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First Niagara Financial Group Reports In-Line Q1 (FNFG)
Monday, April 26, 2010 - 8:55am | 106First Niagara Financial Group (NASDAQ: FNFG) reported first quarter results this morning that were in-line with analyst estimates. First quarter earnings came in at 18 cents per share compared to 19 cents per share in the year-ago quarter. Management said, "First quarter performance was led by top-...
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Three Quality Stocks On Sale (KMB, ABT, HCBK)
Friday, April 23, 2010 - 11:53am | 276Three companies have come up on my radar that offer high dividend yields and have excellent fundamentals, but have been thrown on the bargain rack as of late. The first company is Kimberly-Clark Corporation (NYSE: KMB), the maker of Kleenex and Huggies diapers. On Thursday the company reported...
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Hudson City Shares Slide (HCBK)
Thursday, April 22, 2010 - 11:40am | 113Shares of Hudson City Bancorp (NASDAQ: HCBK) are sliding today on heavy volume despite a better-than-expected earnings report last night from the bank. Hudson City earned $148.9 million, or 30 cents a share in its first quarter. This compares to $127.7 million, or 26 cents a share in the same...
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Redwood Trust To Issue Mortgage-Backed Securities (FNM, C, JPM)
Wednesday, April 21, 2010 - 12:55pm | 151Redwood Trust Inc. is planning to issue $222 million worth of new mortgage backed bonds. These new bonds are private-label securities and are not guaranteed by Fannie Mae (NYSE: FNM) or any other government related entity. According to The Wall Street Journal, this deal will be the first sale in...
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Northern Trust Q4 Misses - Analyst Blog
Wednesday, April 21, 2010 - 10:30am | 562Northern Trust Corp.’s (NTRS) fourth quarter earnings of 64 cents per share were below the Zacks Consensus Estimate of 72 cents. Last year, the company reported a gain of 61 cents per share. Earnings benefited mainly from a decrease in loan loss provisions. Net interest income totaled $240.1...
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PACCAR Profits More than Double - Analyst Blog
Wednesday, April 21, 2010 - 10:15am | 413PACCAR Inc. (PCAR) has reported a profit of $68.3 million or 19 cents per share in the first quarter of 2010, which is more than double compared to $26.3 million or 7 cents per share in the prior-year quarter. With this, the truck maker also surpassed the Zacks Consensus Estimate of 15 cents per...
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Afternoon Market Update Google (NASDAQ: GOOG), MGIC (NYSE: MTG), Boeing Co (NYSE: BA)
Tuesday, April 20, 2010 - 3:52pm | 247Top mortgage insurer MGIC (NYSE: MTG) has plunged by about 12% after posting losses for the 11th consecutive quarter. MTG has also warned the market that it will remain unprofitable until next year. The company is also offering $700 million in stock and $300 million in convertible senior notes....
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Top 5 NASDAQ Stocks In The Financial Sector With The Lowest PEG (TWGP, KCAP, AFSI, HCBK, GFIG)
Tuesday, April 20, 2010 - 6:49am | 183Below are the top 5 financial stocks on the NASDAQ in terms of PEG. Tower Group Inc (NASDAQ: TWGP) has a PEG ratio of 0.35. TWGP’s shares have fallen by 5.42% over the past 52 weeks, as compared to a 43.87% increase in the S&P 500. Kohlberg Capital Corporation (NASDAQ: KCAP) has a PEG ratio of...
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Northland Securities Raises Price Target For MGIC Investment Corp. (MTG)
Monday, April 19, 2010 - 2:54pm | 78Analyst Mike Grondahl at Northland Securities has raised the price target for MGIC Investment Corp. (NYSE: MTG) from $10 to $14.60. Northland Securities expects the company to report revenue of $432 million, and a loss of $0.63 per share in the March quarter. According to Northland Securities,...
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Top Stocks of Connecticut
Saturday, April 17, 2010 - 2:24am | 816The state of Connecticut is home to the BioScience cluster, the Aerospace, Software and information technology, Metal Manufacturing, Maritime, Plastics, Agricultural, and Insurance and financial services clusters. These clusters symbolize the state’s diversified economy, and are evident in the...
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Earnings Surprise Stocks (and Low Priced, Pay Dividends)
Friday, April 16, 2010 - 12:28pm | 292So what is an earnings surprise stock, you might ask? It is a company that has exceeded its (or missed its) earnings estimate by a certain percentage. WallStreetNewsNetwork.com has turned up a list of stocks that exceeded their estimates by more than 20%. In addition, all these stocks pay dividends...
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PFS Downgraded By Janney Montgomery
Friday, April 16, 2010 - 9:16am | 50Analysts at Janney Montgomery downgrade Provident Financial (NYSE: PFS) from “buy” to “neutral.” The price target for has been raised from $12 to $13. Shares of PFS declined 0.70% to $12.83 in pre-market trading. More Analyst Ratings here.
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People’s United Financial (PBCT) Reports 44% Decline In First-Quarter Profit
Thursday, April 15, 2010 - 5:40pm | 105People’s United Financial, Inc. (NASDAQ: PBCT) has reported its first-quarter results. The company reported a 44% decline in first-quarter profit. People’s United reported a profit of $13.6 million, or $0.04 per share in its first-quarter, down from a profit of $24.2 million, or $0.07 per share it...
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Top 5 Small-Cap NYSE Stocks With Highest Revenue Estimates (RAD, FNM, TSO, INT, MSB)
Thursday, April 15, 2010 - 7:00am | 190Below are the top 5 small-cap stocks in the NYSE in terms of revenue estimates. Rite Aid Corp (NYSE: RAD) is expected to generate $25.47 billion in revenues this year. RAD had total cash of $103.59 million in the latest quarter. Federal National Mortgage Association (NYSE: FNM) is expected to...
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KBW Bank Index Announces Changes
Thursday, April 15, 2010 - 1:48am | 71The KBW Bank Index said it will adjust to reflect the number of shares in the index representing First Niagra Financial (Nasdaq: FNFG) to reflect an all-stock acquisition that company is making. The ETF that tracks the index is the SPDR KBW Bank ETF (NYSE: KBE). First Niagra is not among that ETF's...