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Superior Bancorp Receives NASDAQ Letter
Friday, April 8, 2011 - 4:08pm | 120Superior Bancorp (NASDAQ: SUPR) today announced that it has received a letter from The NASDAQ Stock Market stating that the Corporation is not in compliance with NASDAQ Listing Rule 5250(c)(1) because the Corporation did not timely file its Annual Report on Form 10-K for the year ended December...
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Waccamaw Bankshares Receives Letter From NASDAQ Relating To Its Late Form 10-K (WBNK)
Friday, April 8, 2011 - 11:34am | 134Waccamaw Bankshares, Inc. (NASDAQ: WBNK), the bank holding company for Waccamaw Bank, announced today that it received a non-compliance notice from the NASDAQ Stock Market stating that the company was not in compliance with NASDAQ Listing Rule 5250 because the company has not timely filed its...
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Sterne Agee Initiates MTB At Neutral, $95 PT
Friday, April 8, 2011 - 9:37am | 31Sterne Agee is initiating shares of M&T Bank Corp. (NYSE: MTB) at Neutral with a $95 PT. M&T Bank currently trades at $88.25.
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Sterne Agee Initiates Coverage Of CVBF
Friday, April 8, 2011 - 9:34am | 74Sterne Agee has initiated coverage of CVB Financial Corporation (NASDAQ: CVBF) with a Neutral Rating. According to the report, “Although the independent minded Chairman will likely ensure the company's independence in the near-term, we believe that the large insider ownership (approximately 16% of...
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Sterne Agee Initiates Coverage Of FITB
Friday, April 8, 2011 - 9:31am | 75Sterne Agee has initiated coverage of Fifth Third Bancorp (NASDAQ: FITB) with a Buy Rating. According to the report, “Although FITB is not immune to the revenue headwinds affecting the industry, an inexpensive valuation, increasing capital flexibility and earnings leverage tied to better than...
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Sterne Agee Initiates Coverage Of BBT
Friday, April 8, 2011 - 9:30am | 89Sterne Agee has initiated coverage of BB&T Corporation (NYSE: BBT) with a Buy Rating. According to the report, “…the company remains one of the few large banks that have remained consistently profitable during the recession due to its diversified business mix, including its large insurance...
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Sterne Agee Initiates Coverage of KeyCorp
Friday, April 8, 2011 - 9:27am | 79Sterne Agee has issued a report initiating coverage of KeyCorp (NYSE: KEY) with a Neutral Rating. According to the report, “In short, our sense is that investors have already paid for the credit quality improvement at KEY. At the same time, any potential sale of the company seems pretty remote,...
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Sterne Agee Initiates Coverage of FHN
Friday, April 8, 2011 - 9:17am | 85Sterne Agee has issued a report initiating coverage of First Horizon National Corp. (NYSE: FHN) with a Neutral Rating. According to the report, “We are initiating coverage of First Horizon National Corp. with a NEUTRAL rating and a $12 12-month price target. Our P/E/tangible book value derived...
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Sterne Agee Initiates Coverage of STI
Friday, April 8, 2011 - 9:15am | 74Sterne Agee has issued a report initiating coverage of SunTrust Banks Inc (NYSE: STI) with a Neutral Rating. According to the report, “Our P/E/tangible book value derived price target implies 1.3x our estimated 2011 tangible book value of about $25/share, 15x our 2012 estimate of $2.20, and about...
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Sterne Agee Initiates ZION At Neutral, $25 PT
Friday, April 8, 2011 - 8:40am | 32Sterne Agee is initiating coverage of Zions Bancorporation (NASDAQ: ZION) with a Neutral rating and a $25 12-month price target. Zions Bancorporation closed Thursday at $24.31.
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Sterne Agee Initiates KeyCorp At Neutral, $10 PT
Friday, April 8, 2011 - 8:16am | 24Sterne Agee has initiated coverage on KeyCorp (NYSE: KEY) with a Neutral rating and $10 price target.
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Sterne Agee Initiates BB&T At Buy, $33 PT
Friday, April 8, 2011 - 8:15am | 25Sterne Agee initiates coverage on BB&T Corporation (NYSE: BBT) with a Buy rating and $33 price target.
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Sterne Agee Initiates Fifth Third Bancorp At Buy, $17 PT
Friday, April 8, 2011 - 8:14am | 26Sterne Agee has initiated coverage on Fifth Third Bancorp (NASDAQ: FITB) with a Buy rating and $17 price target.
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Sterne Agee Initiates CVB Financial At Neutral, $10 PT
Friday, April 8, 2011 - 8:13am | 26Sterne Agee has initiated coverage on CVB Financial Corporation (NASDAQ: CVBF) with a Neutral rating and $10 price target.
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Market Holds Its Ground 04-07-2011
Thursday, April 7, 2011 - 6:54pm | 963Cusick Corner The market braced itself for the news in Japan and has held its ground. But the market is whippy and the fact that it's overbought is looking like it has started to wane, leaving me with uncertainty into the After Hours. I have written over the last few weeks about some strategic...