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Buy National Bank Of Greece (NBG, C, JPM)
Monday, April 26, 2010 - 2:16pm | 404I'm going to be ultra-contrarian here and recommend one bank stock that is so unloved it's been cast out like a leper. The stock I am recommending is the National Bank of Greece (NYSE: NBG). The National Bank of Greece has come under severe selling pressure lately, the kind that we saw in late 2008...
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Bank of America Shines TARP-Tarnished Image (BAC,C,WFC)
Monday, April 26, 2010 - 10:19am | 302CHARLOTTE, N.C. (TheStreet) -- Bank of America(NYSE: BAC), which repaid $45 billion in TARP aid in December, is using a new History Channel miniseries to showcase its role in some of America's biggest milestones. During The Story of U.S., a 12-hour miniseries that debuted Sunday, Bank of America...
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HDFC Bank (HDB) Beats Estimates but Valuation Getting Quite Rich
Monday, April 26, 2010 - 10:18am | 723I don't know how many more times I can write the same things... at what point is beating analysts expectations but being valued at some extreme level a warning sign? Not yet. India's #2 bank, HDFC Bank (HDB) reported (Saturday?) and the results are again good. But as I've written in the last few...
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Fast Money Picks For April 26th (CMA, GS, SI, AAPL)
Friday, April 23, 2010 - 6:32pm | 168CNBC Fast Money's Joe Terranova thinks that it would be wise to short Comerica Incorporated (NYSE: CMA) on Monday. Comerica Incorporated (NYSE: CMA) fell 0.72% today and it closed the trading session at $44.28. Steve Grasso thinks that you should buy Goldman Sachs (NYSE: GS), but if it starts to...
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Market Roundup (MS, C, HLS, UBS, HBC, USB, MRK)
Friday, April 23, 2010 - 2:35pm | 252According to some sources, a troubled Morgan Stanley (NYSE: MS) real estate fund has won a 60-day extension with lenders, including Citigroup (NYSE: C). MS has to pay back about $2.4 billion in loans used in a hotel investment in Japan. UBS (NYSE: UBS) has settled a lawsuit related to a $2.7...
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Shareholders To Oppose Lloyds And RBS Pay Structure (LYG, RBS)
Friday, April 23, 2010 - 2:13pm | 176Lloyds (NYSE: LYG) and Royal Bank of Scotland (NYSE: RBS) are likely to receive flak from their shareholders over their pay structure. Recently Pirc, a leading governance body, has urged shareholders to oppose the banks’ proposed pay plans. Pirc has said that the proposed pay plans are potentially...
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Comerica’s Losses Fall, NIM Expands In Q1
Friday, April 23, 2010 - 2:17am | 158Analysts at Robert W Baird maintain their "neutral" rating on Comerica, Inc (NYSE: CMA). The target price for CMA is set to $35. Comerica’s first quarter losses were lower than the estimates and the consensus. CMA’s “Q1 results were negatively impacted by $123 million in TARP related costs/...
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SanDisk Soars After Earnings Report (SNDK)
Thursday, April 22, 2010 - 3:10pm | 192Last night after the closing bell, SanDisk (NASDAQ: SNDK) released their quarterly earnings numbers. The data solutions company reported non-GAAP EPS of $0.95 compared to Wall Street earnings per share estimates of $0.59. The company also reported $1.1 billion in revenue, which was a record for...
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Stock Market News for April 22, 2010 - Market News
Thursday, April 22, 2010 - 9:30am | 472U.S. stocks ended a choppy session mixed Wednesday as traders appeared less enthusiastic to extend a rally that has put major indexes at multi-month highs. Healthcare shares fell after a number of companies from the sector cut their earnings outlook, saying the U.S. healthcare overhaul will hurt...
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Sectorology
Thursday, April 22, 2010 - 8:06am | 706Yesterday a reader left a comment asking about the dividends from the new PowerShares domestic small cap sector funds. He said he needs more in the way of dividends because he is retired. I gave a quick answer that I want to expand upon today. So it seems from the question that the reader uses ETFs...
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Market Mirroring Goldman Sachs?
Thursday, April 22, 2010 - 8:04am | 634Mention Goldman Sachs (GS) and strong reactions follow. Some respect the ability of the firm to constantly make money in nearly every market environment. Others begin thinking of conspiracy theories and Goldman's many tentacles. Either way, GS is not the typical securities firm and has often been...
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Keefe, Bruyette & Woods Raises Estimates And Price Target For Comerica Incorporated (CMA)
Thursday, April 22, 2010 - 8:04am | 137Analysts Brian Klock and Arran Jacobson at Keefe, Bruyette & Woods have released an update on Comerica Incorporated (NYSE: CMA). The company reported its first-quarter results on Wednesday. Comerica reported strong first-quarter results, which were ahead of analysts’ estimate. The upside was...
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Subpoena To Moody's Triggers Fall In Financials (MS, MCO, WFC, STT, HBAN, KEY, FITB, MI, ZION, CMA)
Thursday, April 22, 2010 - 7:37am | 305Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...
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Subpoena To Moody's Triggers Fall In Financials (MS, MCO, WFC, STT, HBAN, KEY, FITB, MI, ZION, CMA)
Thursday, April 22, 2010 - 7:36am | 305Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...
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Greece Problems Persist
Wednesday, April 21, 2010 - 4:41pm | 127Greek stocks slipped again today as fears remain about the country's ability to remain solvent. Credit spreads are widening and investor sentiment is increasingly pessimistic about Greek stocks. National Bank of Greece (NBG) declined 6.2%, dropping to $3.33. This is significant because National...