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RBS Fined $8.9M by U.K. FSA - Analyst Blog
Friday, August 6, 2010 - 9:47am | 549Royal Bank of Scotland Group plc (RBS) has been fined £5.6 million ($8.9 million) by the U.K. Financial Services Authority (FSA). The fine follows the company’s failure to possess adequate systems and controls for preventing the violation of the U.K. financial sanctions. However, as the claims are...
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Benzinga’s Top Downgrades (UL, VIA, BCS, SWCEY)
Friday, August 6, 2010 - 6:46am | 142Unilever plc (NYSE: UL) was downgraded by UBS from "buy" to "neutral." UL’s shares closed at $27.91 yesterday. Unilever’s earnings may fall by 32.59% this year. Janney Montgomery Scott downgraded Viacom Inc (NYSE: VIA) from "buy" to "neutral." VIA’s shares closed at $38 yesterday. Viacom’s 52-week...
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UBS Downs BCS To Neutral
Friday, August 6, 2010 - 6:17am | 39Analysts at UBS downgrade Barclays Plc (NYSE: BCS) from "buy" to "neutral." BCS’ shares fell 4.19% to close at $20.80 yesterday. More Analyst Ratings here
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Royal Bank Of Scotland Posts Q2 Profit
Friday, August 6, 2010 - 5:19am | 119Royal Bank of Scotland (NYSE: RBS), partially owned by the British government, posted a second-quarter profit of $409 million, but that was due mainly to one-time gains. The bank said it set aside more money for bad loans in the quarter. RBS had a loss in the second quarter of 2009. The British...
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Top India Stocks
Friday, August 6, 2010 - 1:08am | 589Many investors consider India to be the most secure of the three Asian BRIC countries, safer than Russia or China [Brazil is the fourth BRIC country]. Fortunately, there are plenty of India stocks that trade in the United States; WallStreetNewsNetwork.com turned up a list of over 15 stocks of India...
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GS May Divest Proprietary Trading - Analyst Blog
Thursday, August 5, 2010 - 1:53pm | 756Goldman Sachs Group Inc. (GS) is planning to spin off some or all of its proprietary trading businesses this month in order to abide by new regulations, according to a report on CNBC yesterday. The decision to spin off the proprietary trading businesses followed the regulatory reform bill that...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, August 5, 2010 - 8:53am | 310Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Alliance Fiber Optic Products, Inc (AFOP) American Physicians Service Group Inc (AMPH) AMETEK, Inc (AME) AptarGroup, Inc (ATR) BBVA Banco Frances SA (BFR) View the entire Zacks #1 Rank List. AMETEK INC (AME): Free...
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Barclays First Half Profit Jumps
Thursday, August 5, 2010 - 4:33am | 120Barclays (NYSE: BCS), England's third-largest bank, said its first half profit rose to $3.9 billion from $3 billion a year earlier, helped by a decline in provisions to cover bad loans. Analysts were expecting a profit $3.6 billion. Barclays Capital, the bank's investment banking and capital...
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Big Banks Not Participating In Today's Move (WFC, BAC, C)
Wednesday, August 4, 2010 - 3:30pm | 93With around a half an hour left in Wednesday's trading session, the Dow Jones Industrial Average has gained 54 points to 10,690. Some large banking institutions are not participating in today's rally, however. Shares of Bank of America (NYSE: BAC) have fallen 1.22% to $14.16. Year-to-date, BAC has...
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The Dog That Didn't Bark? - Earnings Trends
Wednesday, August 4, 2010 - 10:32am | 5015Key Points: Second quarter earnings season shaping up as a very strong one. So far 66.6% of firms reporting (333). Surprise ratio 4.63 with a 6.12% median surprise. Total net income grows 44.4%. Sales Surprise ratio at 1.83, median surprise 1.17%; 60% of all firms do better than expected on top...
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Santander on Acquisition Spree - Analyst Blog
Wednesday, August 4, 2010 - 10:25am | 688Spain’s Banco Santander SA (STD) is on an acquisition spree. According to a report in Financial Times, the company has a number of acquisitions lined up in both the U.S. and the U.K. The Spanish banking giant is set to acquire 318 branches from the Royal Bank of Scotland Group plc (RBS) in the U...
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US Stock Futures Turn Positive On Favorable ADP Data
Wednesday, August 4, 2010 - 9:46am | 154US stock futures have moved to the positive territory today after the ADP data showed that the US private-sector employment increased in July. While futures on the Dow Jones Industrial Average climbed 32 points to 10,626, those on the S&P 500 gained 1.80 points to 1,120. Meanwhile, Nasdaq 100...
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US Stock Futures Indicate Weak Opening
Wednesday, August 4, 2010 - 8:17am | 315US stock futures fell today as worries regarding the recovery in the US economy made investors jittery. While futures on the Dow Jones Industrial Average slipped 38 points to 10556, those on the S&P 500 moved down 5.10 points to 1113.20. Meanwhile, Nasdaq 100 futures shed 8.25 points to 1884.70...
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CLSA Upgrades HBC To Outperform
Wednesday, August 4, 2010 - 7:47am | 41Analysts at CLSA upgrade HSBC Holdings Plc (NYSE: HBC) from "underperform" to "outperform." HBC’s shares lost 0.82% to close at $53.30 yesterday. More Analyst Ratings here
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Benzinga's Top ETF Gainers (SMN, FAZ, SSG, UCO)
Tuesday, August 3, 2010 - 4:16pm | 238ProShares UltraShort Basic Materials (ETF) (NYSE: SMN) gained 3.09% on Tuesday, as Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and The Dow Chemical Company (NYSE: DOW) struggled. Freeport-McMoRan (FCX) fell 1.04% today, while Dow Chemical (DOW) slipped 9.99%. Direxion Daily Finan. Bear 3X...