-
Benzinga's Political Roundup (FITB)
Thursday, February 3, 2011 - 8:56am | 76Fifth Third Bancorp (NASDAQ: FITB) repurchased $3.4 billion in preferred stock the U.S. Treasury held, bringing the program closer to profitability. President Obama's chief of staff, William Daley, said not raising the legal limit on the U.S. debt ceiling could be “very dangerous” and have “...
-
Stock picks for Thursday February 3
Wednesday, February 2, 2011 - 7:33pm | 2238( click to enlarge ) Tellabs, Inc. (NASDAQ:TLAB) - Selling pressure is losing steam here. Good base building around $5.25. Technically speaking, TLAB shares are attractive since its near to the support level. As long as the support is there, I don't think its a problem to include this...
-
Fifth Third Redeems $3.4B U.S. Treasury Investment
Wednesday, February 2, 2011 - 12:53pm | 84Fifth Third Bancorp (Nasdaq: FITB) today announced that it has completed the repurchase of all 136,320 shares of its Series F Preferred Stock, originally issued in December 2008 under the U.S. Department of the Treasury's Troubled Asset Relief Program's (TARP) Capital Purchase Program (CPP). Fifth...
-
NASDAQ Stocks Hitting 52-Week Highs (NDAQ, MNTX, SASR, SGMA)
Wednesday, February 2, 2011 - 11:38am | 123The NASDAQ OMX Group Inc (NASDAQ: NDAQ) shares gained 3.16% to create a new 52-week high of $26.13. NDAQ posted better-than-expected Q4 profit. Manitex International Inc (NASDAQ: MNTX) shares gained 1.19% to create a new 52-week high of $5.97. MNTX's PEG ratio is 0.40. Sandy Spring Bancorp Inc (...
-
Genworth Financial Misses Estimates, Citigroup Maintains Sell
Wednesday, February 2, 2011 - 10:25am | 166Citigroup has published a research report on Genworth Financial Inc. (NYSE: GNW) after the company reported 4Q earnings results that fell short of analyst estimates. In the report, Citigroup writes "4Q10 operating loss of ($0.28) was well below our $0.17E which was consistent with First Call...
-
Keefe Bruyette & Woods Raises Estimates, PT on S&T Bancorp
Wednesday, February 2, 2011 - 10:07am | 131S&T Bancorp (NASDAQ: STBA) reported earnings of $0.41/sh as continued credit improvements led to a significantly lower provision driving the quarterly beat. Additional variances to Keefe Bruyette & Woods model included weaker spread and fee income along with higher operating expenses. As...
-
J.P Morgan Comments On FirstMerit Corp.; Lowers PT to $19.50
Wednesday, February 2, 2011 - 9:57am | 202FirstMerit (NASDAQ: FMER) reported 4Q10 results that at first glance appeared to be about a penny shy of J.P Morgan's estimate and a penny higher than consensus. Following the conference call, however, it appeared that the run-rate for core EPS would be even lighter than the penny miss versus its...
-
Zacks #5 Rank Additions for Wednesday - Tale of the Tape
Wednesday, February 2, 2011 - 9:22am | 343Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Actuate Corp (BIRT) Amcol Intl Corp (ACO) Amer Natl BankShares Inc (AMNB) The Cash Store Finl Services Inc (CSFS) CNA Finl Corp (CNA) View the entire Zacks #5 Rank List. AMCOL INTL CP (ACO): Free Stock Analysis Report AMER...
-
Zacks #5 Rank Additions for Wednesday - Tale of the Tape
Wednesday, February 2, 2011 - 9:14am | 350Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Actuate Corp (BIRT) Amcol Intl Corp (ACO) Amer Natl BankShares Inc (AMNB) The Cash Store Finl Services Inc (CSFS) CNA Finl Corp (CNA) View the entire Zacks #5 Rank List. AMCOL INTL CP (ACO): Free Stock Analysis Report AMER...
-
JP Morgan Lowers PT On FirstMerit To $19.50
Wednesday, February 2, 2011 - 8:51am | 27JP Morgan has lowered the price target on FirstMerit Corporation (NASDAQ: FMER) from $21 to $19.50 and maintains its Overweight rating.
-
PNC to Branch Out in Florida - Analyst Blog
Tuesday, February 1, 2011 - 6:01pm | 498PNC Financial Services Group Inc. (PNC) is set to expand by acquiring 19 branches from a subsidiary of BankAtlantic Bancorp Inc. (BBX). In this regard, both companies have entered into an agreement per which BankAtlantic Bancorp's subsidiary BankAtlantic will sell 19 Tampa Branches to PNC Bank N....
-
CVB Financial Corp. Announces Retirement of CFO
Tuesday, February 1, 2011 - 5:34pm | 56Christopher D. Myers, President and Chief Executive Officer of CVB Financial Corp. (NASDAQ: CVBF) announced the March 1, 2011 retirement of Edward J. Biebrich, Jr., Executive Vice President and Chief Financial Officer for CVB Financial Corp. and Citizens Business Bank and the appointment of Richard...
-
PNC to Branch Out in Florida - Analyst Blog
Tuesday, February 1, 2011 - 5:30pm | 498PNC Financial Services Group Inc. (PNC) is set to expand by acquiring 19 branches from a subsidiary of BankAtlantic Bancorp Inc. (BBX). In this regard, both companies have entered into an agreement per which BankAtlantic Bancorp's subsidiary BankAtlantic will sell 19 Tampa Branches to PNC Bank N....
-
Independent Bank Corporation Reports Q4 EPS of $(0.65)
Tuesday, February 1, 2011 - 5:29pm | 85Independent Bank Corporation (Nasdaq: IBCP) reported a fourth quarter 2010 net loss applicable to common stock of $4.9 million, or $0.65 per share, versus a loss of $49.2 million, or $20.49 per share, in the prior-year period. The net loss applicable to common stock for the year ended Dec. 31,...
-
Arrow Financial Corporation to Acquire Upstate Agency
Tuesday, February 1, 2011 - 1:09pm | 77Arrow Financial Corporation (Nasdaq: AROW): Thomas L. Hoy, Chairman, President and Chief Executive Officer of Arrow Financial Corporation announced today that Glens Falls National Bank and Trust Company, Arrow's lead banking subsidiary, has acquired Upstate Agency, Inc., a property and casualty...