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J.P. Morgan Neutral On New York Community Bank
Friday, July 22, 2011 - 7:38am | 250J.P. Morgan Chase & Co. is out with a research report on New York Community Bank (NYSE: NYB) after it reported earnings, and it has a Neutral rating and a $15 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "NYB reported 2Q11 EPS of $0.27, or $0.26 excluding...
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Bank of America Reiterates Neutral and PT of $14 on People's United Financial
Friday, July 22, 2011 - 6:27am | 50Bank of America reiterated its Neutral rating on People's United Financial (NASDAQ: PBCT). At the same time, the rating agency left its price target on the company's stock unchanged at $14. On Thursday, PBCT added 0.7% to its value to end the day at $13.60.
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JP Morgan Raises PT on People's United Financial to $15
Friday, July 22, 2011 - 6:01am | 28JP Morgan has raised the price target on People's United Financial (NASDAQ: PBCT) from $14 to $15 and maintains its Neutral rating.
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Calls Purchased on Ocwen Financial
Thursday, July 21, 2011 - 2:15pm | 110Shares of Ocwen Financial (NYSE: OCN) are higher on the session by 2.88%, currently trading at $13.37. The stock has been moving largely higher over the past five months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago...
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Stocks to Watch for Thursday 7/21/2011: Fresh 52 Week Highs and Lows
Thursday, July 21, 2011 - 5:36am | 2699Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...
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Wunderlich Securities Reiterates Buy and PT of $4 on Riverview Bancorp
Thursday, July 21, 2011 - 3:26am | 43Wunderlich Securities reiterated its Buy rating on Riverview Bancorp (NASDAQ: RVSB). At the same time, the rating agency left its price target on the company's stock unchanged at $4. On Wednesday, RVSB finished the day at $3.02.
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Jacksonville Bancorp Announces 5% Share Repurchase
Wednesday, July 20, 2011 - 4:22pm | 91Jacksonville Bancorp, Inc.'s (NASDAQ: JXSB) Board of Directors authorized a stock repurchase plan for the Company to repurchase up to 5% of its outstanding shares of common stock, or 96,547 shares in the open market, in block trades or in privately negotiated transactions depending on market...
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Morning Market Losers
Wednesday, July 20, 2011 - 10:07am | 129Dynavax Technologies Corporation (NASDAQ: DVAX) dipped 31.33% to $2.17 at 10:05 am. DVAX's cash, cash equivalents and marketable securities at June 30, 2011 came in at $61.7 million, versus $53.2 million at March 31, 2011. Icagen Inc (NASDAQ: ICGN) fell 23.10% to $5.96. Pfizer Inc (NYSE: PFE)...
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UPDATE: Hudson City Bancorp Reports 33% Drop In Q2 Net Income
Wednesday, July 20, 2011 - 9:16am | 66Hudson City Bancorp Inc (NASDAQ: HCBK) reported a 33% drop in its second-quarter net income. HCBK's quarterly earnings fell to $96 million, or $0.19 per share, from $142.6 million, or $0.29 per share, in the year-ago quarter. However, analysts were expecting earnings of $0.18 per share. Its...
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First Financial Holdings, Inc. Reclassifies $155 Million of Loans as Held for Sale at June 30, 2011
Monday, July 18, 2011 - 4:48pm | 61First Financial Holdings, Inc. (Nasdaq: FFCH) announced today that the company reclassified approximately $155 million of certain nonperforming and performing loans to loans held for sale as of June 30, 2011. The company is pursuing potential loan sale alternatives that are expected to result in...
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MGIC Investment Down over 22% after Quarterly Results this Morning; 52-Week Low
Monday, July 18, 2011 - 12:13pm | 151MGIC Investment Corp (NYSE: MTG) swung to a loss in the second quarter. MGIC reported quarterly a loss of $151.7 million, or $0.75 per share, versus a profit of $24.6 million, or $0.13 per share, in the year-ago period. Its revenue dropped 9.7% to $367 million. Analysts were expecting earnings of...
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Winners and Losers as of 10:55AM
Monday, July 18, 2011 - 10:56am | 262Winners: Walter Energy (NYSE: WLT) is trading up roughly 6.90% near $118.5 after Citigroup initiated coverage with a Buy rating. First Majestic Silver (NYSE: AG) is trading up roughly 5% near $23.70 as the price of silver has risen over 2%. Greenhill & Co (NYSE: GHL) is trading up over 4.70...
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Calls Purchased on New York Community Bancorp
Monday, July 18, 2011 - 10:26am | 121Shares of New York Community Bancorp (NYSE: NYB) are lower on the session by 0.83%, currently trading at $14.97. The stock has been moving largely higher over the past four months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short...
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Morning Market Losers
Monday, July 18, 2011 - 10:02am | 108Nabi Biopharmaceuticals (NASDAQ: NABI) dipped 69.27% to $1.73 at 9:55 am. NABI reported that NicVAX (Nicotine Conjugate Immunotherapeutic) failed to meet its primary endpoint in the company's first of two confirmatory Phase III clinical trials. WebMD Health Corp (NASDAQ: WBMD) fell 29.24% to $32....
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Earnings Roundup
Monday, July 18, 2011 - 9:19am | 549PetMed Express Inc (NASDAQ: PETS) reported a 33% decline in its fiscal first-quarter earnings. PetMed Express reported its quarterly profit at $4.8 million, or $0.22 per share, down from $7.2 million, or $0.32 per share, in the year-earlier period. Its revenue dropped 1.1% to $74 million, while...