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Earnings Roundup For May 26
Thursday, May 26, 2011 - 8:40am | 1113H.J. Heinz Co (NYSE: HNZ) reported its fourth-quarter profit at $223.9 million, or $0.70 per share, up from $192.4 million, or $0.61 per share, in the year-earlier period. Its income from continuing operations climbed to $0.69 per share from $0.60 per share. Breaking out closing costs of $0.02 per...
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Benzinga's Top Upgrades
Thursday, May 26, 2011 - 8:29am | 138FBR Capital upgraded American Eagle Outfitters Inc (NYSE: AEO) from “market perform” to “outperform.” AEO's shares closed at $13.02 yesterday. American Eagle's PEG ratio is 1.01. Analysts at Oppenheimer upgraded Comerica Incorporated (NYSE: CMA) from “perform” to “outperform.” CMA's shares closed...
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UPDATE: TD Bank Reports 13% Increase In FQ2 Profit
Thursday, May 26, 2011 - 7:04am | 96Toronto-Dominion Bank (NYSE: TD) reported a 13% rise in its fiscal second-quarter profit on Thursday. TD's quarterly profit rose to C$1.33 billion, or C$1.46 per share, from C$1.18 billion, or C$1.30 per share, in the year-earlier period. Its total revenue surged 7.4% to C$5.12 billion. TD's...
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Oppenheimer Upgrades Comerica from Perform to Outperform
Thursday, May 26, 2011 - 6:29am | 18Oppenheimer is upgrading Comerica (NYSE: CMA) from Perform to Outperform.
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Earnings Roundup For May 25
Wednesday, May 25, 2011 - 8:54am | 863Costco Wholesale Corp (NASDAQ: COST) reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19 billion...
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Global X Canada Preferred ETF Starts Trading Today
Wednesday, May 25, 2011 - 2:50am | 362Global X, the New York-based ETF issuer with over $1.8 billion in assets under management, is continuing what can only be considered a torrid pace of new product introductions in 2011 with the debut of the Global X Canada Preferred ETF (NYSE: CNPF) today. The introduction of CNPF marks the 17th...
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Goldman Sachs Raising Price Target On Bancolombia S.A.
Tuesday, May 24, 2011 - 8:21am | 39Goldman Sachs is raising its price target on shares of Bancolombia S.A. (NYSE: CIB) to $69.90 from $64.90. Shares of Bancolombia S.A. lost 55 cents yesterday to close at $64.33, a loss of 0.85%.
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Oppenheimer Comments on the Banks
Tuesday, May 24, 2011 - 7:45am | 123Oppenheimer released a report yesterday in which they characterized banking stocks as being "cheap". Oppenheimer has a price target of $59 on Citigroup (NYSE: C), $205 on Goldman Sachs (NYSE: GS), $62 on J.P. Morgan (NYSE: JPM), $31.50 on Morgan Stanley (NYSE: MS), $30 on US Bancorp (NYSE: USB),...
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Options Brief: National Bank of Greece S.A.
Friday, May 20, 2011 - 10:45am | 95Shares of National Bank of Greece S.A. (NYSE: NBG) are lower on the session by 1.47%, trading at $1.34. Overall put volume is now running at 9.73x the daily average, with 0% of all puts traded being purchases on the offer. 15,220 contracts have traded on the session so far. National Bank of...
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Options Brief: Mitsubishi UFJ Financial Group
Friday, May 20, 2011 - 10:20am | 103Shares of Mitsubishi UFJ Financial Group (NYSE: MTU) are lower on the session by 1.30%, trading at $4.56. Overall call volume is now running at 37.50x the daily average, with 0% of all calls traded being purchases on the offer. 1,050 contracts have traded on the session so far. Mitsubishi UFJ...
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As Gas Prices Rise, Wells Fargo Offers Convenient Ways for Summer Travelers to Manage Their Finances
Friday, May 20, 2011 - 8:01am | 160Whether you're planning to climb Mount Rainier or catch a Broadway show this summer, Wells Fargo online and mobile banking services, and an extended ATM network, can help you stay on top of your finances. Wells Fargo & Company (NYSE: WFC) offers a reminder of services and tools to help...
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Benzinga's Top ETF Gainers, May 19th (AGA, SOXS, EWV, SCO)
Thursday, May 19, 2011 - 6:30pm | 177PowerShares DB Agriculture Double Short ETN (NYSE: AGA) gained 3.82% as wheat futures and corn futures traded lower. AGA closed at $17.23, and it had a volume of 72K traded shares. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) jumped 2.33%, and it closed at $57.06. In the semiconductor...
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CEOWORLD Top Leader Stocks ON 5/19/11- PHG, INTC, SPY, BIG, SLV, NBG, BP, TS, VOD, IWM
Thursday, May 19, 2011 - 8:59am | 1117Koninklijke Philips Electronics NV (PHG) is trading with Volume 556,100.00 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 27.53B. Royal Philips Electronics announced it is investing EUR 40 million...
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Goldman Sachs Neutral On Credicorp (BAP)
Wednesday, May 18, 2011 - 7:37am | 106Goldman Sachs has a Neutral rating and a $112 price target on shares of Credicorp (NYSE: BAP). In a note to clients, Goldman Sachs writes, "We adjust our estimates to incorporate the new macro assumptions as well as the trends reported in 1Q2011. While 1Q2011 earnings were above our estimates, the...
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Fast Money Picks For May 18th (EEM, SJM, KMP, JPM, WFC)
Tuesday, May 17, 2011 - 7:41pm | 232On CNBC's Fast Money, Tim Seymour said that investors should start to buy iShares MSCI Emerging Markets Index (ETF) (NYSE: EEM). iShares MSCI Emerging Markets Index (ETF) (EEM) gained 0.32% today, and it closed at $47.00. Guy Adami likes The J.M. Smucker Company (NYSE: SJM), and wants to buy it...