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Tech Looking Potentially Overbought 07-28-2010
Wednesday, July 28, 2010 - 7:04pm | 846Cusick’s Corner The day came off its worst levels, with some short covering into the close. While today’s action was not that enlightening, the economic data, specifically durable goods, did reveal that the investing and trading public at large is still on the sidelines concerning the potential for...
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Flagstar Bancorp Misses Earnings Estimate (FBC)
Wednesday, July 28, 2010 - 9:26am | 212Troy, Michigan based Flagstar Bancorp, Inc. (NYSE: FBC) on Wednesday morning released financial results that failed to meet Wall Street earnings expectations. Flagstar Bancorp, Inc. (FBC) reported a bigger than expected 2nd quarter net loss of $97 million, or 63 cents per share, compared to a loss...
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Zacks Analyst Blog Highlights: Lockheed Martin, AmerisourceBergen, PACCAR, Valero Energy and Office Depot - Press Releases
Wednesday, July 28, 2010 - 8:07am | 1885For Immediate Release Chicago, IL – July 28, 2010 – Zacks.com Analyst Blog features: Lockheed Martin Corporation (LMD), AmerisourceBergen Corporation (ABC), PACCAR Inc. (PCAR), Valero Energy Corporation (VLO) and Office Depot Inc. (ODP ). Get the most recent insight from Zacks Equity Research with...
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Benzinga’s Top Downgrades (AMMD, EBTX, FIATY, TEVA)
Monday, July 26, 2010 - 6:42am | 159American Medical Systems Holdings Inc (NASDAQ: AMMD) was downgraded by Wells Fargo Securities from "outperform" to "market perform." AMMD’s shares closed at $22.89 on Friday. American Medical Systems Holdings’ 52-week trading range is $13.79 - $24.12. Keefe Bruyette downgraded Encore Bancshares Inc...
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NorthEast Community Bancorp Announced The Repurchase of Up To 5% Of Its Outstanding Stock
Thursday, July 22, 2010 - 4:44pm | 158NorthEast Community Bancorp, Inc. (Nasdaq: NECB), the holding company for NorthEast Community Bank, announced today that the Company’s board of directors has approved the repurchase for up to 297,563 shares, or approximately 5.0% of the Company’s outstanding common stock held by persons other than...
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Provident New York Bancorp to Announce Third Quarter 2010 Earnings and Declares Quarterly Dividend of $0.06 Per Share
Thursday, July 22, 2010 - 4:40pm | 195Provident New York Bancorp (NASDAQ: PBNY), the parent company of Provident Bank, today announced that it plans to release third quarter results for fiscal 2010 after market close on Monday, July 26, 2010. George Strayton, President and CEO of Provident New York Bancorp will host a conference call...
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People's United Financial Appoints John P. Barnes as President and CEO
Thursday, July 22, 2010 - 4:31pm | 325People's United Financial, Inc. (Nasdaq: PBCT), a diversified financial services company, today announced that it has named John P. (Jack) Barnes as President, Chief Executive Officer and a member of the Board of Directors effective immediately. Barnes was also named President, CEO and a director...
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Regional Banks Still Look Like Dead Money
Wednesday, July 21, 2010 - 10:21am | 439As we all know the major stock market indexes found a short term low in early July. Since that time the major indexes have bounced around six to eight percent. Many investors are saying the worst is behind us and the correction that began in April is now over. While the major market indexes have...
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Keefe, Bruyette & Woods Gives Outperform Rating To Washington Federal Inc (WFSL)
Tuesday, July 20, 2010 - 12:30pm | 76Washington Federal Inc (WFSL) reported fiscal third-quarter EPS of $0.11, following in line with Keefe, Bruyette & Woods estimates and $0.04 above consensus estimates. Following the results, KWB decided to maintain its fiscal 2010 and 2011 EPS estimates of $0.25 and $0.95. However, analysts...
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United Financial Bancorp, Inc. Outperforms Estimates (UBNK)
Tuesday, July 20, 2010 - 9:16am | 85United Financial Bancorp, Inc. (UBNK) reported operating results of $0.20/share, which topped Street estimates of $0.16/share. The company also topped Keefe, Bruyette & Woods estimates of $0.15/share. A lower provision along with improved expense control helped the bank offset weaker spread...
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Benzinga’s Top Pre-Market NASDAQ Losers (ZION, ATHR, HCBK, CRUS)
Tuesday, July 20, 2010 - 8:41am | 138Zions Bancorporation (NASDAQ: ZION) dipped 7.33% to $19.85 in the pre-market session. ZION has widened its loss in the second quarter. Atheros Communications Inc (NASDAQ: ATHR) lost 6.43% to $28.50 in the pre-market session. ATHR has signed an agreement to acquire Opulan Technologies Corp to expand...
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ZIOPHARM Announces Initiation of Palifosfamide Pivotal Study
Monday, July 19, 2010 - 4:06pm | 132ZIOPHARM Oncology, Inc. (Nasdaq: ZIOP) today announced the initiation of the pivotal Phase III clinical trial for palifosfamide (ZymafosTM) in patients with front-line metastatic soft tissue sarcoma. The study, called PICASSO 3, is an international, randomized, double-blinded, placebo-controlled...
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Piper Jaffray Looks For Credit to Improve (AGO, MTG, RDN)
Monday, July 19, 2010 - 9:36am | 241Piper Jaffray is out with a research report this morning, where it looks for credit to improve this month. They said, “Looking ahead to earnings for the mortgage insurance and financial guaranty space, results hinge on June's credit performance within the portfolios of risk at each of the companies...
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SARB takes stock and a deep breath
Monday, July 19, 2010 - 6:45am | 4198By Cees Bruggemans, chief economist of First National Bank. In another major landmark speech, SARB Governor Marcus last week took stock of the global economy, financial markets and the South African economy. It was a major tour de horizon, noting global ailments and lessons, as well as, more...
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JP Morgan Maintains Outperform for People's United Financial (PBCT)
Friday, July 16, 2010 - 9:50am | 89JP Morgan small- and mid-cap banks analysts Steven Alexopoulos, Preeti Dixit, and Jared Baker reiterated an Overweight rating for People's United Financial (NASDAQ: PBCT). The analysts said, "With over $2 billion of excess capital on hand following 2Q capital actions, and management stepping up...