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Goldman Sachs Maintains Neutral on Comerica
Tuesday, July 19, 2011 - 9:58am | 154Goldman Sachs is out with its report today on Comerica (NYSE: CMA), maintaining Neutral. In a note to clients, Goldman Sachs writes, "Comerica reported 2Q EPS of $0.53. Excluding securities gains and merger related expenses, we peg core EPS at $0.54 – a penny higher than our estimate and consensus...
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Morgan Stanley Maintains Overweight on Wells Fargo
Tuesday, July 19, 2011 - 9:31am | 74Morgan Stanley is out with its report today on Wells Fargo (NYSE: WFC), maintaining Overweight. In a note to clients, Morgan Stanley writes, "We are Overweight WFC on improving credit in 2011 and rising PPoP in 2012 as expenses fade and cross sell in the newly converted Eastern regions drives core...
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Earnings Roundup
Tuesday, July 19, 2011 - 9:01am | 896Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...
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Goldman Sachs Earnings Prove Detrimental, But Not All Banks Are Taking a Hit
Tuesday, July 19, 2011 - 8:48am | 325Goldman Sachs (NYSE: GS) reported disappointing earnings this morning, with a Q2 EPS of $1.85 vs. $2.27 and revenues of $7.28 billion vs. $8.14 billion. This news comes just one day after Goldman Sachs hit a new 52-week low at $128.29. Following today's announcements, the company's shares continued...
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UPDATE: Wells Fargo Reports Better-Than-Expected Q2 Profit
Tuesday, July 19, 2011 - 8:40am | 68Wells Fargo & Co (NYSE: WFC) reported upbeat profit for the second quarter on Tuesday. Wells Fargo's quarterly profit surged to $3.9 billion, or $0.70 per share, from $3.1 billion, or $0.55 per share, in the year-earlier quarter. Its total revenue dropped to $20.4 billion from $21.4 billion....
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US Stock Futures Up As Investors Await Earnings Reports
Tuesday, July 19, 2011 - 6:26am | 417US stock futures are higher this morning, as investors are awaiting quarterly earnings from major companies. Futures on the Dow Jones Industrial Average surged 71 points to 12,399.00 and futures on the S&P 500 stock index rose 8.30 points to 1,308.70. Nasdaq 100 futures gained 15.75 points to 2...
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Earnings Scheduled For July 19
Tuesday, July 19, 2011 - 3:20am | 474Harley-Davidson Inc (NYSE: HOG) is projected to report its Q2 EPS at $0.71 on revenue of $1.26 billion. Yahoo! Inc (NASDAQ: YHOO) is projected to report its Q2 earnings at $0.18 per share on revenue of $1.11 billion. Bank of America Corporation (NYSE: BAC) is expected to post a Q2 loss at $0.90...
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Earnings Preview: Comerica Incorporated
Monday, July 18, 2011 - 3:03pm | 171Comerica Incorporated (NYSE: CMA) is set to report earnings tomorrow after the bell, and Wall Street will be looking forward to hearing how the mid-sized regional bank is performing in this tough U.S. economy. Regional banks have more exposure to construction lending, which is still a huge...
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SanDisk Earnings Preview: Analysts Expect Rising Revenue
Monday, July 18, 2011 - 2:55pm | 563Get ready for SanDisk (NASDAQ: SNDK) earnings! Don't be the last to know: The company announces its next round of earnings this Thursday, July 21, 2011. Wondering what to expect from this Thursday's announcement? Don't worry. Here's your essential guide to SanDisk's second quarter earnings report...
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Royal Bank of Scotland Hits New 52-Week Low at $10.52
Monday, July 18, 2011 - 2:30pm | 78Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of Royal Bank of Scotland (NYSE: RBS) are hitting new 52-week...
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What's Hot On TheStreet
Monday, July 18, 2011 - 1:42pm | 263Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 5 Businesses Born on Cocktail Napkins Once in a while, the drinks let loose a sparkler of an idea and a cocktail napkin takes a turn as notebook. We went looking for entrepreneurial ideas conceived at bars. Here's...
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Wells Fargo's Winning Streak Under Threat
Monday, July 18, 2011 - 1:36pm | 124(TheStreet) -- Wells Fargo (NYSE: WFC) has managed to out-earn the other members of the "big four" club of U.S. banks, and analysts expect the streak to continue when the company reports its second-quarter results on Tuesday. But there may be some dark clouds gathering as it battles to keep...
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U.S. Bank Introduces VITAband
Monday, July 18, 2011 - 10:02am | 45U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB) announces introduction of the U.S. Bank MasterCard PayPass VITAband, a light-weight and durable wristband that combines contactless payment technology with emergency contact and medical information.
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Comerica Names Robert A. Dye SVP and Chief Economist
Monday, July 18, 2011 - 7:33am | 43Comerica Incorporated (NYSE: CMA) today announced that Robert A. Dye, Ph.D. has been named Senior Vice President and Chief Economist. He will report to Elizabeth S. Acton, Executive Vice President and Chief Financial Officer.
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A Look Ahead: Next Week's ETFs To Watch
Friday, July 15, 2011 - 5:40pm | 491Another fairly eventful week for summertime trading is in the books and there are looming issues heading into the weekend, but that has been par for the course for almost all of 2011. Chief among those issues is the ability of the Obama administration and congressional leaders to make some headway...