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Wells Fargo a Penny Short - Analyst Blog
Thursday, January 20, 2011 - 12:01am | 1194Wells Fargo & Company's (WFC) fourth quarter 2010 operating earnings came in at 61 cents per share, almost in line with the Zacks Consensus Estimate of 62 cents and slightly above the prior quarter's 60 cents though significantly higher than the year-ago quarter's earnings of 8 cents per...
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U.S. Bancorp Reports In line - Analyst Blog
Thursday, January 20, 2011 - 12:01am | 1331U.S. Bancorp (USB) reported fourth quarter 2010 earnings attributable to common shareholders of $974 million or 49 cents per share. However, excluding significant items, earnings came in at 46 cents per share, in line with the Zacks Consensus Estimate. Quarterly results of U.S. Bancorp's...
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Small Caps More Sensitive to Domestic Economic Conditions 01-19-2011
Wednesday, January 19, 2011 - 7:17pm | 894Cusick's Corner The Small Caps, higher Beta stocks (IWM), were the real movers to the downside today. This raises a potential red flag because these markets are more sensitive to domestic economic conditions. If the economy at home does look like it is potentially slowing, then these stocks in...
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Earnings Mixed 01-19-2011
Wednesday, January 19, 2011 - 3:54pm | 930Cusick's Corner Looks like the market is following that short-term trend I have been discussing in the last few Corners: challenge to the upside on good/great earnings, pulling back now at 1283 on SPX and on the way to mid month lows, then on to possibly consolidate for a period until longs can...
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U.S. Bancorp Reports In line - Analyst Blog
Wednesday, January 19, 2011 - 2:31pm | 1331U.S. Bancorp (USB) reported fourth quarter 2010 earnings attributable to common shareholders of $974 million or 49 cents per share. However, excluding significant items, earnings came in at 46 cents per share, in line with the Zacks Consensus Estimate. Quarterly results of U.S. Bancorp's...
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Wells Fargo a Penny Short - Analyst Blog
Wednesday, January 19, 2011 - 2:01pm | 1194Wells Fargo & Company's (WFC) fourth quarter 2010 operating earnings came in at 61 cents per share, almost in line with the Zacks Consensus Estimate of 62 cents and slightly above the prior quarter's 60 cents though significantly higher than the year-ago quarter's earnings of 8 cents per...
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U.S. Bancorp Reports In line - Analyst Blog
Wednesday, January 19, 2011 - 1:54pm | 1331U.S. Bancorp (USB) reported fourth quarter 2010 earnings attributable to common shareholders of $974 million or 49 cents per share. However, excluding significant items, earnings came in at 46 cents per share, in line with the Zacks Consensus Estimate. Quarterly results of U.S. Bancorp's...
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U.S. Bancorp Reports In line - Analyst Blog
Wednesday, January 19, 2011 - 1:54pm | 1331U.S. Bancorp (USB) reported fourth quarter 2010 earnings attributable to common shareholders of $974 million or 49 cents per share. However, excluding significant items, earnings came in at 46 cents per share, in line with the Zacks Consensus Estimate. Quarterly results of U.S. Bancorp's...
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Market Roundup (WFC, USB, SPW, RDS.A)
Wednesday, January 19, 2011 - 1:35pm | 297Shares of Wells Fargo & Co (NYSE: WFC) fell about 1.42% after the company reported its Q4 profit of $0.61 per share, versus $0.08 per share, in the year-ago period. The bank's revenue dropped to $21.5 billion, from $22.7 billion, in the year-ago period. However, analysts were expecting earnings...
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Wells Fargo a Penny Short - Analyst Blog
Wednesday, January 19, 2011 - 1:24pm | 1194Wells Fargo & Company's (WFC) fourth quarter 2010 operating earnings came in at 61 cents per share, almost in line with the Zacks Consensus Estimate of 62 cents and slightly above the prior quarter's 60 cents though significantly higher than the year-ago quarter's earnings of 8 cents per...
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Wells Fargo a Penny Short - Analyst Blog
Wednesday, January 19, 2011 - 1:24pm | 1194Wells Fargo & Company's (WFC) fourth quarter 2010 operating earnings came in at 61 cents per share, almost in line with the Zacks Consensus Estimate of 62 cents and slightly above the prior quarter's 60 cents though significantly higher than the year-ago quarter's earnings of 8 cents per...
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Lower Reserves Lead to Higher Profit for Wells Fargo
Wednesday, January 19, 2011 - 1:14pm | 113Wednesday morning, banking giant Wells Fargo (NYSE: WFC) announced that its fourth-quarter profit increased sharply thanks to improving customer payment habits and lower reserves to cover "souring loans." During the quarter, Wells Fargo reported net income of 61 cents per share ($3.2 billion),...
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Miller Tabak's Notes From Wells Fargo Conference Call (WFC)
Wednesday, January 19, 2011 - 1:11pm | 191Miller Tabak is out with some notes from the Wells Fargo (NYSE: WFC) conference call earlier today after the bank reported earnings. It has a Hold rating and a $30.58 price target on shares. In the note Miller Tabak writes, "At the beginning after merging with Wachovia, 23% of deposits were CDs;...
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Options Brief: National Bank of Greece S.A. (NBG)
Wednesday, January 19, 2011 - 12:54pm | 95Shares of National Bank of Greece S.A. (NYSE: NBG) are higher on the session by 5.29%, trading at $1.79. Overall call volume is now running at 2.76x the daily average, with 68% of all calls traded being purchases on the offer. 2,165 contracts have traded on the session so far. National Bank of...
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Differing Views of eBay (EBAY) Ahead of Earnings
Wednesday, January 19, 2011 - 12:51pm | 1547If the recent influx of put activity is any indication, bearish traders are flashing their teeth in eBay (NASDAQ:EBAY) ahead of the online auctioneer's earnings report after today's close. BusinessWeek reported that the ratio of outstanding puts versus calls rose to 1.23 from 1 last week, hitting...