAS) reports Q3 earnings of $0.17 versus consensus of $0.16. The company's net asset value per shares increased to $9.59 during the quarter, representing a 5% increased sequentially. "Our NAV per share grew by $0.44 for the quarter and $1.79 over the last year to $...
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American Capital Reports $0.43 Net Earnings Per Diluted Share
Tuesday, November 2, 2010 - 4:14pm | 56American Capital, Ltd. (Nasdaq: ACAS) announced net operating income for the quarter ended September 30, 2010 of $59 million, or $0.17 per diluted share. Net earnings (loss) less appreciation and (depreciation) for the quarter was $(9) million, or $(0.03) per diluted share and net earnings for the...
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Long Term Bull Investing With Legg Mason (LM)
Tuesday, November 2, 2010 - 2:41pm | 156Shares of Legg Mason, Inc. (NYSE: LM) are higher on the session by 2.62%, currently trading at $32.16. The stock has been moving largely higher over the past three months, bouncing off of the $25.00 level and rallying back above the 50-day and 200-day moving averages. Shares looked poised for...