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J.P. Morgan Retains Neutral on First Horizon National (FHN)
Monday, January 24, 2011 - 11:03am | 125J.P. Morgan is out with its report today on First Horizion National (NYSE: FHN), retaining Neutral on FHN. In a note to clients, J.P. Morgan writes, "Maintain Neutral. Following 4Q results we are reducing our 2011 and 2012 estimates from $0.43 and $0.64 to $0.26 and $0.53, respectively, as a result...
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Bank Failures Rise to 7 - Analyst Blog
Monday, January 24, 2011 - 10:31am | 831Last Friday, U.S. regulators shuttered four more banks in North Carolina, South Carolina, Georgia and Colorado, pushing up the failed U.S. banks figure to 7 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly...
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Jefferies Raises PT on SunTrust Banks (STI)
Monday, January 24, 2011 - 10:18am | 106Jefferies is out with its report today on SunTrust Banks (NYSE: STI), increasing its PT on STI from $30 to $32. In its report, Jefferies notes, "We raise '11, '12, and '13 estimates to $0.90 (from $0.85), $2.20 (from $2.15), and $3.05 (from $2.90), respectively, to reflect a better revenue outlook...
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Company News for January 24, 2011 - Corporate Summary
Monday, January 24, 2011 - 10:15am | 409• SunTrust Banks Inc (NYSE:STI) increased 5.9% after the bank posted good earnings number resulting from lower loan-loss provisions, beating analysts' estimates • Share prices of BB&T Corp (NYSE:BBT) rose 4.8% after its revenue increased by 12% • Share prices of Drug maker Hospira (NYSE:HSP),...
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Bank Failures Rise to 7 - Analyst Blog
Monday, January 24, 2011 - 9:57am | 831Last Friday, U.S. regulators shuttered four more banks in North Carolina, South Carolina, Georgia and Colorado, pushing up the failed U.S. banks figure to 7 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly...
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Wunderlich Reiterates Buy on First Horizon National (FHN)
Monday, January 24, 2011 - 9:46am | 148Wunderlich is out with its report on First Horizon National (NYSE: FHN), reiterating Buy. In a note to clients, Wunderlich writes, "We reiterate our Buy rating on shares of First Horizon National Corp. (FHN), and we maintain our $15 price target. FHN reported its third straight quarterly operating...
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Wunderlich Maintains Buy on Pacwest Bancorp (PACW)
Monday, January 24, 2011 - 9:41am | 112Wunderlich is out with its report today on Pacwest Bancorp (NASDAQ: PACW) maintaining Buy. In a report sent to clients, Wunderlich notes, "PACW reported a 4Q10 loss of $0.22, which missed consensus as well as our EPS estimate of $0.17. The operating loss was $0.18 after deducting prepayment...
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Bank of Marin Bancorp Reports Q4 EPS $.73 vs. $.62
Monday, January 24, 2011 - 9:03am | 93Bank of Marin Bancorp (NASDAQ: BMRC) announced 2010 annual earnings of $13.6 million, an increase of $787 thousand, or 6.2% from $12.8 million a year ago. Diluted earnings per share for the year ended December 31, 2010 totaled $2.55, up $0.36 from $2.19 in the prior year. 2010 fourth quarter...
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Jefferies Raises PT On SunTrust Banks
Monday, January 24, 2011 - 8:44am | 27Jefferies & Company has raised the price target on SunTrust Banks (NYSE: STI) from $30 to $32 and maintains its Hold rating.
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Jefferies Raises PT On BB&T Corporation
Monday, January 24, 2011 - 8:29am | 28Jefferies & Company has raised the price target on BB&T Corporation (NYSE: BBT) from $29 to $31 and maintains its Hold rating.
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Keefe Bruyette & Woods Has Outperform On SunTrust Banks (STI)
Monday, January 24, 2011 - 8:09am | 86Keefe Bruyette & Woods has an Outperform rating and a $35 price target on shares of SunTrust Banks Inc (NYSE: STI). In a note to clients, Keefe Bruyette writes, " Excluding elevated trading profits, the operating result was closer to $0.04. Still, revenue surprised on the upside, which was...
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Earnings Scheduled For January 24 (AMGN, MCD, SANM, TXN, HAL, CSX, AXP, VMW, ZION, SLG, GLW, RLI, VLTR, TWIN)
Monday, January 24, 2011 - 2:33am | 364Amgen Inc (NASDAQ: AMGN) may report its Q4 EPS at $1.10 on revenue of $3.81 billion. McDonald's Corp (NYSE: MCD) is forecast to report its Q4 EPS at $1.15 on revenue of $6.21 billion. Sanmina-SCI Corp (NASDAQ: SANM) is forecast to report its Q1 EPS at $0.41 on revenue of $1.65 billion. Texas...
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5 Hot stocks to watch next week
Friday, January 21, 2011 - 7:05pm | 2770( click to enlarge ) JPMorgan Chase & Co. (NYSE:JPM) continued its upward surge from Thursday. A quick look at the daily chart of JPM shows us that: - The stock price has been making higher lows since last December.- The volume of transactions has been increasing substantially over the...
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Market Advanced Gainers on NASDAQ; (NASDAQ: MSHL), (INASDAQ: ORCC), (NASDAQ:DNBK), (NASDAQ: CBKN), (NASDAQ:HUGH)
Friday, January 21, 2011 - 3:21pm | 507Company Snapshot: (NASDAQ: DNBK) Danvers Bancorp, Inc POINT ROBERTS, Wash., January 21 - www.InvestorIdeas.com, a global investor research portal for independent investors, specializing in sector research, reports on early morning trading on the NASDAQ.com and the top five percentage gainers ....
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TCF Falls a Penny Short on Low Margin - Analyst Blog
Friday, January 21, 2011 - 3:01pm | 1081TCF Financial Corporation's (TCB) fourth quarter 2010 earnings came in at 22 cents per share, a penny short of the Zacks Consensus Estimate of 23 cents. This compares unfavorably with the earnings of 26 cents in the prior quarter and favorably with 15 cents in the prior-year quarter. For fiscal...