Thrifts & Mortgage Finance

FHFA directs delisting of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Freddie Mac has notified the NYSE of its intention to delist by July 8th. Fannie Mae closed below a $1 yesterday and Freddie Mac closed just above $1.20.

Some of the stocks that may grab investor focus today are: Analysts are expecting FedEx (NYSE: FDX) to have earned $1.31 per share in the fourth quarter. FDX’s shares gained 0.13% to $83.12 in after hours trading. Wall Street expects Culp (NYSE: CFI) to post its Q4 EPS at $0.25. CFI’s shares moved...

Shares of Radian Group Inc. (NYSE: RDN) are higher on the session by 8.34%, currently trading at $10.00. The stock fell hard in May and the stock has been basing sideways ever since. Options volume is favoring the call side today, though action is quite mixed. The August $10 and $12.50 calls have...

Recently, Celgene Corp. (CELG) announced positive results from the planned second interim analysis of a late-stage study (n=459) of continuous Revlimid (lenalidomide) for treating patients, aged 65 or more, suffering from newly diagnosed multiple myeloma. The data, presented during the European...

Recently, Bristol-Myers Squibb Co. (BMY) and partner Pfizer Inc. (PFE) announced that a late-stage study evaluating their anti-clotting drug apixaban in patients with atrial fibrillation will be stopped. The two companies agreed to develop and commercialize apixaban via an agreement signed in 2007...

Updated results from Celgene's (NASDAQ: CELG) MM-015 study reaffirmed Revlimid's efficacy in improving progression free survival (PFS). The analysts said, "We believe that the data will support US and EU filing in front line MM. While US approval will likely have limited impact, as Revlimid is...

Analysts at Jefferies & Co upgrade Ocwen Financial Corporation (NYSE: OCN) from "hold" to "buy." The target price for OCN is set to $13. OCN’s shares fell 0.29% to close at $10.40 on Friday. More Analyst Ratings here

Below are the top 5 small-cap financial stocks on the NASDAQ in terms of sales growth estimates. The sales of Abington Bancorp Inc (NASDAQ: ABBC) are expected to jump by 184.8% in the next quarter. ABBC’s March quarter earnings were 260% higher than anticipated. The sales of Main Street Capital...

Louisiana Bancorp, Inc. (Nasdaq: LABC), the holding company for Bank of New Orleans, announced today that it will complete its previously announced seventh stock repurchase program within the week and that it will initiate an eighth stock repurchase program to acquire up to 5%, or 222,926 shares of...

BankAtlantic Bancorp, Inc. (NYSE: BBX) today announced that it intends to pursue a rights offering for up to $25 million of its Class A Common Stock. A record date of June 14, 2010 has been set for the proposed rights offering. Upon commencement of the rights offering, BankAtlantic Bancorp will...

Ocwen Financial (NYSE: OCN) is a mortgage loan servicer specializing in servicing subprime loans. Ocwen (OCN) is headquartered in West Palm Beach, Florida but most of its operations are located abroad, primarily in India. Ocwen recently acquired Barclays’ (NYSE: BCS) US mortgage servicing business...

Central Bancorp Inc (NASDAQ: CEBK) crossed its earlier 52-week high of $11.50 and created a new 52-week high of $11.51, up 0.09% at 1:04 pm. CEBK is the holding company of Central Co-operative Bank, which provides commercial banking services in the northwestern suburbs of Boston, Massachusetts....

Analysts at Keefe, Bruyette & Woods reiterated their Outperform rating on shares of Ocwen Financial Corp (NYSE: OCN) today. The firm has a $14.00 price target on the stock. On Friday, Barclays (NYSE: BCS) announced the sale of its US mortgage servicing business to Ocwen (OCN) for $1.3 billion...

Below are the top 5 mortgage investment stocks on the NASDAQ and the NYSE in terms of sales. The trailing-twelve-month sales of Annaly Capital Management Inc (NYSE: NLY) stand at $2.07 billion. NLY’s trailing-twelve-month operating margins amount to 93.14%. The trailing-twelve-month sales of MFA...

Below are the top 5 savings and loans stocks on the NASDAQ and the NYSE in terms of sales growth estimates. The sales of Meridian Interstate Bancorp Inc (NASDAQ: EBSB) are expected to grow by 86.6% in the current quarter. EBSB’s quarterly revenue grew by 93.90% year-over-year. The sales of First...