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Fed Makes Record Profits (FRE, FNM, AIG)
Tuesday, January 12, 2010 - 3:14pm | 251Who says the government doesn't know how to spend its money? The Federal Reserve last year generated record profits off its extraordinary efforts to rescue the country from financial ruin. The central bank announced today it generated a windfall of $52.1 billion. Of that total, $46.1 billion gets...
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Residential Loans In Arrears, (FNM, FRE)
Monday, January 11, 2010 - 1:50pm | 117More than a third of U.S. residential loans modified by Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) early last year were in arrears again after six months, though the default rate has improved, according to the regulator of the two companies. Freddie Mac is engaged in purchasing residential...
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Benzinga’s Top Downgrades (DIS, LTC, HCN, WFSL, FTE)
Monday, January 11, 2010 - 10:05am | 240The Walt Disney Company (NYSE: DIS) declined 0.88% to $31.60 in the pre-market after The Walt Disney was downgraded by Janney Mntgmy Scott to Neutral from Buy. The 52-week trading range for DIS is $15.14 - $32.75. In the last trading session, DIS closed at $31.88. In the last three months, DIS...
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Hudson City, The Wayne Gretzky Of Banking
Thursday, January 7, 2010 - 12:05pm | 155Hudson City Bancorp (NASDAQ: HCBK) was upgraded on Thursday by Janney Montgomery Scott to Buy from Neutral. The firm placed a target of $15 on Hudson City. A Janney analyst said "the prospect of Hudson City raising a significant amount of common stock when the yield curve is steep is akin to Wayne...
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Investment Strategy for Banking Stocks in 2010 (FITB, FCNCA, NYB, SNV)
Wednesday, January 6, 2010 - 1:44pm | 306There are a lot of changes expected for the banks in terms of stricter regulatory system, higher capital requirements and increased liquidity requirements. This will adversely affect the banks’ profitability. Keeping this in mind, the analysts at FBR Capital Markets, Paul J. Miller, Scott Valentin...
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Outlook On Financial Sector In 2010; Bank Of Hawaii Corp.( BOH) To Do Well
Wednesday, January 6, 2010 - 5:01am | 161Financials are likely to remain stretched in Year 2010. According to Christopher Whalen of Institutional Risk Analytics, selective financial sector stocks are expected to deliver during this year. Lower interest rates coupled with Fed’s purchase of assets will take its toll on the financial sector...
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Top 5 Mid-Cap NASDAQ Stocks In The Financial Sector With The Highest Dividend Yield (CFFN, CINF, ERIE, FNFG, HCBK)
Wednesday, December 30, 2009 - 7:31am | 198Below are the top 5 mid-cap financial sector stocks on the NASDAQ in terms of dividend yield. The dividend yield at Capitol Federal Financial (NASDAQ: CFFN) is 6.40%. CFFN’s market capitalization is $2.32 billion. CFFN’s shares have plunged 30.82% over the past 52 weeks, as compared to a 26.45%...
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Government Predictions
Tuesday, December 29, 2009 - 12:10pm | 499Today's markets are slightly higher as the volume is as light as a feather. However, today the leading names are trading lower. Apple Computer (Nasdaq: AAPL), Google (Nasdaq: GOOG), and Potash (NYSE: POT) are all negative today even as the market is positive. All of these leading stocks have had...
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Stock Market News for December 29, 2009 - Market News
Tuesday, December 29, 2009 - 9:49am | 562Better holiday sales and rising commodity prices pushed stocks to their sixth straight gain and new highs for 2009. The market is back to levels not seen since the fall of 2008, around the time of the collapse of Lehman Brothers. Major indexes edged higher in light trading on Monday after sales...
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Market Round-Up (FRE, UAUA, CAL, NWS, TWX)
Monday, December 28, 2009 - 3:05pm | 293Time to lock in mortgage rates: Government-sponsored mortgage lender Freddie Mac (NYSE: FRE) says it’s time to lock in mortgage rates. The 30-year fixed rates are likely to exceed 6% by the end of 2010 after the Fed stops buying mortgage-backed securities. In the absence of the Fed, private buyers...
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Significant Growth Catalysts Ahead For ASPS
Monday, December 28, 2009 - 2:44pm | 137Analysts at Piper Jaffray initiate coverage of Altisource Portfolio Solutions (NASDAQ: ASPS) with an "overweight" rating. The target price for ASPS is set to $27. According to Piper Jaffray, the performance of Altisource Portfolio Solutions’ stock has not been good since the company’s spin off from...
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FRE, FNM Shares Skyrocket In Pre-Market
Monday, December 28, 2009 - 2:43pm | 86The share price of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), government-run mortgage-finance companies, shot up over 20% in pre-market trading today. Late last week, the US Treasury Department had given a nod on providing as much capital as needed to FRE and FNM over the next three years...
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Big Money To Be Made In Small Caps (IRC, HOME, FFBC, VECO, AMMD)
Monday, December 28, 2009 - 12:45pm | 154Historical data indicates that small cap stocks outperform the market over long periods. However, these scrips also have a high degree of risk associated with them. Bank of America Merill Lynch, in a recent report, tried to estimate potential winners and losers. Financial stocks are most likely to...
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Company news for December 28, 2009 - Corporate Summary
Monday, December 28, 2009 - 10:06am | 233• A number of health care IPOs were filed over the weekend, including a $90 million filing from Rules-Based Medicine (NASDAQ:RULE), a $80 million IPO from Alimera Sciences (NASDAQ:ALIM). Dehaier Medical Systems (NASDAQ:DHRM) expects its IPO to be price at $7-$9. • The Royal Bank of Scotland (NYSE...
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Cap Removed on Funding Commitment to Government Sponsored Entities (FNM, FRE)
Monday, December 28, 2009 - 9:36am | 111The Treasury Department announced an amendment to the Preferred Stock Purchase Agreement (PSPA), according to which there would be no gap on the funding commitment to the Government Sponsored Entities (GSEs), like Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Keefe, Bruyette & Woods...