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SunTrust: Better 4Q, Deeper Trust - Analyst Blog
Friday, January 21, 2011 - 3:01pm | 862SunTrust Banks Inc.'s (STI) fourth quarter earnings of 23 cents per share were substantially ahead of the Zacks Consensus Estimate of 10 cents. This represents SunTrust's second straight quarter of profit after incurring significant losses since mid-2008. This also compares favorably with a loss...
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First Horizon Tumbles on TARP Repay - Analyst Blog
Friday, January 21, 2011 - 3:01pm | 883First Horizon National Corporation (FHN) has swung to a loss in the fourth quarter following the TARP repayment in late December. The company reported a loss of $49.0 million or 20 cents per share, significantly below the Zacks Consensus Estimate of a loss of 2 cents per share. Results, however,...
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First Horizon Tumbles on TARP Repay - Analyst Blog
Friday, January 21, 2011 - 2:34pm | 883First Horizon National Corporation (FHN) has swung to a loss in the fourth quarter following the TARP repayment in late December. The company reported a loss of $49.0 million or 20 cents per share, significantly below the Zacks Consensus Estimate of a loss of 2 cents per share. Results, however,...
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SunTrust: Better 4Q, Deeper Trust - Analyst Blog
Friday, January 21, 2011 - 2:32pm | 862SunTrust Banks Inc.'s (STI) fourth quarter earnings of 23 cents per share were substantially ahead of the Zacks Consensus Estimate of 10 cents. This represents SunTrust's second straight quarter of profit after incurring significant losses since mid-2008. This also compares favorably with a loss...
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Skyworks Misses by a Penny - Analyst Blog
Friday, January 21, 2011 - 2:31pm | 695Skyworks Solutions, Inc. (SWKS) posted a net income of $60.9 million or 32 cents in the first quarter of fiscal 2011, more than double from a net income of $28.0 million or 16 cents in the year-ago quarter. Excluding one-time items, but including stock-based compensation expenses, net income per...
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BB&T Runs Past Zacks Estimate - Analyst Blog
Friday, January 21, 2011 - 2:31pm | 1179BB&T Corporation's (BBT) fourth quarter 2010 earnings came in at 30 cents per share, ahead of the Zacks Consensus Estimate of 26 cents. The results also compared favorably with the prior-year quarter's earnings of 27 cents per share. For full year 2010, the company reported earnings of $1....
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TCF Falls a Penny Short on Low Margin - Analyst Blog
Friday, January 21, 2011 - 2:19pm | 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...
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BB&T Runs Past Zacks Estimate - Analyst Blog
Friday, January 21, 2011 - 2:06pm | 1179BB&T Corporation's (BBT) fourth quarter 2010 earnings came in at 30 cents per share, ahead of the Zacks Consensus Estimate of 26 cents. The results also compared favorably with the prior-year quarter's earnings of 27 cents per share. For full year 2010, the company reported earnings of $1....
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Skyworks Misses by a Penny - Analyst Blog
Friday, January 21, 2011 - 1:41pm | 695Skyworks Solutions, Inc. (SWKS) posted a net income of $60.9 million or 32 cents in the first quarter of fiscal 2011, more than double from a net income of $28.0 million or 16 cents in the year-ago quarter. Excluding one-time items, but including stock-based compensation expenses, net income per...
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Fidelity Southern Corporation Declares Stock Dividend
Friday, January 21, 2011 - 10:55am | 55Fidelity Southern Corporation (Nasdaq: LION) announced that the Board of Directors has approved the distribution on February 11, 2011, of the regular quarterly dividend to be paid in shares of common stock. The Corporation will distribute one new share for every 200 shares held on the record date...
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Jefferies Comments On Marshall & Ilsley Corp.'s Earnings Miss
Friday, January 21, 2011 - 10:43am | 190Marshall & Ilsley's (NYSE: MI) Operating EPS of -$0.32 fell short of consensus, largely driven by higher credit costs. Bank of Montreal's (NYSE: BMO) acquisition of M&I involves a fixed exchange ratio. As such, M&I should continue to trade in tandem with BMO until the deal closes....
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TCF Financial Expected To Underperform, Says Sterne Agee
Friday, January 21, 2011 - 10:31am | 150Sterne Agee has published a research report on TCF Financial Corporation (NYSE: TCB) and believes the company is likely to underperform in the next several quarters. In the report, Sterne Agee writes "Given the drop in deposit fees, the relatively high NCO rate (by historical standards for TCB) of...
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TCF Financial Expected To Underperform, Says Sterne Agee
Friday, January 21, 2011 - 10:31am | 150Sterne Agee has published a research report on TCF Financial Corporation (NYSE: TCB) and believes the company is likely to underperform in the next several quarters. In the report, Sterne Agee writes "Given the drop in deposit fees, the relatively high NCO rate (by historical standards for TCB) of...
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Jefferies Maintains Associated Banc-Corp PT Of $16 (ASBC)
Friday, January 21, 2011 - 10:30am | 104In a research report published today, Jefferies maintains Associated Banc-Corp's (NASDAQ: ASBC) price target of $16 and its rating of Hold after Associated Banc-Corp released its Q4 2010 and FY 2010 earnings after Thursday's market close. In the report, Jefferies states, "Earnings in 4Q10 were a...
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BB&T Announces 4Q Earnings This Morning
Friday, January 21, 2011 - 9:54am | 107Jefferies & Company has published a research report on BB&T Corporation (NYSE: BBT) after the company reported 4Q earnings this morning that beat consensus estimates. In the report, Jefferies writes "BBT reported GAAP EPS of $0.30 vs consensus of $0.26. Core EPS looked closer to $0.20 after...