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Calamos Asset Management, Inc. Reports Third Quarter 2010 Results and Declares Dividend; EPS of $0.23 and Dividend of $.075
Tuesday, October 26, 2010 - 4:50pm | 100Calamos Asset Management, Inc. (Nasdaq: CLMS) today reported third quarter 2010 results, including revenues of $78.4 million and operating income of $30.6 million. Income before income taxes was $34.2 million for the current quarter. The company's net income of $4.7 million and diluted earnings...
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Dick Bove Comments On Northern Trust Rumor (NTRS)
Tuesday, October 26, 2010 - 2:05pm | 117Rochdale Securities analyst Dick Bove had some comments on the supposed merger between Northern Trust (NASDAQ: NTRS) and HSBC (NYSE: HBC). The number being thrown out on Wall Street is $65 per share, which Bove called a "gift." He said he expects a price around $58, but did say that a merger...
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Afternoon Market Update (NTRS, HBC, IBM, DAL, LCC, AMR)
Tuesday, October 26, 2010 - 12:07pm | 196Shares of Northern Trust Corp (NASDAQ: NTRS) gained about 4% after the UK's Daily Mail report. According to the report, HSBC Holdings Plc (NYSE: HBC) is likely to make an offer of $65 per share for NTRS. HSBC recently withdrew a plan of purchasing a stake in Nedbank Group. The board of directors of...
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Wells Fargo Lowers Invesco Estimates
Tuesday, October 26, 2010 - 10:19am | 153Following the Invesco (NYSE: IVZ) earnings conference call, Wells Fargo is reducing its 2010 EPS estimate from $1.35 to $1.31 and our 2011 EPS from $1.70 to $1.60. IVZ recently announced Q3 cash EPS of $0.39 compared to our estimate for $0.39. Our valuation range of $23-$24 remains unchanged....
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Northern Trust Up In Pre-Market On Merger Rumors (NTRS, HBC)
Tuesday, October 26, 2010 - 9:24am | 76Shares of Northern Trust Corporation (NASDAQ: NTRS) are up 4% in pre-market on rumors that HSBC Holdings (NYSE: HBC) may bid for the company. According to the U.K.'s Daily Mail, HSBC is going to offer $65 in cash for the bank. Northern Trust provides asset servicing, fund administration, investment...
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AMG Names Sean M. Healey Chairman and CEO
Tuesday, October 26, 2010 - 8:41am | 45Affiliated Managers Group, Inc. (NYSE: AMG) today announced that, effective January 1, 2011, Sean M. Healey, President and Chief Executive Officer, will succeed founder William J. Nutt as Chairman. Mr. Nutt will remain on the Company's Board of Directors.
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AMG Reports Financial and Operating Results for the Third Quarter; EPS $.65
Tuesday, October 26, 2010 - 8:40am | 132Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the third quarter and nine months ended September 30, 2010. For the third quarter of 2010, Economic Earnings Per Share were $1.50, compared to $1.05 for the same period of 2009, while diluted...
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Dynegy Provides Additional Information in Response to Seneca Filings
Tuesday, October 26, 2010 - 8:36am | 66Dynegy Inc. (NYSE: DYN) today sent the following letter to its stockholders reiterating the recommendation of the Dynegy Board of Directors that they vote FOR the proposal to adopt the merger agreement with an affiliate of The Blackstone Group L.P. (NYSE: BX) at Dynegy's November 17, 2010 Special...
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Benzinga's Top Pre-Market NASDAQ Gainers (MIPS, NTRS, JASO, SVNT)
Tuesday, October 26, 2010 - 8:20am | 132MIPS Technologies Inc (NASDAQ: MIPS) rose 12.58% to $11.99 in the pre-market session. MIPS reported upbeat Q1 profit. Northern Trust Corporation (NASDAQ: NTRS) added 6.18% to $50.99 in the pre-market session. According to the UK's Daily Mail, HSBC Holdings Plc is likely to make an offer of $65 per...
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Invesco Tops Zacks Consensus - Analyst Blog
Monday, October 25, 2010 - 11:57am | 630Invesco Limited's (IVZ) third quarter 2010 earnings came in at 39 cents per share, 4 cents ahead of the Zacks Consensus Estimate of 35 cents. This also compares favorably with earnings of 27 cents in the prior-year quarter. On a GAAP basis, earnings came in at 32 cents per share, compared with...
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Invesco Reports Results for Q3; Adjusted EPS $.39
Monday, October 25, 2010 - 7:33am | 111Invesco Ltd. (NYSE: IVZ) reported adjusted earnings per share of $0.39 for the third quarter of 2010 (second quarter 2010: $0.27). Adjusted net income was $185.0 million for the third quarter (second quarter: $125.4 million). On a U.S. GAAP basis, diluted earnings per share were $0.32 for the third...
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Mad Money Lightning Round OT: Cramer Thinks That BHP Will Raise Its Offer For POT (AMP, BHP. POT, FE)
Sunday, October 24, 2010 - 4:30pm | 239Jim Cramer said on CNBC's Mad Money Lightning Round OT that Ameriprise Financial, Inc. (NYSE: AMP) has run up a lot lately, because the annuity business is red hot. He recommended investors with a long position in Ameriprise Financial, Inc. (AMP) to hold their position, because he sees more room on...
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BlackRock Looking For Partner To Buy Bank Of America (BAC, BLK)
Friday, October 22, 2010 - 2:38pm | 87In what could potentially be the biggest news of 2010, Charlie Gasparino has just said on Fox Business Network that Blackrock (NYSE: BLK) CEO Larry Fink has begun looking for a partner to buy 35% of Bank of America (NYSE: BAC). Blackrock currently owns around 5.3% of Bank of America. In an...
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T. Rowe Price Pops on Exceptional Third Quarter (TROW)
Friday, October 22, 2010 - 1:09pm | 257Shares of T. Rowe Price (NASDAQ: TROW) are higher by more than 4% Friday afternoon, following an exceptional third quarter performance. Quarterly earnings were boosted by retirement-related funds and strong markets. The stock is higher by $2.46, or 4.6%, to $55.15. According to a Bloomberg report...
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Bulls Knocking on Fortress's Gate (FIG)
Friday, October 22, 2010 - 12:00pm | 160Shares of Fortress Investment Group LLC (NYSE: FIG) are lower on the session by 4.48%, currently trading at $4.26. The stock has been moving largely higher over the past four months and is currently trending higher above the 50-day and 200-day moving averages. FIG looks like it wants to test $4.00...