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Benzinga's Top Pre-Market NASDAQ Gainers (ATLS, LLNW, FUNC, JASO)
Tuesday, November 9, 2010 - 9:20am | 151Atlas Energy Inc (NASDAQ: ATLS) rose 35.75% to $43.06 in the pre-market session. Chevron Corp (NYSE: CVX) has announced its plans to buy ATLS for about $4.3 billion, or $38.25 per share in cash, representing a 21% premium over ATLS closing price on Monday. Limelight Networks Inc (NASDAQ: LLNW)...
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Hawthorn Bancshares Announces EPS of $.21
Monday, November 8, 2010 - 4:58pm | 155Hawthorn Bancshares Inc. (NASDAQ: HWBK), today reported consolidated financial results for the Company, including its main operating subsidiary, Hawthorn Bank, for the third quarter ended September 30. On a consolidated basis, Hawthorn Bancshares generated net income for the quarter of $1.4...
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Tempered Results, but Still Strong - Earnings Trends
Monday, November 8, 2010 - 4:33pm | 4943Key Points: Just about 7/8ths done, 436 or 87.2% of S&P 500 reports in so far. Great season so far, with a median EPS surprise of 4.98%, and a 3.87 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 317 positive surprises and...
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M&T Bank on Expansion Spree - Analyst Blog
Monday, November 8, 2010 - 12:33pm | 546M&T Bank Corporation (MTB) is on an expansion spree. The company has purchased a failed bank − K Bank, Randallstown, Maryland − through a Federal Deposit Insurance Corporation (FDIC) assisted deal. The deal would help the company in expanding its network in the Mid-Atlantic region. Deal...
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Skyworks Top Line Beats - Analyst Blog
Monday, November 8, 2010 - 12:03pm | 692Skyworks Solutions, Inc. (SWKS) posted a net income of $46.8 million or 25 cents in the fourth quarter of fiscal 2010, down 20% year over year due to tax adjustment related charges. Excluding one-time items, but including stock-based compensation expenses, net income per share came in at 35 cents...
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Sterne Agee Remains Neutral On Sterling Bancshares After Stress Test
Monday, November 8, 2010 - 10:18am | 173Sterne Agee's thesis has been the shares of Sterling Bancshares (NASDAQ: SBIB) are worth owning from a longer-term perspective given the franchise value of the Company, but that near-term catalysts were less likely until some resolution of the out-of-market portfolio is more visible from a “marked...
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Citizens Republic Bancorp Hosts Analyst Meeting
Monday, November 8, 2010 - 9:00am | 158Keefe Bruyette & Woods recently accompanied members of Citizens Republic Bancorp's (NASDAQ: CRBC) senior management team in a series of meetings with investors in the Mid-Atlantic and New York. Discussions primarily focused on the company's plan to accelerate losses over the next two quarters...
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Management Meetings With Columbia Banking System
Monday, November 8, 2010 - 8:14am | 116Keefe Bruyette & Woods has published a research report on Columbia Banking System, Inc. (NASDAQ: COLB) following meetings with management in New York and Boston. In the report, KBW writes "We had the opportunity to host CEO Melanie Dressel & Chief Credit Officer Andy McDonald in New York...
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Coverage Initiated On Sierra Bancorp
Monday, November 8, 2010 - 7:58am | 73Keefe Bruyette & Woods has published a research report on Sierra Bancorp (NASDAQ: BSRR) and has initiated coverage on the company at Market Perform. In the research report, KBW writes "We are initiating coverage of shares of Sierra Bancorp with a Market Perform rating and a one-year, DCF-based...
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Global Indices
Sunday, November 7, 2010 - 11:55pm | 370Dow Jones Industrial The Dow Jones Industrial just broke up of the 11222 resistance level for a new high since April. Next strong resistance should be around the 11800 level. 11222 is now a support level. US market looks good for the near future. Hang Seng Index The Hang Seng Index has also just...
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M&T's Ratings Affirmed by Fitch - Analyst Blog
Friday, November 5, 2010 - 6:09pm | 596M&T Bank Corporation's (MTB) long-term and short-term issuer default ratings (IDRs) were affirmed by Fitch Ratings at “A-” and “F1,” respectively. However, the rating outlook remains “Negative.” The rating affirmation follows M&T's announcement of agreeing to buy Wilmington Trust...
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Couple Of Short Interest ETFs (KRE, XRT)
Friday, November 5, 2010 - 5:09pm | 293SPDR KBW Regional Banking ETF (NYSE: KRE) has a high short interest, as does SPDR S&P Retail ETF (NYSE: XRT). ETFs with high short interests are generally in sectors or names that people do not believe will see any meaningful appreciation anytime soon. The retail sector is one such sector. XRT...
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Maintain Outperform on FBIZ - Analyst Blog
Friday, November 5, 2010 - 12:32pm | 353Written by Ann Heffron, CFA We are maintaining our Outperform recommendation on First Business Financial Services, Inc. ( FBIZ ) posted third quarter diluted EPS of $0.38, down 28% from the $0.53 earned last year and $0.06 shy of our $0.44 estimate, principally due to a larger-than-expected...
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Zacks Analyst Blog Highlights: Moody's Corp., Capital One Financial Corp., Fifth Third Bancorp, PNC Financial Services Group Inc. and U.S. Bancorp - Press Releases
Friday, November 5, 2010 - 12:24pm | 1298For Immediate Release Chicago, IL – November 5, 2010 – Zacks.com Analyst Blog features: Moody's Corp. (MCO), Capital One Financial Corp. (COF), Fifth Third Bancorp (FITB), PNC Financial Services Group Inc. (PNC) and U.S. Bancorp (USB ). Get the most recent insight from Zacks Equity...
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BCB Bancorp, Inc., Announces EPS of $.93
Friday, November 5, 2010 - 12:02pm | 144BCB Bancorp, Inc., Bayonne, NJ (NASDAQ: BCBP) announced an increase in quarterly earnings of $7.75 million or 787.4% to $8.7 million for the three months ended September 30, 2010 from $984,000 for the three months ended September 30, 2009. Basic and diluted earnings per share were $0.94 and $0.93...