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Bulls Banking at RBS
Wednesday, December 1, 2010 - 1:20pm | 152Shares of The Royal Bank of Scotland Group (NYSE: RBS) are higher on the session by 6.46%, currently trading at $4.65. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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National Bank Of Greece Soaring (NBG)
Wednesday, December 1, 2010 - 11:46am | 88Shares of beleaguered Greek bank, National Bank of Greece (NYSE: NBG), are rallying hard today. The stock is up 21 cents, or 12.50%, to $1.89. The stock has fallen roughly 30 percent over the last three months. The move higher has come on the heels of positive manufacturing news from China and...
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Will European Riots Trigger a Rally?
Wednesday, December 1, 2010 - 11:27am | 510By Todd Harrison We asked last week whether European Dominoes Would Tumble Towards America. I suppose the more pressing question is whether they'll first fall on each other. I awoke this morning and scanned the headlines as per my usual routine. There, splashed across the front pages of The New...
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Top Performing Industries For December 1 (STD, NAV, BBVA, HOG)
Wednesday, December 1, 2010 - 11:26am | 182At 10:14 am, the Dow gained 1.75% to 11,198.11, the broader Standard & Poor's 500 index moved up 1.14% to 1,200.11 and the NASDAQ composite index rose 1.90% to 2,545.61. The industries that are driving the market today are: Foreign Money Center Banks: This industry jumped 4.13% by 10:14 am. The...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 10:30am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Fidelity Seals Bradesco Deal - Analyst Blog
Wednesday, December 1, 2010 - 9:29am | 871Electronic payment processor, Fidelity National Information Services Inc. (FIS) announced that it has signed a deal or memorandum of understanding (MOU) with Banco Bradesco (BBD), a Brazilian card processing bank. Financial terms of the deal were not disclosed. Under the 10-year deal, Fidelity...
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Deutsche Bank Upgrades BCH And SAN To Hold
Wednesday, December 1, 2010 - 9:27am | 110Deutsche Bank is upgrading Banco De Chile (NYSE: BCH) and Santander Chile (NYSE: SAN) to Hold, as the Chilean banks are now trading at 4.4x trailing book value, down from a peak of 5.5x reached in mid-September. “While still at a significant premium to their peers, we think this is partially...
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
Wednesday, December 1, 2010 - 9:22am | 342Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Adtran Inc (ADTN) Banco Bradesco SA (BBD) Bayer AG (BAYRY) Buenaventura SA (BVN) Check Point Software Tech Ltd (CHKP) View the entire Zacks #1 Rank List. ADTRAN INC (ADTN): Free Stock Analysis Report BAYER A G -ADR (BAYRY):...
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Piper Jaffray Neutral On Santarus (SNTS)
Wednesday, December 1, 2010 - 8:25am | 164Piper Jaffray has a Neutral rating on Santarus Inc. (NASDAQ: SNTS) and a $3.50 price target after the company presented at a Piper Jaffray conference. In a note sent to clients, Piper Jaffray writes, "Yesterday, Santarus presented at the Piper Jaffray Healthcare Conference. Management provided...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 5:07am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
Wednesday, December 1, 2010 - 4:14am | 342Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Adtran Inc (ADTN) Banco Bradesco SA (BBD) Bayer AG (BAYRY) Buenaventura SA (BVN) Check Point Software Tech Ltd (CHKP) View the entire Zacks #1 Rank List. ADTRAN INC (ADTN): Free Stock Analysis Report BAYER A G -ADR (BAYRY):...
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Banco Macro S.A. - Value
Wednesday, December 1, 2010 - 3:03am | 562The U.S. and European banks may still be dealing with debt but the South American banks are hot as their economies expand. Banco Macro S.A. (BMA) in Argentina, recently surprised on the Zacks Consensus for the 6th straight quarter. This Zacks #1 Rank (strong buy) is expected to grow earnings 20.4%...
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Banco Macro S.A. - Value
Tuesday, November 30, 2010 - 8:00pm | 562The U.S. and European banks may still be dealing with debt but the South American banks are hot as their economies expand. Banco Macro S.A. (BMA) in Argentina, recently surprised on the Zacks Consensus for the 6th straight quarter. This Zacks #1 Rank (strong buy) is expected to grow earnings 20.4%...
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World Stock Markets Daily Report (November 30, 2010)
Tuesday, November 30, 2010 - 4:46pm | 169U.S. stocks fell Monday, sending the S&P 500 Index down for the fourth time in five days, as Ireland's bailout failed to ease investor concern that Europe's debt crisis may spread to the southern region. The S&P 500 rallied in the final 90 minutes of trading, almost wiping out a 1.3% as...
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European Banks Falling On Debt Concerns (STD, UBS, BCS, DB, CS)
Tuesday, November 30, 2010 - 3:17pm | 131European banks are coming under continued pressure on Tuesday as Eurozone sovereign debt concerns are taking center stage right now. Despite a $113 billion bailout of Ireland, the volatility in Europe is likely far from over as now the market is focused on Portugal. Here is how some of the widely...