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Wells Fargo Launches ATM Cash Tracker
Wednesday, December 8, 2010 - 10:03am | 70Today Wells Fargo & Company (NYSE: WFC) introduces ATM Cash Tracker. ATM Cash Tracker allows customers to set a monthly withdrawal target and provides detail about how much the customer withdrew the prior month and their average over the past 12 months. Once established, an ATM Cash Tracker...
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Banks Are Opening Up Their Coffers
Wednesday, December 8, 2010 - 6:42am | 486Fellow bank stock investors, we are finally about to be rewarded for our patience over the last year and a half. Banks are about to start paying cash back to shareholders.The big banks are going to raise their dividends starting in 2011.
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WFSL Lowered to Underperform - Analyst Blog
Tuesday, December 7, 2010 - 9:15pm | 549We have recently downgraded our recommendation on Washington Federal Inc. (WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Washington Federal's fiscal fourth-quarter 2010 earnings missed the Zacks Consensus Estimate by a nickel....
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WFSL Lowered to Underperform - Analyst Blog
Tuesday, December 7, 2010 - 6:58pm | 549We have recently downgraded our recommendation on Washington Federal Inc. (WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Washington Federal's fiscal fourth-quarter 2010 earnings missed the Zacks Consensus Estimate by a nickel....
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The Fighting Irish (AIB)
Tuesday, December 7, 2010 - 4:06pm | 175Allied Irish Banks, plc. (NYSE: AIB) is up more than 25% today, on heavy volume today. This comes on the back of news that bank holders in the Irish banks want to minimize losses they will be taking from a government plan that would cause bondholders to help with some of the cost of strengthening...
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Morning Market Movers (IRE, EROCW, AIB, ZNWAW)
Tuesday, December 7, 2010 - 11:01am | 123The Governor and Company of The Bank of Ireland (NYSE: IRE) shares surged 20.83% to $2.61 by 10:00 am. IRE's trailing-twelve-month operating margin is 164.16%. Eagle Rock Energy Partners LP (NASDAQ: EROCW) jumped 18.94% to $2.70. EROCW's trailing-twelve-month operating cash flow is $109.61 million...
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Wells Fargo Announces $64 Million Extension to The Pasha Group
Tuesday, December 7, 2010 - 10:03am | 98As part of its focus on commercial banking, Wells Fargo & Company (NYSE: WFC) said today it has extended $64 million in senior credit facilities to The Pasha Group, a growing and global transportation services company based in Northern California. The Wells Fargo commercial banking financing...
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Bank of Ireland Higher in Pre-Market Trading
Tuesday, December 7, 2010 - 9:17am | 76Bank of Ireland ADRs (NYSE: IRE) trading higher in pre-market trading on continued growth in Europe and associated bailouts. The bank was badly hit by the Irish financial crisis and situation became more complicated after Ireland went to Europe for a bailout of about $110 billion. The bank had new...
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Benzinga's Top ETF Decliners (ZSL, TMV, XPP, EWP)
Monday, December 6, 2010 - 7:26pm | 182ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 6.14% today, as silver futures continued to move higher. This was the eight trading session in a row that ZSL closed in the positive territory. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) fell 4.24%, and closed at $41.58. It had...
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PowerShares Introduces Four KBW Financial ETFs
Monday, December 6, 2010 - 3:00pm | 859PowerShares introduced four new ETFs based on KBW financial industry indexes on 12/02/2010. This marks the first time that PowerShares and KBW (Keefe, Bruyette & Woods) have teamed up in the ETF space. Seven other ETFs based on different KBW indexes are currently on the market under the SPDR...
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Credit Suisse Decreases Price Target on Royal Bank of Canada (RY)
Monday, December 6, 2010 - 10:53am | 98Credit Suisse decreases its price target on Royal Bank of Canada (NYSE: RY) from C$56 to C$52. In a note to clients, Credit Suisse reports, "A weak quarter and a cloudy near-term outlook. RY missed expectations mainly due to a 13% QoQ increase in non interest expenses. We were disappointed by the...
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Company News for December 6, 2010 - Corporate Summary
Monday, December 6, 2010 - 10:43am | 859• Rio Tinto (NYSE: RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining • Barron's wrote favorably on Big Lots (NYSE: BIG) on valuation merits after last week's earnings miss • According to All Things Digital, talks between Google (NASDAQ:...
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Company News for December 6, 2010 - Corporate Summary
Monday, December 6, 2010 - 10:21am | 859• Rio Tinto (NYSE: RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining • Barron's wrote favorably on Big Lots (NYSE: BIG) on valuation merits after last week's earnings miss • According to All Things Digital, talks between Google (NASDAQ:...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, December 6, 2010 - 9:30am | 354Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) AK Steel Holding Corp (AKS) Anworth Mortgage Asset Corp (ANH) Barclays PLC (BCS) Barnes Group Inc (B) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report AK STEEL HLDG (...
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Keefe Bruyette Downgrades RY To Market Perform
Monday, December 6, 2010 - 9:21am | 44Analysts at Keefe Bruyette downgrade Royal Bank of Canada (NYSE: RY) from "outperform" to "market perform." RY's shares lost 4.32% to close at $53.17 on Friday. More Analyst Ratings here