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Benzinga's Top Pre-Market NASDAQ Gainers (ZION, MICC, IIJI, MPEL)
Tuesday, April 19, 2011 - 8:16am | 118Zions Bancorporation (NASDAQ: ZION) shares surged 7.75% to $24.74 in the pre-market session. ZION swung to a profit in the first quarter. Millicom International Cellular SA (NASDAQ: MICC) shares advanced 7.70% to $102.23 in the pre-market session. MICC lifted its projections for the year....
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Citi Raises PT To $27 On ZION
Tuesday, April 19, 2011 - 8:11am | 162Citi has raised its price target on Zions Bancorporation (NASDAQ: ZION) from $23 to $27 based upon strong 1Q11 earnings. Says Citi, in its report, “Given the significant improvement in credit trends and the outlook of continued improvement, we are revising our 2011 EPS from $0.05 to $0.30. We...
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J.P. Morgan Maintains Neutral Rating On Zions
Tuesday, April 19, 2011 - 8:04am | 228According to J.P. Morgan, Zions Bancorporation (NASDAQ: ZION) Neutral rating is maintained. J.P. Morgan reported that, after posting $1.9 billion in aggregate bottom line losses over the past three years, Zion kicked off 2011 earnings season by squeaking out a $15 million profit, which seems to...
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J.P. Morgan Maintains Neutral on M&T Bank (MTB)
Tuesday, April 19, 2011 - 7:52am | 94J.P. Morgan is out with its report today on M&T Bank (NYSE: MTB), maintaining Neutral. In a note to clients, J.P. Morgan writes, "MTB shares trade at 2.6x TBV, or a ~80% premium to peers and 10.6x our normalized EPS estimate of $8.22 (2014E), a 9% premium to peers. With the long term earnings...
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Citi Raises ZION Target From $23 To $27
Tuesday, April 19, 2011 - 7:48am | 21Citi is raising its PT on shares of Zions (NASDAQ: ZION) from $23 to $27.
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UPDATE: Jefferies Raising Price Target On M&T Bank Corp (MTB)
Tuesday, April 19, 2011 - 7:48am | 165Jefferies & Co. is raising its price target on shares of M&T Bank Corp (NYSE: MTB) to $98 from $95, and it has a Hold rating on shares. In a note to investors, Jefferies writes, "MTB posted a solid quarter, showing y/y pre-provision growth in an otherwise tough revenue environment. We...
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KBW Raises ZION Target From $23 To $26
Tuesday, April 19, 2011 - 7:47am | 21KBW is raising its PT on shares of Zions (NASDAQ: ZION) from $23 to $26.
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Jefferies Lower KEY Target From $10 To $9.50
Tuesday, April 19, 2011 - 7:40am | 21Jefferies is lowering its PT on shares of KeyCorp (NYSE: KEY) from $10 to $9.50.
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Jefferies Raises MTB Target From $95 To $98
Tuesday, April 19, 2011 - 7:35am | 24Jefferies is raising its PT on shares of M&T Bank Corp. (NYSE: MTB) from $95 to $98.
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Sterne Agee Has Buy On Pinnacle Financial Partners (PNFP)
Tuesday, April 19, 2011 - 7:23am | 176Sterne Agee has a Buy rating and a $17.50 price target on shares of Pinnacle Financial Partners (NASDAQ: PNFP). In a note to investors, Sterne Agee writes, "PNFP posted EPS of $0.06 in 1Q11—solidly above our 1Q11E of $0.04 and consensus of $0.02—as credit quality and the margin continued to...
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Oppenheimer Summary
Tuesday, April 19, 2011 - 7:22am | 121According to Oppenheimer, HCA (NYSE: HCA) is initiating with an Outperform rating. Eaton Corp (NYSE: ETN) is upgraded to Outperform. Estimates and price targets are increased on Citigroup (NYSE: C), Fortress Investment Group (NYSE: FIG), WW Grainger (NYSE: GWW), KepCorp (NYSE: KEY), KKR & Co (...
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Regions Financial Reports Q1 EPS $0.01 Vs. ($0.10) Est. (RF)
Tuesday, April 19, 2011 - 7:09am | 17Regions Financial Reports Q1 EPS $0.01 Vs. ($0.10) Estimate (NYSE: RF)
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Sterling Bancshares Reports Q1 Earnings
Tuesday, April 19, 2011 - 6:52am | 44Sterling Bancshares Inc (NASDAQ: SBIB) reported its Q1 EPS at $0.00, versus the consensus of $0.02. SBIB shares fell 1.57% to close at $8.76 yesterday. Read more from Benzinga's Company news.
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CEOWORLD Daily Business Roundup- BP, GS, GM, RIMM, YHOO, TXN, IBM, YHOO, C, INTC, WMT, AAPL…
Tuesday, April 19, 2011 - 6:16am | 1509BP plc (BP)- The Gulf Coast Claims Facility, established last August with $20 billion in seed money from BP, said it has approved 300,000 claims from businesses and individuals hurt by the spill, out of approximately 857,000 claims submitted. Poor trading results are likely to hurt Goldman Sachs...
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Help Break the Bankers' Price Suppression Schemes Against Gold & Silver
Tuesday, April 19, 2011 - 4:09am | 4233Let's parlay the publicity given to the recent University of Texas endowment fund's decision to convert all of their paper gold to physical gold into a campaign to convince large endowments/foundations all over the country to follow in their very wise footsteps. According to boston...