Financial
(NHP) Nationwide Health Properties Acquires Two Properties
Nationwide Health Properties, Inc. (NHP), a real estate investment trust (REIT) that invests in healthcare facilities, recently acquired 2 medical office buildings (MOB) from Pacific Medical Buildings LLC. Pacific Medical specializes exclusively in the development and management...
8Feb2010 | vitalstocks | 0 comments | Continued(FII) Federated Investors Incorporated Initiated as Neutral
We are initiating coverage on Federated Investors Inc. (FII) with a Neutral recommendation. The company’s fourth-quarter earnings of 51 cents per share missed the Zacks Consensus Estimate by a couple of pennies on money fee waivers and higher operating expenses. Results reflected...
8Feb2010 | vitalstocks | 0 comments | Continued(EWJ) Investing in Japan: Two Ways to Play Its Stock Market Revival
by Alexander Green, Chief Investment Strategist Monday, February 8, 2010: Issue #1192 Here’s a handy way to know when to sell your investments: everyone is talking about them. There is an obvious corollary to knowing what to sell. If you want to know what to buy, consider...
8Feb2010 | InvestmentU | 0 comments | Continued(L) Loews Corporation Reports Shy of Expectations
Loews Corporation’s (L) fourth quarter income from continuing operations came in at 94 cents per share, 2 cents below the Zacks Consensus Estimate of 96 cents. However, the results were significantly better compared to the year-ago quarter’s results when the company had reported...
8Feb2010 | vitalstocks | 0 comments | Continued(CVX) U.S. Oil Consumption Still Weak – Analyst Blog
The U.S. Energy Department’s weekly inventory release showed a surprise climb in crude stockpiles, while distillate supplies posted a smaller-than-expected draw. The agency’s bearish report further added that refiners continued to cut production, and are currently operating...
8Feb2010 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Rating is Cut on Debt Issue
Last week, Berkshire Hathaway Inc. (BRKA), (BRKB) announced the issue of $8 billion notes in connection with the previously announced acquisition of Burlington Northern Santa Fe Corporation, or BNSF (BNI). Following this announcement, rating agency Standard & Poor’s (S&P)...
8Feb2010 | vitalstocks | 0 comments | Continued(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
8Feb2010 | vitalstocks | 0 comments | Continued(WABC) Westamerica Bancorp Misses Earnings Estimates
Westamerica Bancorp.’s (WABC) reported fourth quarter earnings per share of 79 cents and missed the Zacks Consensus Estimate of 82 cents. Earnings were higher from 71 cents reported in the year-ago quarter but a couple of pennies below 81 cents reported in the prior quarter....
8Feb2010 | vitalstocks | 0 comments | Continued(AIG) Earning Season Still Going Strong – Earnings Trends
Key Points: • With 308, or 61.6% of reports in, earnings season is going very strong. Median surprise 6.09%. Positive surprises beat disappointments by 2.25 ratio • Earnings of reported firms up 54.25% year over year, remaining firms expected to show 17,739.5% increase,...
8Feb2010 | vitalstocks | 0 comments | Continued($JPM) U.S. Bank Failures Hit 16 As Another One Goes Down
U.S. regulators on Friday shuttered 1st American State Bank of Minnesota , in Hancock, pushing up U.S. bank failures to 16 so far in 2010. This compares to total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007. While we expect economic recovery to gain momentum...
8Feb2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Settles Subprime Lawsuit
State Street Corporation (STT) agreed on Thursday to pay investors over $300 million to settle allegations by federal and state regulators over misleading investors about its investments in subprime mortgages at the beginning of the credit crisis. Under the terms of the settlement,...
5Feb2010 | vitalstocks | 0 comments | Continued(WSH) Willis Group Holdings Limited Reports Earnings Almost In Line
Willis Group Holdings Limited (WSH) reported fourth quarter earnings of 47 cents per share. Results were just a cent short of the Zacks Consensus Estimate of 48 cents. Most of the items were in line with our expectations. However, results were up compared with the prior-year...
5Feb2010 | vitalstocks | 0 comments | Continued(CME) CME Group Misses Earnings Expectations
CME Group Inc. (CME) reported fourth quarter earnings of $3.37 per share, missing the Zacks Consensus Estimate of $3.44. However, including an impairment charge on investment in DME of $24 million and net favorable impacts to net income of $2 million related to the ERP settlement,...
5Feb2010 | vitalstocks | 0 comments | Continued(AIZ) Assurant Earnings Report Falls Below Consensus Estimates
Assurant Inc. (AIZ) fourth quarter earnings of 86 cents per share lagged behind the Zacks Consensus Estimate of $1.01. Results also compared unfavorably with earnings of $1.30 in the year-ago quarter. Earnings were strained by restructuring charges of $12.3 million and a net...
5Feb2010 | vitalstocks | 0 comments | Continued(BK) BNY Mellon Corporation Coverage Initiated at Neutral
Recently, we initiated coverage on BNY Mellon Corp. (BK) with a Neutral recommendation. BNY Mellon’s fourth-quarter earnings of 59 cents per share came in above the Zacks Consensus Estimate of 52 cents. The better-than-expected results were aided mainly by a lower provision...
5Feb2010 | vitalstocks | 0 comments | Continued(AIV) Apartment Investment and Management Company Reports Modest Results
Apartment Investment and Management Company, or Aimco (AIV), as the real estate investment trust (REIT) is popularly known, reported fiscal 2009 fourth quarter funds from operations (FFO) of $30.2 million or $0.26 per share compared to FFO loss of $28.9 million or $0.32 per share...
5Feb2010 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Beats Estimates
Ameriprise Financial Inc.’s (AMP) fourth quarter core operating earnings per share of 91 cents were substantially ahead of the Zacks Consensus Estimate of 75 cents and 80 cents in the prior-year quarter. Core operating results exclude realized net investment gains/losses, non-recurring...
5Feb2010 | vitalstocks | 0 comments | Continued(CINF) Cincinnati Financial Reports One Cent Ahead of Expectations
Cincinnati Financial’s (CINF) fourth quarter net income of 53 cents per share was a penny ahead of the Zacks Consensus Estimate of 52 cents. Results lagged the prior year’s earning of 57 cents. Earnings for the reported quarter dragged due to lower premiums from property-casualty...
5Feb2010 | vitalstocks | 0 comments | Continued(SPG) Simon Property Group Quarterly Funds From Operations Dips
Simon Property Group Inc. (SPG), a leading real estate investment trust (REIT), reported fourth quarter 2009 FFO (funds from operations) of $485.2 million or $1.40 per share, compared to $540.5 million or $1.86 per share in the year-earlier quarter. Funds from operations, a widely...
5Feb2010 | vitalstocks | 0 comments | Continued(BRKB) The Rise of the Rest of The World
When historians look back at the early 21st Century 100 years from now, the biggest event will probably not be the Financial Crisis of late 2008. The biggest story will probably be the rise of the rest of the world. This change in the shape of the world economy will bring enormous...
5Feb2010 | vitalstocks | 0 comments | Continued(MET) MetLife’s Earnings Report Beats by a Penny
MetLife Inc.’s (MET) fourth quarter adjusted operating earnings (excluding after-tax net investment gains and losses) came in at $793 million or 96 cents, compared to $132 million or 17 cents in the year-ago quarter. Results were only a penny ahead of the Zacks Consensus Estimate...
4Feb2010 | vitalstocks | 0 comments | Continued(ACE) ACE Limited Tops Consensus Estimates
ACE Limited’s (ACE) fourth quarter earnings of $2.01 per share were well ahead of the Zacks Consensus Estimate of $1.93. The company posted earnings of $1.86 a share a year earlier. Results were primarily driven by an increase in premiums earned. Including net realized gains...
4Feb2010 | vitalstocks | 0 comments | Continued(AVB) AvalonBay Communities’ Quarterly Funds From Operations Rises
AvalonBay Communities Inc. (AVB), a leading real estate investment trust (REIT), reported fiscal 2009 fourth quarter funds from operations (FFO) of $52.7 million or 64 cents per share, compared to $23.0 million or 30 cents in the year-earlier quarter. Fund from operations, a...
4Feb2010 | vitalstocks | 0 comments | Continued(EQR) Equity Residential REIT Sees Growth
Equity Residential (EQR), a leading real estate investment trust (REIT), reported fiscal 2009 fourth quarter funds from operations (FFO) of $126.9 million or 43 cents per share, compared to $79.1 million or 27 cents per share in the year-earlier quarter. Fund from operations,...
4Feb2010 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group Beats Consensus Estimates
CB Richard Ellis Group Inc. (CBG) reported fourth quarter earnings of 21 cents per share after the closing bell on Wednesday. Excluding one-time charges, the company earned 28 cents per share, which surpassed the Zacks Consensus Estimate of 18 cents. The company had earned 37...
4Feb2010 | vitalstocks | 0 comments | Continued(DB) Deutsche Bank AG Turns Profit
Deutsche Bank AG (DB) reported a fourth quarter net income of €1.3 billion ($1.9 billion) or €2.00 a share, compared to a net loss of €4.8 billion or €8.71 per share a year earlier. Results were primarily driven by a tax benefit. Additionally, the company experienced...
4Feb2010 | vitalstocks | 0 comments | Continued(EFX) Equifax Exceeds Expectation
Equifax’s (EFX) fourth quarter 2009 EPS of 61 cents exceeded the Zacks Consensus Estimate by 5 cents. Revenue Revenue for the quarter was $464.3 million, up 4.0% from $446.6 million reported in the year-ago quarter. Approximately 3.0% of the increase was due to the unfavorable...
4Feb2010 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty’s Revenue Rises
Kimco Realty Corp. (KIM) reported a 7.5% increase in fourth quarter revenues from rental properties. Revenues for the reported quarter increased to $211.8 million from $196.99 million in the year-ago quarter. For full year 2009, revenues from rental properties climbed to $786.89...
4Feb2010 | vitalstocks | 0 comments | Continued(AFL) Aflac Incorporated Surpasses Expectations – Raises Outlook
Aflac Incorporated’s (AFL) fourth quarter earnings of $1.18 cents per share were ahead of the Zacks Consensus Estimate of $1.16. This compared favorably with earnings of 98 cents in the year-ago quarter. Earnings in the reported quarter excluded after-tax realized investment...
4Feb2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s Incorporated Beats in Fourth Quarter
Moody’s Inc.’s (MCO) fourth-quarter earnings beat the Zacks Consensus Estimate of 40 cents per share. Excluding restructuring charges, quarterly earnings stood at 42 cents, up 13.5% from 37 cents in the year-ago period. The results reflected improvement in the credit market...
4Feb2010 | vitalstocks | 0 comments | Continued