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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, November 2, 2010 - 9:35am | 344Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 3D Systems Corp (TDSC) American Commercial Lines Inc (ACLI) Amerigroup Corp (AGP) Ameriprise Finl Inc (AMP) Amicus Therapeutics Inc (FOLD) View the entire Zacks #1 Rank List. AMER COMML LINE (ACLI): Free Stock Analysis...
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Och-Ziff Capital Management Group LLC Reports 2010 Third Quarter EPS of $(1.05)
Tuesday, November 2, 2010 - 7:37am | 54Och-Ziff Capital Management Group LLC (NYSE: OZM) today reported a GAAP Net Loss of $93.5 million, or $1.04 per basic and $1.05 per diluted Class A Share, for the third quarter ended September 30, 2010. The Company also declared a $0.10 per share 2010 third quarter cash dividend on its Class A...
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Penson Worldwide, Inc. Reports Results for Third Quarter Ended September 30, 2010: Loss Per Share of $0.33
Monday, November 1, 2010 - 4:27pm | 44Penson Worldwide, Inc. (NASDAQ: PNSN) today reported a net loss of $9.4 million, or ($0.33) per share, for the third quarter ended September 30, 2010, which included a pre-tax severance charge of $2.2 million, equal to ($0.05) per share net of tax.
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Kosmos Rejects Cnooc Bid For Jubilee Field Stake
Monday, November 1, 2010 - 2:17pm | 135Cnooc (NYSE: CEO), China's largest offshore oil driller, and Ghana National Petroleum, have been rejected in their attempt to acquire Kosmos Energy's 23.5% stake in Ghana's Jubilee oil field. Cnooc and GNPC were offering $5 billion, which topped an earlier $4 billion by Exxon Mobil (NYSE: XOM)....
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Dynegy Announces FERC Authorization of Blackstone Merger
Monday, November 1, 2010 - 9:22am | 134Dynegy Inc. (NYSE: DYN) today announced that the Federal Energy Regulatory Commission (FERC) has approved the joint application of Dynegy and an affiliate of The Blackstone Group L.P. (NYSE: BX) relating to the acquisition of Dynegy by an affiliate of The Blackstone Group L.P. In addition, the...
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J.P. Morgan Lowers Federated Investors Estimates
Monday, November 1, 2010 - 8:39am | 91Federated Investors, Inc. (NYSE: FII) reported 3Q10 EPS of $0.42, “ahead of our $0.40 estimate and the $0.38 consensus,” J.P. Morgan reports. Results were good due to strong cost controls. “Despite the solid quarter we maintain our Underweight rating as we continue to see risks to the money market...
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Another Strong Quarter for Cephalon - Analyst Blog
Friday, October 29, 2010 - 1:51pm | 1172Cephalon, Inc. (CEPH) delivered another strong quarter with earnings coming at $2.14 per share, easily beating the Zacks Consensus Estimate of $1.79 and well above the year-ago earnings of $1.62. Strong revenues, a favorable product mix and the company's continuing efforts to improve operating...
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Federated Skids Again on Fee Waiver - Analyst Blog
Friday, October 29, 2010 - 10:03am | 811Federated Investors Inc. (FII) reported third quarter operating earnings per share of 42 cents, which surpassed the Zacks Consensus Estimate by 4 cents and missed the year-ago earnings of 56 cents. The reported earnings were also below 46 cents per share reported in the prior quarter. GAAP net...
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Franklin Resources F4Q10 EPS Much Lower Than J.P. Morgan Estimate
Friday, October 29, 2010 - 9:28am | 132Franklin Resources, Inc. (NYSE: BEN) reported F4Q10 EPS of $1.65, “much lower than our $1.86 estimate,” J.P. Morgan reports. There were a number of operating, non-operating, recurring and non recurring items the drove EPS below expectations. “Importantly, sales continue to be very strong and...
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Blackstone Group Economic Net Income Slightly Above Jefferies & Company And Consensus
Friday, October 29, 2010 - 8:50am | 121The Blackstone Group (NYSE: BX) reported economic net income of $0.30 vs. “our $0.29 estimate and consensus of $0.25,” Jefferies & Company reports. “Fee earning assets totaled $104B as of quarter end, up 8% y/y and approx. 3% for the quarter,” Jefferies & Company writes. “Following these...
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Jefferies Has Hold On Franklin Resources (BEN)
Friday, October 29, 2010 - 7:12am | 137Jefferies & Co. has a Hold rating and a $110 price target on Franklin Resources (NYSE: BEN), after the company reported earnings. In a note to clients, Jefferies writes, "Although BEN's long-term net inflows of $19.1B this quarter set another record, they were slightly below our $22.4B estimate...
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Citi Sees Good Times For Franklin Resources (BEN)
Friday, October 29, 2010 - 7:04am | 155Citi Investment Research is out with a research note on Franklin Resources Inc (NYSE: BEN), after the asset manager reported earnings. It has a $150 price target, and a Buy/Low Risk rating on shares. In a note sent to investors, Citi writes, "Somewhat sobering for the industry, management is not...
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Federated Investors Posts Mixed Earnings; Shares Rise (FII)
Thursday, October 28, 2010 - 4:12pm | 139Federated Investors, Inc. (NYSE: FII) reports Q3 earnings of $0.42 versus consensus of $0.38. Federated Investors, Inc. reports revenues of $242.2 million versus consensus of $244.1 million. Federated's total managed assets were $341.3 billion at Sept. 30, 2010, down 13% year over year and up 1%...
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Stephen Schwarzman On Bloomberg Television (BX)
Thursday, October 28, 2010 - 1:17pm | 294Stephen Schwarzman, founder of Blackstone Group LP (NYSE: BX), talks about the U.S. economy, housing and foreclosures. Schwarzman spoke yesterday with Bloomberg's Margaret Brennan in an exclusive interview at UBS AG's Wealth Management Roundtable. View the video here. Highlights can be found below...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, October 28, 2010 - 1:03pm | 344Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Affiliated Managers Group Inc (AMG) Assured Guaranty Ltd (AGO) Banco Bradesco SA ADR (BBD) Bridge Capital Holdings (BBNK) Coach Inc (COH) View the entire Zacks #1 Rank List. ASSURED GUARNTY (AGO): Free Stock Analysis Report ...