Diversified Capital Markets

Credit Suisse (ADR) (NYSE: CS) has released an update on Motorola Inc. (NYSE: MOT) in a research report released yesterday. Following Motorola’s fourth quarter results, Credit Suisse has lowered the FY10 EPS estimate from $0.44 to $0.36. The FY11 EPS estimate has been initiated at $0.63. Motorola...

Credit Suisse (ADR) (NYSE: CS) has reinstated coverage for Oracle Corporation (NASDAQ: ORCL) with an Outperform rating, in a research report released yesterday. The price target for the company has been set at $30. The acquisition of Sun Microsystems Inc. will improve the competitive position for...

BNY Mellon, a division of Bank of New York Mellon Corp. (BK), said on Monday that it has obtained a license from the China Securities Regulatory Commission (CSRC) to invest in yuan-denominated Chinese securities as a Qualified Foreign Institutional Investor.  This approval follows BNY Mellon’s...

First Horizon (NYSE: FHN) showed a downward trend in its provision expenses. According to a report released by Deutsche Bank (NYSE: DB), the provision expenses figure for Q4 was down by $50 million to $135 million from Q3 figure. But this figure is still significantly higher than the core pre-...

Comerica (NYSE: CMA) added 112 bps to its Tier 1 common ratio, which stood at 8.2% at the end of CY2009. Comerica did not show any meaningful increase in its commercial loan growth, although there was a significant increase in its core deposit growth, which increased by 25% during 2009. According...

Citibank (NYSE: C) lost Investment Banking market share in equity capital market in 2009. It dropped from #4 to #6, but gained share in debt capital markets, where its rank rose from #5 to #3. According to a report released by Deutsche Bank (NYSE: DB), Citi’s Q4 core expenses grew by 4% whereas...

According to a report released by Deutsche Bank (NYSE: DB) yesterday, BB&T Bank (NYSE: BBT) showed a strong deposit growth during Q4. It increased its deposit by $1.5 billion during the quarter. However, the bank wrote down its goodwill by $157 million to $533 million. BB&T Bank’s mortgage...

• ExxonMobil (NYSE:XOM) posted fourth quarter earnings of $1.27 a share, beating Zacks of $1.19 a share, versus $1.55 a year ago.  The company reported revenues of $89.84 billion • Humana (NYSE:HUM) posted fourth quarter earnings of $1.48, in-line with Zacks estimates, versus $1.07 on revenues of $...

Bloomberg reports that Benedikt Germanier, a senior currency strategist with UBS (NYSE: UBS), decided to ditch UBS to become boss at a luxury ski-maker in Switzerland. He dropped his bonus and the perks of life as a banker on the way, joining Zai AG, which has a total of 10 employees that include...

Bloomberg reports that chief execs of some of the biggest banks in the world met at Davos on the sidelines of the ongoing World Economic Forum. The objective was to find ways to respond to the challenges posed by governments and regulators. Some of these bank leaders included Brian Moynihan of...

Procter & Gamble (NYSE: PG) posted impressive Q2 financial numbers. It surpassed the market estimates and registered an EPS of $1.49. Market estimates were pegged at $1.42. Procter & Gamble also posted the revenue to the tune of $21.03 billion for the quarter. Talking with CNBC, Nik Modi,...

We are initiating coverage of Nile Therapeutics (NLTX) with an Outperform rating and a near-term price target of $2.50 per share. Nile is developing CD-NP, a chimeric natriuretic peptide currently in phase II clinical studies for the treatment of acute decompensated heart failure (ADHF). This is a...

We are initiating coverage of Nile Therapeutics (NLTX) with an Outperform rating and a near-term price target of $2.50 per share. Nile is developing CD-NP, a chimeric natriuretic peptide currently in phase II clinical studies for the treatment of acute decompensated heart failure (ADHF). This is a...

Analysts at Deutsche Bank (NYSE: DB) have released an update on Gilead Sciences Inc. (NASDAQ: GILD). Gilead reported results yesterday for the fourth quarter which was above the consensus. The company also provided guidance for 2010 which were again well ahead of consensus. Historically, Gilead’s...

In November, housing prices increased by 0.24% on a seasonally adjusted basis for both the Case Schiller (CS) Composite 10 (CS-10) and Composite 20 (CS-20) city indexes. The CS indexes are considered the gold standard of housing price indexes, and track actual repeat sales, and are thus not...