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Company News for February 9, 2010 - Corporate Summary
Tuesday, February 9, 2010 - 10:16am | 206• Biogen Idec (NASDAQ:BIIB) posted better-than-estimated fourth quarter results of $1.20, beating Zacks estimates of $1.05, on inline revenues of $1.1 billion. The company said it sees full year earnings of $4.50 a share • International Flavors and Fragrances (NYSE:IFF) reported fourth quarter...
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Benzinga's Top ETF Decliners (FAS, GDX, URE, TAN)
Monday, February 8, 2010 - 4:34pm | 260Wells Fargo & Company (NYSE: WFC) and Bank of America (NYSE: BAC) are trading more than 3% down today, which has hurt Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS). FAS dropped 4.4% so far and has a volume of 28.77M traded shares. Market Vectors Gold Miners (ETF) (NYSE: GDX) lost 3.4...
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Top Performing Industries For February 8 (HAS, LEAP, CVS, PMC, BCH, SPF, PHA)
Monday, February 8, 2010 - 3:01pm | 393Stocks have been trading unpredictably over the past four weeks as investors are on the lookout for signs of stability in the global economic recovery. Over the past couple of weeks, concerns surrounding the unmanageable level of debt for Greece, Spain and Portugal and China’s decision to take...
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Don’t Expect Dividends From Banking Sector: Analyst Tells CNBC (BNS, MCD)
Friday, February 5, 2010 - 10:23am | 138Major corporations including Time Warner (NYSE: TWX) and Pitney Bowes (NYSE: PBI) have increased their dividends. Talking with CNBC, Matt McCormick, banking analyst and portfolio manager with Bahl & Gaynor Investments Counsel, opined that the banking sector is unlikely to follow suit....
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Banco Santander Q4 Profit Rises 13%
Thursday, February 4, 2010 - 6:15am | 106Banco Santander (NYSE: STD), the Euro Zone's largest bank, said its fourth-quarter profit rose 13% helped by the performance of the bank's Brazil and U.K. operations. The bank earned $3 billion in the quarter, beating analyst estimates. Loan-loss provisions rose 18% from the year earlier period,...
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Yahoo! Inc. (YHOO) Maintains 1-Overweight Rating
Wednesday, February 3, 2010 - 3:50pm | 114Analyst Douglas Anmuth at Barclays Capital (ADR) (NYSE: BCS) has maintained a 1-Overweight rating for Yahoo! Inc. (NASDAQ: YHOO). Yahoo has made changes in its core search, which Barclays believes could provide greater control and transparency to advertisers. According to Barclays, the change...
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BofA Opens Barclays On Buy
Wednesday, February 3, 2010 - 10:02am | 28BofA/Merrill initiated coverage of Barclays (NYSE: BCS) with a “buy” rating. BCS’ shares have gained 1.93% to $18.97 in pre-market trading.
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Banco Bradesco SA (BBD) Upgraded by Morgan Stanley on Earnings Outlook
Tuesday, February 2, 2010 - 2:31pm | 77Banco Bradesco SA (NYSE: BBD) has been upgraded by Morgan Stanley Research. The Brazilian bank is now considered to be an 'equal weight' stock. The report published this morning notes "Following a difficult 2009, we think bank earnings are set to accelerate this year as the Brazilian economy picks...
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Comerica (CMA) Shows Core Deposit Growth In 2009
Tuesday, February 2, 2010 - 10:17am | 104Comerica (NYSE: CMA) added 112 bps to its Tier 1 common ratio, which stood at 8.2% at the end of CY2009. Comerica did not show any meaningful increase in its commercial loan growth, although there was a significant increase in its core deposit growth, which increased by 25% during 2009. According...
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Company News for February 1, 2010 - Corporate Summary
Monday, February 1, 2010 - 10:26am | 200• ExxonMobil (NYSE:XOM) posted fourth quarter earnings of $1.27 a share, beating Zacks of $1.19 a share, versus $1.55 a year ago. The company reported revenues of $89.84 billion • Humana (NYSE:HUM) posted fourth quarter earnings of $1.48, in-line with Zacks estimates, versus $1.07 on revenues of $...
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Merger News Related To TD and E-Trade
Thursday, January 28, 2010 - 11:31am | 152Analyst John Reucassel of BMO Capital Markets maintains his "outperform" rating on TD Bank (NYSE: TD). The target price for TD is set to $74. According to media reports, TD Waterhouse’s UK operations, a wholly owned subsidiary of TD Bank, will acquire roughly 24,000 customer accounts and £467...
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Big Is Not Bad: Bob Diamond of Barclays (BCS) Tells CNBC
Thursday, January 28, 2010 - 8:29am | 96In an interview with CNBC, Bob Diamond, President, Barclays Plc (NYSE: BCS) said, "There is absolutely no evidence to say big is bad or big is riskier". He extended his support to multinational, integrated regulations for the financial sector. He said that banks did not grow big out of their own...
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DeVry Inc. - Growth And Income - Zacks Rank Buy
Thursday, January 28, 2010 - 1:00am | 377DeVry Inc. (DV) recently reported a strong fiscal second quarter. Earnings of $1.00 per share topped the previous year's 59 cents and exceeded the Zacks Consensus Estimate by 20.5%. Company Description DeVry is the holding company for DeVry University, Advanced Academics, Ross University,...
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Benzinga's Top ETF Decliners (FAZ, JJC, SKF, DBB)
Wednesday, January 27, 2010 - 7:02pm | 190Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) closed 6.26% down after a strong rally of financial stocks in the last hour of the trading session. Wells Fargo & Company (NYSE: WFC) had the biggest gains with a leap of 4.48%. IPATH UBS COPPER ETN (NYSE: JJC) fell 4.24% on the weakness...
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Three Ring Circus
Wednesday, January 27, 2010 - 12:09pm | 407What a day in the market! This morning Treasury Secretary Tim Geithner and former Treasury Secretary Hank Paulson will be on the hot seat regarding the bailout of American International Group (NYSE: AIG). The members on Capital Hill are wondering and asking why AIG was bailed out? The perception...