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Sterne Agee Upgrades Comerica To Buy
Monday, April 4, 2011 - 8:54am | 153According to Sterne Agee, Comerica (NYSE: CMA) shares are upgraded to Buy. Sterne Agee reported that it is upgrading the shares of CMA to Buy from Neutral with a $45 PT based on 1.5x pro-forma TBVPS, equating to 11x its normalized earnings estimate of ~$4.00. “Our DCF analysis suggests a present...
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Sterne Agee Upgrades Comerica To Buy, $45 PT
Monday, April 4, 2011 - 8:39am | 27Sterne Agee has upgraded Comerica, Inc. (NYSE: CMA) from Neutral to Buy and has raised the price target to $45.
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Fitch Downgrades Allied Irish Bank, Bank of Ireland (AIB, IRE)
Monday, April 4, 2011 - 7:07am | 46Fitch, the major credit rating agency, is downgrading Allied Irish Bank (NYSE: AIB) and Bank of Ireland (NYSE: IRE) today on continuing concerns of creditworthiness in the nation of Ireland.
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Benzinga's Top ETF Decliners, April 1st (EDZ, BZQ, SOXL, BAL)
Friday, April 1, 2011 - 8:25pm | 190Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) dropped 4.64% today as CNOOC Limited (ADR) (NYSE: CEO) jumped 2.42%, and Banco Bradesco SA (ADR) (NYSE: BBD) gained 1.35%. ProShares Ultrashort MSCI Brazil (NYSE: BZQ) lost 4.35% on Friday, and it closed at $13.80. Petroleo Brasileiro...
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Is Ron Paul Right?
Friday, April 1, 2011 - 12:12pm | 1132It's the first day of the second quarter, and also April Fool's day, so be on your guard. The first day of the month has been an overwhelmingly bullish day ever since the stock market bottomed in March 2009. And the first day of a new quarter has also been bullish, as new...
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Benzinga's Political Roundup (IRE, T)
Friday, April 1, 2011 - 11:55am | 115Yesterday Ireland disclosed that its four top banks need to raise 24 billion Euros in capital, as a result of the Irish Central Bank's stress tests. Bank of Ireland (NYSE: IRE) and Allied Irish Bank (NYSE: AIB) need to raise 5.2 billion and 13.3 billion Euros, respectively. The merger between AT...
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Options Brief: Bank of Ireland (IRE)
Friday, April 1, 2011 - 10:33am | 88Shares of Bank of Ireland (NYSE: IRE) are higher on the session by 21.68%, trading at $2.12. Overall call volume is now running at 2.17x the daily average, with 30% of all calls traded being purchases on the offer. 1,831 contracts have traded on the session so far. Bank of Ireland and its...
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Bank of Ireland Up 25% (IRE)
Friday, April 1, 2011 - 9:39am | 78Bank of Ireland (ADR) (NYSE: IRE) shares have re-opened for trading, and are up a whopping 25% to $2.20, a gain of 45 cents. Yesterday, the Irish Central Bank announced that 4 banks, including the Bank of Ireland needed to raise 24 billion Euros in fresh capital as a result of the "stress tests"...
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Bank of Ireland Resumes Trading (IRE)
Friday, April 1, 2011 - 9:34am | 15Bank of Ireland Resumes Trading (NYSE: IRE)
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NASDAQ and IntercontinentalExchange Raise the Stakes in Battle for NYSE (NDAQ, ICE, NYX, BAC, WFC)
Friday, April 1, 2011 - 8:27am | 334The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange, Inc. (NYSE: ICE) have made a bid to take over NYSE Euronext (NYSE: NYX) for a price well above the nearly $10 billion bid that was earlier offered by Germany's Deutsche Boerse, which owns the Frankfurt stock exchange. NASDAQ...
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Stocks Going Ex Dividend the First Week of April
Friday, April 1, 2011 - 12:27am | 750Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Best Quarter since the 90's
Thursday, March 31, 2011 - 6:04pm | 878Cusick's Corner Best Quarter since the 90's, but the After Hours was still quite. While volume has been light, the small caps were active, a positive for potential upside momentum, and was the Cherry on top of today's ice cream after we did see a decent end in today volume for the first time all...
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ECB Suspends Rating Threshold For Government Bonds In Ireland (AIB, IRE)
Thursday, March 31, 2011 - 2:48pm | 72The European Central Bank suspends its rating threshold for government bonds in Ireland. However, the European Central Bank continues to welcome the Irish Debt Recapitalization Plan and says that it will continue to provide liquidity to Irish banks. Some major banks in Ireland include the Bank of...
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Trading Resumes: Allied Irish Bank
Thursday, March 31, 2011 - 1:45pm | 15Trading Resumes: Allied Irish Bank (NYSE: AIB)
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AIB Capital Update
Thursday, March 31, 2011 - 1:40pm | 206Allied Irish Banks (NYSE: AIB) notes the announcements made today by the Central Bank of Ireland (CBI) and the Minister for Finance: Following completion of the Prudential Capital Assessment Review and the Prudential Liquidity Assessment Review, the CBI requires AIB to raise equity capital of EUR9...