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Stock Market News for Jan 19, 2011 - Market News
Wednesday, January 19, 2011 - 11:31am | 1488Investors' optimism helped markets close higher as stocks continued to gain momentum after an upbeat manufacturing report released by the Federal Reserve Bank of New York. The report helped energy and material share prices to go up despite weak Citigroup results and sliding prices of Apple (NASDAQ...
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Record 1Q for Apple - Analyst Blog
Wednesday, January 19, 2011 - 11:31am | 1887Apple Inc. (AAPL) reported stellar first quarter 2011 results with better-than-expected quarterly revenues and earnings, which flew past the bullish Zacks Consensus Estimate. The upbeat quarter results were fueled by strong iPhone sales, record Mac sales and increased iPad sales, as unit...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 11:01am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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Record 1Q for Apple - Analyst Blog
Wednesday, January 19, 2011 - 11:00am | 1887Apple Inc. (AAPL) reported stellar first quarter 2011 results with better-than-expected quarterly revenues and earnings, which flew past the bullish Zacks Consensus Estimate. The upbeat quarter results were fueled by strong iPhone sales, record Mac sales and increased iPad sales, as unit...
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Stock Market News for Jan 19, 2011 - Market News
Wednesday, January 19, 2011 - 10:15am | 1488Investors' optimism helped markets close higher as stocks continued to gain momentum after an upbeat manufacturing report released by the Federal Reserve Bank of New York. The report helped energy and material share prices to go up despite weak Citigroup results and sliding prices of Apple (NASDAQ...
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JP Morgan Sees Upside Despite In-line Quarter For Comerica
Wednesday, January 19, 2011 - 10:10am | 242JP Morgan has published a research report on Comerica Incorporated (NYSE: CMA) after the company reported in-line 4Q results that JP Morgan believes may even elicit a near-term positive upside. In the report, JP Morgan writes "Although 4Q10 trends were generally in line with expectations on the...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 10:09am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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KBW Lowers CMA Target To $42 From $44
Wednesday, January 19, 2011 - 10:07am | 69Comerica (NYSE: CMA) beat consensus by $0.23 due to improved asset quality & announced the acquisition of SBIB for $1.0B ($10.00/sh), representing 3.9x adjusted SBIB TBV, KBW reports. “We are raising our '11 EPS estimate $0.15 reflecting CMA's newly issued guidance, but lowering our '12 EPS...
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Jefferies Lowers CMA Target To $41 From $42
Wednesday, January 19, 2011 - 10:05am | 68Jefferies has lowered its PT on Comerica (NYSE: CMA) to $41 from $42. “We like CMA's move to broaden its exposure in the faster-growing Texas market, but deal valuation could make 2013 EPS accretion tough, in our view,” Jefferies writes. “Improving credit drives better 2011 results, but rev....
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Benzinga's Top Upgrades (BX, DLTR, CMA, FRX)
Wednesday, January 19, 2011 - 9:55am | 135Blackstone Group LP (NYSE: BX) was upgraded by Jefferies from "hold" to "buy." BX's shares closed at $15.31 yesterday. Blackstone Group's PEG ratio is 0.95. Morgan Stanley upgrade Dollar Tree Inc (NASDAQ: DLTR) from "equal weight" to "overweight.” DLTR's shares closed at $50.34 yesterday. Dollar...
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Lloyd Blankfein Got What? (GS)
Wednesday, January 19, 2011 - 9:55am | 308Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein received an invitation to the White House while Chinese President Hu Jintao is meeting with President Obama to discuss economic matters between the two countries. Inviting Blankfein is a sign that the White House is becoming more pro-business, and...
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Benzinga's Top Pre-Market NASDAQ Losers (CREE, DEPO, WSB, IBCA)
Wednesday, January 19, 2011 - 9:54am | 152Cree Inc (NASDAQ: CREE) dipped 15.64% to $52.90 in the pre-market session. CREE issued weaker-than-expected Q3 profit and revenue projections. Depomed Inc (NASDAQ: DEPO) fell 12.46% to $5.76 in the pre-market session. DEPO reported that it is looking to resolve dispute with Abbott Laboratories (...
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Wells Fargo Reports $3.4 Billion 4th Qtr Profit (WFC)
Wednesday, January 19, 2011 - 9:18am | 241San Francisco, California-based Wells Fargo & Company (NYSE: WFC) released financial results on Wednesday morning that were in-line with Wall Street earnings estimates. Wells Fargo & Company announced that its 4th quarter net income climbed 21% to $3.4 billion, or 61 cents per share, up...
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Wells Fargo Reports Q4 EPS of $0.61
Wednesday, January 19, 2011 - 9:07am | 56Wells Fargo & Company (NYSE: WFC) reports its Q4 EPS at $0.61, versus the consensus of $0.61. WFC reports its Q4 revenue at $21.49 billion, versus the consensus of $21 billion. WFC shares fell 3.02% to $31.51 in pre-market trading. Read more from Benzinga's Company news.
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Wells Fargo Reports EPS $.61 vs. $.61
Wednesday, January 19, 2011 - 9:05am | 63Wells Fargo & Company (NYSE: WFC): Continued strong financial results in fourth quarter 2010: -Record net income of $3.4 billion, up 21 percent from prior year -Diluted earnings per common share of $0.61 -Revenue of $21.5 billion, up 12 percent (annualized) from prior quarter -Net interest...