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Wells Fargo Outlines (Some) Reform Costs
Thursday, July 22, 2010 - 7:06am | 328SAN FRANCISCO (TheStreet) -- Wells Fargo (NYSE: WFC) management outlined the impact of some reform measures on Wednesday, but only those that will have relatively little impact. On a conference call Wednesday, CFO Howard Atkins said a change to overdraft-fee practices, known as "Reg E," will hit...
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Benzinga’s Top Upgrades (CNQR, ATMI, MDIUY, WFC)
Thursday, July 22, 2010 - 6:37am | 146Concur Technologies Inc (NASDAQ: CNQR) was upgraded by Jefferies from "hold" to "buy." CNQR’ shares closed at $45.82 yesterday. Concur Technologies’ trailing-twelve-month gross margin is 69.91%. Citigroup upgraded ATMI Inc (NASDAQ: ATMI) from "sell" to "hold." ATMI’s shares closed at $14.81...
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FBR Capital Upgrades WFC To Outperform
Thursday, July 22, 2010 - 6:18am | 52Analysts at FBR Capital upgrade Wells Fargo & Company (NYSE: WFC) from "market perform" to "outperform." The target price for WFC is set to $31. WFC’s shares moved up 0.58% to close at $26.06 yesterday. More Analyst Ratings here
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Benzinga's Top ETF Gainers (DRV, TZA, DPK, FAZ)
Wednesday, July 21, 2010 - 4:36pm | 233Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) gained 5.71% and closed at $34.79 on Wednesday. In the space, Simon Property Group, Inc (NYSE: SPG) fell 2.39%, and Vornado Realty Trust (NYSE: VNO) dropped 2.06%. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) closed higher today, after...
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Market Waiting on Bernanke Talk 07-21-2010
Wednesday, July 21, 2010 - 3:26pm | 845Cusick’s Corner Financials are leading the way with positive results from Wells Fargo (WFC) and Morgan Stanley (MS), where both signaled that their trading and credit risks have diminished considerably. This has the market in a tight choppy range into the Midday and with the Fed Chief talking this...
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Aircastle Flying Higher (AYR)
Wednesday, July 21, 2010 - 1:03pm | 139With the resurgence of the aircraft leasing business coming back from the dead, you may want to take a look at shares of Aircastle (NYSE: AYR). Aircastle Limited, through its subsidiaries, engages in the acquisition, lease, and sale of high-utility commercial jet aircraft to passenger and cargo...
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Markets Gap Higher, Than Fall Back To 200 Moving Average
Wednesday, July 21, 2010 - 12:03pm | 235After a monster reversal day yesterday, the markets are hovering just slightly lower on the day. It is key to understand that markets and realize they are just like a long distance sprinter. The markets ran a huge marathon yesterday, today they need a rest day. The SPDR S&P 500 ETF (NYSE: SPY...
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A Peek Into The Market Before The Trading Starts
Wednesday, July 21, 2010 - 9:29am | 447Pre-open movers US stock futures moved up today as investor confidence got a boost from better-than-estimated profits at Morgan Stanley (NYSE: MS) and Wells Fargo & Co (NYSE: WFC). While futures on the Standard & Poor’s 500 Index added 0.4% to 1,084.5 at 8:06 a.m. in New York, those on the...
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US Stock Futures Move Up After Banks Posts Higher-Than-Expected Profits
Wednesday, July 21, 2010 - 9:13am | 192US stock futures moved up today as investor confidence got a boost from better-than-estimated profits at Morgan Stanley (NYSE: MS) and Wells Fargo & Co (NYSE: WFC). While futures on the Standard & Poor’s 500 Index added 0.4% to 1,084.5 at 8:06 a.m. in New York, those on the Dow Jones...
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Wells Fargo’s Q2 EPS Exceeds Consensus; Revenue Misses The Target
Wednesday, July 21, 2010 - 8:27am | 44Wells Fargo & Co (NYSE: WFC) reports its second-quarter net income at $3.06 billion, or $0.55 a share, as compared to the consensus estimates of $0.48 a share. WFC reports revenue of $21.39 billion, barely missing the Street view of 21.40 billion.
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Wells Fargo Beats On Bottom Line (WFC)
Wednesday, July 21, 2010 - 8:07am | 39Wells Fargo (NYSE: WFC) reports Q2 EPS $0.55 vs consensus of $0.48. Wells Fargo reports Q2 revenue $21.4 billion vs consensus of $21.4 billion. Wells Fargo is trading at $26.70, up 79 cents in pre market trading.
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US Bancorp Posts 63% Jump In Q2 Profit
Wednesday, July 21, 2010 - 7:36am | 131US Bancorp (NYSE: USB), the fifth-biggest US bank, posted a 63% jump in its second-quarter profit, driven by a rise in income from lending and fee-generating businesses. The Minneapolis-based company said that its net income for the quarter came in at $766 million, or $0.45 a share, up from $471...
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US Bancorp's Q2 Results Beat Consensus
Wednesday, July 21, 2010 - 7:26am | 52US Bancorp (NYSE: USB) reported its Q2 EPS at $0.40, ex-items, as compared to the consensus expectations of $0.38. USB reported its Q2 revenue at $4.52 billion, versus the consensus of $4.35 billion. Read more from Benzinga's Company news.
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Trading Plan for July 21, 2010
Wednesday, July 21, 2010 - 7:24am | 394Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), SCHN (44.33), NSIT (14.79) BIAS: 106% Short Economic...
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Stop Trading: Jim Cramer Finds Goldman A Good Buy
Wednesday, July 21, 2010 - 7:19am | 173In his “Stop Trading!” segment on CNBC, Jim Cramer stressed that Goldman Sachs (NYSE: GS), which reported its second-quarter earnings at $2.75 a share on Tuesday, is a buy. Jim said that the fact that GS earned $2.75 per share, when both the US government and British were targeting it, spoke...