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Jefferies Reiterates Buy on Cash America International, Raises PT to $62
Wednesday, June 15, 2011 - 7:53am | 105Jefferies reiterated its Buy rating on Cash America International (NYSE: CSH). At the same time, Jefferies raised its price target on the company's stock from $52 to $62. In a research report published today, Jefferies states, "We expect industry fundamentals to trump regulatory risk for the under...
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Goldman Sachs Maintains Buy Rating On American Express
Wednesday, June 15, 2011 - 7:43am | 82According to Goldman Sachs, American Express (NYSE: AXP) Buy rating is maintained. Goldman Sachs said that on June 14, AXP announced that it is expanding its capabilities into the pre-paid market, with the launch of a reloadable pre-paid card. “Our 12-month price target remains $59 and is based on...
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Jefferies Raises PT On Cash America To $62
Wednesday, June 15, 2011 - 5:53am | 28Jefferies & Company has raised the price target on Cash America International (NYSE: CSH) from $52 to $62 and maintains its Buy rating.
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Bank of America Merrill Lynch Has Buy On Capital One
Tuesday, June 14, 2011 - 7:38am | 146Bank of America Merrill Lynch has a Buy rating and a $65 price target on shares of Capital One Financial (NYSE: COF). In a note to clients, Bank of America Merrill Lynch writes, "We are raising our Q2'11 and full-year 2011 EPS estimates to $1.81 and $7.35, respectively, to reflect lower credit...
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Keefe Bruyette & Woods Maintains PT, Rating On SLM
Monday, June 13, 2011 - 7:14am | 44Keefe, Bruyette & Woods is maintaining its Market Perform rating and its $17 price target on SLM Corp. (NYSE: SLM) in light of the company's presentation at KBW's Investment Management & Specialty Finance Conference. SLM closed on Friday at $15.75.
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Hagens Berman LLP Announces Class-Action Lawsuit against Capital One
Friday, June 10, 2011 - 12:52pm | 105Hagens Berman today announced that it has filed a lawsuit alleging Capital One (NYSE: COF) misrepresented its “transfer balance” program, resulting in higher-than-expected interest rates for consumers. The case, filed June 9, 2011, in the United States District Court for the Eastern District of...
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American Express Announces New President of U.S. Consumer Services Business
Thursday, June 9, 2011 - 11:00am | 238American Express Company (NYSE: AXP) today announced that Josh Silverman will join American Express in early July as President of the U.S. Consumer Services business, the unit that provides the company's consumer cards and travel services in the U.S. Silverman was most recently Executive in...
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Why Hasn't VIX Moved? Here's My Response 06-08-2011
Wednesday, June 8, 2011 - 6:31pm | 879Cusick's Corner The shorts are in control but traders are still preparing for at least one session run up. If the market does muster some sort of upside stance, while I would not be surprised, I would only use this as an opportunity in the short-term to mend long fences or look at some potential...
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Watching 1250 06-08-2011
Wednesday, June 8, 2011 - 3:06pm | 962Cusick's Corner The market is hovering at the moment, no real change over yesterday's close. Most traders are now watching the 1250 level. Europe was weak overnight and the Euro is dropping, but the headlines are not inspiring much of a trend in the trade so far today, some of the bearish move...
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Calls Purchased on Capital One Financial Corporation
Wednesday, June 8, 2011 - 10:42am | 133Shares of Capital One Financial Corporation (NYSE: COF) are lower on the session by 0.10%, currently trading at $50.11. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A...
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GE, Capital One Reportedly Bid for ING Direct.
Tuesday, June 7, 2011 - 2:13pm | 113General Electric (NYSE: GE) and Capital One Financial (NYSE: COF) are reportedly battling to take over ING Group's U.S. online bank, which has some $81 billion in deposits. According to Bloomberg News, a deal for the Dutch lender's ING Direct USA business could raise about $9 billion and may be...
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Financial Stocks Lead The Decline
Wednesday, June 1, 2011 - 10:24am | 273The major financial institutions have been holding steady over the past week, however, this morning, the large financial stocks are leading the major stock indexes lower. When the major financial stocks decline it will certainly put a lot of pressure on the S&P 500 Index. The financial sector...
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Good looking charts on the long side
Friday, May 27, 2011 - 6:26pm | 1896( click to enlarge ) DISH Network Corp. (NASDAQ:DISH) finally broke out today but the volume was not as high as expected. Meanwhile, the stock closed near the highs of the day on Friday and further upside is expected to be seen next week. ( click to enlarge ) Oncothyreon Inc. (NASDAQ:ONTY...
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UPDATE: Sterne Agee Raises PT on Discover Financial Services to $30
Wednesday, May 25, 2011 - 8:42am | 131Sterne Agee is out with its report today on Discover Financial Services (NYSE: DFS), raising its PT from $27 to $30. In a note to clients, Sterne Agee writes, "DFS is evolving into something that is significantly more durable that just a well-run card lender with deposit funding. Its banking...
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Sterne Agee Raises PT On Discover To $30
Wednesday, May 25, 2011 - 7:37am | 28Sterne Agee has raised the price target on Discover Financial Services (NYSE: DFS) from $27 to $30 and maintains its Buy rating.