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UPDATE: Bank of Nova Scotia Reports Rise In Q3 Profit
Tuesday, August 30, 2011 - 8:11am | 81Bank of Nova Scotia (NYSE: BNS) reported around 22% rise in its quarterly profit on Tuesday. Bank of Nova Scotia reported its Q3 earnings at C$1.29 billion ($1.32 million), or C$1.11 per share, up from C$1.06 billion, or 98 Canadian cents per share, in the year-ago period. On a cash basis, it...
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Earnings Scheduled For August 30
Tuesday, August 30, 2011 - 3:47am | 289Barnes & Noble Inc (NYSE: BKS) is expected to report a FQ1 loss at $0.94 per share. Dollar General Corporation (NYSE: DG) is estimated to report its Q2 EPS at $0.48 on sales of $3.54 billion. The Bank Of Nova Scotia (NYSE: BNS) is projected to report its Q3 EPS at $1.13 on revenue of $4.33...
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Stocks To Watch For August 30
Tuesday, August 30, 2011 - 3:33am | 235Some of the stocks that may grab investor focus today are: Wall Street expects Dollar General Corporation (NYSE: DG) to report its Q2 EPS at $0.48 on sales of $3.54 billion. DG shares surged 2.93% to $34.78 in after-hours trading. Winn-Dixie Stores Inc (NASDAQ: WINN) reported a 48% decline in its...
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The Key To The Stock Market Rally Exposed
Monday, August 29, 2011 - 11:25am | 291The bank stocks have finally started to participate in the market rally. This first started with Warren Buffett investing $5 billion in Bank of America Corp (NYSE: BAC) last week. Logic dictates the President of the United States asked Buffett to give the markets a boost of confidence. In addition...
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Notable Call Options Activity in National Bank of Greece
Monday, August 29, 2011 - 9:56am | 115Shares of National Bank of Greece (NYSE: NBG) are higher on the session by 32.95%, currently trading at $1.11. 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...
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Allied Irish Banks Delists from the NYSE
Friday, August 26, 2011 - 6:57am | 119Following previous announcements on 4 August and 16 August 2011, Allied Irish Banks, p.l.c. (NYSE: AIB) announces that its American Depositary Shares have now been deemed to be delisted and have ceased to be traded on the New York Stock Exchange. Following delisting, AIB intends to terminate the...
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Royal Bank of Canada Reports Rise In Core Profit
Friday, August 26, 2011 - 6:46am | 75Royal Bank of Canada (NYSE: RY) reported about 13% rise in its quarterly profit from continuing operations. The bank reported its quarterly earnings at C$1.57 billion ($1.59 billion), or C$1.04 per share, up from C$1.38 billion, or 92 Canadian cents per share, in the year-ago period. On a net...
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Top 4 Small-Cap Stocks In The Financial Sector With The Highest Cash
Friday, August 26, 2011 - 4:22am | 143Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. Banco Bradesco SA (NYSE: BBD) had $76.65 billion in total cash and $164.34 billion in total debt for the latest quarter. MF Global Holdings Ltd (NYSE: MF) had $31.08 billion in total cash and $20.51 billion...
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Notable Put Options Activity in The Royal Bank of Scotland
Thursday, August 25, 2011 - 1:53pm | 87Shares of The Royal Bank of Scotland (NYSE: RBS) are higher on the session by 2.61%, currently trading at $7.47. 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...
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When All Else Fails, Turn To Warren
Thursday, August 25, 2011 - 9:34am | 724Warren Buffett did it again. Bank of America (NYSE: BAC) announced this morning it would be selling 50,000 preferred shares to Warren Buffett and Berkshire Hathaway (NYSE: BRK-A), worth $5 billion. Buffett, as is his customary deal, will also get warrants to purchase 700 million shares at an...
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Notable Put Options Activity in The Bank of Nova Scotia
Wednesday, August 24, 2011 - 2:59pm | 99Shares of The Bank of Nova Scotia (NYSE: BNS) are higher on the session by 0.67%, currently trading at $52.44. 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...
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Benzinga's Political Round Up, August 24, 2011
Wednesday, August 24, 2011 - 12:00pm | 145Moody's downgraded Japan's credit rating to Aa3 from Aa2, citing "large budget deficits and the build-up in Japanese government debt since the 2009 global recession." Angela Merkel rejected claims that Greece should provide collateral for its bailout. New York AG Eric Schneiderman has been...
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How to Profit from the Downgrade of Japan and Its Banks
Wednesday, August 24, 2011 - 7:43am | 557After a strong opening, Japanese stock prices fell for most of the Wednesday trading session after Moody's Investor Service downgraded Japan's credit rating from Aa2 down to Aa3. Moody's Investor Service said that Japan's disappointing growth rate, large budget deficits and political uncertainty...
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Earnings Roundup
Tuesday, August 23, 2011 - 9:03am | 1170H.J. Heinz Co (NYSE: HNZ) reported a decline in its fiscal first-quarter profit. Heinz's quarterly profit dropped to $226.1 million, or $0.70 per share, from $240.4 million, or $0.76 per share, in the year-earlier period. Its sales climbed to $2.85 billion from $2.48 billion. Excluding special...
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UPDATE: Bank of Montreal Reports Upbeat FQ3 Profit
Tuesday, August 23, 2011 - 8:46am | 76Bank of Montreal (NYSE: BMO) reported upbeat fiscal third-quarter profit. Bank of Montreal's quarterly net income surged to C$793 million, or C$1.27 per share, from C$669 million, or C$1.13 per share, in the year-ago period. On an adjusted basis, Bank of Montreal's earnings came in at C$843...