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Stifel Nicolaus Says Goldman Fallout Could Help Exchanges (GS, ICE, CME)
Wednesday, April 21, 2010 - 2:46pm | 116In a client note released today, Stifel Nicolaus analysts wrote that "Friday's announcement of formal SEC charges being brought against Goldman Sachs (NYSE: GS) sent shockwaves through the markets, rekindling fears over regulatory and legal risk in the financial sector. In our view, any additional...
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Morning Market Update (BHP, LEHMQ.PK, JPM, MS, GS, BAC, USB, GOOG, MSFT)
Wednesday, April 21, 2010 - 1:15pm | 434BHP Billiton (NYSE: BHP) may be the subject of a corruption probe. Following an information request from the SEC, BHP said that it has found "possible violations of applicable anti-corruption laws involving interactions with government officials." Although BHP did not disclose the location of the...
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Morgan Stanley Beats Estimates, Stock Surging (MS)
Wednesday, April 21, 2010 - 12:12pm | 149Morgan Stanley (NYSE: MS) released their quarterly earnings numbers prior to the opening bell this morning. The firm reported that Q1 net income applicable to the company was $1.845 billion, compared to a loss of $17 million in the year ago quarter. Earnings applicable to common shareholders were $...
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Company News for April 21, 2010 - Corporate Summary
Wednesday, April 21, 2010 - 9:45am | 347• Analysts at Deutsche Bank (NYSE:DB), Barclays (NYSE:BCS) and Thomas Weisel raised price targets and iPhone sales estimates for Apple (NASDAQ:AAPL) following last night's blowout earnings and sales report. Apple posted better-than-estimated earnings of $3.33 per share on revenues of $13.5 billion...
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Stock Market News for April 21, 2010 - Market News
Wednesday, April 21, 2010 - 9:45am | 556Better-than-expected profit reports from some big Wall Street names helped overcome concerns that increased financial regulations would limit banks’ lending abilities and eat into their profits. Stocks managed to end higher for a second consecutive day as investors picked up stocks from every...
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Top 5 Mid-Cap Stocks In The Financial Sector With The Highest ROE (EV, ADS, FII, GHL, WDR)
Wednesday, April 21, 2010 - 9:40am | 142Below are the top 5 mid-Cap financial stocks in terms of ROE. Eaton Vance Corporation (NYSE: EV) has a ROE of 49.93%. EV's quarterly earnings growth is 87.20% year-on-year. Alliance Data Systems Corporation (NYSE: ADS) has a ROE of 43.10%. ADS has a PEG ratio of 0.79. Federated Investors, Inc (NYSE...
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Bernstein Research Revises Estimates And Price Target For TD Ameritrade Holding Corp. (AMTD)
Wednesday, April 21, 2010 - 9:21am | 116Analysts at Bernstein Research have released an update on TD Ameritrade Holding Corp. (NASDAQ: AMTD). TD Ameritrade reported its second-quarter results on Tuesday. The company reported second-quarter EPS of $0.27, which was ahead of analysts’ estimate of $0.23. The upside was due to a one-time tax...
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US Stock Futures Point To Flat Opening
Wednesday, April 21, 2010 - 9:00am | 251US stock futures were on neutral ground today as investor optimism over blowout earnings by Apple (NASDAQ: AAPL) was tempered by a proposal that could result in banks paying tax to the tune of $2 trillion. While futures on the Nasdaq 100 added 9.25 points to 2033.50, those on the S&P 500 fell a...
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Morgan Stanley (MS) Reports $1.85 Billion In First-Quarter Profit
Wednesday, April 21, 2010 - 8:54am | 101Morgan Stanley (NYSE: MS) has reported its first-quarter results. The bank reported a profit of $1.85 billion, or $0.99 per share in its first-quarter, compared with a loss of $17 million, or $0.57 per share it reported for the same period last year. Earnings from continuing operations stood at $1...
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TD Ameritrade Pares Down Annual Earnings Expectations (AMTD)
Tuesday, April 20, 2010 - 5:43pm | 152TD Ameritrade Holding Corp (NASDAQ: AMTD) has slashed its annual outlook. The second-largest U.S. discount broker has been mired by low volatility and low interest rates. Fred Tomczyk, Chief Executive Officer, said, “The combination of lower intraday volatility and near-zero interest rates...
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Republican Lawmaker Raises Question On Timing Of Goldman Sachs (GS) Case
Tuesday, April 20, 2010 - 4:11pm | 133A top Republican lawmaker has raised questions on the timing of the case filed by the SEC against Goldman Sachs (NYSE: GS). The SEC filed a lawsuit against Goldman on Friday. Following this, some Democrats have said the case for financial regulation overhaul has become stronger now. However,...
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Market Roundup (CPN, POM, TGT, V, GS, SCHW, MCO)
Tuesday, April 20, 2010 - 4:04pm | 362Top natural gas-fueled power producer Calpine (NYSE: CPN) is said to be very close to completing a takeover deal of Conectiv Energy for more than $1.5 billion. The purchase of Conectiv Energy, which currently belongs to Pepco Holdings (NYSE: POM), would enable Houston-based CPN to benefit from...
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BGC Partners May Post The Strongest Quarter On Record For Q1
Tuesday, April 20, 2010 - 3:31pm | 164Analysts at Raymond James maintain their "outperform" rating on BGC Partners Inc (NASDAQ: BGCP). According to Raymond James, BGC Partners’ earnings growth prospects are bright over the forthcoming years. “With massive government debt issuance almost certain to continue for several years, it is...
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Goldman Sachs' Outlook For Steel (X, STLD)
Tuesday, April 20, 2010 - 2:17pm | 149Goldman Sachs (NYSE: GS) released a research report today giving their outlook for the Steel sector. The firm is bullish on steel prices, and believe that higher prices will stick. Goldman's favorite names in the sector are United States Steel (NYSE: X) and Steel Dynamics (NASDAQ: STLD). During...
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Biogen Misses Zacks Consensus - Analyst Blog
Tuesday, April 20, 2010 - 2:00pm | 674Biogen Idec Inc. (BIIB) reported first-quarter earnings per share of $1.04, a cent above the year-ago figure of $1.03 but well below the Zacks Consensus Estimate of $1.12. Excluding the impact of stock-based compensation expense, earnings came in at $1.08 per share. Despite an increase in...