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Big Banks Still a Force in Insurance Industry
Friday, September 17, 2010 - 7:56am | 136NEW YORK (TheStreet) - Among a published ranking of companies with the strongest operating insurance subsidiaries, several bank holding companies stand out. SNL Financial's statutory insurance performance rankings for public companies includes Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC...
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EU Tightens Short-Sale Norms - Analyst Blog
Thursday, September 16, 2010 - 4:09pm | 2717In an effort to restrain the excessive risk-taking attitude of traders while dealing with the complicated financial products such as derivatives, the European Union (EU) has proposed a number of initiatives for regulation on short-selling and credit default swaps. According to the proposal,...
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Wyndham Issues Senior Notes - Analyst Blog
Thursday, September 16, 2010 - 11:42am | 639Wyndham Worldwide Corporation (WYN) announced the pricing of $250 million unsecured senior notes. The senior notes bear an annual interest rate of 5.75% and will mature in eight years. The interest will be paid semi annually on February 1 and August 1 of each year, commencing February 1, 2011....
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Company News for September 16, 2010 - Corporate Summary
Thursday, September 16, 2010 - 10:15am | 461• FedEx (NYSE: FDX) posted fiscal first quarter earnings one cent below consensus expectations, coming in at $1.20 on a revenue gain of 18.1% to $9.46 billion, above projections of $9.39 billion. The company raised its fiscal 2011 guidance to $4.80-$5.25 • Microsoft (NASDAQ: MSFT) launched its new...
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Serious ETF Drawbacks?
Thursday, September 16, 2010 - 8:17am | 1103In the last few days there have been quite a few commentaries posted that explore the downside to ETFs. Obviously I have been a big proponent for the wrapper for the access they provide and the democratization of certain strategies. Additionally I have tried to point out various drawbacks as I have...
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Stock Market News for September 14, 2010 - Market News
Tuesday, September 14, 2010 - 6:03pm | 1093Activity on the mergers and acquisitions front and robust Chinese factory data buoyed confidence that the recovery is beginning to gain momentum, sending stocks higher for a fourth successive session. Financials got a boost after global regulators agreed to implement measures that will make it...
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Company News for September 14, 2010 - Corporate Summary
Tuesday, September 14, 2010 - 5:36pm | 675• Best Buy (NYSE: BBY) posted earnings sharply above estimates at 60 cents, versus estimates of 44 cents on revenues of $11.34 billion • MedAssets (NASDAQ: MDAS) plans to purchase The Broadlane Group for $850 million in cash • Reports say Green Mountain Coffee Roasters (NASDAQ: GMCR) is planning to...
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Huge Rally In Gold And Silver; Manipulators Throwing In The Towel? (GLD)
Tuesday, September 14, 2010 - 2:48pm | 114Gold and silver are making huge moves during Tuesday's trading session. COMEX gold futures have jumped 2.10% to $1,273.30. Silver futures are up 1.63% to $20.48. These markets are powder kegs as a result of the manipulation that is taking place by J.P. Morgan (NYSE: JPM) and HSBC (NYSE: HBC). Both...
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Zacks Analyst Blog Highlights: JPMorgan Chase, Fifth Third Bancorp, U.S. Bancorp, Zions Bancorp and PNC Financial Services - Press Releases
Tuesday, September 14, 2010 - 7:36am | 1463For Immediate Release Chicago, IL – September 14, 2010 – Zacks.com Analyst Blog features: JPMorgan Chase & Co. (JPM), Fifth Third Bancorp (FITB), U.S. Bancorp (USB), Zions Bancorp (ZION) and PNC Financial Services Group Inc. (PNC ). Get the most recent insight from Zacks Equity Research with...
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Portfolio Update
Monday, September 13, 2010 - 10:56pm | 419I added shares of Bank of America (BAC) and Wells Fargo (WFC) to my portfolio. Analysts are still down on the financial sector. I think that these stocks are still a great contrarian play. An economic rebound is coming and these companies will benefit the most in the coming years. Share this...
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Portfolio Update
Monday, September 13, 2010 - 10:56pm | 419I added shares of Bank of America (BAC) and Wells Fargo (WFC) to my portfolio. Analysts are still down on the financial sector. I think that these stocks are still a great contrarian play. An economic rebound is coming and these companies will benefit the most in the coming years. Share this...
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SurModics Stays Neutral - Analyst Blog
Monday, September 13, 2010 - 4:36pm | 770SurModics (SRDX), headquartered in Eden Prairie, Minnesota, is a provider of surface modification and drug delivery technologies to the healthcare industry. Following the changes in operational structure affected in 2008, the company currently operates through the following business units:...
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UDR Prices Share Offer - Analyst Blog
Monday, September 13, 2010 - 12:06pm | 522UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently announced plans to offer 16.0 million common shares at $20.35 each to raise cash. The company will also grant the underwriters an option to purchase an additional 2.4 million shares to cover any over-allotments...
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Basel Standards Seen As Positive
Monday, September 13, 2010 - 11:37am | 267The Basel Committee released the well telegraphed capital ratios today, which were inline with expectations, according to Deutsche Bank. Given the increased clarity and current capital ratios at the US banks and brokers, it is viewed as an incremental positive. DB continues to like the risk/...
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Bookkeeping: Selling Almost All Remaining HDFC Bank (HDB)
Monday, September 13, 2010 - 10:32am | 380Indian financial HDFC Bank (HDB) is now our oldest holding as I have never sold it out of the portfolio since switching to Investopedia.com for tracking purposes in Jan 2009. That said, I sometimes neglect it and have not touched it since June as its valuation has been extreme. It is now at 30x...