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Rating Agencies Downgrade Regions - Analyst Blog
Friday, November 19, 2010 - 7:38am | 664Rating agencies have downgraded Regions Financial Corporation (RF) following leadership changes in its Risk Management Group subsequent to the resignation of its chief risk officer. Both the rating agencies – Fitch Ratings and Moody's Investors Service, a unit of Moody's Corp. (MCO) – have...
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Zacks Analyst Blog Highlights: Comerica Inc., JPMorgan Chase & Co., Wells Fargo & Co., PNC Financial Services Group Inc. and Citigroup Inc - Press Releases
Friday, November 19, 2010 - 6:01am | 1211For Immediate Release Chicago, IL – November 19, 2010 – Zacks.com Analyst Blog features: Comerica Inc. (CMA), JPMorgan Chase & Co. (JPM), Wells Fargo & Co. (WFC), PNC Financial Services Group Inc. (PNC) and Citigroup Inc. (C). Get the most recent insight from Zacks Equity Research with the...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, November 19, 2010 - 4:14am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Banner Corp (BANR) BHP Billiton plc (BBL) Boston Pvt Fin Holdings Inc (BPFH) Checkpoint Sys Inc (CKP) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report BANNER...
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Risk On Trade 11-18-2010
Thursday, November 18, 2010 - 7:49pm | 749Cusick's Corner The market held its gains, the Dollar pulled back and commodities bounced off critical mid-term support. The risk on trade, equities, is still in play with the focus now off of EU and China (at least until tomorrow). Speaking of tomorrow, it is Expiration Friday, so there could be...
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KeyCorp CEO Henry L. Meyer III to Retire; Beth E. Mooney to Become Chairman and CEO
Thursday, November 18, 2010 - 5:18pm | 68KeyCorp (NYSE: KEY) today announced that Chairman of the Board and CEO Henry L. Meyer III, 60, will retire effective May 1, 2011, and will be succeeded by Beth E. Mooney, currently Vice Chair of KeyCorp and leader of Key's Community Banking business. In the interim, the Board elected Mooney as...
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Most Large Banks Ready for Stress Tests, Dividends
Thursday, November 18, 2010 - 1:22pm | 430Most of the 19 large bank holding companies that will submit their capital plans to the Federal Reserve in early 2011 appear set to gain approval to begin returning capital to investors by increasing their dividends or buying back shares. The regulator made clear that banks still owing the...
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Sterling Financial Corporation Announces Reverse Stock Split
Thursday, November 18, 2010 - 1:01pm | 99Sterling Financial Corporation (NASDAQ: STSA) today announced that its board of directors has approved a 1-for-66 share consolidation, or reverse stock split, that will become effective for trading purposes with the opening of trading on Friday, Nov. 19, 2010. The primary objective in effecting a...
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Zacks Bull and Bear of the Day Highlights: Whole Foods Market, Amdocs, Bank of America, JPMorgan Chase & Co. and PNC Financial Services Group Inc. - Press Releases
Thursday, November 18, 2010 - 12:42pm | 2061For Immediate Release Chicago, IL – November 18, 2010 – Zacks Equity Research highlights: Whole Foods Market (WFMI) as the Bull of the Day and Amdocs Ltd. (DOX) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM...
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Morning Market Movers (LTXC, EXEL, MPB, BSPM)
Thursday, November 18, 2010 - 11:11am | 124LTX-Credence Corporation (NASDAQ: LTXC) jumped 31.10% to $7.84 at 10:10 am. LTXC is all set to report its Q1 results on November 23. Exelixis Inc (NASDAQ: EXEL) climbed 26.06% to $5.95. EXEL has reported interim data from the patients with metastatic castration-resistant prostate cancer (CRPC)...
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West Bancorporation, Inc. Declares Special Cash Dividend of 5 Cents
Thursday, November 18, 2010 - 10:11am | 37On November 17, 2010, the Board of Directors of West Bancorporation, Inc. (Nasdaq: WTBA) declared a special cash dividend of $0.05 per common share payable December 20, 2010, to shareholders of record on November 29, 2010.
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Fed Devises Dividend Increase Plan - Analyst Blog
Thursday, November 18, 2010 - 10:03am | 662Following the doubling of dividend and share buyback announcement by Comerica Inc. (CMA), the Federal Reserve has devised guidelines that it would follow to grant banks, that undergone stress test in 2009, the permission to increase dividends and buy back shares. The Fed plans to start...
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Keefe Bruyette & Woods Lowers Estimates And Price Target On Banner Corp.
Thursday, November 18, 2010 - 10:01am | 83Keefe Bruyette & Woods is adjusting its estimates after Banner Corp. (NASDAQ: BANR) recently reported a loss of $0.40, in-line with the preannouncement driven by a DTA valuation allowance, elevated provision, OREO write-downs, OTTI impairment & a fair value gain. The light provision &...
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Keefe Bruyette & Woods Adjusts Estimates On Heritage Bank Following Recent Acquisition
Thursday, November 18, 2010 - 9:22am | 65Heritage Bank (NASDAQ: HFWA) agreed to acquire Pierce Commercial Bank from the FDIC on November 5, 2010. Following the transaction, Keefe Bruyette & Woods is adjusting its EPS estimates as follows: 2010 EPS maintained at $0.31, 2011 EPS to $0.60, 2012 EPS to $1.15 (from $1.08) and 2013 EPS to...
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Zacks Bull and Bear of the Day Highlights: Whole Foods Market, Amdocs, Bank of America, JPMorgan Chase & Co. and PNC Financial Services Group Inc. - Press Releases
Thursday, November 18, 2010 - 6:01am | 2061For Immediate Release Chicago, IL – November 18, 2010 – Zacks Equity Research highlights: Whole Foods Market (WFMI) as the Bull of the Day and Amdocs Ltd. (DOX) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM...
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Fed Devises Dividend Increase Plan - Analyst Blog
Thursday, November 18, 2010 - 4:33am | 662Following the doubling of dividend and share buyback announcement by Comerica Inc. (CMA), the Federal Reserve has devised guidelines that it would follow to grant banks, that undergone stress test in 2009, the permission to increase dividends and buy back shares. The Fed plans to start...