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Small Bank Stocks Follow BankAtlantic Bancorp
Friday, December 17, 2010 - 1:03pm | 187BankAtlantic Bancorp, Inc. (NYSE: BBX) has surged in the last three days to a high of $1.50 from $0.86. Other small cap banks have been on the move as well. They are surging on the back of increased optimism and short squeezes. Just today Independent Bank Corporation(MI) (NASDAQ: IBCP) jumped from...
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Company News for December 17, 2010 - Corporate Summary
Friday, December 17, 2010 - 11:33am | 572• Oracle (NASDAQ:ORCL) reported fiscal second quarter earnings of $0.51, beating the Zacks Consensus Estimate of $0.44, on revenues of $8.6 billion that topped the Zacks Consensus Estimate of $8.3 billion • Take-Two Interactive Software (NASDAQ:TTWO) posted stronger fiscal fourth quarter earnings...
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Morning Market Movers (ITMN, BASI, NYMX, MI)
Friday, December 17, 2010 - 11:25am | 169InterMune Inc (NASDAQ: ITMN) jumped 101.89% to $28.81 at 10:24 am. The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has backed the ITMN's experimental lung drug Esbriet. Bioanalytical Systems Inc (NASDAQ: BASI) climbed 40.00% to $2.52. BASI's shares...
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Company News for December 17, 2010 - Corporate Summary
Friday, December 17, 2010 - 10:55am | 572• Oracle (NASDAQ:ORCL) reported fiscal second quarter earnings of $0.51, beating the Zacks Consensus Estimate of $0.44, on revenues of $8.6 billion that topped the Zacks Consensus Estimate of $8.3 billion • Take-Two Interactive Software (NASDAQ:TTWO) posted stronger fiscal fourth quarter earnings...
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News Summary (CCE, BMO, MI, ORCL)
Friday, December 17, 2010 - 10:52am | 189Shares of Coca-Cola Enterprises Inc (NYSE: CCE) rose about 1% after the company projected its adjusted 2010 earnings of $1.74 to $1.78 per share. However, analysts were expecting earnings at $1.79 per share. Coca-Cola Enterprises announced its plans to repurchase $200 million in stock by the year-...
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J.P. Morgan Maintains Neutral on Signature Bank
Friday, December 17, 2010 - 10:30am | 93J.P. Morgan maintains its Neutral rating on Signature Bank (NASDAQ: SBNY) after meeting with SBNY's President and CEO Joseph DePaolo and CFO Eric Howell. In its note to clients, J.P. Morgan writes, "The positive longer term outlook at SBNY seems to already be captured in the valuation with the...
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Morning Gap Ups (TTWO, ZQK, RIMM, RF, CBS)
Friday, December 17, 2010 - 10:14am | 222There are a slew of names gapping up this morning, for a variety of reasons that you should be aware of. In reaction to strong earnings or guidance Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is up over 8% this morning after the video game maker reported much better than expected earnings...
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J.P. Morgan Raises SBNY Target From $50 To $54
Friday, December 17, 2010 - 8:42am | 24J.P. Morgan is raising its target on shares of Signature Bank (NASDAQ: SBNY) from $50 to $54.
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BMO Financial Group to Acquire Marshall & Ilsley
Friday, December 17, 2010 - 8:35am | 132BMO Financial Group (NYSE: BMO) and Marshall & Ilsley Corporation (NYSE: MI) today announced that they have entered into a definitive agreement under which BMO will acquire all outstanding shares of common stock of M&I in a stock-for-stock transaction. Under the terms of the agreement,...
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Coming Tomorrow: Mackinac Center for Public Policy Cigarette Taxes and Smuggling Study
Thursday, December 16, 2010 - 10:12pm | 611State cigarette excise taxes vary around the country from a low of 17 cents per pack in Missouri to a whopping $4.35 per pack in New York (see map above, data here). Add another $1.50 per pack in New York city taxes, and a pack of Marlboros in Manhattan can now cost as much as $14, according to...
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Market Stuck at Resistance 12-16-2010
Thursday, December 16, 2010 - 8:01pm | 849Cusick's Corner This has been a nice and orderly Expiration week even with futures and December options coming off over the next 24 hours. The market is watching earnings -- been positive, the bonds -- prices have firmed and the EU -- finance ministers have been quiet. The market is still stuck at...
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First Horizon: TARP Update - Analyst Blog
Thursday, December 16, 2010 - 5:33pm | 378Memphis-based First Horizon National Corp. (FHN) is progressing well with its capital raise initiatives to repay the bailout money it received under the U.S. Government's Troubled Asset Relief Program (TARP). On Wednesday, First Horizon sold $500 million in senior holding company notes,...
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Independent Bank Corp. Announces Dividend of $.18
Thursday, December 16, 2010 - 5:28pm | 47The Board of Directors of Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced a $0.18 per share dividend which will be payable on January 7, 2011, to stockholders of record as of the close of business on December 27, 2010.
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Peoples Bancorp Inc. Declares Dividend of $.10
Thursday, December 16, 2010 - 5:15pm | 36The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) today declared a cash dividend of $0.10 per common share payable January 10, 2011, to common shareholders of record on December 27, 2010.
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First Horizon: TARP Update - Analyst Blog
Thursday, December 16, 2010 - 5:04pm | 378Memphis-based First Horizon National Corp. (FHN) is progressing well with its capital raise initiatives to repay the bailout money it received under the U.S. Government's Troubled Asset Relief Program (TARP). On Wednesday, First Horizon sold $500 million in senior holding company notes,...