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SunTrust Names Bill Peele President and CEO of Mecklenburg/South Carolina Region
Thursday, March 24, 2011 - 2:39pm | 147SunTrust Banks, Inc. (NYSE: STI) has named William H. Peele President and Chief Executive Officer of SunTrust Bank, Mecklenburg/South Carolina Region. He succeeds Carl E. Wicker, Jr. who will retire as previously announced on March 31, 2011. Mr. Peele will report to Gary Peacock, SunTrust Banks,...
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12 Financial Stocks Likely to Raise Dividends This Year
Wednesday, March 23, 2011 - 8:30pm | 125By Scott Mathews We took a cue from the Fed. These financials have the cash flow and balance sheets to clear the way for higher dividend payments in 2011. Some dividends are set to head much higher. Here is what we found: Huntington Bancshares (HBAN): A bank with Midwestern roots, Huntington...
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Hot Stock Movers to watch on Thursday
Wednesday, March 23, 2011 - 7:04pm | 1639( click to enlarge ) Baidu.com, Inc. (NASDAQ:BIDU) is breaking out. The stock broke through the highs set in February and should continue to move. I'm a buyer of BIDU once it breaks through today's high of $133.97 for the continuation move. The stock will move very quickly, so watch it...
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MICROCAPITAL BRIEF: International Finance Corporation (IFC) To Purchase 18 Percent Stake In National Rural Support Programme Microfinance Bank (NRSP MF Bank) Of Pakistan In Effort To Boost Farmers' Access To Finance
Wednesday, March 23, 2011 - 4:56pm | 140International Finance Corporation (IFC), a member of the World Bank Group, is acquiring an 18 percent stake in the National Rural Support Programme Microfinance Bank (NRSP MF Bank), a Pakistani microfinance institution (MFI), in an effort to increase access to finance for farmers [1]. The...
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Cascade Bancorp Fiels to Sell up to 44.54M Shares
Wednesday, March 23, 2011 - 4:29pm | 103Cascade Bancorp (NASDAQ: CACB) files S-1 statement: "This prospectus relates to the resale of an aggregate of up to 44,540,054 shares of our common stock, of which 44,193,750 were issued to the selling stockholders in connection with an equity financing transaction in January 2011 (the “Private...
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Sun Bancorp Inc. Chairman Buys 701,754 Shares of SNBC
Wednesday, March 23, 2011 - 4:08pm | 57In a Form 4 filed earlier today, Sun Bancorp Inc. (NASDAQ: SNBC) Chairman of the Board, Bernard Brown, reported that he purchased 701,754 shares of SNBC on March 22nd for an average price of $2.85. The transaction totaled $1,999,999. Mr. Brown owns 3,929,714 direct shares and 2,750,490 indirect...
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Doug Kass Buying Sun Trust Aggresively (STI)
Wednesday, March 23, 2011 - 11:04am | 41Doug Kass tweeted that he is buying Sun Trust (NYSE: STI) aggressively. At last check, shares of STI were down 52 cents to $28.65, a loss of 1.8%.
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Wilmington Trust Stockholders Approve Merger
Tuesday, March 22, 2011 - 5:04pm | 124Wilmington Trust Corporation (NYSE: WL) announced that holders of the company's common stock have voted to approve and adopt the merger agreement providing for the acquisition of Wilmington Trust by M&T Bank Corporation. At a special meeting held earlier today, the merger agreement was...
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Hot Stock Movers to watch on Wednesday
Tuesday, March 22, 2011 - 4:55pm | 2187( click to enlarge ) Flotek Industries, Inc. (NYSE:FTK) broke out to a new all-time high today accompained by a strong volume suggesting higher levels. The stock has been on a remarkable run since November and it doesn't looks like the trend will change soon. The technical chart still showing...
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Fifth Third Increases Dividend to $0.06
Tuesday, March 22, 2011 - 2:14pm | 50Fifth Third Bancorp (Nasdaq: FITB) today declared a first quarter 2011 cash dividend on its common shares of $0.06, an increase of $0.05 from its previous quarterly dividend rate. The cash dividend is payable on Thursday, April 21, 2011 to shareholders of record as of Friday, April 1, 2011.
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Morning Market Movers (PRAN, CVBK, AEN, UCBA)
Tuesday, March 22, 2011 - 9:51am | 128Prana Biotechnology Ltd (NASDAQ: PRAN) shares surged 32.22% to $3.57 at 9:50 am. PRAN announced new data on its drug PBT2 for Alzheimer's disease. Central Virginia Bankshares Inc (NASDAQ: CVBK) climbed 16.80% to $1.46. CVBK appointed Robert B. Eastep as the company's Senior Vice President and...
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Credit Suisse Upgrades Zions Bancorporation to Outperform (ZION)
Tuesday, March 22, 2011 - 9:19am | 172Credit Suisse is out with its report today on Zions Bancorporation (NASDAQ: ZION), upgrading shares of ZION from Neutral to Outperform. In a note to clients, Credit Suisse writes, "Upgrading ZION to Outperform from Neutral: We expect 1Q11 EPS to beat consensus expectations, driven by a sharp...
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Hancock Holding Completes 6.2 Million Share Offering
Tuesday, March 22, 2011 - 9:11am | 44Keefe Bruyette & Woods has announced that Hancock Holding Company (NASDAQ: HBHC) has completed its public stock offering of 6.2 million shares. Keefe Bruyette currently has a Market Perform rating on Hancock Holding Company, which closed yesterday at $32.67.
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Sterne Agee Lowers CYN FY11 Estimates
Tuesday, March 22, 2011 - 8:27am | 70Sterne Agee has published a report lowering FY11 estimates for City National Corp. (NYSE: CYN). According to the report, "We are trimming FY11E by $0.10 to $3.01 per share to reflect a more conservative near-term revenue outlook. We are increasing FY12E by $0.24 to $3.62 per share, mostly to...
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Stifel Nicolaus Upgrades TCB, NUS, MSFG
Tuesday, March 22, 2011 - 8:27am | 62Stifel Nicolaus has upgraded the following companies: TCF Financial (NYSE: TCB) from Hold to Buy, $18 price target Nu Skin (NYSE: NUS) from Hold to Buy, $35 price target Mainsource Financial Group (NASDAQ: MSFG) from Hold to Buy, $11.50 price target