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Benzinga's Top Financial Movers (CIT, COF, FBCM, TROW)
Friday, October 23, 2009 - 10:13am | 161CIT Group Inc. (NYSE: CIT) is looking strong today and moved up 8% in early morning trade and now trades at 1.21on high volume after The Wall Street Journal reported that the CIT has reached a tentative agreement with Goldman Sachs, easing the terms of a disputed loan and smoothing the way for CIT...
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Benzinga's Top 5 Pre-Market Gainers (AMZN, MSFT, SYNA, COF, BUCY)
Friday, October 23, 2009 - 9:32am | 126Benzinga's top 5 pre-market gainers are plenty of four letter symbols. The top 5 pre-market gainers include: Amazon.com (Nasdaq: AMZN) up 17%, Microsoft (Nasdaq: MSFT) up 10%, Synaptics Incorporated (Nasdaq: SYNA) rising 9.7%, Capital One (NYSE: COF) up 9.3% and Bucyrus International Inc. (Nasdaq:...
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American Express (AXP) Reports Q3 Earnings $0.54 Per Share
Friday, October 23, 2009 - 4:14am | 68American Express Company (NYSE: AXP) announced third-quarter income from continuing operations of $642M, down 25 percent from $861M a year ago. Diluted earnings per share from continuing operations were $0.54, down 27 percent from $0.74 a year ago. The company's return on average equity (ROE) was...
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ETFs For American Express Earnings
Thursday, October 22, 2009 - 5:53pm | 134American Express (NYSE: AXP) posted 3Q earnings of $640M or 53 cents per share, beating analyst estimates of 40 cents a share and that has the ETF professor looking at several financial ETFs that may see some increased action on Friday. Obviously, the Financial Select SPDR (NYSE: XLF), where...
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American Express (AXP) Posts Lower Profits, But Beats Expectations
Thursday, October 22, 2009 - 5:33pm | 73American Express (NYSE: AXP) posted 3Q earnings of $640M or 53 cents per share. They did much better last year with $815M or 70 cents per share earned. Analysts expected earnings of 40 cents per share. Revenue was also weaker than last year's. They declared $6.02B in comparison to $7.16B made last...
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Capital One (COF) Posts Great Results
Thursday, October 22, 2009 - 4:37pm | 38Capital One (NYSE: COF) reports Q3 EPS of $0.94 versus Street view of $0.80. COF reports Q3 revenues of $4.6B versus Street view of $4.11B. Capital One (COF) surged approximately 8%.
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American Express (AXP) Beats Q3 View By 6c
Thursday, October 22, 2009 - 4:16pm | 31American Express (NYSE: AXP) reports Q3 EPS 44c vs 38c. AXP rev $6.01B vs $5.92B. AXP tier-one risk based capital ratio wsa 9.7% at end of Q3.
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Today’s Earnings Preview (COF, CELG, GR, HSY, KMB, T)
Thursday, October 22, 2009 - 5:46am | 170Capital One Financial Corp. (NYSE: COF) is estimated to post a third-quarter profit of 13 cents a share, according to analysts surveyed by Thomson Reuters. Celgene Corporation (NASDAQ: CELG) is projected to report a profit of 54 cents a share in the third quarter, according to analysts surveyed by...
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5 Stocks with Lowest P/B ratio and PEG (CIT, ADVNB, RAS)
Thursday, October 22, 2009 - 12:18am | 190Below are interesting stocks on the NASDAQ and the NYSE with the lowest P/B ratio. CIT Group Inc (NYSE: CIT) has a price to book ratio of 0.152. The sales growth estimate for this quarter is 96.3%. CIT shares have declined by 68.27% over the past 52 weeks. Advanta Corp (NASDAQ: ADVNB) has a price...
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Financial stocks in Focus (MS, WFC, USB, SLM)
Wednesday, October 21, 2009 - 10:18am | 219Morgan Stanley (NYSE: MS) rallied 5.84% to $34.42 after it reported income for the third quarter ended September 30, 2009 of $757 million, or $0.38 per diluted share, compared with a loss of $159 million, or $1.37 per diluted share for the second quarter. Investment banking helped beat street...
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Stocks to Watch (DSCM, RX, SNDK, SLM, YHOO)
Wednesday, October 21, 2009 - 4:27am | 181drugstore.com, inc. (NASDAQ: DSCM) jumped up 9.40% to $2.91 in post market after it said fourth-quarter sales will be at least $107 million, topping the average estimate of $100.4 million by two analysts in a Bloomberg survey. IMS Health, Inc. (NYSE: RX) climbed after the provider of prescription...
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Bookkeeping: Closing Capital One Financial (COF) Short
Tuesday, September 29, 2009 - 2:40pm | 571I am still eyeing that gap at $24 in Capital One (COF) but at this point it appears it will take an act of God to get the stock market down ;) I am going to scurry off with my 16% loss on the last 1.1% of this position (suffered similar losses on other parts of the position along the way). If...
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Credit Card Companies Down Today Amid Regulation Concerns (COF, V, DFS)
Tuesday, September 29, 2009 - 2:19pm | 91Credit card companies including Capital One Financial (NYSE: COF), Visa, Inc (NYSE: V), and Discover Financial Services (NYSE: DFS) are all down today after the FED proposed changes to the "Truth in Lending Act". These changes include prohibiting 1st year rate hikes, limiting card issuance to...
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Discover Financial (DFS) - Quite Solid Results All Things Considered
Thursday, September 17, 2009 - 11:16am | 1056I have a long Discover Financial (DFS) position married against a short Capital One (COF) position; but in this day and age such hedging strategies are moot points. Every stock in a sector goes up (or more rarely nowadays, down) as based on HFT algorithms. Differentiating between companies...
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YouTube: Debtors Revolt Begins Now; Barney Frank Flummoxed by the Oligarchs
Thursday, September 17, 2009 - 9:00am | 1269I recounted this weekend how I've suddenly had in the past 60-90 days more surges in interest rates than the previous 20 years combined. I wondered if this was because I lived in 1 state recession and I was being targeted by zip code but I guessed from some of my reading this was quite widespread...