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WSFS Acquires Christiana Bank & Trust From National Penn Bancshares
Monday, December 6, 2010 - 9:50am | 91WSFS Financial Corporation (Nasdaq: WSFS) today announced that it has completed the previously announced acquisition of Christiana Bank & Trust Company from National Penn Bancshares, Inc (Nasdaq: NPBC). In addition, all Christiana banking customers have been successfully converted to WSFS Bank'...
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Washington Federal (WFSL) - Bear of the Day
Monday, December 6, 2010 - 3:05am | 172We are downgrading our recommendation on Washington Federal (WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Fiscal fourth-quarter 2010 earnings missed the Zacks Consensus Estimate by a nickel. Results primarily benefited from a rise in...
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Washington Federal (WFSL) - Bear of the Day
Monday, December 6, 2010 - 1:00am | 172We are downgrading our recommendation on Washington Federal (WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Fiscal fourth-quarter 2010 earnings missed the Zacks Consensus Estimate by a nickel. Results primarily benefited from a rise in...
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J.P. Morgan Initiates Coverage on Washington Federal (WFSL)
Friday, December 3, 2010 - 8:55am | 26J.P. Morgan initiates coverage on Washington Federal (NASDAQ: WFSL) with a Neutral rating and a $17.50 price target.
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Washington Federal Initiated At Neutral By JP Morgan
Friday, December 3, 2010 - 8:46am | 197JP Morgan has published a research report on Washington Federal, Inc. (NASDAQ: WFSL) and has initiated coverage on the company at Neutral. In the report, JP Morgan writes "Although Washington Federal today faces many of the same credit quality and growth challenges as the majority of banks in our...
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JP Morgan Initiates Coverage On Washington Federal At Neutral
Friday, December 3, 2010 - 8:06am | 23JP Morgan has initiated coverage on Washington Federal Inc. (NASDAQ: WFSL) with a Neutral rating.
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People's United Closes Acquisitions - Analyst Blog
Thursday, December 2, 2010 - 3:30pm | 519People's United Financial Inc. (PBCT) has closed the acquisitions of LSB Corporation and Smithtown Bancorp Inc. The acquisitions are in line with the company's strategy of expanding its presence in its markets. Acquisition Details North Andover, Massachusetts-based LSB Corporation is an $800...
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People's United Closes Acquisitions - Analyst Blog
Thursday, December 2, 2010 - 10:14am | 519People's United Financial Inc. (PBCT) has closed the acquisitions of LSB Corporation and Smithtown Bancorp Inc. The acquisitions are in line with the company's strategy of expanding its presence in its markets. Acquisition Details North Andover, Massachusetts-based LSB Corporation is an $800...
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Freddie Mac Announces Eviction Suspension
Wednesday, December 1, 2010 - 1:09pm | 40Freddie Mac (NYSE: FRE) today announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties that had Freddie Mac mortgages to be suspended from December 20, 2010 to January 3, 2011.
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Chinese Manufacturing Grows Again, Leading to First Day of the Month Gains in the US Repeatedly
Wednesday, December 1, 2010 - 10:30am | 1125The past year and a half, the first day of the month has usually been an excellent day in U.S. markets as the Chinese Purchasing Manager (PMI) reports come in strong, leading to that overnight S&P futures surge. Today appears to be another such day, barring some strangeness during the normal...
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10 High Volume Bank Stocks with Upside
Wednesday, December 1, 2010 - 9:43am | 533NEW YORK (TheStreet) -- Based on consensus price targets among analysts polled by Thomson Reuters, TheStreet has identified the 10 actively-traded bank stocks with the most upside potential over the next year. TheStreet's recent look at 10 Banks with Real Earnings Improvement included some...
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US Stock Futures Signal Higher Start For Wall Street
Wednesday, December 1, 2010 - 7:55am | 254US stock index futures are higher, after better-than-expected factory production data from China. Futures on the Dow Jones Industrial Average gained 119 points to 11,115.00, while S&P 500 futures rose 13.80 points to 1,193.40. Nasdaq 100 futures advanced 21.75 points to 2,138.75. US stock...
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Morning Market Movers (ICGN, BEZ, OPHCD, CAFI)
Tuesday, November 30, 2010 - 11:11am | 125Icagen Inc (NASDAQ: ICGN) shares advanced 45.90% to $1.78 at 10:05 am. ICGN selected a compound for development in Nav1.7 program. Baldor Electric Company (NYSE: BEZ) jumped 40.17% to $63.23. ABB Ltd (NYSE: ABB) has announced its plans to purchase BEZ for $3.1 billion, or $63.50 per share,...
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Elmira Savings Bank Declares Dividend of $.20
Monday, November 29, 2010 - 4:01pm | 56The Board of Directors of The Elmira Savings Bank, FSB (Nasdaq: ESBK) has declared a $0.20 per share cash dividend on their common shares outstanding. The cash dividend will be paid on December 27, 2010 to shareholders of record December 3, 2010. The Bank also declared a dividend on their...
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Bearish MACD for Washington Fed - Tale of the Tape
Monday, November 29, 2010 - 11:30am | 118Washington Federal Inc.'s (WFSL) MACD indicator has moved into bearish territory with a reading of -0.1041. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 1% to $14.64 in morning trade. The Zacks Consensus Estimate on the company's earnings for the year ending September 2011 has...