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Canada's TD Bank Beats Estimates (TSX:TD)
Thursday, March 4, 2010 - 10:06am | 114Canada’s Toronto-Dominion Bank (TSX: TD) is reporting first-quarter results that beat analyst estimates. TD Bank's net income rose to $1.3 billion in its latest quarter, doubling the $653 million that it earned a year earlier. The bank's diluted earnings were $1.44 per share before adjustments and...
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Top Stocks In the Financial Sector With The Highest Net Income (JPM, BAC, BRK-A, GS, WFC)
Thursday, March 4, 2010 - 9:28am | 251Below are the top financial stocks on the NYSE and NASDAQ in terms of net income. JP Morgan Chase & Co (NYSE: JPM) had net income of $15.37 billion in the most recent quarter. JPM had $640.49 billion in total debt in the same period. Read more about this company here. Bank of America...
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Catalysts For March 4, 2010 (BUD, WRN, WEN, TYPE, STP, TK, CIEN, TD, MENT, MOVE, EVC, SLW, GA, ARST, ALSK, MRVL, COO, URBN)
Thursday, March 4, 2010 - 8:43am | 353Economic Events The following data will be released in the market: * Preliminary data on productivity in Q4. Analysts are expecting productivity growth to remain flat at 6.2%. * Jobless claims for the week ending February 27: Analysts expect jobless claims to decline by 20,000 to 475,000,...
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Gainers And Losers In The Financial Sector On March 3 (GS, MS, BAC, JPM, C, SNV, WFC)
Thursday, March 4, 2010 - 8:11am | 271The financial sector had its share of losers and gainers yesterday. Among the losers was Goldman Sachs (NYSE: GS), which fell 0.65% after Rochdale Securities analyst Dick Bove slashed his 2010 earnings estimates for the company. Bove commented late Tuesday that GS’ first-quarter results may be...
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Mortgage Applications Rise (WFC, HCBK)
Wednesday, March 3, 2010 - 8:35am | 150The Mortgage Banker's Association on Wednesday said mortgage applications rose last week, aided by lower rates. Applications to buy or refinance homes rose 14.6 percent in the week ended February 26. Purchasing applications rose 9 percent while refinancing applications rose 17.2 percent. U.S....
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Top PIIGS Stocks
Wednesday, March 3, 2010 - 3:05am | 769The 'PIGGS' are the European countries that are suffering due to current economic woes. The countries are Portugal, Italy, Ireland, Greece, and Spain, and the crises that is looming is heavy. Recently, there has been much talk about Greece being bailed out by stronger EU countries, but even that is...
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Scotiabank Buys RBS Wholesale Banking Unit (BNS, RBS)
Tuesday, March 2, 2010 - 5:33pm | 148Canada’s third largest bank, Bank of Nova Scotia (NYSE: BNS) has announced the purchase of the wholesale banking unit of RBS (NYSE: RBS) in Colombia. The acquisition is likely to help Scotiabank (BNS) in increasing its presence in Latin American markets. Bank of Nova Scotia is already functional in...
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Banks Raise Pay Despite U.K. Efforts To Curb Bonuses
Tuesday, March 2, 2010 - 3:16pm | 215Bloomberg reports that despite adjurations from the U.K. establishment to exercise restraint and moderation, U.K. banks have still raised compensation. Barclays Capital, the investment-banking unit of Barclays Plc (NYSE: BCS), increased its pay and bonuses per employee by about 93% in 2009. Royal...
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Bookkeeping: Closing Last of Assured Guaranty (AGO); Adding to HDFC Bank (HDB)
Tuesday, March 2, 2010 - 11:03am | 500With so many stocks transforming into great charts the past 1-2 weeks, there is no reason to hold on to some of these laggards. Hence, I am going to punt the last 0.3% allocation of Assured Guaranty (AGO) in the mid $20s area. This will be a 11% loss on the small stake remaining. 60% of the...
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Company News for March 2, 2010 - Corporate Summary
Tuesday, March 2, 2010 - 10:49am | 234• Qualcomm (NASDAQ:QCOM) raised its dividend 12% to 19 cents and announced plans to buy back $3 billion in shares • Fresh Del Monte Produce (NYSE:FDP) beat estimates with fourth quarter earnings of 36 cents a share, two cents above projections, on $872.1 million in revenues, which beat expectations...
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Hong Kong Weak. We were stopped out of $WFMI
Tuesday, March 2, 2010 - 8:42am | 716Overnight Hong was down triple digits.Hong Kong's benchmark Hang Seng Index dropped 0.7% to 20,917.32, dragged lower by HSBC and Hang Seng Bank, although mainland Chinese banks rose to support the market amid expectations that China's People's National Congress may announce a continuation of its...
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Lightning Round: Cramer Prefers Ford, Says CCE, APKT Completely Played Out (CCE, APKT, INSU, F, TM, NBG, CSCO, KMP)
Tuesday, March 2, 2010 - 8:34am | 250In his “Lightning Round,” Jim Cramer said that Coca-Cola Enterprises (NYSE: CCE) and ACME Packet (NASDAQ: APKT) are completely played out and it is time traders search for the next big thing. While CCE’s shares fell 0.20% to $25.55, APKT jumped 3.17% in after hours trading. Cramer finds Insituform...
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HSBC Holding PLC (HBC) Net Profit Rises To $5.83 Billion
Monday, March 1, 2010 - 3:40pm | 109HSBC Holdings PLC (NYSE: HBC), Europe’s largest bank, registered a 2% rise in it’s net profit, on the back of improved operational efficiency and good results from it’s Investment Banking divisions. The company made an after tax profit of $5.83 Billion compared to the $5.73 Billion made last year...
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Canadian Banks Still Pay Juicy Dividends (AXP, JPM, TD, RY)
Monday, March 1, 2010 - 12:49pm | 1110Last Wednesday the markets were comforted by Fed chairman Ben Bernanke’s comments that the US economy is in a nascent recovery that requires interest rates to be kept low. Banks are breathing a sigh of relief that the recent rise in the discount rate will not lead to significant rate increase....
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Benzinga’s Top Pre-Market Losers (GAME, INFN, TASR, HBC, ITRN)
Monday, March 1, 2010 - 9:34am | 289Shanda Games Limited (ADR) (NASDAQ: GAME) decreased 9.07% to $7.52 in the pre-market session. Shanda Games reported a fourth-quarter profit of 415.2 million yuan, or 0.72 yuan a share, from 288.1 million yuan, or 0.72 yuan per share, for the same quarter last year. Analysts had expected GAME to...