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J.P Morgan Comments On Charles Schwab's Solid Quarter
Wednesday, January 19, 2011 - 10:38am | 189Charles Schwab (NASDAQ: SCHW) reported 4Q10 EPS of $0.10, in line with estimates. The results were better than expected, based largely on a higher than expected NIM and better than modeled net sales, which rose to $11bn in 12/10. J.P Morgan maintains its OW rating, but is concerned about the near-...
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Stock Market News for Jan 19, 2011 - Market News
Wednesday, January 19, 2011 - 10:15am | 1488Investors' optimism helped markets close higher as stocks continued to gain momentum after an upbeat manufacturing report released by the Federal Reserve Bank of New York. The report helped energy and material share prices to go up despite weak Citigroup results and sliding prices of Apple (NASDAQ...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 10:09am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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Lloyd Blankfein Got What? (GS)
Wednesday, January 19, 2011 - 9:55am | 308Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein received an invitation to the White House while Chinese President Hu Jintao is meeting with President Obama to discuss economic matters between the two countries. Inviting Blankfein is a sign that the White House is becoming more pro-business, and...
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Goldman Sachs Reports $3.79 EPS (GS)
Wednesday, January 19, 2011 - 9:28am | 227New York city-based Goldman Sachs Group, Inc. (NYSE: GS) on Wednesday morning released financial results. Goldman Sachs Group, Inc reported that its 4th quarter net earnings fell 53% to $2.2 billion, or $3.79 per share, down from $4.8 billion, or $8.20 per share, a year earlier. A poll of analysts...
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Goldman Sachs Reports Q4 EPS of $3.79
Wednesday, January 19, 2011 - 9:10am | 55Goldman Sachs (NYSE: GS) reports its Q4 EPS at $3.79, beating the consensus of $3.76. GS reports its Q4 revenue at $8.64 billion, versus the consensus of $9 billion. GS shares fell 3.01% to $169.43 in pre-market trading. Read more from Benzinga's Company news.
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US Stock Futures Slightly Down As Investors Await Goldman Results, Apple Reports Strong Earnings
Wednesday, January 19, 2011 - 8:02am | 404US stock index futures are slightly lower this morning after strong earnings report from Apple Inc (NASDAQ: AAPL). Investors are awaiting results from Goldman Sachs Group Inc (NYSE: GS). Futures on the Dow Jones Industrial Average dropped 3 points to 11,808.00, while S&P 500 futures declined 2....
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This Earnings Season - Appeasements and Punishments
Wednesday, January 19, 2011 - 5:55am | 785Since Aloca (NYSE: AA) kicked off the current earnings season on Jan 10, there were two distinct reactions to the results - Appeasements and Punishments. The current market sentiment and the two different reactions are best captured by this little story: Everyone is appeased upon getting an Apple...
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Earnings Scheduled For January 19 (GS, FFIV, WFC, IGTE, STX, ADTN, STT, EBAY, XLNX, APH, AMR, SLM, DGII, KMP, HCBK, MTG)
Wednesday, January 19, 2011 - 5:19am | 417Goldman Sachs Group Inc (The) (NYSE: GS) is projected to report its Q4 EPS at $3.79 on revenue of $9.00 billion. F5 Networks Inc (NASDAQ: FFIV) is estimated to report its Q1 earnings at $0.82 per share on revenue of $270.36 million. Wells Fargo & Company (NYSE: WFC) is projected to report its...
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Stocks To Watch For January 19 (AAPL, GS, IBM, EBAY, LLTC)
Wednesday, January 19, 2011 - 4:54am | 264Some of the stocks that may grab investor focus today are: Apple Inc (NASDAQ: AAPL) reported its FQ1 earnings at $6.43 per share, up from $3.67 per share, in the year-ago period. The company's revenue surged more than 70% y/y to $26.74 billion. However, analysts were expecting earnings at $5.38 per...
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Prevewing Goldman Sach's Earnings (GS)
Tuesday, January 18, 2011 - 6:25pm | 90Goldman Sachs (NYSE: GS) is set to report earnings tomorrow before the opening bell, and analysts expect earnings of $3.76 per share on revenues of $8.99 billion. Goldman Sachs has beaten Wall Street estimates for quite some time, and has beaten by an average of $1.44 per share the past several...
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AIG IPO Set Up Oddly (AIG)
Tuesday, January 18, 2011 - 6:17pm | 163Details of the AIG (NYSE: AIG) "re-IPO" are emerging, and it's much different than most offerings. The offering has four book runners, whereas usually there is one or two lead banks on an offering. Not in this case. Bank of America (NYSE: BAC), J.P. Morgan (NYSE: JPM), Deutsche Bank (NYSE: DB)...
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Morgan Stanley (MS) Does *NOT* Initiate Coverage on E-Commerce China Dangdang (DANG)
Tuesday, January 18, 2011 - 3:23pm | 1114It's like a soap opera around here. After the weekend 'exchange of ideas' (for the sordid explicit details feel free to head over to the BusinessInsider) on Weibo, Morgan Stanley (MS) has not issued the traditional "buy buy buy" coverage this morning now that the quiet period is over. You can bet...
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FBR Raises Schwab Price Target To $18 After Earnings Miss (SCHW)
Tuesday, January 18, 2011 - 3:13pm | 48FBR Capital rasies its price target on Schwab (NASDAQ: SCHW) after the company missed EPS estimates earlier today. FBR claims a $18 price target for SCHW. At last check SCHW was trading above FBR Capital's price target at $18.58, 1.27% below Friday's close.
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Schwab Beats on Higher Revenue - Analyst Blog
Tuesday, January 18, 2011 - 3:01pm | 676Charles Schwab Corporation's (SCHW) fourth quarter earnings came in at 18 cents per share, substantially ahead of the Zacks Consensus Estimate of 10 cents. This also compares favorably with the year-ago quarter's earnings of 14 cents. For the fiscal year 2010, the company reported earnings of...