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Horizon Bank Fails, Tally Hits 119 - Analyst Blog
Monday, September 13, 2010 - 9:09am | 1017Following a lull in bank failures for the last week of August and the first week of September, U.S. regulators last Friday shuttered Bradenton, Florida-based Horizon Bank, pushing up U.S. bank failures to 119 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in...
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Zacks Bull and Bear of the Day Highlights: Ford Motor Company, Kirkland's, Goldman Sachs Group, Royal Bank of Scotland Group and JPMorgan Chase - Press Releases
Monday, September 13, 2010 - 8:03am | 2124For Immediate Release Chicago, IL – September 13, 2010 – Zacks Equity Research highlights: Ford Motor Company (F) as the Bull of the Day and Kirkland's (KIRK) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Goldman Sachs Group Inc. (GS), Royal Bank of Scotland Group...
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Goldman Fined $27M by UK Authority - Analyst Blog
Friday, September 10, 2010 - 4:36pm | 906Goldman Sachs Group Inc. (GS) has been fined £17.5 million ($27 million) for its failure to comply with the principles of the U.K. Financial Services Authority (FSA). FSA has fined Goldman’s London-based unit Goldman Sachs International for not satisfying UK regulatory reporting obligations....
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Bulls Making Deposit Into Lloyd's (LYG)
Friday, September 10, 2010 - 3:31pm | 184Shares of Lloyds Banking Group plc (NYSE: LYG) are higher on the session by 1.97%, currently trading at $4.65. The stock has been moving largely higher over the past three months, off of a recent low near $3.00. Options traders are betting that the stock moves higher still. The April 2011 $6.00...
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AIG Unit Inks Deal with China Bank - Analyst Blog
Friday, September 10, 2010 - 12:39pm | 1180In a move to strengthen its position in China, American International Assurance Co. (“AIA”), the Asian arm of American International Group Inc. (AIG), signed a bancassurance agreement with Industrial & Commercial Bank of China Ltd. (“ICBC”) to sell its life insurance products at ICBC’s...
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Oil Skyrocketing Today (DIG)
Friday, September 10, 2010 - 11:17am | 219West Texas Intermediate crude is skyrocketing this morning, gaining more than $2 per barrel to trade at $76.27. WTI is starting to catch up to Brent North Sea (BNS) crude, which is just over $77 per barrel. As I wrote last month, WTI always catches up to BNS, and it was just a matter of time when...
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Dubai World Nears Debt Restructuring Agreement
Friday, September 10, 2010 - 11:11am | 205Dubai World, the troubled investment company based out of the United Arab Emirates said that they had reached an agreement with nearly all of their creditors on Friday on a plan to restructure $24.9 billion in debt. The company, owned by the state of Dubai, believes that it should be able to...
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Company News for September 10, 2010 - Corporate Summary
Friday, September 10, 2010 - 10:06am | 911• National Semiconductor (NYSE: NSM) posted fiscal first quarter results of 36 cents a share, one cent below estimates, on revenues of $412 million, below consensus projections of $415 million. The company CEO noted, "In the near term, slower growth in our end markets and distribution channel,...
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Zacks Analyst Blog Highlights: Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp - Press Releases
Friday, September 10, 2010 - 9:15am | 1890For Immediate Release Chicago, IL – September 10, 2010 – Zacks.com Analyst Blog features: Bank of America (BAC), JPMorgan Chase & Co. (JPM), Wells Fargo (WFC), Citigroup (C) and U.S. Bancorp (USB ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros...
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Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, September 10, 2010 - 9:15am | 348Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 99 Cents Only Stores (NDN) BancFirst Corp (BANF) Banco Santander-Chile (SAN) CAI International Inc (CAP) Covenant Transportation Group Inc (CVTI) View the entire Zacks #1 Rank List. BANCFIRST OKLA (BANF): Free Stock...
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Benzinga's Top Upgrades (NOK, RBS, ALL, MCO)
Friday, September 10, 2010 - 8:07am | 148Nokia Corporation (NYSE: NOK) was upgraded by RBC Capital from “sector perform” to "outperform." NOK’s’ shares closed at $9.76 yesterday. Nokia’s 52-week trading range is $8.00-$15.20. Citigroup upgraded Royal Bank of Scotland Group Plc (NYSE: RBS) from "hold" to "buy.” RBS’ shares closed at $14.82...
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Sell European Banks (UBS, BCS, CS, DB, STD)
Thursday, September 9, 2010 - 1:56pm | 332Earlier today, Bloomberg reported that Deutsche Bank (NYSE: DB) is considering a 9 billion Euro equity offering, which has sent the entire stock market to its lowest levels of the session. The article says that the proceeds of the offering could be used to acquire all of Deutsche Postbank AG, which...
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Will Basel III be a Needle-Mover? - Analyst Blog
Thursday, September 9, 2010 - 1:41pm | 1236With aftershocks of the recession still reverberating and a very real double-dip threat on the horizon, regulatory officials from more than two dozen countries have come up with a new set of capital standards known as Basel III for the global banking community on Tuesday. The convention is to adopt...
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Protection Purchased on Comerica (CMA)
Thursday, September 9, 2010 - 11:39am | 224Shares of Comerica Inc. (NYSE: CMA) are higher on the session by 2.19%, currently trading at $37.40. The stock has been moving largely lower over the past five months, but has been attracting bull activity as of late. Note that the stock is now slammed right against the 50-day moving average. This...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, September 9, 2010 - 8:42am | 304Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Albany International Corp (AIN) Altera Corp (ALTR) Banco de Chile (BCH) British Sky Broadcasting Group Plc (BSYBY) CNB Financial Corp (CCNE) View the entire Zacks #1 Rank List. ALBANY INTL A (AIN): Free Stock...