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Three Banks With Rising Shares, Big Dividends (NYB, UBSI, DCOM)
Tuesday, February 9, 2010 - 9:03am | 283Investors usually must choose between stock-price appreciation and big dividends. But a select group of small banks have seen their shares jump, with one posting an 18% increase this year while the S&P 500 Index has fallen 5%. Another is paying a dividend almost twice as high as the benchmark...
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Market Round-up (BRK.A, AMZN, BNI, AAPL, FRE, FNM, BA, TM, PFE)
Thursday, February 4, 2010 - 3:00pm | 311Berkshire Hathaway (NYSE: BRK.A) will sell $8 billion in debt to generate funds for the purchase of Burlington Northern Santa Fe (NYSE: BNI). The offering, expected to be priced later today, would be more than double the size of Berkshire's largest investment-grade bond. According to unidentified...
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Stocks That Crossed Their 52-Week Highs (SMLC, ACXM, NBN, NETL, CSGS)
Wednesday, February 3, 2010 - 3:04pm | 180012 Smile.Communications Ltd (NASDAQ: SMLC) shares created a new 52-week high at $25.80, before inching up another 0.98% to $25.78. SMLC has completed the sale of its telecom business assets for approximately $322 million. Acxiom Corporation (NASDAQ: ACXM) shares crossed their 52-week high at $15....
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Benzinga’s Top Upgrades (MS, BBY, VPFG, CBE, VCBI)
Wednesday, January 27, 2010 - 10:00am | 264Morgan Stanley (NYSE: MS) was upgraded today by William Blair & Company from Market Perform to Outerform. Morgan Stanley is now trading at $27.50, 0.62% up in the pre-market session. Morgan Stanley closed at $27.33 in the previous trading session. In the last year, MS has gained over 46%....
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OceanFirst Financial (OCFC) Can Overcome Credit Woes, Says Sterne Agee
Monday, January 25, 2010 - 3:38pm | 63OceanFirst Financial Corp., Inc. (NASDAQ: OCFC), despite some credit turbulence, is still a decent buy. That’s how Sterne Agee sees it anyway. Last quarter’s per-share results were 2 cents below Sterne’s estimates ($0.22 versus $0.24). The recent dividend reduction from OceanFirst Financial Corp....
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People’s United Financial Inc. (PBCT) Maintains A Neutral Rating
Monday, January 25, 2010 - 3:11pm | 235Analysts at SunTrust Robinson Humphrey have maintained a Neutral rating for People’s United Financial Inc. (NASDAQ: PBCT). People’s United reported 4Q09 EPS of $0.07 as against analysts’ estimate of $0.09 for the same period. With the exclusion of merger related costs and $4.5 million of system...
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Government Exit From Mortgage Market: A Risky Proposition
Monday, January 25, 2010 - 2:05pm | 370The U.S Government stepped in at the start of the economic crisis to drive down mortgage rates and do whatever it took to keep the economy afloat. Now, federal support for mortgage rates is set to end in two months, and it is still unclear whether the market will be able to stand on its own after...
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Benzinga’s Top Pre-Market Losers (PARD, DLTR, GENZ, SNDA, ACOR, TTHI, HCBK)
Monday, January 25, 2010 - 9:44am | 386Poniard Pharmaceuticals, Inc. (NASDAQ: PARD) decreased $0.33 or 12.64% to $2.28 in the pre-market session. Poniard Pharmaceuticals announced yesterday final data from a randomized , controlled Phase 2 trial of picoplatin in metastatic colorectal cancer patients. The 52-week trading range for PARD...
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Stocks That Created New 52-Week Lows (CCBP, GIGM, PLUG, PBIP, SBLKW)
Friday, January 22, 2010 - 4:04pm | 291Comm Bancorp Inc (NASDAQ: CCBP) shares slipped 4.93% to $21, creating a new 52-week low. CCBP operates as the holding company for Community Bank and Trust Company (Community Bank). Read more about this company here. GigaMedia Limited (NASDAQ: GIGM) shares fell 2.00% to create a new 52-week low of...
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Take a stand already!
Thursday, January 21, 2010 - 4:59pm | 545The markets have sold off all day long as word leaked out that President Obama was going to implement new rules for the large banks. The President announced an outline of the new rules that he plans to put in place to limit the so called big banks, or as we would say 'too big to fail' banks from...
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Earnings Round-up For January 20 (MS, BK, NTRS, COH, STT, SLM, PGR, MI, HCBK, MTB, EBAY, SBUX, STX)
Thursday, January 21, 2010 - 8:35am | 792It was a day when financials ruled, with companies like Bank of New York Mellon, Bank of America and Morgan Stanley reporting their earnings. The earnings reported before the bell are: Morgan Stanley (NYSE: MS): The financial services firm reported $0.14 a share of continuing operating earnings on...
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Top 5 Mid-Cap Stocks In The Financial Sector With The Highest 5-Y Earnings Estimate (GNW, ENH, DLR, HCBK, GHL)
Thursday, January 21, 2010 - 7:28am | 265Below are the top 5 mid-cap financial stocks on the NASDAQ and the NYSE in terms of 5-year earnings growth. The five-year earnings growth estimate for Genworth Financial Inc (NYSE: GNW) is 36%. GNW’s market capitalization is $6.52 billion. Deutsche Securities upgraded GNW from “hold” to “buy.” Read...
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Stocks That Created New 52-Week Lows (BFSB, ESSXU, IESC, BZMD, BTM-C)
Friday, January 15, 2010 - 3:16pm | 209Brooklyn Federal Bancorp, Inc (NASDAQ: BFSB) shares fell 0.45% to create a new 52-week low of $8.80. Brooklyn Federal Bancorp operates as the holding company for Brooklyn Federal Savings Bank, a federally chartered savings bank that provides various banking products and services in Brooklyn, Nassau...
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Hedge Fund Manager Testifies On How To Avoid Another Financial Crisis
Thursday, January 14, 2010 - 4:48pm | 217The big bank chiefs got most of the press on the first day of the Financial Crisis Inquiry Commission's inaugural hearings on Wednesday. If you want to quickly understand why we had to have a crisis in the first place - and how best to avoid a repeat - read the succinct testimony of J. Kyle Bass, a...
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Stocks That Created New 52-Week Lows (BFSB, CVLY, GORX, MLP)
Tuesday, January 12, 2010 - 3:41pm | 172Brooklyn Federal Bancorp Inc (NASDAQ: BFSB) shares lost 1.55% to $8.91, creating a new 52-week low. BFSB operates as the holding company for Brooklyn Federal Savings Bank that provides various banking products and services in Brooklyn, Nassau and Suffolk, New York. Codorus Valley Bancorp Inc (...