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Earnings Roundup For May 19
Thursday, May 19, 2011 - 8:28am | 1013Williams-Sonoma Inc (NYSE: WSM) reported a 62% rise in its fiscal first-quarter net income. Williams-Sonoma reported a quarterly profit at $31.6 million, or $0.29 per share, versus $19.5 million, or $0.18 per share, in the year-ago period. Its adjusted earnings came in at $0.30 per share. The...
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Goldman Sachs Reports on Raymond James Financial
Thursday, May 19, 2011 - 7:03am | 149Goldman Sachs commented on Raymond James Financial (NYSE: RJF) in a report released today. In the report, Goldman Sachs was mixed in its assessment of the company. Goldman Sachs writes, “Raymond James posted April operating metrics, highlighting commission and fees income grew a subdued 2% YoY,...
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NetSol Technologies Signs MOU With Brasilinvest Group to Launch Joint Venture in Brazil
Thursday, May 19, 2011 - 6:03am | 152NetSol Technologies (Nasdaq: NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that it has signed a Memorandum of Understanding with the Brasilinvest Group, a large, pioneering...
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Morgan Stanley's CEO Gorman Says European Debt Issues Are 'Here For A While'
Wednesday, May 18, 2011 - 10:21am | 39Morgan Stanley's (NYSE: MS) CEO Gorman says, "reasonably confident that the Volcker rule will be `fair'... European debt issues are `here for a while'... European economic landscape will be a `grind'."
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SWS Group Stockholders Approve $100M Capital Raise with Hilltop Holdings and Oak Hill Capital Partners
Wednesday, May 18, 2011 - 10:12am | 54SWS Group, Inc. (NYSE: SWS) announced that at the Company's special meeting of stockholders held today, SWS Group's stockholders voted to approve the proposed $100 million capital raise with Hilltop Holdings Inc. (NYSE: HTH) and Oak Hill Capital Partners.
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Morgan Stanley's CEO Says Not Satisfied With Performance And Firm Has Capital To Capture New Opportunities
Wednesday, May 18, 2011 - 8:27am | 49Morgan Stanley (NYSE: MS) CEO James Gorman speaks at annual meeting. Gorman says, "he's by no means satisfied with performance... extremely well-positioned' for retail activity pickup... firm has capital to capture new opportunities... Morgan Stanley has clear plans to increase ROE."
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Wunderlich Securities Provides Color on Liberty Global
Wednesday, May 18, 2011 - 5:36am | 141Wunderlich Securities provided color on Liberty Global (NASDAQ: LBTYA). In a research report, Wunderlich discussed German request that the EU should review Liberty's proposed acquisition of KBW (NYSE: KBW). In the report, Wunderlich states, "The German government indicated yesterday morning that...
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Goldman Sachs Shareholders Stung In 2011 (GS)
Tuesday, May 17, 2011 - 1:33pm | 117Goldman Sachs (NYSE: GS) has been one of the worst performing financial stocks of 2011, falling almost 17% since the beginning of the year. Things have gotten even worse more recently, as the stock has shed around 10% in just the last month. On Tuesday, GS has lost 0.28% and is trading at $140.20...
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Benzinga's Political Roundup (BAC, GS, MS)
Tuesday, May 17, 2011 - 11:19am | 94New York Attorney General Eric Schneiderman has opened an investigation into the packaging of mortgage loans and will meet with executives of banks like Bank of America (NYSE: BAC), Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS). European finance ministers are talking about extending...
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Goldman Sachs Maintains Neutral on GFI Group (GFIG)
Tuesday, May 17, 2011 - 6:50am | 133Goldman Sachs is out with its report today on GFI Group (NASDAQ: GFIG), maintaining Neutral. In a note to clients, Goldman Sachs writes, "GFIG held its annual investor day yesterday (May 16), which will be followed up by a similar day in London. Broadly, the firm continues to view its opportunity...
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E*TRADE Prices Senior Notes
Monday, May 16, 2011 - 4:32pm | 117E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that it has priced an offering of $435 million aggregate principal amount of senior notes at par due 2016, which will bear interest at an annual rate of 6.75%. E*TRADE expects to close the sale of the notes on May 19, 2011 subject to the...
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Overall Trend is Intact 05-16-2011
Monday, May 16, 2011 - 1:45pm | 997Cusick's Corner The EU is still bogging down stocks and technically the challenge has been made to the Bulls. At this juncture this does not mean it's a trend change. The overall trend to the upside is intact unless there are some larger headlines (i.e. EU debt or Retail getting hit). The...
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Citi More Creditworthy Than Goldman Sachs -Bloomberg
Monday, May 16, 2011 - 1:35pm | 45Citigroup (NYSE: C) is seen as more creditworthy than Goldman (NYSE: GS) after CEO Vikram Pandit basically doubled a measure of bank capital to protect against losses reports Bloomberg.
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Most Popular Stocks Right Now on 5/16/11- CNOZ, MBYL, ALKS, BAC, DANR, PRM, HPNN, LOW, BRP, PSP, WNWG
Monday, May 16, 2011 - 7:29am | 1233Cono Italiano Inc. (CNOZ) is trading at a price of $0.0250, a dramatic change of +0.0050 with % change of 25.00% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 2.30M Mobile Data Corp (MBYL) is...
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E*TRADE Daily Average Revenue Trades For April Were 160,907, 4% Decrease From March And An 11% Decrease From The Year-ago Period
Monday, May 16, 2011 - 7:11am | 128E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for April 2011. Daily Average Revenue Trades for April were 160,907, a four percent decrease from March and an 11 percent decrease from the year-ago period. The company ended the month with approximately 2.8...