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Financials Rallying Today (BAC, JPM, WFC, XLF)
Wednesday, September 1, 2010 - 10:44am | 177Major U.S. financial stocks are rallying today on better-than-expected economic data and bargain hunting. A strong reading on U.S. manufacturing and a report from ADP showing planned layoffs hit their lowest level in 10 years are helping the financial sector in early trading today. Bank of America...
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What Comes After Big Banks Hit 52-Week Lows
Wednesday, September 1, 2010 - 7:43am | 176It'd be irresponsible to suggest the U.S. is staring down the barrel of a second credit crisis. The three-month LIBOR rate has dropped to 0.031% from a peak this year of 0.055% in less than two months, suggesting banks are loaning to one another and credit may be easing. With that noted, three of...
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Berkshire, Allstate Eye RBS Insurance - Analyst Blog
Wednesday, September 1, 2010 - 5:15am | 629Yesterday, the Sunday Times reported that Warren Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc. (BRK.A, BRK.B) is lining up along with American insurer Allstate Corp. (ALL) to buy insurance units Churchill and Direct Line of Royal Bank of Scotland (RBS). The UK...
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The Politics of the Small Biz Bill - Analyst Blog
Tuesday, August 31, 2010 - 1:33pm | 620In an effort to boost lending to small businesses to create more jobs in the challenged economy, Democrats in Congress have been pushing hard a small business stimulus bill, which includes a $30 billion credit to community banks that lend to local businesses, along with $12 billion in tax breaks....
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Financial Stocks Find Traction
Tuesday, August 31, 2010 - 12:32pm | 165The financial stocks like Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC) are getting a bid today and helping the markets stay positive. These financial stocks are a major key to the whether or not the market can stay up and not...
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Goldman Sachs: BAP Reports Solid Q2 Earnings And Growth
Tuesday, August 31, 2010 - 9:05am | 195Analysts at Goldman Sachs reiterate their "neutral" rating on Credicorp (NYSE: BAP), while raising their estimates for the company. The target price for BAP is set to $110.70. According to Goldman Sachs, “Credicorp reported 2Q2010 EPS of R$1.80, up 11.1% qoq but 1.7% below our forecast. Earnings...
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Zacks Analyst Blog Highlights: Barclays, American International Group, Morgan Stanley, Bank of America and Citigroup - Press Releases
Tuesday, August 31, 2010 - 9:03am | 1506For Immediate Release Chicago, IL – August 31, 2010 – Zacks.com Analyst Blog features: Barclays (BCS), American International Group (AIG), Morgan Stanley (MS), Bank of America (BAC ) and Citigroup (C). Here are highlights from Monday’s Analyst Blog: Another Recession Ahead? Are we heading into...
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Financial Stocks Continue to Struggle - Voice of the People
Tuesday, August 31, 2010 - 6:21am | 716Zacks' Voice of the People Highlights user inthemoneystocks: "Financial Stocks Continue to Struggle" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Financial Stocks Continue to Struggle This morning the large major financial...
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Comerica Reaffirmed at Neutral - Analyst Blog
Monday, August 30, 2010 - 6:21pm | 824We have reaffirmed our Neutral recommendation on the shares of Comerica Inc. (CMA) following the company’s earnings release, quarterly filing and the regulatory moves. The reaffirmation is based on the company’s fundamentals, growth opportunities, credit environment and challenges in a post...
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Benzinga's Top ETF Decliners (SOXL, TNA, TMV, FAS)
Monday, August 30, 2010 - 5:05pm | 172Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) lost 7.23% today, and closed at $23.08. In the semiconductor space, Advanced Micro Devices, Inc. (NYSE: AMD) fell 4.93%, and Novellus Systems, Inc. (NASDAQ: NVLS) fell 3.57%. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded...
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Benzinga's Top ETF Gainers (SOXS, TZA, FAZ, BZQ)
Monday, August 30, 2010 - 4:53pm | 228Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) led the gainers among the ETFs today, as semiconductor stocks continued to lose ground. Intel (NASDAQ: INTC) fell 2.23% to $17.96, while Advanced Micro Devices, Inc. (NYSE: AMD) dropped 4.93% and closed at $5.78. Direxion Small Cap Bear 3X...
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Dow Plunges 140 Points On Economic Fears (DJIA, BAC, WFC, JPM, SPX, HPQ)
Monday, August 30, 2010 - 4:11pm | 177The Dow Jones Industrial Average (DJIA) today plunged 140 points, or 1.39%, to 10,009 as investors remained cautious ahead of key economic reports this week. Bank of America (NYSE: BAC) led the Dow lower, declining 2.69% to a fresh 52-week low. Shares closed at $12.32. Wells Fargo (NYSE: WFC)...
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Financial Stocks Continue To Struggle
Monday, August 30, 2010 - 10:56am | 368This morning the large major financial institutions continue to struggle. Recently all the financial stocks have traded down towards or at new lows for the year and today the weakness remains. Stocks such as Bank of America Corp (NYSE: BAC), J.P. Morgan Chase & Co (NYSE: JPM), and Wells Fargo...
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Sunday Morning Coffee
Sunday, August 29, 2010 - 8:38am | 1050I wanted to carry the dividends idea forward a little bit. There are some enormous dividends out there to be had. What I thought I would do is construct a portfolio where for each sector there is one very high yielding stock and one ETF. For compliance reasons I need to shy away from specific...
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Buffett Gets 20% of Munger's Wesco - Analyst Blog
Friday, August 27, 2010 - 5:03pm | 763Yesterday, Waren Buffett, the chairman and CEO of Berkshire Hathaway Inc. (BRK.A, BRK.B) announced its intention to buy 20% of Wesco Financial Corp. (WSC), a company run and controlled by Charles T. Munger. Following approval by shareholders’ of both the companies, the Wesco deal will be...