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Sterne Agee Maintains Buy on Washington Federal
Tuesday, June 28, 2011 - 9:00am | 61Sterne Agee is out with its report today on Washington Federal (NASDAQ: WFSL), maintaining Buy. In a note to clients, Sterne Agee writes, "We have and continue to view WFSL as a well-positioned defensive name with limited downside and several catalysts for an improving valuation going forward."...
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Peoples United and Danvers Bancorp Announce Receipt of All Regulatory Merger Approvals
Tuesday, June 28, 2011 - 7:35am | 85People's United Financial, Inc. (NASDAQ: PBCT) and Danvers Bancorp, Inc. (NASDAQ: DNBK) today announced that their proposed merger was approved by the Office of the Massachusetts Commissioner of Banks and the Massachusetts Board of Bank Incorporation on June 27, 2011. The transaction was...
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Washington Federal Announces 10M Share Repurchase Program
Monday, June 27, 2011 - 4:42pm | 63Washington Federal (NASDAQ: WFSL) today announced the authorization of an additional 10 million shares that may be repurchased under Washington Federal's share repurchase program. During the quarter ending June 30, 2011, Washington Federal has repurchased 1,654,800 shares at a weighted average...
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Top Performing Industries For June 27
Monday, June 27, 2011 - 10:14am | 179At 10:10 am, the Dow rose 0.44% to 11,986.54, the broader Standard & Poor's 500 index moved up 0.34% to 1,272.75 and the NASDAQ composite index gained 0.44% to 2,664.47. The industries that are driving the market today are: Catalog & Mail Order Houses: This industry jumped 1.75% by 10:10...
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Morning Market Losers
Monday, June 27, 2011 - 9:53am | 111Pain Therapeutics (NASDAQ: PTIE) dipped 26.60% to $3.89 at 9:50 am. Pfizer (NYSE: PFE) and PTIE received a Complete Response Letter from the US Food and Drug Administration (FDA) on the resubmission to the new drug application (NDA) for REMOXY. Malvern Federal Bancorp Inc (NASDAQ: MLVF) fell 12....
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Piper Jaffray Maintains OW Rating on Radian Group and MGIC Investment
Monday, June 27, 2011 - 8:25am | 118Weekend pundits suggest the Mortgage Insurers to be in a “dire position with further credit deterioration likely leading to issues on capital adequacy and long-term viability of the business,” Piper Jaffray reports. “In our view, MGIC Investment Corp. (NASDAQ: MTG) and Radian Group Inc. (NYSE: RDN...
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FBR Capital Markets Upgrades Hudson City Bancorp To Market Perform, Raises PT To $10
Monday, June 27, 2011 - 7:45am | 31FBR Capital Markets has upgraded Hudson City Bancorp (NASDAQ: HCBK) from Underperform to Market Perform and has raised the price target from $9 to $10.
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Take the Market's Pulse Using the 200-Day
Friday, June 24, 2011 - 7:09pm | 903Cusick's Corner Over the weekend take a look at the benchmarks and your individual holdings to establish a sense of support. For example, consider looking at the S&P 500 September Future to help understand the general pulse. The S&P is 5 points before getting to the 200-Day Moving Average...
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Green Car Stocks Trading Alert June 24th
Friday, June 24, 2011 - 12:48pm | 1031June 24, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com a leader in cleantech investor research, reports on trading for green and electric car stocks for June 24th. US. Markets opened relatively flat and then slid on new European fears. Battery maker , A123 Systems, Inc...
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Chatter About Buyout Offer in Shares of Meta Financial Group
Friday, June 24, 2011 - 11:47am | 34This link shows a recent tweet circulating about a possible buyout pursuit for Meta Financial Group (NASDAQ: CASH).
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Stocks to Watch for 6/24/11: Fresh 52 Week Highs and Lows
Friday, June 24, 2011 - 4:30am | 2005Stocks 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 Thursday's trading session: 1) Bristol-Myers Squibb (NYSE: BMY): Shares of Bristol-Myers Squibb hit a 52-week...
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Stocks Hitting 52-Week Highs
Thursday, June 23, 2011 - 10:14am | 134New York Mortgage Trust Inc (NASDAQ: NYMT) shares rose 1.87% to create a new 52-week high of $7.63. NYMT has a dividend yield of 12.80%. MicroStrategy Incorporated (NASDAQ: MSTR) shares gained 5.79% to create a new 52-week high of $158.34. Kognitio and MicroStrategy strengthened their long-...
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Hingham Institution Company Increases Dividend by 4.2% to $0.25
Thursday, June 23, 2011 - 9:01am | 50Hingham Institution (NASDAQ: HIFS) announced that its Board of Directors declared a regular quarterly cash dividend of $0.25 per share. The dividend will be paid on July 21, 2011 to stockholders of record as of July 11, 2011. This represents a 4.2% increase over the previous quarterly dividend.
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Keefe, Bruyette & Woods Cuts Estimates And Price Target On Hudson City Bancorp
Thursday, June 23, 2011 - 7:47am | 101According to Keefe, Bruyette & Woods, Hudson City Bancorp (NASDAQ: HCBK) estimates and price target are cut due to lower reinvestment rates in the quarter and the ongoing lack of available growth opportunities. Keefe, Bruyette & Woods said that it is hesitant to recommend the shares at...
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Morgan Stanley Reiterates Overweight and PT of $17 on People's United
Thursday, June 23, 2011 - 7:25am | 115Morgan Stanley reiterated its Overweight rating on People's United (NASDAQ: PBCT). At the same time, Morgan Stanley decided to leave its price target on the company's stock unchanged at $17, in spite of raising its earnings per share estimates. In the report, Morgan Stanley states, "Following our...