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Ameriprise Beats Substantially - Analyst Blog
Thursday, October 28, 2010 - 1:03pm | 663Ameriprise Financial Inc.'s (AMP) third quarter 2010 operating earnings of $1.37 per share were substantially ahead of the Zacks Consensus Estimate of $1.07. This also surpassed the prior-year quarter's earnings of $1.04. Operating results for the quarter exclude realized net investment gains/...
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The Astounding Failure of the US Educational System, Part 2
Thursday, October 28, 2010 - 12:13pm | 4974After observing the considerable amount of interest over my most recent article, The Astounding Failure of the US Educational System, I have decidedto extend that article into a 3-part series. Here's Part 2. Normally I don't read all the comments on the articles I post due to time constraints. I...
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Stock Market News for October 28, 2010 - Market News
Thursday, October 28, 2010 - 10:03am | 1066After swinging back and forth for much of the session, stocks closed mostly in the red Wednesday amid concerns that the Fed's planned purchase of Treasury bonds would not be as heavy and swift as earlier anticipated. Traders are eagerly awaiting a Federal Reserve move to inject more money into the...
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Blackstone In The Red (BX)
Thursday, October 28, 2010 - 8:54am | 95Blackstone Group (NYSE: BX) reported a third quarter loss of 12 cents per share. The private-equity firm said economic net income, or ENI rose to $339.3 million, up from $275.3 million last year. "While global economic and market environments remain fragile, we saw continued marked improvement in...
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The Blackstone Group Reports Third Quarter Revenue of $784M
Thursday, October 28, 2010 - 8:38am | 114The Blackstone Group L.P. (NYSE: BX) today reported its third quarter 2010 results. Economic Net Income was $339.3 million for the third quarter of 2010, an increase of $63.9 million from $275.3 million, or 23%, for the third quarter of 2009. Economic Net Income was $904.9 million for the nine...
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Citi Discusses AllianceBernstein's Earnings (AB)
Thursday, October 28, 2010 - 7:07am | 133Citi Investment Research discusses AllianceBernstein Holding'S LP (NYSE: AB) earnings, which were released after the bell yesterday. It has a Hold rating and a $27 price target on shares. In a note to clients, Citi writes, "While the NPV of the RE cost saves theoretically adds ~$1 in value per...
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Amerprise Financial Beats 3Q Expectations
Thursday, October 28, 2010 - 6:49am | 126Sterne Agee has issued a research report on Ameriprise Financial (NYSE: AMP) following the company's 3Q earnings report, which surprised Sterne Agee along with beating most expectations. In the report, Sterne Agee writes "AMP Reported Operating EPS of $1.37 versus our/consensus $1.08. We view net...
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AllianceBernstein Posts Mixed Earnings (AB)
Wednesday, October 27, 2010 - 5:20pm | 174AllianceBernstein Holding L.P. (NYSE: AB) reports Q3 earnings of $0.36 versus consensus of $0.41. AllianceBernstein Holding L.P. reports revenues of $757.6 million versus consensus of $740.96 million. "As investors continue to rebalance their portfolios away from risk assets and into bond funds, we...
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Ameriprise Financial Declares Regular Quarterly Dividend
Wednesday, October 27, 2010 - 4:39pm | 42The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $0.18 per common share payable on November 22, 2010 to shareholders of record at the close of business on November 8, 2010.
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Waddell & Reed Beats Estimates - Analyst Blog
Wednesday, October 27, 2010 - 4:33pm | 642Waddell & Reed Financial Inc.'s (WDR) third quarter earnings of 47 cents per share were ahead of the Zacks Consensus Estimate of 43 cents. This compares favorably with earnings of 40 cents in the prior quarter and 39 cents in the prior-year quarter. Results benefited year over year,...
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Ameriprise Financial Posts Large EPS Beat; Revs Light (AMP)
Wednesday, October 27, 2010 - 4:21pm | 128Ameriprise Financial Inc. (NYSE: AMP) reports Q3 earnings of $1.37 versus consensus of $1.06. Ameriprise Financial Inc. reports revenues of $2.45 billion versus consensus of $2.48 billion. Revenues were up 26% year over year. "We generated record third quarter earnings, driven largely by strong...
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Legg Mason Outshines Estimate - Analyst Blog
Wednesday, October 27, 2010 - 3:09pm | 707Legg Mason Inc.'s (LM) second-quarter 2011 earnings of 76 cents per share almost doubled the Zacks Consensus Estimate of 36 cents. Including U.K. tax benefit of $8.9 million or 6 cents per share, earnings came to 50 cents per share. Earnings outpaced the prior-year quarter by 17 cents and the...
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Afternoon Market Update (LM, CML, COP)
Wednesday, October 27, 2010 - 12:14pm | 208Shares of Legg Mason Inc (NYSE: LM) moved down after the company posted upbeat quarterly earnings but reported fixed-income product outflows at $8 billion with equity outflows at $4.4 billion. Ticonderoga Securities analyst Douglas Sipkin said, "Bottom line is that it still seems as though Legg...
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Earnings Scheduled For October 27 (V, PEG, DPS, PG, ODP, ESRX, WHR, NOC, S, GG, SYMC, PX, COP, OI, IP, SO, LM, VMED, CMCSA, ADP, ALL, GD, IACI)
Wednesday, October 27, 2010 - 5:26am | 499Visa Inc (NYSE: V) is projected to post its earnings at $0.95 per share in the fiscal fourth quarter. Public Service Enterprise Group Inc (NYSE: PEG) is likely to report its Q3 profit at $0.96 per share. Dr Pepper Snapple Group Inc (NYSE: DPS) is expected to post its Q3 EPS at $0.60. Procter &...
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Scott Nations Is Bullish On Northern Trust Corporation (NTRS)
Tuesday, October 26, 2010 - 7:09pm | 144Scott Nations said on CNBC's Fast Money that he likes Northern Trust Corporation (NASDAQ: NTRS) for several reasons. It has a great client mix, and it probably won't be affected that much by the mortgage problems. He added that Northern Trust Corporation (NTRS) will do well when the middle market...