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Market updates- Xstrata, TUI Travel, Pace PLC, easyJet, TT, XTA, CMS, PIC, MDC, EZJ, MDC, JASO
Tuesday, May 10, 2011 - 9:23am | 971International leisure travel company, TUI Travel PLC (TT) rose 2.7% after reporting a narrowing net loss and rising sales. TUI Travel is trading at a price of $249.00,a dramatic change of +5.70 with % change of 2.34 from its previous day's close. Currently, the company has a Market capitalization...
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Citi Comments On Creditcorp Following Strong Earnings Report
Tuesday, May 10, 2011 - 9:09am | 196Creditcorp's (NYSE: BAP) 1Q11 reported net income came in at US$175 million, and included US$9 million in after-tax non-recurring gains booked from the sale of a private equity investment. Excluding this one-time income, recurring net income for the quarter ended 3/31/11 reached US$166 million, and...
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Bank of America Merrill Lynch Maintains Neutral on Credicorp (BAP)
Tuesday, May 10, 2011 - 8:46am | 146Bank of America Merrill Lynch is out with its report today on Credicorp (NYSE: BAP), maintaining Neutral. In a note to clients, Bank of America Merrill Lynch writes, "EPS above estimates, but concerns about election linger Credicorp reported 1Q11 net income of US$175mn, impacted by a US$8.9mn gain...
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Goldman Sachs Maintains Neutral on Credicorp (BAP)
Tuesday, May 10, 2011 - 8:27am | 83Goldman Sachs is out with its report on Credicorp (NYSE: BAP), maintaining Neutral. In a note to clients, Goldman Sachs writes, "Results for Credicorp were strong, reflecting the strong underlying growth of the Peruvian economy. However, we remain cautious with respect to the shares until there is...
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Analysts Stock Upgrade And Downgrade For Mayl 10, 2011- SVNT, SVA, TLAB, INFI, LUV, GSIC, ARG, MTSC, ANF, TE, ASEI, SMT, DRWI, OXY, SPRD, CCIH
Tuesday, May 10, 2011 - 8:22am | 1160Lazard Capital downgraded shares of Savient Pharmaceuticals Inc. (SVNT) from a “buy” rating to a “neutral” rating, JPMorgan Chase & Co. (JPM) downgraded shares of Savient Pharmaceuticals Inc. from an “overweight” rating to a “neutral” rating as well. Zacks Investment Research upgraded shares...
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Lehman Brokerage Plans $1.1B Barclay's Asset Payment -Bloomberg (BCS)
Monday, May 9, 2011 - 2:13pm | 40Lehman Brokerage says, "to plan $1.1B Barclay's (NYSE: BCS) asset payment... Lehman payout to Barclay's said to be part of settlement deal... Lehman payout said to be partial accord of $3.5B dispute."
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Time To Bank On Brazilian Banks?
Monday, May 9, 2011 - 2:13pm | 406Alright, so in Brazil we've got an emerging markets titan, the largest economy in Latin America, a place where deal-making and share offerings are on the rise and a growing middle class that is availing themselves of basic financial services products in growing numbers. All of that should be good...
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Market update- DTG, HTZ, NUAN, AAPL, ONTY, ROSE, SYY, HRB, PETS, TSN, ZRAN, BX, KWK, TRMB, WFC
Monday, May 9, 2011 - 1:51pm | 1137Dollar Thrifty Automotive Group Inc. (NYSE:DTG) is trading at a price of $78.66 its shares added almost 13% after Hertz Global Holdings (NYSE:HTZ) raised its offer to buy the rival car-rental company. Hertz Global Holdings is trading at a price of $16.52. Currently, the company has a Market...
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Wells Fargo Acquires Wholesale Currency Provider from the Bank of Ireland; Terms not Disclosed
Monday, May 9, 2011 - 12:31pm | 57Wells Fargo & Company (NYSE: WFC) today announced that it will acquire substantially all of the US-based operating assets of Foreign Currency Exchange Corporation, a wholly owned subsidiary of the Bank of Ireland Group. Financial terms of the transaction, which is expected to be completed...
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Market Update- SRE, ISAT, THC, SYY, ONTY, TRMB, NVDA- Analysts Upgraded
Monday, May 9, 2011 - 9:57am | 1519Sempra Energy (NYSE:SRE) first-quarter profit rose to $258 million, or $1.07 a share, from $106 million. () is trading at a price of $1.69,a dramatic change of 0.06 with % change of 3.68 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in...
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Earnings Roundup For May 9 (SYY, DYN, HBC, AES, TSN, SFTBF, LNMIY, SCHYY, SJI, CORE, PETS)
Monday, May 9, 2011 - 9:11am | 632Sysco Corp (NYSE: SYY) reported its FQ3 profit at $258.5 million, or $0.44 per share, from $247.6 million, or $0.42 per share, in the year-earlier period. The company's sales jumped to $9.76 billion from $8.95 billion. However, analysts were expecting earnings of $0.41 per share on sales of $9.45...
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Updates- GrouponLive, Softbank, Volkswagen, Wal-Mart, Toshiba, AAPL, GOOG, LYV, WMT, DYN, MCD, UAL
Monday, May 9, 2011 - 8:54am | 1894According to the BrandZ Top 100 ranking, Apple Inc., (NASDAQ:AAPL), designs, manufactures and markets a range of personal computers has overtaken Google Inc. (NASDAQ:GOOG) as the world's most valuable brand. Apple with a stock market capitalization of $319.4 billion, compared with Google's $172....
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HSBC Reports 58% Rise In Q1 Net Profit
Monday, May 9, 2011 - 6:56am | 79HSBC Holdings (NYSE: HBC) reported a 58% surge in its first-quarter net profit on Monday. The company's net profit increased to $4.15 billion, from $2.63 billion, in the year-earlier period, due to smaller tax bill. The company's underlying profit before tax dropped 9.9% to $5.5 billion. The...
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Market updates: Greece, Chubu Electric, Munich Re, BARC, LLOY, CNA, TCG, ISAT, SRP, ELN, ALKS, VITA, BHP, HBC, LMI
Monday, May 9, 2011 - 6:08am | 1964BHP Billiton Limited (NYSE:BHP) is trading at a price of $95.50, says company and Australia poised to reap benefits of rebalancing of economic weight to Asia; but short to medium-term challenges remain. BHP Billiton Ltd Chairman Jacques Nasser said Monday he believes in a “go-slow” approach to...
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Top Performing Regional Banks stocks to buy- PKBK, MBTF,CARV, USBI, MBR,TRUE , DRL, BTC, RBPAA, FSBK
Sunday, May 8, 2011 - 7:13am | 1601Parke Bancorp Inc. (NASDAQ:PKBK) is trading at a price of $9.49, a dramatic change of 0.89 with % change of 10.3 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 46.37M. Parke Bancorp has reported a...