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Bank Failures: 3 So Far - Analyst Blog
Monday, January 17, 2011 - 4:31pm | 576Last Friday, U.S. regulators shuttered Brunswick, Georgia-based Oglethorpe Bank, taking the number of banks failing thus far in 2011 to 3. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly from the various programs launched by the...
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Bank Failures: 3 So Far - Analyst Blog
Monday, January 17, 2011 - 4:00pm | 576Last Friday, U.S. regulators shuttered Brunswick, Georgia-based Oglethorpe Bank, taking the number of banks failing thus far in 2011 to 3. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the bigger banks benefited greatly from the various programs launched by the...
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Stock Market News for Jan 17, 2011 - Market News
Monday, January 17, 2011 - 11:31am | 1522On Friday, markets surged with both the Dow Jones and S&P recording new highs. The S&P ended with seven straight consecutive weeks of gains as banks leading the rally and JP Morgan returned encouraging earnings figures. Rising financial stocks also helped ease worries from a disappointing...
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Stock Market News for Jan 17, 2011 - Market News
Monday, January 17, 2011 - 10:15am | 1522On Friday, markets surged with both the Dow Jones and S&P recording new highs. The S&P ended with seven straight consecutive weeks of gains as banks leading the rally and JP Morgan returned encouraging earnings figures. Rising financial stocks also helped ease worries from a disappointing...
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5 Stocks on the Move
Friday, January 14, 2011 - 7:30pm | 1728( click to enlarge ) I think Rambus Inc. (NASDAQ:RMBS) is setting up for a strong move, probably into the twenty two to twenty five dollar area at first. The stock has been under accumulation for a couple days now and today it broke through two major resistance levels. The momentum is back in...
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CBSH Beats on Higher Revenues - Analyst Blog
Friday, January 14, 2011 - 5:01pm | 990On Thursday, Commerce Bancshares Inc. (CBSH) reported its fourth quarter 2010 earnings per share of 70 cents, ahead of the Zacks Consensus Estimate of 66 cents. The earnings also compare favorably with the prior quarter's earnings of 64 cents and the year-ago quarter's earnings of 57 cents. For...
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Susquehanna Bancshares Climbs 8.5% (SUSQ)
Friday, January 14, 2011 - 4:37pm | 119Shares of Susquehanna Bancshares, Inc. (Nasdaq: SUSQ) are currently up 8.5% at $10.00 per share during Friday afternoon trading. Today's trading range for shares of Susquehanna Bancshares, Inc has been between $9.22 and $10.00 per share. The consensus price target of analysts covering the company's...
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CBSH Beats on Higher Revenues - Analyst Blog
Friday, January 14, 2011 - 4:36pm | 990On Thursday, Commerce Bancshares Inc. (CBSH) reported its fourth quarter 2010 earnings per share of 70 cents, ahead of the Zacks Consensus Estimate of 66 cents. The earnings also compare favorably with the prior quarter's earnings of 64 cents and the year-ago quarter's earnings of 57 cents. For...
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Webster Financial Up 9.4% On Earnings Beat (WBS)
Friday, January 14, 2011 - 3:46pm | 231Shares of Webster Financial Corporation (NYSE: WBS) are trading up 9.4% at $21.56 per share during the Friday afternoon trading session. The company announced on Friday before the market opened 4th quarter net income of $25.0 million, or 30 cents per share, which was much better than the 20 cents...
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M&T Bank Tops Zacks Estimate - Analyst Blog
Friday, January 14, 2011 - 3:31pm | 891M&T Bank Corporation's (MTB) fourth quarter operating earnings of $1.52 per share exceeded the Zacks Consensus Estimate of $1.45. Earnings significantly expanded from $1.16 per share earned in the prior-year quarter, aided by an increase in the net interest income on the back of net interest...
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M&T Bank Tops Zacks Estimate - Analyst Blog
Friday, January 14, 2011 - 2:54pm | 891M&T Bank Corporation's (MTB) fourth quarter operating earnings of $1.52 per share exceeded the Zacks Consensus Estimate of $1.45. Earnings significantly expanded from $1.16 per share earned in the prior-year quarter, aided by an increase in the net interest income on the back of net interest...
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Long BBT at $27.47 and BEXP at $28.42
Friday, January 14, 2011 - 1:21pm | 73Two new trades this morning. I actually got in BB&T (BBT) at $27.47 and Brigham Exploration (BEXP) at $28.42 - both breakout plays. LONG: BB&T (BBT) Read more...
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News Summary
Friday, January 14, 2011 - 10:36am | 206Shares of JP Morgan (NYSE: JPM) rose about 0.3% after the company reported its Q4 earnings at $1.12 per share, up from $0.74 per share, in the year-ago period. The company's net revenue increased 13% y/y to $26.1 billion. However, analysts had expected earnings of $0.99 per share on revenue of $24....
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Jefferies Increases Estimates On Commerce Bancshares Following Sold Q4 Results
Friday, January 14, 2011 - 10:15am | 132Jefferies raises its 2011 EPS estimate on Commerce Bancshares (NASDAQ: CBSH) to $2.70 (from $2.60), 2012 goes to $3.00 (from $2.95), and 2013 goes to $3.30 (from $3.15). Jefferies comments that while margin improvement from improved securities yield, lower FHLB funding costs, and improved funding...
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Keefe Bruyette & Woods Comments On Commerce Bancshares Earnings Report
Friday, January 14, 2011 - 9:57am | 67Commerce Bancshares (NASDAQ: CBSH) reported operating results of $0.67 per share, relatively in-line with Keefe Bruyette & Woods forecast and consensus. The quarter was characterized by continued improvement in credit trends including q/q declines in NPAs and NCOs and also higher than expected...