All Posts Tagged With: "C"
(HBHC) Hancock Holding Company Authorizes New Share Repurchase Program
In order to enhance shareholder value, Hancock Holding Company (HBHC) has announced a new capital deployment plan. Apart from declaring a regular quarterly cash dividend, the company authorized a new share repurchase program. Hancock’s...16May2013 | vitalstocks | Comments Off | Continued
(A) Making Sense of Market Forecasts
It’s been another big month for the stock market. This stock market’s positive feedback loops were on full display in Consumer and Finance stocks. Stock Prices Slightly Above Fair Value At 15.4 times this year’s conservative earning estimate, stocks look fairly...11May2013 | vitalstocks | Comments Off | Continued
(IBM) Into the Heart of First Quarter Earnings Season – Earnings Preview
There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...22Apr2013 | vitalstocks | Comments Off | Continued
(C) Citigroup Posts Encouraging Earnings
After reporting disappointing results in the prior quarter, Citigroup Inc. (C) reported an impressive first-quarter 2013. Earnings per share came in at $1.29 for the quarter, beating the Zacks Consensus Estimate by 11 cents. Moreover,...21Apr2013 | vitalstocks | Comments Off | Continued
(IBM) The Market Now Moves Into the Heart of the First Quarter Earnings Season – Earnings Preview
There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...19Apr2013 | vitalstocks | Comments Off | Continued
(JPM) Foreclosure Activity Declines in First Quarter
Indicating the marginal revival of the housing market, the foreclosure market report – released by RealtyTrac – revealed that the overall foreclosure activity in Mar 2013 continued to show a downward trend. As per this leading online marketplace of foreclosure properties, foreclosure filings plunged...18Apr2013 | vitalstocks | Comments Off | Continued
(JPM) JPMorgan Chase’s First Quarter Earnings on Track
Maintaining its track record, JPMorgan Chase & Co. (JPM) came out with a positive earnings surprise of about 16% for the first quarter. The banking giant reported record earnings per share of $1.59, surpassing the Zacks Consensus...18Apr2013 | vitalstocks | Comments Off | Continued
(C) BankUnited Initiated at Neutral
On Apr 3, 2013, we initiated our coverage on BankUnited, Inc. (BKU) with a Neutral recommendation. The recommendation is based on its organic and inorganic growth prospects, robust liquidity and meaningful capital deployment actions. However,...8Apr2013 | vitalstocks | Comments Off | Continued
(A) April Market Strategy Summary
U.S. Payrolls, Fair Value and Earnings Season ADP payroll numbers of +158,000 for March came out in early April and spooked an over-extended five month long rally. A troll (hopefully) put together very weak weekly unemployment claims numbers that followed. How about...7Apr2013 | vitalstocks | Comments Off | Continued
(XLF) Stock Market News for March 19, 2013 – Market News
Benchmarks declined for the second day in a row following news that Cyprus is on the brink of a financial crisis and needs to be bailed out. These developments rekindled fears of the Euro Zone crisis among investors. Financial stocks were the worst hit among the top ten S&P 500 industry groups...28Mar2013 | vitalstocks | Comments Off | Continued
(WFC) Federal Reserve Approves 2013 Bank Stress Tests
After the release of the Dodd-Frank Act supervisory stress test 2013 (DFAST 2013) results last week, the Federal Reserve came up with the approval of capital plans of 14 financial institutions out of 18 in the Comprehensive Capital Analysis and Review (CCAR). Two banks have received approval subject...18Mar2013 | vitalstocks | Comments Off | Continued
(JPM) JPMorgan Chase & Company to Cut 19,000 Jobs Overall
JPMorgan Chase & Co. (JPM) became the latest global bank to announce job cuts to improve profitability. The company will be eliminating overall 19,000 jobs (about 7.3% of the total workforce as of Dec 31, 2012) by the end of 2014....27Feb2013 | Shawn | Comments Off | Continued
(WMT) Earnings Enter the Final Stretch – Earnings Preview
We still have plenty of Q4 earnings reports to come, but the bulk of the earnings season is now behind us, with results from 395 S&P 500 companies already out, as of Friday, February 15. Please note that while these 395 companies account for 86.4% of the index’s total market capitalization and...19Feb2013 | Shawn | Comments Off | Continued
(WMT) Earnings Enter the Final Stretch – Earnings Preview
We still have plenty of Q4 earnings reports to come, but the bulk of the earnings season is now behind us, with results from 395 S&P 500 companies already out, as of Friday, February 15. Please note that while these 395 companies account for 86.4% of the index’s total market capitalization and...15Feb2013 | Shawn | Comments Off | Continued
(BAC) Stock Market News for February 14, 2013 – Market News
Benchmarks finished mixed following a small increase in retail sales and marginally upbeat earnings reports. The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. Industrial stocks were the major gainer among the top 10 S&P...14Feb2013 | Shawn | Comments Off | Continued
(JPM) Should Too-Big-to-Fail Banks Be Carved Up?
Richard Fisher has once again sounded a familiar clarion call: “Too big to fail” cannot be a principle the US financial system continues to abide by. Speaking at the National Press Club in Washington on Wednesday, the Federal Reserve Bank of Dallas President said the Dodd-Frank legislation...1Feb2013 | Shawn | Comments Off | Continued
(BAC) Bank of America Beats by a Penny – Revenues Down
Bank of America Corporation (BAC) reported fourth-quarter 2012 earnings of 3 cents per share, which managed to beat the Zacks Consensus Estimate by a cent. However, this compares unfavorably with the earnings of 15 cents in the prior-year...18Jan2013 | Shawn | Comments Off | Continued
(BAC) Housing Starts, Jobs Data May Boost Sentiment – Economic Highlights
Strong housing and labor market readings this morning should add to optimism about the overall economic picture and offset the weak earnings reports from Bank of America (BAC) and Citigroup (C)....17Jan2013 | Shawn | Comments Off | Continued
(MS) Morgan Stanley to Cut 1,600 Jobs
On Wednesday, Morgan Stanley (MS) became the latest Wall Street biggie to announce job cuts. Starting this week, it is planning to retrench 1,600 workers. However, the news does not come as a surprise since many other global banks have...16Jan2013 | Shawn | Comments Off | Continued
(C) Banks Continue Battling Legal Issues
Last week, DZ Bank AG, a German lender, filed a lawsuit against Citigroup Inc. (C) and The Royal Bank of Scotland Group plc (RBS), for misrepresentation of documents...2Jan2013 | Shawn | Comments Off | Continued
(RBS) The Royal Bank of Scotland Group Wins Lawsuit Dismissal
A lawsuit filed by South Korea-based Woori Bank against The Royal Bank of Scotland Group plc (RBS) was dismissed by a U.S. District judge in Manhattan. The lawsuit was related to Royal Bank’s sale of collateralized debt obligations...1Jan2013 | Shawn | Comments Off | Continued
(SNV) Treasury to Exit Banks’ TARP in 2013
On Tuesday, the Treasury Department released an update on its strategy initiated early this year of exiting its remaining Troubled Asset Relief Program (TARP) investments in banks through the Capital Purchase Program (CPP). Currently, 218 banks remai ...27Dec2012 | Shawn | Comments Off | Continued
(ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout
Yesterday, IntercontinentalExchange Inc. (ICE) announced its intention to buy the largest stock exchange based on listings – NYSE Euronext Inc. (NYX) for $8.2 billion....24Dec2012 | Shawn | Comments Off | Continued
(XLF) Stock Market News for December 24, 2012 – Market News
Boehner’s “Plan B” failed to garner ample support from Republicans, dragging the benchmarks into negative territory on Friday. However, the benchmarks finished higher for the week. Both personal spending and demand for durable goods showed an upward trend in November. The financial and energy...24Dec2012 | Shawn | Comments Off | Continued
(FITB) Fifth Third Bancorp to Buyback Shares
Fifth Third Bancorp (FITB) recently inked a deal to repurchase about $100 million of its outstanding common stock. The share repurchase agreement reached with Credit Suisse International, a division of Credit Suisse Group...23Dec2012 | Shawn | Comments Off | Continued
(AIG) AIG Sells Entire Stake in AIA
Yesterday, American International Group Inc. (AIG) announced its plan to sell the remaining 13.69% stake in its Asian wing – AIA Group Limited (AIA) – for $6.45 billion. The company’s holding in AIA has been traded to a group...20Dec2012 | Shawn | Comments Off | Continued
(JPM) JPMorgan Chase Sees No End to Legal Woes
JPMorgan Chase & Co. (JPM) continues to be in sticky waters as litigation issues arising from the sale of mortgage backed securities (MBS) by Bear Stearns & Co. – acquired in 2008 – seem to be never ending. Now, the U.S....18Dec2012 | Shawn | Comments Off | Continued
(BAC) Bank of America in New Legal Tussle
Last week, DZ Bank AG, a German lender, filed a lawsuit against Bank of America Corporation (BAC), for misrepresentation of documents while selling mortgage-backed securities (MBS). The lodged complaint indicts BofA of presenting modified...17Dec2012 | Shawn | Comments Off | Continued
(AIG) Fed to Wind Up AIG Stake for $7.6B
American International Group Inc. (AIG) is in the final leg of its government bailout loan repayment as the US Federal Reserve (Fed) announced the sale of the remaining 15.9% ownership in the company. This also indicates a sooner-than-expected...17Dec2012 | Shawn | Comments Off | Continued
(GS) Goldman Sachs Group Shares Kept Neutral By Analyst
We reiterated our Neutral recommendation on The Goldman Sachs Group Inc. (GS), based on the detailed analysis of the company’s third-quarter 2012 results. Goldman’s earnings per share for the quarter under review were significantly...10Dec2012 | Shawn | Comments Off | Continued