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Oppenheimer Announces Price Target Changes (WFC, USB, MS, JPM, C, GS)
Wednesday, December 22, 2010 - 9:25am | 92Oppenheimer announces price target changes on the following companies: Wells Fargo (NYSE: WFC) from $42 to $44. US Bancorp (NYSE: USB) from $29 to $31. Morgan Stanley (NYSE: MS) from $32 to $34, JPMorgan Chase (NYSE: JPM) from $60 to $63. Citigroup (NYSE: C) from $5.20 to $5.50 Goldman Sachs (NYSE...
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
Wednesday, December 22, 2010 - 9:14am | 224Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Banco Frances (BFR) BNP Paribas (BNPQY) BofI Holding Inc (BOFI) Cloud Peak Energy (CLD) CNH Global (CNH) View the entire Zacks #1 Rank List. BANCO FRANC-ADR (BFR): Free Stock Analysis Report CNH GLOBAL NV (CNH): Free Stock...
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Fast Money Picks For December 22nd (BAC, USB, BP, BBT)
Tuesday, December 21, 2010 - 7:33pm | 163On CNBC's Fast Money, Tim Seymour suggested investors to buy Bank of America (NYSE: BAC). He likes its chart. Bank of America (BAC) jumped 2.85% today. Guy Adami recommended a long position in U.S. Bancorp (NYSE: USB). U.S. Bancorp (USB) gained 1.61% today, and closed at $26.56. It had a volume of...
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Buckeye Acquires Stake in BORCO - Analyst Blog
Tuesday, December 21, 2010 - 6:33pm | 764Buckeye Partners L.P. (BPL) has agreed to buy an 80% interest in Bahamas Oil Refining Company International (BORCO), the largest petroleum products storage terminal in the Caribbean, from First Reserve Corporation for $1.36 billion. Located only 80 miles from the Florida coast, BORCO is the...
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Buckeye Acquires Stake in BORCO - Analyst Blog
Tuesday, December 21, 2010 - 6:15pm | 764Buckeye Partners L.P. (BPL) has agreed to buy an 80% interest in Bahamas Oil Refining Company International (BORCO), the largest petroleum products storage terminal in the Caribbean, from First Reserve Corporation for $1.36 billion. Located only 80 miles from the Florida coast, BORCO is the...
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Benzinga's Top ETF Gainers (CZM, FAS, EDC, DRN)
Tuesday, December 21, 2010 - 6:04pm | 231Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) spiked 4.57% today, as CNOOC Limited (ADR) (NYSE: CEO) gained 3.12%, and Baidu.com, Inc. (ADR) (NASDAQ: BIDU) added 2.49%. CZM closed today at $43.67, and it had a volume of 132K traded shares. Direxion Daily Financial Bull 3X Shares (ETF) (NYSE:...
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Zings Of The Day (TD, BRO, HPQ, ORCL)
Tuesday, December 21, 2010 - 5:01pm | 166Brown-Forman (NYSE: BRO) is going to sell its wine unit, as the wine industry is going through some challenging times. I guess I'll drink to that, but give me some Johnny Walker, no wine. The SEC is going to probe Mark Hurd's exit from Hewlett-Packard (NYSE: HPQ). I'm pretty sure that was the...
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Debit Card Fee Cut to Hit MC, Visa - Analyst Blog
Tuesday, December 21, 2010 - 4:33pm | 1350The Dodd-Frank Act that was enacted in July this year has targeted credit card companies by slashing the interchange fees on debit card transactions. Particularly, card giants MasterCard Inc. (MA) and Visa Inc. (V) are reported to be the wary victims of the interchange fee cuts, since being one...
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Debit Card Fee Cut to Hit MC, Visa - Analyst Blog
Tuesday, December 21, 2010 - 3:43pm | 1350The Dodd-Frank Act that was enacted in July this year has targeted credit card companies by slashing the interchange fees on debit card transactions. Particularly, card giants MasterCard Inc. (MA) and Visa Inc. (V) are reported to be the wary victims of the interchange fee cuts, since being one...
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Financial Stocks Rise (BAC, WFC, GS, MS, C, XLF)
Tuesday, December 21, 2010 - 3:20pm | 133Financial stocks have been leading the market higher on Tuesday after Toronto-Dominon Bank announced a $6.3 billion takeout of Chrysler Financial. Investors are bidding up financial stocks in the belief that similar deals could be on the horizon. Here is a look at how some of the most widely held...
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Option Investors (Still) Bearish on Wells Fargo (WFC)
Tuesday, December 21, 2010 - 1:49pm | 1665The February options series opened for business in Wells Fargo (NYSE:WFC) yesterday and one large-scale options investor appears to have swooped in to extend a bearish trade. Wells shares are up 9.5% in the past month and have gained slightly more than that year-to-date, but this investor...
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Company News for December 21, 2010 - Corporate Summary
Tuesday, December 21, 2010 - 10:36am | 944• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE) • According to...
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News Summary
Tuesday, December 21, 2010 - 10:35am | 221Shares of ConAgra Foods Inc (NYSE: CAG) fell about 0.1% after the company reported 16% y/y fall in its Q2 profit. The company's earnings came in at $0.46 per share. The company reported its adjusted net income at $0.45 per share. The company's sales increased to $3.16 billion, from $3.10 billion,...
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Company News for December 21, 2010 - Corporate Summary
Tuesday, December 21, 2010 - 10:02am | 944• Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion • Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share • Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE) • According to...
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Chrysler Financial Sold to TD Bank for $6.3B (TD)
Tuesday, December 21, 2010 - 9:45am | 125According to Reuters, Toronto Dominion Bank (NYSE: TD) has agreed to buy Chrysler Financial from private equity firm Cerberus Capital Management for $6.3 billion, making the Canadian bank a contender of one of North America's top five bank owned auto lenders. TD does not intend to issue common...