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Fifth Third Bancorp Repurchases Warrant From U.S. Department of Treasury
Wednesday, March 16, 2011 - 4:11pm | 92Fifth Third Bancorp (Nasdaq: FITB) announced that it has repurchased the warrant issued to the U.S. Department of Treasury under the TARP Capital Purchase Program. The warrant gave the right to purchase 43,617,747 shares of Fifth Third Bancorp common stock at $11.72 per share. Fifth Third Bancorp...
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General Dynamics Selected for U.S. Army Combined Arms Center Contract Valued Potentially at $260M
Wednesday, March 16, 2011 - 11:00am | 77General Dynamics Information Technology, a business unit of General Dynamics (NYSE: GD), has been selected as an awardee for the U.S. Army's Combined Arms Center (CAC) Fort Leavenworth Support Services program contract. The multi-award, indefinite delivery, indefinite quantity contract has a...
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Benzinga's Top Upgrades (NBL, GEOY, BBT, CHDX)
Wednesday, March 16, 2011 - 8:31am | 145Noble Energy Inc (NYSE: NBL) was upgraded by UBS from "neutral" to "buy." NBL's shares closed at $90.75 yesterday. Noble Energy's trailing-twelve-month operating margin is 31.16%. Merriman upgraded GeoEye Inc (NASDAQ: GEOY) from "neutral" to "buy.” GEOY's shares closed at $37.09 yesterday. GeoEye'...
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UPDATE: KBW Raises PT on Fulton Financial Corp. to $10 (FULT)
Wednesday, March 16, 2011 - 8:16am | 109KBW is out with its report today on Fulton Financial Corp. (NASDAQ: FULT), raising its PT to $10. In a note to clients, KBW writes, "After the close, Fulton announced a 33% increase in its quarterly cash dividend to $0.04 per share (from $0.03). The increase implies a bump up in the reported...
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S&T Bancorp Revises Q4 EPS to $0.31 from $0.41
Wednesday, March 16, 2011 - 6:57am | 55S&T Bancorp, Inc. (Nasdaq: STBA) today announced a revision to its previously reported full year 2010 and fourth quarter earnings. Net Income Available to Common Shareholders: Revised: $8.74M Previously Reported: $11.45M EPS: Revised: $0.31Previous: $0.41
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Deutsche Bank Ups BBT To Buy
Wednesday, March 16, 2011 - 6:54am | 56Analysts at Deutsche Bank upgrade BB&T Corporation (NYSE: BBT) from “hold” to “buy.” The target price for BBT has been raised from $28 to $31. BBT shares closed at $26.83 yesterday. More Analyst Ratings here
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Mad Money Lightning Round: Cramer Likes Airgas (TIBX, CBU, FNFG, SWC, ARG)
Wednesday, March 16, 2011 - 2:48am | 178On CNBC's Mad Money, Jim Cramer said during the Lightning Round that TIBCO Software (NASDAQ: TIBX) is a “cloud software play but I'm not overstaying my welcome. Let's take profits." He believes that Community Bank System (NYSE: CBU) is “fine.” He added, “I prefer First Niagara Financial (NASDAQ:...
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Fulton Financial Corporation Increases Dividend to $0.04
Tuesday, March 15, 2011 - 4:32pm | 59Fulton Financial Corporation (Nasdaq: FULT) will pay a quarterly cash dividend of four cents per share on its common stock on April 15, 2011 to shareholders of record as of March 28, 2011. This amount is a one cent increase per share over the three cents per share paid in January of 2011.
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Sterne Agee Has Buy On Signature Bank (SBNY)
Tuesday, March 15, 2011 - 4:06pm | 157Sterne Agee has a Buy rating and a $63 price target on shares of Signature Bank (NASDAQ: SBNY). In a note to investors, Sterne Agee writes, "BUY-rated SBNY remains our top organic growth pick, as we remain comfortable that EPS momentum will remain strong through 2013. As shown in our DCF/NPV...
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Standpoint Research Upgrades (PRSP, VLTR, CBRL, CIB, SBS, TEO)
Tuesday, March 15, 2011 - 1:38pm | 119Standpoint Research is upgrading the following companies: Saneamento Brazil (NYSE: SBS) from Hold to Accumulate Telecom Argentina (NYSE: TEO) from Hold to Accumulate BanColombia (NYSE: CIB) from Hold to Accumulate Cracker Barrell (NASDAQ: CBRL) from Hold to Buy Volterra (NASDAQ: VLTR) from...
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Morning Market Movers (SSFN, BWEN, ZNWAW, CBLI)
Tuesday, March 15, 2011 - 9:55am | 148Stewardship Financial Corp (NASDAQ: SSFN) shares advanced 21.96% to $7.22 at 9:55 am. SSFN shares have dropped 31.16% over the past 52 weeks, while the S&P 500 index has gained 12.68% in the same period. Broadwind Energy Inc (NASDAQ: BWEN) shares surged 20.40% to $1.50. BWEN reported a 47.9% y...
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Mad Money Lightning Round: Cramer Likes Salesforce.com (NVDA, CLNE, RF, HBAN, C, NXPI, XLNX, QCOM, SWKS, NKE, CRM)
Tuesday, March 15, 2011 - 2:39am | 269On CNBC's Mad Money, Jim Cramer said during the Lightning Round that NVIDIA (NASDAQ: NVDA) is “done.” He added, “I'm not looking back. The money has been made." For Clean Energy Fuels (NASDAQ: CLNE), he said, "No, no, no. We're not going to recommend that stock until the government recognizes...
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Sun Bancorp, Inc. Announces $75M Public Offering
Monday, March 14, 2011 - 4:20pm | 83Sun Bancorp, Inc. (Nasdaq: SNBC) announced today the commencement of an underwritten public offering of approximately $75 million of its common stock. The company expects to use the net proceeds from this offering for general corporate purposes, including a contribution to the capital of Sun...
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IBERIABANK Annouces Cameron Bank Acquisition, Morgan Keegan Maintains Outperform
Monday, March 14, 2011 - 9:22am | 160Morgan Keegan has published a research report on IBERIABANK Corporation (NASDAQ: IBKC) after the company announced its acquisition of Cameron Bank on Friday before market open. In the report, Morgan Keegan writes "IBKC announced Friday the acquisition of Lake Charles, Louisiana-based Cameron Bank...
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UPDATE: KBW Raises PT on Sterling Bancorp to $10.50 (STL)
Monday, March 14, 2011 - 7:58am | 117KBW is out with its report today on Sterling Bancorp (NYSE: STL), raising its PT to $10.50. In a note to clients, KBW writes, "STL has completed the sale and issuance of 4.025mm shares raising gross proceeds of $38.6mm. The newly raised capital will help position the bank to repay its $42mm of...