-
Benzinga's Top Pre-Market NASDAQ Losers (MAIL, AGNC, HBHC, MU)
Tuesday, March 22, 2011 - 8:24am | 128IncrediMail Ltd (NASDAQ: MAIL) dipped 5.03% to $7.17 in the pre-market session. MAIL's trailing-twelve-month revenue is $29.16 million. American Capital Agency Corp (NASDAQ: AGNC) lost 3.51% to $28.08 in the pre-market session. AGNC announced the pricing of its public offering of 28,000,000 shares...
-
Benzinga's Top Pre-Market NASDAQ Gainers (NFLX, SPPI, ZION, GLNG)
Tuesday, March 22, 2011 - 8:10am | 164Benzinga's Top Pre-Market NASDAQ Gainers (NFLX, SPPI, ZION, GLNG) Netflix Inc (NASDAQ: NFLX) rose 3.60% to $220.51 in the pre-market session. NFLX's trailing-twelve-month ROE is 65.75%. Spectrum Pharmaceuticals Inc (NASDAQ: SPPI) added 3.03% to $8.15 in the pre-market session. SPPI reported that...
-
Central Virginia Bankshares and Central Virginia Bank Appoint Robert B. Eastep CFO
Monday, March 21, 2011 - 4:36pm | 49Central Virginia Bank and Central Virginia Bankshares, Inc. (Nasdaq: CVBK) today announced the appointment of Robert B. Eastep as Senior Vice President and Chief Financial Officer. Rob has served as the Company's Vice President and Chief Accounting Officer since May of 2010.
-
Superior Bancorp Appoints New CEO
Monday, March 21, 2011 - 4:11pm | 65Superior Bancorp (Nasdaq: SUPR) today announced that it has appointed C. Marvin Scott Chairman & CEO and Rick D. Gardner President of the company, subject to regulatory approval. These appointments are consistent with the company's management succession plan and are being made in conjunction...
-
Merger Announced 03-21-2011
Monday, March 21, 2011 - 4:02pm | 882Cusick's Corner Earlier this morning optionsXpress and The Charles Schwab Corporation announced that they agreed to merge. I am excited about the new offerings and opportunities that may come from this merger. With that said, M&A is on the rise (see Bullish Flow) and blue chips are under...
-
Morgan Stanley Comments On SunTrust Following TARP Exit, Raises PT To $33
Monday, March 21, 2011 - 8:24am | 134Morgan Stanley increases its PT $2 to $33 as SunTrust (NYSE: STI) exited TARP with lower capital raise than expected. TARP repayment and strong Basel 3 CT1 of 9.1% sets the stage for capital deployment in 2H11. Morgan Stanley expects a dividend hike from 1c to 8c in 3q11 to 20% payout ratio. It...
-
Citi Increases Price Target On SunTrust Banks To $37
Monday, March 21, 2011 - 8:03am | 109In a report published by Citi, SunTrust Banks (NYSE: STI) patience pays off with low issuance to repay TARP. Citi said that SunTrust announced that the company commenced a $1 bln common stock offering and plans to repurchase all $4.85 bln in TARP. “Our 2011 estimate is unchanged as these results...
-
Morgan Keegan Upgrades SunTrust Banks To Outperform, PT To $36
Monday, March 21, 2011 - 8:02am | 29Morgan Keegan has upgraded SunTrust Banks (NYSE: STI) from Market Perform to Outperform and has raised the price target from $30 to $36.
-
Morgan Keegan Raises PT On KeyCorp To $10
Monday, March 21, 2011 - 7:59am | 27Morgan Keegan has raised the price target on KeyCorp (NYSE: KEY) from $9 to $10 and maintains its Market Perform rating.
-
Citi Discusses BB&T's Dividend Raise (BBT)
Monday, March 21, 2011 - 7:58am | 130Citi Investment Research is out with a research on BB&T (NYSE: BBT) after it announced it would raise its dividend on Friday. In a note to clients, Citi writes, "The announcement was fairly in-line with our expectations; we did not anticipate BBT would increase the dividend substantially given...
-
Hancock Holding Company Announces $200M Public Offering
Monday, March 21, 2011 - 7:57am | 58Hancock Holding Company (Nasdaq: HBHC) today announced it has commenced an underwritten registered public offering of approximately $200 million in shares of its common stock. Hancock Holding Company intends to grant the underwriters an option to purchase up to an additional 15 percent of the...
-
Citi Raises Keycorp Price Target To $10
Monday, March 21, 2011 - 7:37am | 144In a report published by Citi, Keycorp's (NYSE: KEY) TARP repayment reduces overhang. Citi said that KEY announced on Friday it is issuing $625 mil in common stock (70.6 mil shares at $8.85) to repay the $2.5 billion in TARP capital. “We are maintaining our full-year 2011 est., but are reducing...
-
Citigroup Raises PT On SunTrust banks To $37
Monday, March 21, 2011 - 7:14am | 26Citigroup has raised the price target on SunTrust Banks (NYSE: STI) from $35 to $37 and maintains its Buy rating.
-
Citigroup Raises PT On Keycorp To $10
Monday, March 21, 2011 - 6:39am | 25Citigroup has raised the price target on Keycorp (NYSE: KEY) from $9 to $10 and maintains its Hold rating.
-
Top Trade Ideas for the Week of March 21
Saturday, March 19, 2011 - 5:36pm | 1904( click to enlarge ) The Technical daily chart shows an exhaustion move, where the price had penetrated the $12.70 level confluence with 50-day moving average, but failed to hold above it. The trend direction in short term is now bearish. The medium-term trend outlook for the stock is neutral...