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Zacks Analyst Blog Highlights: Wet Seal, Gap, American Eagle Outfitters, Brinker International and Wells Fargo - Press Releases
Thursday, August 12, 2010 - 9:19am | 2222For Immediate Release Chicago, IL – August 12, 2010 – Zacks.com Analyst Blog features: Wet Seal Inc. (WTSLA), Gap Inc. (GAPS), American Eagle Outfitters Inc. (AEO), Brinker International Inc. (EAT) and Wells Fargo & Co. (WFC ). Here are highlights from Wednesday’s Analyst Blog: Wet Seal Sales...
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Molina Prices Stock Offering - Analyst Blog
Wednesday, August 11, 2010 - 3:10pm | 676Molina Healthcare Inc. (MOH) has priced its underwritten public offering of 4 million shares at $27.00 per share. The stock offering was announced on August 4. According to the offering by Molina and the selling stockholders, the underwriters are given a month’s option to purchase up to 600,000...
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Goldman Downgraded to Underperform - Analyst Blog
Wednesday, August 11, 2010 - 9:35am | 1318We have downgraded our recommendation on Goldman Sachs Group Inc. (GS) to Underperform from Neutral following the company’s second quarter earnings release. Our decision is based on the negative impact of the new financial regulatory reform on the company’s business model, its fundamentals and its...
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Wells Fargo Staggers on Regulations - Analyst Blog
Wednesday, August 11, 2010 - 9:17am | 639In a recent second quarter 2010 results filing with the Securities and Exchange Commission, Wells Fargo & Co. (WFC) has reiterated its revenue loss projection based on the implementation of the legislative and regulatory initiatives such as Regulation E amendments and the Credit Card...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, August 10, 2010 - 11:03am | 348Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: 51job, Inc (JOBS) Acadia Realty Trust (AKR) Altera Corp (ALTR) Arbor Realty Trust, Inc (ABR) BBVA Banco Frances SA (BFR) View the entire Zacks #1 Rank List. ARBOR RLTY TRST (ABR): Free Stock Analysis Report ACADIA...
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Company News for August 10, 2010 - Corporate Summary
Tuesday, August 10, 2010 - 9:44am | 654• KKR (NYSE:KKR) withdrew its $500 million stock offering, citing weak market conditions • Credit Suisse (NYSE: CS) downgraded Royal Bank of Scotland (NYSE: RBS) from "outperform" to "neutral" • UBS (NYSE: UBS) upgraded Whole Foods (NASDAQ: WFMI) to "buy" from "neutral," with a price target of $45...
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Benzinga’s Top Downgrades (ADY, RBS, SWSI, ALV)
Tuesday, August 10, 2010 - 6:56am | 158American Dairy Inc (NYSE: ADY) was downgraded by Roth Capital from “buy” to “hold.” ADY’s shares closed at $9.95 yesterday. American Dairy’s quarterly earnings dipped 83.91% y/y. Credit Suisse downgraded Royal Bank of Scotland Group Plc (NYSE: RBS) from "outperform" to "neutral." RBS’ shares closed...
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Credit Suisse Downgrades RBS To Neutral
Tuesday, August 10, 2010 - 5:58am | 44Analysts at Credit Suisse downgrade Royal Bank of Scotland Group Plc (NYSE: RBS) from "outperform" to "neutral." RBS’ shares fell 3.08% to close at $16.06 yesterday. More Analyst Ratings here
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Earnings Still Going Strong - Earnings Trends
Monday, August 9, 2010 - 5:53pm | 5022Key Points: Second quarter earnings season shaping up as a very strong one. So far 86.6% of firms have reported (433). Surprise ratio 4.45 with a 6.19% median surprise. 75.1% of all firms beat expectations. Total net income grows 42.3%. Sales Surprise ratio at 1.71, median surprise 1.07%; 59.4% of...
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GS Spinoff Features Tech Issue - Analyst Blog
Monday, August 9, 2010 - 5:52pm | 731Goldman Sachs Group Inc. (GS) is facing an unanticipated technology problem related to its plan of spinning off part of its proprietary trading business, according to a report on CNBC. A particular computer language called "Slang" was developed for internal usage for GS’ traders which play a key...
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Citi Reiterated At Neutral - Analyst Blog
Monday, August 9, 2010 - 5:52pm | 1201We have reiterated our Neutral rating for Citigroup Inc. (C) following the company’s earnings release. Our decision is based on the company’s fundamentals and the current economic scenario. Second Quarter Performance Citi reported second quarter earnings of 9 cents per share, ahead of the...
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A Chicago Bank Fails, Becomes 109th - Analyst Blog
Monday, August 9, 2010 - 5:51pm | 913U.S. regulators on Friday shuttered Chicago, Illinois-based Ravenswood Bank, pushing up U.S. bank failures to 109 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and only 3 in 2007. Although the economy is showing signs of a gradual recovery with the...
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Stocks Slump But Recover Some Losses 08-06-2010
Friday, August 6, 2010 - 7:22pm | 859Cusick’s Corner The S&P 500 found support above 1100 after this morning’s disappointing jobs report, recovering much of today’s losses due to short covering. This market drop shifted some of today’s trade into Gold and Treasurys -- Gold (GCU10) rose above the psychological $1,200 level and the...
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BofA Shines on Low-Income Lending - Analyst Blog
Friday, August 6, 2010 - 5:05pm | 628Bank of America Corp. (BAC) said on Thursday that it has gained an “outstanding” rating from the Office of Comptroller of the Currency for fulfilling or going beyond the requirements of affordable housing, small business lending and many other areas of underserved communities. The latest rating...
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News Summary (AIG, RIMM, RBS)
Friday, August 6, 2010 - 10:31am | 205AIG (NYSE: AIG) is one of the few financial stocks that have gained in early trade. The company has reported better-than-anticipated results for the second quarter and commented that it has initiated talks to exit from government aid. "We have commenced discussions with the U.S. government on the...