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Benzinga's Top ETF Gainers (TMV, TBT, PALL, DPK)
Tuesday, October 26, 2010 - 5:36pm | 189Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) led the gainers among the ETFs on Tuesday, with an increase of 4.59%. TMV closed at $38.77, and had a volume of 586K traded shares. ProShares UltraShort 20+ Year Treasury (ETF) (NYSE: TBT) traded 3.04% higher on Tuesday. TBT managed to...
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Financial Sector Roundup (JPM, GS, BAC, WFC, C, XLF)
Tuesday, October 26, 2010 - 3:50pm | 159The financial sector has been a tremendous drag on the overall stock market over the last few months. Can you imagine where the S&P might be trading if it weren't for the lagging financials, whose businesses are crucial to a sustainable recovery? During Tuesday's trading session, the sector is...
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Wells Fargo & Company Announces Dividend of 5 Cents
Tuesday, October 26, 2010 - 3:04pm | 41Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.05 per share. The dividend is payable December 1, 2010, to stockholders of record on November 5, 2010. The Company has approximately 5.2 billion shares outstanding.
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Dick Bove Comments On Northern Trust Rumor (NTRS)
Tuesday, October 26, 2010 - 2:05pm | 117Rochdale Securities analyst Dick Bove had some comments on the supposed merger between Northern Trust (NASDAQ: NTRS) and HSBC (NYSE: HBC). The number being thrown out on Wall Street is $65 per share, which Bove called a "gift." He said he expects a price around $58, but did say that a merger...
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Afternoon Market Update (NTRS, HBC, IBM, DAL, LCC, AMR)
Tuesday, October 26, 2010 - 12:07pm | 196Shares of Northern Trust Corp (NASDAQ: NTRS) gained about 4% after the UK's Daily Mail report. According to the report, HSBC Holdings Plc (NYSE: HBC) is likely to make an offer of $65 per share for NTRS. HSBC recently withdrew a plan of purchasing a stake in Nedbank Group. The board of directors of...
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Northern Trust Up In Pre-Market On Merger Rumors (NTRS, HBC)
Tuesday, October 26, 2010 - 9:24am | 76Shares of Northern Trust Corporation (NASDAQ: NTRS) are up 4% in pre-market on rumors that HSBC Holdings (NYSE: HBC) may bid for the company. According to the U.K.'s Daily Mail, HSBC is going to offer $65 in cash for the bank. Northern Trust provides asset servicing, fund administration, investment...
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Jim Cramer's Stop Trading: Cramer Sees Ford (F) At $17 (F, C, WFC, LYB, LMT)
Monday, October 25, 2010 - 5:22pm | 276On CNBC's "Stop Trading, Listen to Cramer!", Jim Cramer said that Citigroup Inc. (NYSE: C) will make a sharp move higher when government stops selling its shares. He added that other banks are performing poorly, but he believes that Wells Fargo & Company (NYSE: WFC) had a good quarter. Citi (C...
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Benzinga's Top ETF Decliners (SOXS, EDZ, SMN, ZSL)
Monday, October 25, 2010 - 4:49pm | 202Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) fell 3.47% on Monday as Advanced Micro Devices, Inc. (NYSE: AMD) spiked 5.37%. SOXL closed at $25.61, and had a volume of 134K traded shares. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) dropped 3.41% as the MSCI Emerging...
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Buffett's Underperformers: A Good Bet On A Blue-Chip Rebound?
Monday, October 25, 2010 - 1:39pm | 334If we were all as lucky as Warren Buffett, we would be able to make investments in companies like ConocoPhillips (NYSE: COP), U.S. Bancorp (NYSE: USB-PH), Kraft Foods (NYSE: KFT), Sanofi-Aventis (NYSE: SNY), Johnson & Johnson (NYSE: JNJ) and Wells Fargo & Company (NYSE: WFC) and call them...
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Goldman: QE2 Could Be $2 Trillion
Monday, October 25, 2010 - 11:47am | 181Goldman Sachs (NYSE: GS) said this morning that it thinks the eventual dollar amount on QE2 could be $2 trillion when all is said and done. Chief economist Jan Hatzius said that the Fed could do a purchase of $500 billion over a span of 6 months, or do a $100 billion a month program. In a note to...
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U.S. Bank and Kroger Partner to Provide Rewards
Monday, October 25, 2010 - 11:30am | 176U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB) and The Kroger Co. (NYSE: KR) today announced that U.S. Bank will issue credit cards and reloadable prepaid debit cards with rewards. Customers who shop at Kroger's family of stores – including Ralphs, Fred Meyer, Fry's, King Soopers, Dillons, QFC...
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Buffett's Blue-Chip Bargains
Monday, October 25, 2010 - 11:07am | 386A recent Barron's article discussed that there is no arguing that Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has an extraordinary track record when it comes to investing. Over the past few years he has had large stakes in companies such as U.S. Bancorp (NYSE: USB), Kraft...
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Zacks #1 Rank Additions for Monday - Tale of the Tape
Monday, October 25, 2010 - 8:33am | 304Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Advance Auto Parts Inc (AAP) AFLAC Incorporated (AFL) Banco de Chile ADR (BCH) BJ's Restaurants Inc (BJRI) CNB Financial Corp (CCNE) View the entire Zacks #1 Rank List. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AFLAC...
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U.S. Bancorp Upgraded To Outperform
Friday, October 22, 2010 - 9:22am | 163Oppenheimer has published a research report on U.S. Bancorp (NYSE: USB) as major growth is to be expected from the company, and thus Oppenheimer has upgraded the company to Outperform. In the report, Oppenheimer writes "The word "growth" appears eight times on the front page of USB's 3Q10 earnings...
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Athene Holding Ltd. to acquire Liberty Life Insurance Company for $6281M
Friday, October 22, 2010 - 9:17am | 130Royal Bank of Canada (NYSE: RY) today announced that Athene Holding Ltd. has agreed to acquire Liberty Life Insurance Company, the U.S. life insurance business of RBC Insurance for US$628.1 million. The transaction is subject to regulatory approvals and customary closing conditions, and is...