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Calls Purchased on Northern Trust (NTRS)
Tuesday, August 10, 2010 - 12:54pm | 106Shares of Northern Trust Corp. (NASDAQ: NTRS) are flat on the session, currently trading at $49.00. The stock has been moving largely lower over the past four months, off from recent highs near $59.00. Options traders are buying calls on the name today. The September $55 call was purchased 4,000...
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Schwab Launches New ETFs - Analyst Blog
Monday, August 9, 2010 - 2:42pm | 530Last week, Charles Schwab Corporation (SCHW) announced the launch of three new bond Exchange-Traded Funds (ETFs). This will increase the tally of Schwab’s total ETFs to 11. Previously the company had 8 Equity ETFs. The new bond ETFs are expected to offer coverage to short-term, intermediate-term...
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Leucadia's Profit Declines - Analyst Blog
Monday, August 9, 2010 - 12:51pm | 671Leucadia National Corporation (LUK) reported its financial results for the second quarter of 2010. The company generated a net loss of $244.7 million, or $1.01 per share during the quarter compared with net earnings of $411.0 million, or $1.67 per share in the second quarter of 2009. The decline...
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Stocks Slump But Recover Some Losses 08-06-2010
Friday, August 6, 2010 - 7:22pm | 859Cusick’s Corner The S&P 500 found support above 1100 after this morning’s disappointing jobs report, recovering much of today’s losses due to short covering. This market drop shifted some of today’s trade into Gold and Treasurys -- Gold (GCU10) rose above the psychological $1,200 level and the...
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Jobs Report Disappoints 08-06-2010
Friday, August 6, 2010 - 3:12pm | 864Cusick’s Corner Market participants continue to worry – the latest jobs data was disappointing, the private sector added fewer jobs than expected. The Labor Department’s unemployment number actually came in at 9.5% which is the same as last month’s, but that’s because some discouraged job seekers...
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Oppenheimer Sees Some Bright Spots In Tough Quarter For Fortress (FIG)
Friday, August 6, 2010 - 12:26pm | 218Oppenheimer & Co. said it sees positives in the earnings report released yesterday from private equity firm Fortress Investment Group (NYSE: FIG). There were a multitude of factors that gave hope to Oppenheimer when it looked through Fortress's report. It said the credit funds were largely the...
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Blackstone Buying Pearlridge Center For $242 million (BX)
Friday, August 6, 2010 - 11:27am | 96In an effort to continue expanding its presence in the commercial real estate sector, private equity firm Blackstone (NYSE: BX) and partner Glimcher Realty Trust have apparently teamed up to buy the 1.1-million square-foot Pearlridge Center located in Oahu, Hawaii for $242 million the Wall Street...
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15 under-valued stocks to buy on a pullback
Thursday, August 5, 2010 - 9:41am | 1700Here's another "Reasonable Value" screen run against Tuesday's Trend Leaders list. For those of you who have not see one of my previous "Reasonable Value" posts, here are the criteria for the screen: PE between 0 and16 PEG between 0 and 1.2 Price-to-Sales less than 2 Debt-to-Equity less...
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American Capital Lags Estimates - Analyst Blog
Wednesday, August 4, 2010 - 3:32pm | 748American Capital Ltd’s (ACAS) second quarter operating income of 9 cents per share had fallen short of the Zacks Consensus Estimate by 5 cents. The results were negatively affected due to a rise in debt refinancing costs. Last year, the results were in line with the earnings. Total interest and...
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Insurance Industry Stock Update - Aug. 2010 - Industry Outlook
Wednesday, August 4, 2010 - 10:30am | 1804After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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Insurance Industry Stock Update - Aug. 2010 - Zacks Analyst Interviews
Wednesday, August 4, 2010 - 10:30am | 1804After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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Insurance Industry Stock Update - Aug. 2010 - Industry Outlook
Tuesday, August 3, 2010 - 1:49pm | 1895After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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BNY Mellon Closes BHF Acquisition - Analyst Blog
Tuesday, August 3, 2010 - 1:15pm | 579The Bank of New York Mellon Corp. (BK) said on Monday that it has completed its previously announced acquisition of Germany's BHF Asset Servicing GmbH for EUR253 million (US$330 million). This is a part of BNY Mellon’s initiative to expand its global market share. This acquisition allows the...
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Launch Of Real Estate Alternatives To Further Boost AB’s Flows
Tuesday, August 3, 2010 - 1:06pm | 228Analysts at Citigroup maintain their "buy" rating on AllianceBernstein Holding LP (NYSE: AB), while reducing their estimates for the company. The target price for AB has been reduced from $32 to $30. Citigroup says, “Per management all businesses were positive in flows in June after increasingly...
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KBW Raises Estimates for Ameriprise Financial (AMP)
Tuesday, August 3, 2010 - 9:25am | 97Analysts at KBW have raised estimates following 2Q results from Ameriprise Financial (NYSE: AMP). Jeffrey Schuman, Ryan Krueger, and Nick Seccareccia said, "We are materially raising estimates following AMP's 2Q results and the recent equity market bounce. Margins in the company's advisory and...