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Fannie and Freddie Lose Billions - Analyst Blog
Friday, August 27, 2010 - 2:09pm | 830According to a report published by Federal Housing Finance Agency (“FHFA”) on Thursday, government-backed mortgage finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) lost $226 billion in capital in the last three years. As these two mortgage finance companies have absorbed $148 billion in...
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Dell and HP Bidding War Continues - Analyst Blog
Friday, August 27, 2010 - 1:06pm | 990The bidding battle between tech giants, Dell Inc. (DELL) and Hewlett-Packard & Co. (HPQ) to acquire 3PAR Inc. (PAR) is likely to stretch longer than expected. The tug-of-war between the tech titans is raising value for the shareholders of 3PAR, which has not been making much profit lately. The...
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Big Banks Look More Like Utilities Every Day
Friday, August 27, 2010 - 9:59am | 377(TheStreet) -- Not that long ago, big banks were said to be run like "casinos," but the comparison is losing steam. Regulatory crackdowns are making financial firms look more like heavily-regulated utilities every day. The government has done a sharp 180-degree turn from lax regulatory practices of...
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Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and USB Bancorp - Press Releases
Friday, August 27, 2010 - 8:03am | 1296For Immediate Release Chicago, IL – August 27, 2010 – Zacks.com Analyst Blog features: JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Wells Fargo & Co. (WFCA), Citigroup Inc. (C) and USB Bancorp (USB ). Here are highlights from Thursday’s Analyst Blog: Chase Tops 900,000...
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Huntington Reiterated at Neutral - Analyst Blog
Thursday, August 26, 2010 - 3:40pm | 850We are reiterating our Neutral recommendation on Huntington Bancshares Inc. (HBAN) following the company’s earnings release. The reaffirmation is based on the company’s business model, strategic initiatives, credit environment, opportunities and challenges. Second Quarter Performance ...
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Barclays Cuts Oil Price Forecasts (USO)
Thursday, August 26, 2010 - 3:22pm | 197Barclays Capital (NYSE: BCS) cut its oil price forecasts for this year and 2011 Thursday, citing economic recovery concerns. The United States Oil Fund ETF (NYSE: USO) is up 0.8% this afternoon, to $32.64. Barclays cut its 2010 price forecast by $4, to $78 a barrel, and cut its 2011 forecast by $7...
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Chase Tops 900,000 Modifications - Analyst Blog
Thursday, August 26, 2010 - 2:04pm | 731JPMorgan Chase & Co.’s (JPM) U.S. consumer and commercial banking arm Chase said on Wednesday that it has offered more than 900,000 mortgage modifications since the beginning of 2009. Chase continues to proceed swiftly with its extensive and incessant use of the federal Home Affordable...
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Financial Stocks Look Solid
Thursday, August 26, 2010 - 12:25pm | 295The financial stocks have been under a ton of pressure of late but just in the last few days look to be turning higher. While this move higher may be short lived, it is none the less a positive sign. This bounce may last until after the Labor Day holiday in early September if the double bottom on...
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Financials (XLF) Are Looking Cheap Again
Thursday, August 26, 2010 - 11:43am | 119Financial stocks have gotten back into buy territory again. They have been beaten down badly by the market drop. Many of the country’s largest banks are trading much cheaper than they were just a month ago. Bank of America (BAC) is trading at $12 per share which is conservatively 6 times earnings....
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Wells Fargo, Charles Schwab: Financial Winners & Losers
Thursday, August 26, 2010 - 11:23am | 215NEW YORK (TheStreet) -- Bank stocks were in the black for the most part on Thursday, boosted by better than expected economic data. The Financial Select SPDR (NYSE: XLF) was rising modestly mid-morning, up 0.9% to $13.67. The big four money center banks were all chugging higher led by Wells Fargo (...
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How To Play The Spread In Brent and West Texas Oil (USO, UCO)
Thursday, August 26, 2010 - 10:12am | 517Investors should pay attention to the spread in the two types of oil traded. It's very profitable if you know how to trade it. There are two types of oil traded around the world. West Texas Intermediate (WTI) and Brent North Sea (BNS) crude. WTI is the most commonly referred to oil here in the...
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Zacks Analyst Blog Highlights: American International Group, Morgan Stanley, Bank of America, JPMorgan Chase and Wells Fargo - Press Releases
Thursday, August 26, 2010 - 8:04am | 1160For Immediate Release Chicago, IL – August 26, 2010 – Zacks.com Analyst Blog features: American International Group (AIG), Morgan Stanley (MS), Bank of America (BAC), JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC ). Here are highlights from Wednesday’s Analyst Blog: Could Investors Shake...
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Aetna Issues $750M in Notes - Analyst Blog
Wednesday, August 25, 2010 - 6:46pm | 491Aetna Inc. (AET), one of leading U.S. health care providers, yesterday announced the offering of 10-year notes amounting to $750 million. The size of the issue was originally $500 million. The proceeds from the issue will be used to retire commercial paper and for general corporate purpose. Aetna...
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Financial Stock Round-Up (WFC, BAC, JPM, C, GS, MS, XLF)
Wednesday, August 25, 2010 - 2:51pm | 168The Financial Select Sector SPDR ETF (NYSE: XLF) is flirting with positive territory with a little more than an hour left in the trading day. Currently, the XLF is up 0.04% to $13.52. Here are how some other widely owned financial names are faring on Wednesday. Most of the large names are negative...
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Put Volume Surges on Bank of Nova Scotia (BNS)
Tuesday, August 24, 2010 - 12:25pm | 183Shares of The Bank of Nova Scotia (NYSE: BNS) are lower on the session by 2.79%, currently trading at $47.03. The stock has been moving largely lower over the past five months in a downward trending channel; the stock is currently trading below the 50-day moving average. Options traders are buying...