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Huntington Bancshares Rating Upped - Analyst Blog
Wednesday, December 15, 2010 - 4:33pm | 489Following the announcement by Huntington Bancshares Inc. (HBAN) of its capital raising plan to support the repayment of the bailout loan received under the U.S. Government's Troubled Asset Relief Program (TARP), Fitch Ratings have upgraded the ratings on the company. The long-term issuer...
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Huntington Bancshares Rating Upped - Analyst Blog
Wednesday, December 15, 2010 - 3:53pm | 489Following the announcement by Huntington Bancshares Inc. (HBAN) of its capital raising plan to support the repayment of the bailout loan received under the U.S. Government's Troubled Asset Relief Program (TARP), Fitch Ratings have upgraded the ratings on the company. The long-term issuer...
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Sandy Spring Bancorp Inc. Redeems Remaining Preferred Stock Issued Under U.S. Treasury's Capital Purchase
Wednesday, December 15, 2010 - 2:50pm | 96Sandy Spring Bancorp, Inc. (Nasdaq: SASR) today announced that it has redeemed all remaining shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, it sold to the U.S. Department of the Treasury on December 5, 2008 as part of the Capital Purchase Program established by the...
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BancFirst Corporation Acquirse OK Bancorporation
Wednesday, December 15, 2010 - 11:59am | 55BancFirst Corporation (Nasdaq: BANF) today announced that it has completed the previously announced acquisition of OK Bancorporation, Inc., and its subsidiary bank, The Okemah National Bank. The Okemah National Bank has approximately $74 million in total assets, $32 million in loans, $59 million...
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PNC Not In Discussions To Buy Regions Financial -Rumor (PNC, RF)
Wednesday, December 15, 2010 - 11:45am | 54Hearing current chatter that PNC (NYSE: PNC) Not In Discussions To Buy Regions Financial (NYSE: RF). At this time, rumors are unconfirmed, although shares of companies may see volatility in the near term even if rumors are unsubstantiated.
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Top Performing Industries For December 15 (CTRP, RF, SRDX, NWL)
Wednesday, December 15, 2010 - 11:21am | 225At 10:17 am, the Dow gained 0.22% to 11,501.86, the broader Standard & Poor's 500 index moved up 0.11% to 1,242.99 and the NASDAQ composite index rose 0.36% to 2,637.08. The industries that are driving the market today are: Consumer Services: This industry jumped 4.10% by 10:17 am. The top...
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Options Brief: Popular, Inc. (BPOP)
Wednesday, December 15, 2010 - 11:18am | 93Shares of Popular, Inc. (NASDAQ: BPOP) are lower on the session by 0.66%, trading at $2.99. Overall put volume is now running at 2.13x the daily average, with 2% of all puts traded being purchases on the offer. 3,844 contracts have traded on the session so far. Popular, Inc. is a diversified,...
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Bank of McKenney Maintains $.27 Dividend Rate
Wednesday, December 15, 2010 - 10:51am | 66Bank of McKenney (Nasdaq: BOMK) today announced that the Board of Directors of Bank of McKenney declared a dividend of $0.27 per share on Bank of McKenney common and preferred classes of stock for shareholders of record at the close of normal trading on December 31, 2010 and payable on January 14,...
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Oppenheimer Impressed With PRSP's Track Record
Wednesday, December 15, 2010 - 9:44am | 100Oppenheimer has published a research report on Prosperity Bancshares, Inc. (NASDAQ: PRSP) after taking meetings with company management. In the report, Oppenheimer writes "Prosperity's track record in growing net income and EPS is impressive with the company's five-year EPS growth rate 9% and...
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Pre-Market Movers (COCO, FHN, SI)
Wednesday, December 15, 2010 - 9:37am | 87Corinthian Colleges, Inc. (NASDAQ: COCO) is up 3.4% in pre-market trading after the name was added to the short-term buy list at Deutsche Bank. First Horizon National Corporation (NYSE: FHN) is up 1.9% after the stock was upgraded to Outperform at Morgan Keegan. Siemens AG (ADR) (NYSE: SI) is up 1....
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Benzinga's Top Downgrades (BBT, HUBG, BBY, SYK)
Wednesday, December 15, 2010 - 9:25am | 134BB&T Corporation (NYSE: BBT) was downgraded by Janney Capital from "buy" to "neutral." BBT's shares closed at $26.58 yesterday. BBT's PEG ratio is 10.87. Stifel Nicolaus downgraded Hub Group Inc (NASDAQ: HUBG) from "buy" to "hold.” HUBG's stock closed at $35.47 yesterday. Hub Group's trailing-...
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Hearing Chatter On PNC Financial And Regions Financial M&A (PNC, RF)
Wednesday, December 15, 2010 - 9:13am | 52Currently hearing rumors about Regions Financial (NYSE: RF) having due diligence conducted by PNC Financial (NYSE: PNC). Chatter surrounds this South Florida Business Journal article.
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Janney Capital Downgrades STI To Sell
Wednesday, December 15, 2010 - 8:51am | 49Analysts at Janney Capital downgrade SunTrust Banks Inc (NYSE: STI) from "neutral" to "sell." The target price for STI is set to $23. STI's shares lost 0.95% to close at $26.99 yesterday. More Analyst Ratings here
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Wunerlich Cuts Price Target On First Horizon National Corporation (FHN)
Wednesday, December 15, 2010 - 8:42am | 158Wunderlich is lowering its price target to $15 on First Horizon National Corporation (NYSE: FHN), but is keeping its Buy rating. In a note sent to clients Wunderlich writes, "We reiterate our Buy rating on shares of First Horizon National Corp. (FHN) following the announcement of a $250 million...
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Jefferies Downgrades PrivateBancorp To Hold
Wednesday, December 15, 2010 - 8:38am | 20Jefferies & Company has downgraded PrivateBancorp, Inc. (NASDAQ: PVTB) from Buy to Hold.