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Wells Fargo Says It's Already Buying Back Shares -Bloomberg (WFC)
Wednesday, April 20, 2011 - 10:27am | 18Wells Fargo (NYSE: WFC) says it's already buying back shares.
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KBW Increases EPS Estimates on Comerica (CMA)
Wednesday, April 20, 2011 - 9:51am | 98KBW is out with its report today on Comerica (NYSE: CMA), increasing its EPS estimates. In a note to clients, KBW writes, "Comerica beat the Street by $0.09 with sequential improvement in PTPP ROA and continued improvement in asset quality. With the 1Q11 beat and an expectation of NIM expansion in...
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Morgan Stanley Summary
Wednesday, April 20, 2011 - 9:29am | 100Morgan Stanley increased the price target on VMware (NYSE: VMW) from $98.00 to $112.00, and on Wynn Resorts (NASDAQ: WYNN) from $126.00 to $130.00. Estimates are increased on Johnson & Johnson (NYSE: JNJ). Price targets are decreased on Cree (NASDAQ: CREE) from $36.00 to $34.00, and estimates...
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Pre-market News And Views
Wednesday, April 20, 2011 - 9:28am | 421All of the major stock index futures are soaring higher this morning. The popular and highly traded S&P 500 e-mini futures(ES M1) are trading higher by 18.00 points to 1326.75 per contract. This is a huge move higher before the opening bell at the New York Stock Exchange. The catalyst for the...
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Jefferies Lowers PT On USB To $29
Wednesday, April 20, 2011 - 8:38am | 95Jefferies has lowered its price target on U.S. Bancorp (NYSE: USB) from $30 to $29 based upon soft fees, which lowered estimates. Says Jefferies, in the report, “USB beat on expenses and credit, but fees were a little softer-than-expected. Our 2011 estimate goes up a nickel to $2.20 as positive...
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Doug Kass Going Long Wells Fargo (WFC)
Wednesday, April 20, 2011 - 8:11am | 47Doug Kass tweeted that he went long Wells Fargo (NYSE: WFC) at $29.90 in pre-market trading after the company reported earnings this morning. Kass is a contributor to CNBC and TheStreet.com.
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Wells Fargo Posts Higher Quarterly Profit as Overall Credit Related Costs Ease (WFC)
Wednesday, April 20, 2011 - 8:08am | 22Wells Fargo (NYSE: WFC) posts higher quarterly profit as overall credit related costs ease.
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Wells Fargo Reports Q1 EPS of $0.67 vs. $0.66; Revenues $20.3B vs. $21.24B
Wednesday, April 20, 2011 - 8:01am | 21Wells Fargo (NYSE: WFC) Reports Q1 EPS of $0.67 vs. $0.66; Revenues $20.33B vs. $21.24B
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US Stock Futures Up After Strong Tech Sector Earnings; Intel ,Yahoo Shares Rise In Pre-Market Trading
Wednesday, April 20, 2011 - 6:10am | 505US stock futures are higher this morning, after strong earnings from the technology sector. Futures on the Dow Jones Industrial Average gained 109 points to 12,335.00 and futures on the S&P 500 stock index rose 15.20 points to 1,323.80. Nasdaq 100 futures surged 26.75 points to 2,337.75. On...
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Earnings Scheduled For April 20 (ABT, NDAQ, MO, UNP, AAPL, MAR, T, QCOM, AXP, WFC, AMGN, FCX, AMR, YUM, ETFC, UTX)
Wednesday, April 20, 2011 - 12:24am | 426Abbott Laboratories (NYSE: ABT) is expected to report its Q1 EPS at $0.90 on revenue of $8.81 billion. Nasdaq OMX Group Inc (NASDAQ: NDAQ) is estimated to post its Q1 earnings at $0.61 per share on revenue of $408.73 million. Altria Group Inc (NYSE: MO) is estimated to post its Q1 earnings at $0....
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Earnings Scheduled For April 20 (ABT, NDAQ, MO, UNP, AAPL, MAR, T, QCOM, AXP, WFC, AMGN, FCX, AMR, YUM, ETFC, UTX)
Wednesday, April 20, 2011 - 12:19am | 426Abbott Laboratories (NYSE: ABT) is expected to report its Q1 EPS at $0.90 on revenue of $8.81 billion. Nasdaq OMX Group Inc (NASDAQ: NDAQ) is estimated to post its Q1 earnings at $0.61 per share on revenue of $408.73 million. Altria Group Inc (NYSE: MO) is estimated to post its Q1 earnings at $0....
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Stocks To Watch For April 20 (AAPL, INTC, WFC, YHOO, T)
Wednesday, April 20, 2011 - 12:11am | 280Some of the stocks that may grab investor focus today are: Wall Street expects Apple Inc (NASDAQ: AAPL) to report its Q2 EPS at $5.35 on revenue of $23.27 billion. AAPL shares gained 0.56% to $339.75 in after-hours trading. Intel Corp (NASDAQ: INTC) reported its Q1 profit at $3.2 billion, or $0....
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US Bancorp Conference Call Notes (USB)
Tuesday, April 19, 2011 - 8:58am | 68US Bancorp (NYSE: USB) says "buybacks won't be 'meaningful' 'til Basel III guide... sees repurchase requests to remain slightly elevated... expects net charge-offs to continue decline in 2Q... net interest margin will decline... sees per quarter mtge repurchase expense $50m-$70m... sees repurchase...
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Top 10 Stocks to Sell Now- NJ, MFG, WMT, TGT, BP, CSCO, TM, SNE, S and PC
Tuesday, April 19, 2011 - 7:31am | 1390Mitsui & Co. Ltd (MITSY)- Mkt cap- 30.59B, P/E- 7.61, Div/yield- 2.45/1.21, EPS- 43.94 Competitors- Itochu Corporation (ITOCY), Marubeni Corp (MARUY), SUMITOMO CORPORATION (SSUMY)- Shoei Utsuda- Chairman of the Board , Masami Iijima- President, Chief Executive Officer, Junichi Matsumoto-...
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U.S. Bancorp Reports Q1 EPS $0.52 Vs. $0.49 Est.; Revenues $4.52B Vs. $4.56B Est. (USB)
Tuesday, April 19, 2011 - 7:14am | 160U.S. Bancorp Reports Q1 EPS $0.52 Vs. $0.49 Estimate; Revenues $4.52B Vs. $4.56B Estimate (NYSE: USB). U.S. Bancorp (NYSE: USB) today reported net income of $1,046 million for the first quarter of 2011, or $.52 per diluted common share. Earnings for the first quarter of 2011 were driven by year-...