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UPDATE: J.P. Morgan Lowers PT on Washington Federal to $17 (WFSL)
Friday, April 15, 2011 - 9:03am | 114J.P. Morgan is out with its report today on Washington Federal (NYSE: WFSL), lowering its PT from $18.50 to $17. In a note to clients, J.P. Morgan writes, "WFSL shares currently trade at 1.11x TBV, or a 26% discount to peers, as well as at 9.5x 2014E earning power, which represents a 5% discount...
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KBW Reiterates WFSL Outperform Rating
Friday, April 15, 2011 - 8:38am | 31KBW has issued a report maintaining an Outperform Rating on Washington Federal (NASDAQ: WFSL). WFSL has a $20 Price Target and closed at $15.64 yesterday.
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Early Dip Puts Market on Notice 04-14-2011
Thursday, April 14, 2011 - 3:18pm | 1004Cusick's Corner The market is holding and this is where I want to see the bid come in with some conviction in an attempt to buck the recent trend of weak finishes. Tech and Financials are starting to become more volatile, plus Financials are under pressure with some trading volume as well. Some of...
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Banks Poised For Higher Rates!
Thursday, April 14, 2011 - 5:46am | 63Several months of continuous improvement of the economic indicators of price pressures simmering, the impact of higher interest rates has become a more significant risk factor for banks, investors hold stock. In the past three years, the gap between Treasuries and 10 two years has averaged 224...
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Bank Mutual Hits 52-Week Low (BKMU)
Wednesday, April 13, 2011 - 12:56pm | 33Bank Mutual (NASDAQ: BKMU) has hit a 52-week low in today's trading. At last check, the year-to-date performance Bank Mutual has been a loss of 20.8%.
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Stifel Nicolaus Summary
Wednesday, April 13, 2011 - 8:32am | 83Stifel Nicolaus is upgrading iStar Financial (NYSE: SFI) to Buy. It is also upgrading Newcastle Investment (NYSE: NCT) to Buy. It is increasing the target price on Endo Pharmaceuticals (NASDAQ: ENDP) to $53.00 from $45.00. Estimates are increased on iStar Financial and Newcastle Investment, and...
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BankAtlantic Bancorp Receives a Continued Listing Standard Letter from the NYSE
Tuesday, April 12, 2011 - 4:21pm | 89BankAtlantic Bancorp, Inc. (NYSE: BBX) announced today that it has been notified by the New York Stock Exchange that its Class A Common Stock did not satisfy one of the NYSE's standards for continued listing. The NYSE requires that the average closing price per share of a listed company's stock be...
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PMI Group Hits 52-Week Low (PMI)
Tuesday, April 12, 2011 - 10:36am | 33PMI Group (NYSE: PMI) has hit a 52-week low in today's trading. At last check the year-to-date performance of PMI has been a loss of 28%.
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Jacksonville Bancorp Reports EPS of $0.39 vs. $0.26 Year Ago
Monday, April 11, 2011 - 4:45pm | 53Jacksonville Bancorp, Inc. (NASDAQ: JXSB) reported unaudited net income for the three months ended March 31, 2011, of $735,000, or $0.39 per share of common stock, basic and diluted, compared to net income of $499,000, or $0.26 per share of common stock, basic and diluted, for the three months...
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KBW Has Outperform On Ocwen Financial Corporation (OCN)
Monday, April 11, 2011 - 7:39am | 106KBW has a Outperform rating and a $13 price target on shares of Ocwen Financial Corporation (NYSE: OCN). In a note to clients, KBW writes, "We spent last Thursday and Friday traveling with Ron Faris, CEO of Ocwen. Points of discussion included: 1) acquisition opportunities; 2) opportunities for...
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Baltimore County Savings Bank, FSB Announces Filing of Application to Convert to a Maryland Commercial Bank Charter
Friday, April 8, 2011 - 4:00pm | 113BCSB Bancorp, Inc. (NASDAQ: BCSB), the holding company for Baltimore County Savings Bank, FSB (the "Bank"), today announced their application submittal to the Office of the Commissioner of Financial Regulation of the State of Maryland to convert its charter from a federally chartered savings bank...
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Options Brief: HSBC Holdings. (HBC)
Thursday, April 7, 2011 - 10:21am | 113Shares of HSBC Holdings (NYSE: HBC) are higher on the session by 1.28%, trading at $54.59. Overall call volume is now running at 2.59x the daily average, with 6% of all calls traded being purchases on the offer. 10,825 contracts have traded on the session so far. HSBC Holdings plc is a global...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Fortune Brands (TEVA, SDRL, HCBK, FO, PUDA, BTU, BIDU, SINA, RVBD, HOC, WFT, EW)
Thursday, April 7, 2011 - 12:22am | 346On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Teva Pharmaceutical (NASDAQ: TEVA) is a “mystery to me. That stock has been crushed. The health care stocks are going to bottom here." He believes that SeaDrill Limited (NYSE: SDRL) is “good. I like the oil drillers. There might...
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First Federal Bancshares of Arkansas Files to Sell 2.9M Shares
Wednesday, April 6, 2011 - 4:39pm | 20First Federal Bancshares of Arkansas (NASDAQ: FFBH) Files to Sell 2.9M Shares
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Regulators Approve the First Niagara and NewAlliance Merger
Wednesday, April 6, 2011 - 2:36pm | 69Today, the Office of the Comptroller of the Currency and the Connecticut Department of Banking approved the merger of First Niagara Financial Group, Inc. (Nasdaq: FNFG) and NewAlliance Bancshares, Inc. (NYSE: NAL), clearing the way for the combination of the two organizations. Today's approvals...