Regional Banks

Bank of the Carolinas Corporation (NASDAQ: BCAR) dipped 18.55% to $1.80 at 9:55 am. BCAR's trailing-twelve-month profit margin is -56.71%. China Distance Education Holdings Limited (NYSE: DL) fell 14.71% to $2.90. DL's trailing-twelve-month ROE is -2.97%. Fabrinet (NYSE: FN) shares moved down 12....

Crystal Rock Holdings Inc (AMEX: CRVP) climbed 37.50% to $1.65 at 9:50 am. CRVP's trailing-twelve-month ROE is 21.16%. YRC Worldwide Inc (NASDAQ: YRCW) jumped 20.87% to $1.39. YRCW obtained commitments for a 3-year, $400 million asset-based loan (ABL) facility. Wowjoint Holdings Limited (NASDAQ:...

Sterne Agee is out with its report today on Umpqua Holdings (NASDAQ: UMPQ), maintaining Neutral. In a note to clients, Sterne Agee writes, "We think the potential of organic loan growth is highest at UMPQ amongst this group, and industry sources indicate that there have been increased M&A...

Synovus Financial Corp. (NYSE: SNV) today announced that Allen J. Gula, Jr. has been named Chief Operations Officer. The appointment is effective immediately.

JP Morgan has raised the price target on Signature Bank (NASDAQ: SBNY) from $67 to $72 and maintains its Overweight rating.

Alcoa Inc (NYSE: AA) is projected to report its Q2 EPS at $0.34 on revenue of $6.32 billion. PacWest Bancorp (NASDAQ: PACW) is expected to report its Q2 EPS at $0.27 on revenue of $70.63 million. Infosys Limited (NASDAQ: INFY) is estimated to report its Q1 EPS at $0.64 on revenue of $1.65...

Merger activity decreased last week with three new all-cash deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 121 Total...

The S&P 500 lost 9.4 points, or 0.7%, in Friday's trading session, as a weaker-than-expected jobs report put an end to the recent market rally. The SPX is now 26.78 points lower than its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Friday's session is as follows...

Friday's jobs report was terrible, and does not show signs of improving in the short term. We are, by all accounts, forming a permanent underclass of unemployed workers whose jobs have vanished and may never come back. With a more liberal government, the country might be able to stand up and...

Cusick's Corner The macro picture in the US is not as rosy as the market was picturing. But by no means does this mean that we are in a major trend shift, in fact this is a market that is still in an uptrend. The question is what the Fed will do now that QE is off the table and Washington is still...

First California Financial Group, Inc. (NASDAQ: FCAL) today announced that Diane Dickerson has been appointed senior vice president and chief marketing officer, a newly created position. In her position as CMO, Dickerson will be responsible for all aspects of marketing and branding, as well as...

The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...

The merger of GS Financial Corp. (Nasdaq: GSLA) with and into Home Bancorp, Inc. (Nasdaq: HBCP) was approved earlier today by the shareholders of the Company. Albert J. Zahn, Jr., Chairman of the Board of GS Financial Corp. said, "We are pleased that our shareholders have overwhelmingly approved...

Half of the trading day is already gone, but here are the setups that I like the most heading in the afternoon of trading. All seven plays are very strong, but on two of them, you will want to make sure volume picks up with the breakout. I actually got in BWS already this morning. Read more...

Deutsche Bank is out with its report on PNC (NYSE: PNC), downgrading PNC from Buy to Hold. In a note to clients, Deutsche Bank writes, "PNC shares have outperformed the group by 500bps YTD and by 10% since we upgraded the stock in February 2010 (post the selloff from raising capital to repay TARP...