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Fed Devises Dividend Increase Plan - Analyst Blog
Thursday, November 18, 2010 - 4:33am | 662Following the doubling of dividend and share buyback announcement by Comerica Inc. (CMA), the Federal Reserve has devised guidelines that it would follow to grant banks, that undergone stress test in 2009, the permission to increase dividends and buy back shares. The Fed plans to start...
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, November 18, 2010 - 4:14am | 344Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Abraxas Petroleum Corp (AXAS) Amer Reprographics Co (ARP) Barclays PLC (BCS) Brookfield Asset Mgmt Inc (BAM) Companhia Siderurgica Nacional ADR (SID) View the entire Zacks #5 Rank List. AMER REPROGRAPH (ARP): Free Stock...
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Growth & Income Stock Picks-Nov.18, 2010 - Zacks Rank Buys
Wednesday, November 17, 2010 - 8:00pm | 89BANCOLOMBIA-ADR (CIB): Free Stock Analysis Report CINEMARK HLDGS (CNK): Free Stock Analysis Report Zacks Investment Research
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30-Yr Bond Yields Leading Move in Dollar 11-17-2010
Wednesday, November 17, 2010 - 7:49pm | 882Cusick's Corner The market continued its grind into the After Hours with neither side catching any momentum. I have been keeping an eye on the Euro -- as the Euro goes, so goes the market. If the Euro firms up and runs, expectations would be that the market would follow. 30yr Bond yields have...
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PG&E Corporation Issues Notes - Analyst Blog
Wednesday, November 17, 2010 - 7:33pm | 717On Thursday, Reuters reported that one of the largest combined natural gas and electric utilities in the U.S. PG&E Corporation (PCG) has issued fixed interest notes. This initiative is in line with its debt restructuring strategies. Merrill Lynch, a part of Bank of America Corporation (BAC),...
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Is Wells Fargo Liquidating Its Position In Rackspace? (RAX, WFC)
Wednesday, November 17, 2010 - 5:37pm | 147According to several Form 4 filings that have been registered over the past twelve days, Wells Fargo & Co. (NYSE: WFC) has sold 1,830,177 shares of Rackspace Hosting Inc. (NYSE: RAX) at an average price of $27.06. WFC became a seller once shares rose above $26.00 and have made the largest...
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Comerica Doubles Div, Declares Buyback - Analyst Blog
Wednesday, November 17, 2010 - 3:03pm | 558Comerica Inc. (CMA) is boosting investors' confidence by doubling its dividend and announcing a share repurchase authorization. The dividend, which increased to 10 cents from 5 cents paid in the prior quarter, is payable on January 1, 2011, to common shareholders of record December 15, 2010. ...
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PG&E Corporation Issues Notes - Analyst Blog
Wednesday, November 17, 2010 - 1:46pm | 717On Thursday, Reuters reported that one of the largest combined natural gas and electric utilities in the U.S. PG&E Corporation (PCG) has issued fixed interest notes. This initiative is in line with its debt restructuring strategies. Merrill Lynch, a part of Bank of America Corporation (BAC),...
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Jefferies Hearing Rumor That Bank Of Montreal Will Make $35 Cash Bid for Company
Wednesday, November 17, 2010 - 11:59am | 40Jefferies (NYSE: JEF) hearing rumor that Bank Of Montreal (NYSE: BMO) will make $35 cash bid for company to gain advantage of US brokerage industry
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Zacks Industry Outlook Highlights: ICICI Bank Limited, Banco Bradesco S.A., Banco Santander-Chile, Westpac Banking Corporation and HDFC Bank - Press Releases
Wednesday, November 17, 2010 - 11:33am | 1271For Immediate Release Chicago, IL – November 17, 2010 – Today, Zacks Equity Research discusses the Steel Industry, including ICICI Bank Limited (IBN), Banco Bradesco S.A. (BBD), Banco Santander-Chile (SAN), Westpac Banking Corporation (WBK) and HDFC Bank Limited (HDB). A synopsis of today's...
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Oppenheimer Reiterates Comerica Rating And PT
Wednesday, November 17, 2010 - 10:40am | 108Comerica Incorporated's (NYSE: CMA) unique capital base, which is already free of TARP and TruPS, stacks up favorably to its peers' as have the company's credit trends since the beginning of the recent recession, Oppenheimer reports. “Clearly the financial health of Comerica and quite possibly its...
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EMCORE Corporation Announces $35M Credit Facility
Wednesday, November 17, 2010 - 10:13am | 56EMCORE Corporation (NASDAQ: EMKR) today announced the establishment of a revolving credit facility with Wells Fargo (NYSE: WFC). The asset-based credit facility provides for borrowings up to $35 million for working capital requirements, letters of credit and other general corporate purposes.
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Comerica Doubles Div, Declares Buyback - Analyst Blog
Wednesday, November 17, 2010 - 9:12am | 558Comerica Inc. (CMA) is boosting investors' confidence by doubling its dividend and announcing a share repurchase authorization. The dividend, which increased to 10 cents from 5 cents paid in the prior quarter, is payable on January 1, 2011, to common shareholders of record December 15, 2010. ...
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Zacks Industry Outlook Highlights: ICICI Bank Limited, Banco Bradesco S.A., Banco Santander-Chile, Westpac Banking Corporation and HDFC Bank - Press Releases
Wednesday, November 17, 2010 - 6:01am | 1270For Immediate Release Chicago, IL – November 1, 2010 – Today, Zacks Equity Research discusses the Non-U.S. Banks Industry, including ICICI Bank Limited (IBN), Banco Bradesco S.A. (BBD), Banco Santander-Chile (SAN), Westpac Banking Corporation (WBK) and HDFC Bank Limited (HDB). A synopsis of today'...
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Market Focused on Interest Rate Moves 11-16-2010
Tuesday, November 16, 2010 - 7:52pm | 916Cusick's Corner The market stayed focused on any potential interest rate moves and their possible impact on the global economy, especially if China does raise rates. In commodities like Copper, the initial impact was in sympathy down and overall the continued stress from growth in that region, in...