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ICICI Bank's Profit Soars - Analyst Blog
Tuesday, January 25, 2011 - 3:14pm | 574ICICI Bank Limited's (IBN) 2011 fiscal third quarter (ended December 31) profit came in at INR14.37 billion (US$321 million), up 30.5% from INR11.01 billion (US$246 million) in the year-ago quarter. Results in the reported quarter were primarily driven by higher fee income and a substantial...
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BlackRock Jumping On Strong Earnings (BLK)
Tuesday, January 25, 2011 - 12:07pm | 268Shares of BlackRock, Inc. (NYSE: BLK) are up strongly today, gaining more than 2% on the back of a strong earnings report. Excluding items, BlackRock reported earnings of $3.42 per share. Wall Street had expected earnings of $2.90 per share. Revenue rose 61% from last year to $2.49 billion, thanks...
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J.P. Morgan Remains Overweight on U.S. Bancorp (USB)
Tuesday, January 25, 2011 - 11:03am | 133J.P. Morgan is out with its report today on U.S. Bancorp (NYSE: USB), remaining Overweight on USB. In a note to clients, J.P. Morgan writes, "We continue to rate U.S. Bancorp Overweight relative to the large cap peer group of bank stocks due to our expectations for lower drag from the financial...
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What Will Stimulate America's Job Market?
Monday, January 24, 2011 - 1:08pm | 770By Stephanie Taylor Christensen The latest report by the Bureau of Labor Statistics shows the unemployment rate still hovering around 9%. While it has shown some positive activity, with employment rates in leisure, hospitality, and health care rising, little has changed in the job market elsewhere...
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ICICI Bank (IBN) - Another Fine Report
Monday, January 24, 2011 - 10:54am | 1241Indian stocks have kicked off 2011 in horrid fashion, with fears of inflation - especially of the food kind - pressuring equities intensely, as a campaign of rate hikes that started in 2010 by the central bank looks to have no end in sight. Due to the dearth of Indian equities that trade in U.S....
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Bank Failures Rise to 7 - Analyst Blog
Monday, January 24, 2011 - 10:31am | 831Last Friday, U.S. regulators shuttered four more banks in North Carolina, South Carolina, Georgia and Colorado, pushing up the failed U.S. banks figure to 7 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly...
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Bank Failures Rise to 7 - Analyst Blog
Monday, January 24, 2011 - 9:57am | 831Last Friday, U.S. regulators shuttered four more banks in North Carolina, South Carolina, Georgia and Colorado, pushing up the failed U.S. banks figure to 7 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly...
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Berkshire looking attractive
Sunday, January 23, 2011 - 4:11pm | 2002Someone e-mailed me an article from Barrons: With cash pouring in, Warren Buffett's Berkshire Hathaway may do something big this year -- maybe even pay a dividend. A flush Berkshire Hathaway is in its best shape ever and piling up cash so quickly that it could be sitting on close to $50 billion at...
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ETF Showdown: Two Regional Bank Funds
Friday, January 21, 2011 - 6:13pm | 361For those that have invested in or traded ETFs for a while, they've probably noticed something about ETF names: They can be deceiving. An ETF's title can imply an investor is getting exposure to one theme or asset class when the reality is that ETF does something far different. Well the ETF world...
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TCF Falls a Penny Short on Low Margin - Analyst Blog
Friday, January 21, 2011 - 3:01pm | 1081TCF Financial Corporation's (TCB) fourth quarter 2010 earnings came in at 22 cents per share, a penny short of the Zacks Consensus Estimate of 23 cents. This compares unfavorably with the earnings of 26 cents in the prior quarter and favorably with 15 cents in the prior-year quarter. For fiscal...
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TCF Falls a Penny Short on Low Margin - Analyst Blog
Friday, January 21, 2011 - 2:19pm | 1081TCF Financial Corporation's (TCB) fourth quarter 2010 earnings came in at 22 cents per share, a penny short of the Zacks Consensus Estimate of 23 cents. This compares unfavorably with the earnings of 26 cents in the prior quarter and favorably with 15 cents in the prior-year quarter. For fiscal...
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Options Brief: Bank of Ireland (IRE)
Friday, January 21, 2011 - 1:08pm | 67Shares of Bank of Ireland (NYSE: IRE) are higher on the session by 1.69%, trading at $2.41. Overall put volume is now running at 3.51x the daily average, with 34% of all puts traded being purchases on the offer. 3,032 contracts have traded on the session so far. Bank of Ireland and its...
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Jefferies Comments On Marshall & Ilsley Corp.'s Earnings Miss
Friday, January 21, 2011 - 10:43am | 190Marshall & Ilsley's (NYSE: MI) Operating EPS of -$0.32 fell short of consensus, largely driven by higher credit costs. Bank of Montreal's (NYSE: BMO) acquisition of M&I involves a fixed exchange ratio. As such, M&I should continue to trade in tandem with BMO until the deal closes....
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David Tepper Still Bullish On The Economy
Friday, January 21, 2011 - 9:34am | 511David Tepper, founder of Appaloosa Management is on CNBC and he's bullish on the economy, in large part to strength in the economy and the Federal Reserve. It's not an everything goes up kind of market though, according to Tepper. The last time Tepper was on CNBC, he gave his famous "balls to the...
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Investors Digesting Economic News 01-20-2011
Thursday, January 20, 2011 - 8:00pm | 832Cusick's Corner The market has held up well in this “sell the news” situation and with the continued concerns over China's inflation and the potential implications to economic growth. Watching critical technical levels, 1276 on the SPX, in the short-term you could use the 20-Day SMA to spot any...