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European Banks Are Talking To Us
Monday, September 19, 2011 - 10:53am | 263This morning, all of the leading European financial institutions are selling off sharply to start the day. The European banking crisis seems to be getting worse by the minute. Traders can easily see stocks such as National Bank of Greece (NYSE: NBG), Deutsche Bank AG (NYSE: DB), Credit Suisse Group...
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Market Roundup
Monday, September 19, 2011 - 10:24am | 213Shares of Host Hotels & Resorts Inc (NYSE: HST) fell about 3.3% after the company's board of directors lifted its regular quarterly cash dividend to $0.04 per share, from $0.03 per share. The dividend is payable on October 17, 2011 to stockholders of record on September 30, 2011. Shares of...
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Lloyds Banking Finance Director To Step Down
Monday, September 19, 2011 - 4:35am | 54Lloyds Banking Group PLC (NYSE: LYG) reported that Tim Tookey, group finance director, would step down at the end of February to join insurer Friends Life. Lloyds reported that the company had already begun looking for his successor. LYG shares fell 1.76% to close at $2.23 on Friday.
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How to Profit from Moody's Downgrade of French Banks
Wednesday, September 14, 2011 - 8:54am | 536The markets were dealt another blow on Wednesday when Moody's Investors Service downgraded two of France's biggest banks and placed a third on review. Societe Generale and Credit Agricole were downgraded, while Moody's said that it would take more time to review BNP Paribas. There had been...
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How to Profit from the Greek Threat of Default
Monday, September 12, 2011 - 8:36am | 832As rumors swirled over the weekend that Greece was close to defaulting on its national debt, Greek Prime Minister George Papandreou promised to stick with the austerity measures that are intended to get the country's finances back under control and lower the Greek deficit. Although Prime Minister...
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Notable Call Options Activity in Lloyds Banking Group
Thursday, September 1, 2011 - 11:33am | 100Shares of Lloyds Banking Group (NYSE: LYG) are higher on the session by 3.67%, currently trading at $2.26. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the...
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Benzinga's Top ETF Decliners, August 31st (EDZ, DPK, EPV, FXP)
Wednesday, August 31, 2011 - 7:39pm | 231Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) lost 6.11% today, and it closed at $20.12. Banco Bradesco SA (ADR) (NYSE: BBD) is a component of the MSCI Emerging Markets Index, and it gained 2.41%. Direxion Daily Developed Markets Bear 3x Shares(ETF) (NYSE: DPK) fell 5.21%, and...
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Benzinga's Top ETF Gainers, August 31st (EDC, LBJ, UBR, TMV)
Wednesday, August 31, 2011 - 7:17pm | 190Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) gained 6.05% on Wednesday, and it closed at $24.88. This was the fourth trading session in a row that EDC closed higher. Direxion Daily Latin America 3x (NYSE: LBJ) jumped 5.58% today as Banco Bradesco SA (ADR) (NYSE: BBD) gained 2....
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Notable Put Options Activity in ICICI Bank
Wednesday, August 31, 2011 - 2:22pm | 137Shares of ICICI Bank (NYSE: IBN) are higher on the session by 2.76%, currently trading at $39.13. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the January...
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Earnings Roundup
Wednesday, August 31, 2011 - 9:04am | 1241Joy Global Inc (NASDAQ: JOYG) reported a 46% surge in its fiscal third-quarter profit and raised its forecast for the year. Joy Global's quarterly profit climbed to $173.1 million, or $1.62 per share, from $118.5 million, or $1.13 per share, in the year-ago period. Its sales surged 34% to $1.14...
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Barclays Announces Closing of C$6M Extendible Step-up Deposit Notes Offering
Wednesday, August 31, 2011 - 8:01am | 71Barclays Bank PLC (NYSE: BCS) announced today that it has issued C$6,000,000 principal amount of Extendible Step-up Deposit Notes, Series I-32 with a final maturity date of August 31, 2021 pursuant to an underwriting agreement dated August 26, 2011 between Barclays and Stuart Investment Management...
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UPDATE: CIBC Reports 26% Surge In Q3 Profit, Lifts Dividend
Wednesday, August 31, 2011 - 7:02am | 118Canadian Imperial Bank of Commerce (NYSE: CM) reported a 26% rise in its third-quarter profit and lifted its quarterly dividend for the first time in four years. CIBC's net income for the period climbed to C$808 million, or C$1.89 per share, from C$640 million, or C$1.53 per share, in the year-...
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Top 4 Mid-Cap Stocks In The Money Center Banks Industry With The Highest Operating Margin
Wednesday, August 31, 2011 - 4:52am | 132Below are the top mid-cap money center banks stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at First Republic Bank (NYSE: FRC) is 63.46%. FRC's revenue for the same period is $1.02 billion. The trailing-twelve-month operating margin at...
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Morning Market Losers
Tuesday, August 30, 2011 - 9:54am | 101NuPathe Inc (NASDAQ: PATH) fell 45.42% to $2.21 at 9:50 am. The US Food & Drug Administration rejected NuPathe's experimental migraine patch. Zion Oil & Gas Inc (NASDAQ: ZNWAW) shares lost 31.21% to $1.08. Peoples Educational Holdings Inc (NASDAQ: PEDH) shares dipped 15.09% to $0.90....
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Earnings Roundup
Tuesday, August 30, 2011 - 9:08am | 604Dollar General Corp (NYSE: DG) reported a 3.4% rise in its FQ2 net income rose 3.4% and raised the low end of its earnings forecast for the full year. Dollar General reported its quarterly profit at $146 million, or $0.42 per share, up from $141.2 million, or $0.41 per share, in the year-ago...