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Sterne Agee Neutral On Comerica (CMA)
Wednesday, January 19, 2011 - 8:46am | 123Sterne Agee has a Neutral rating on shares of Comerica, Inc. (NYSE: CMA). In a note to clients, Sterne Agee writes, "We indicated in a preview we anticipated CMA was trading toward the upper end of a $36-$42 trading range. We still like the multi-year prospects for shareholders as the economy...
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U.S. Bancorp Reports $974 Million Profit (USB)
Wednesday, January 19, 2011 - 8:38am | 241Minneapolis, Minnesota-based U.S. Bancorp (NYSE: USB) on Wednesday morning released financial results that were in-line Wall Street earnings expectations. U.S. Bancorp reported that its 4th quarter net income climbed to $974 million, or 49 cents per share, up from $602 million, or 30 cents per...
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US Bancorp Reports Q4 EPS of $0.46
Wednesday, January 19, 2011 - 8:21am | 56US Bancorp (NYSE: USB) reports its Q4 EPS, ex-items, at $0.46, versus the consensus of $0.46. USB reports its Q4 revenue at $4.72 billion, versus the estimates of $4.53 billion. USB shares gained 0.33% to $27.40 in after-hours trading. Read more from Benzinga's Company news.
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U.S. Bancorp Reports EPS of $.49
Wednesday, January 19, 2011 - 8:16am | 83U.S. Bancorp (NYSE: USB) today reported net income of $974 million for the fourth quarter of 2010, or $.49 per diluted common share. Earnings for the fourth quarter of 2010 were driven by record total net revenue of $4.7 billion. Included in the fourth quarter of 2010 results was a $103 million...
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US Stock Futures Slightly Down As Investors Await Goldman Results, Apple Reports Strong Earnings
Wednesday, January 19, 2011 - 8:02am | 404US stock index futures are slightly lower this morning after strong earnings report from Apple Inc (NASDAQ: AAPL). Investors are awaiting results from Goldman Sachs Group Inc (NYSE: GS). Futures on the Dow Jones Industrial Average dropped 3 points to 11,808.00, while S&P 500 futures declined 2....
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Citigroup Ups CMA To Hold
Wednesday, January 19, 2011 - 7:08am | 47Analysts at Citigroup upgrade Comerica Incorporated (NYSE: CMA) from “sell” to “hold.” The target price for CMA is set to $40. CMA shares dropped 8.31% to close at $38.74 yesterday. More Analyst Ratings here
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Earnings Scheduled For January 19 (GS, FFIV, WFC, IGTE, STX, ADTN, STT, EBAY, XLNX, APH, AMR, SLM, DGII, KMP, HCBK, MTG)
Wednesday, January 19, 2011 - 5:19am | 417Goldman Sachs Group Inc (The) (NYSE: GS) is projected to report its Q4 EPS at $3.79 on revenue of $9.00 billion. F5 Networks Inc (NASDAQ: FFIV) is estimated to report its Q1 earnings at $0.82 per share on revenue of $270.36 million. Wells Fargo & Company (NYSE: WFC) is projected to report its...
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Earnings Optimism 01-14-2011
Tuesday, January 18, 2011 - 4:55pm | 836Cusick's Corner The market continues to get some more fuel early in this earnings cycle -- JPM and INTC reported to the upside, with little drag from the actions by the Chinese and the continued struggles of EU sovereign debt. Gold is on the radar because the short-term move looks potentially ugly...
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J.P. Morgan's Mortgage Division Sued (JPM)
Tuesday, January 18, 2011 - 4:12pm | 119JPMorgan Chase & Co.'s (NYSE: JPM) EMC Mortgage, is being sued by the trustee of a mortgage portfolio, as the New York-based investment bank refuses to turn over loan documents. Wells Fargo & Co. (NYSE: WFC) wants access to more than 2,000 mortgages it bought from the Bear Stearns Mortgage...
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Comerica Beats on Higher Net Margin - Analyst Blog
Tuesday, January 18, 2011 - 2:31pm | 1289Comerica Incorporated (CMA) reported fourth-quarter 2010 net income of 53 cents per share, surpassing the Zacks Consensus Estimate of 31 cents and prior quarter figure of 33 cents. However, earnings saw a striking year-over-year improvement from a loss of 42 cents. Results reflected the...
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The Most Sued Companies in America
Tuesday, January 18, 2011 - 2:29pm | 221The Institutional Risk Analyst, a financial sector research firm run by veteran analyst Christopher Whalen, has taken a deep dive into the tort world and came up with a list of the most sued companies in America. Banks with sizable mortgage exposure, such as Wells Fargo (NYSE: WFC), Ally Financial/...
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Comerica Beats on Higher Net Margin - Analyst Blog
Tuesday, January 18, 2011 - 2:13pm | 1289Comerica Incorporated (CMA) reported fourth-quarter 2010 net income of 53 cents per share, surpassing the Zacks Consensus Estimate of 31 cents and prior quarter figure of 33 cents. However, earnings saw a striking year-over-year improvement from a loss of 42 cents. Results reflected the...
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Market Roundup (DAL, SBIB, CMA, AMTD, CVG)
Tuesday, January 18, 2011 - 1:13pm | 265Shares of Delta Airlines (NYSE: DAL) dropped about 5.5% after the company reported its Q4 earnings at $0.02 per share, compared with a loss of $0.03 per share, in the year-ago period. Excluding one-time charges, Delta reported its earnings at $0.19 per share. However, analysts were expecting...
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EMC Unveils New Products - Analyst Blog
Tuesday, January 18, 2011 - 1:01pm | 1218A leading provider of information infrastructure solutions, EMC Corp (EMC), recently unveiled a number of new products aimed at extending its lead in all major storage markets. EMC released more than 40 new technologies and products catering to every sphere and category of its business. VNX...
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EMC Unveils New Products - Analyst Blog
Tuesday, January 18, 2011 - 12:30pm | 1218A leading provider of information infrastructure solutions, EMC Corp (EMC), recently unveiled a number of new products aimed at extending its lead in all major storage markets. EMC released more than 40 new technologies and products catering to every sphere and category of its business. VNX...