All Posts Tagged With: "STI"
(AAPL) Company News for January 23, 2012 – Corporate Summary
• Apple Inc. (NASDAQ:AAPL) managed to gain an upper hand over Samsung, after a German court ruled against the latter in a patent related case • Shares of Parker-Hannifin Corporation Com (NYSE:PH) slumped 4% after it lowered its 2012 earnings guidance • SunTrust...
23Jan2012 | vitalstocks | 0 comments | Continued(GOOG) January 20: Markets to Remain Calm – Economic Highlights
With the economic calendar relatively on the thin side, stocks will remain focused on another busy day of earnings reports. Google’s (GOOG) earnings miss potentially raises doubts about the tech sector’s earnings outlook, but the issue appears to be mostly company specific....
20Jan2012 | vitalstocks | 0 comments | Continued(GOOG) Sampling the Earnings Smorgasbord
With the economic calendar relatively on the thin side, stocks will remain focused on another busy day of earnings reports. Google’s (GOOG) earnings miss potentially raises doubts about the tech sector’s earnings outlook, but the issue appears to be mostly company specific....
20Jan2012 | vitalstocks | 0 comments | Continued(BBT) Standard & Poor’s Revises Regional Bank Ratings
In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American...
7Dec2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co Ends Trial Fees
JPMorgan Chase & Co. (JPM) has decided to withdraw its other bank fees related to checking accounts in addition to debit card usage fee. The news should spread cheer among customers as these charges were not part of the company’s regular fee structure. Over the last 10...
22Nov2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Calls Off Debit-Card Fee
Bank of America Corp. (BAC) has called off its plan to charge a $5 monthly fee on debit card purchases on Tuesday, but only after a hostile response from consumers and lawmakers nationwide. The company was under pressure to drop debit card fee as some of its rival companies including...
3Nov2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Banks Beats Earnings on Lower Loss Provision
SunTrust Banks Inc.’s (STI) third quarter earnings came in at 39 cents per share, 4 cents ahead of the Zacks Consensus Estimate. This represents SunTrust’s fifth straight quarter of profit after incurring significant losses since mid-2008. This was also substantially better...
26Oct2011 | vitalstocks | 0 comments | Continued(STT) State Street Beats Earnings on Lower Costs
State Street Corporation (STT) reported third quarter 2011 operating earnings of 96 cents per share, which were significantly ahead of the Zacks Consensus Estimate of 88 cents. However, the results were flat sequentially and favorable with the prior-year quarter earnings of 86...
20Oct2011 | vitalstocks | 0 comments | Continued(AAPL) A Busy Week Ahead – Earnings Preview
Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500. Thus, by the end of the week we will have a very...
17Oct2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America to Charge for Debit Card Usage
Following the footsteps of some of its peers, Bank of America Corporation (BAC) is all set to charge its debit card users, in order to recoup some of the revenue losses that the company would suffer after the debit interchange fee (proposed by the Durbin Amendment) takes effect...
3Oct2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Stops Debit Rewards
Yesterday, Wells Fargo & Company (WFC) announced its plan of scraping debit card rewards program for its existing customers, effective October. Previously, in March, Wells Fargo halted the program for its new customers. This is an attempt on Wells Fargo’s part to reduce...
6Sep2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Bank Beats Earnings Estimates
SunTrust Banks Inc.’s (STI) second quarter earnings came in at 33 cents per share, slightly ahead of the Zacks Consensus Estimate of 31 cents. This represents SunTrust’s fourth straight quarter of profit after incurring significant losses since mid 2008. Earnings were also...
26Jul2011 | vitalstocks | 0 comments | Continued(AAPL) 2011 Second Quarter Earnings Preview – Detailed
Earnings Preview 7/15/11 Second quarter earnings season is now under way, but things really start to move into high gear next week. There will be 348 firms reporting, and 108 of those are in the S&P 500. By next Friday we should have a very good handle on how the overall...
18Jul2011 | vitalstocks | 0 comments | Continued(BKH) Company News for June 13, 2011 – Corporate Summary
• The Travelers Companies, Inc. (NYSE:TRV) announced it was slowing down its share-repurchase program as natural disasters caused a $1 billion loss to the company in April and May. • Goodyear Tire & Rubber Co. (NYSE:GT) has decided to sell its Asian wire business...
13Jun2011 | vitalstocks | 0 comments | Continued(PAYX) Paychex Takes Over ePlan Services
New York-based outsourcing service provider Paychex Inc. (PAYX) recently completed the acquisition of recordkeeping and administrative solutions provider, ePlan Services. Financial details of the transaction were not divulged. Post acquisition, ePlan Services will operate as...
7May2011 | vitalstocks | 0 comments | Continued(STI) U.S. Banks Industry Outlook – May 2011 – Industry Outlook
A major recovery in the asset markets, improving balance sheets and declining credit costs promise growth for the U.S. banking sector. Yet, the outlook for the industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential...
3May2011 | vitalstocks | 0 comments | Continued(AIG) U.S. Treasury Troubled Asset Relief Program Reports $60 Billion Available
According to a top Troubled Asset Relief Program (TARP) watchdog, the Treasury still has the capacity to spend $60 billion of taxpayers’ money for TARP to support housing and other programs, MarketWatch reported today. The program was initiated two years ago to rescue the nation’s...
29Apr2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Banks Earnings Surpasses Estimates Again
SunTrust Banks Inc.’s (STI) first quarter earnings came in at 22 cents per share, way ahead of the Zacks Consensus Estimate of 13 cents. This represents SunTrust’s third straight quarter of profit after incurring significant losses since mid-2008. Earnings were also substantially...
27Apr2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for April 14, 2011 – Market News
On Wednesday, a choppy session finally came to a close with the benchmarks gaining modest points as the Federal Reserve provided assurances that the economy was improving and President Barack Obama announced plans to cut the U.S. budget deficit by $4 trillion over the next 12...
14Apr2011 | vitalstocks | 0 comments | Continued(CHSI) Catalyst Health Solutions Prices 5.5 Million Share Offering
Catalyst Health Solutions, Inc. (CHSI) has priced its public offering of 5.5 million shares of common stock at a price of $53.00 per share. According to the Securities and Exchange Commission, Catalyst Health will sell 4.5 million shares and the remaining 1 million shares will...
13Apr2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Announces Full TARP Repayment
SunTrust Banks Inc. (STI) said on Wednesday that it has repaid the entire $4.85 billion in bailout money it had received from the government for its participation in the Troubled Asset Relief Program (TARP). SunTrust financed its TARP repayment primarily through proceeds from...
10Apr2011 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Repays Troubled Asset Relief Program Funds
KeyCorp (KEY) became one of the latest three banks to repay its bailout money. The company has fully repaid its $2.5 billion in outstanding Troubled Asset Relief Program (TARP) funds on Wednesday. KeyCorp’s repayment was financed by proceeds from the recent $625 million common...
6Apr2011 | vitalstocks | 0 comments | Continued(STI) Ally Financial Files for Initial Public Offering
Ally Financial, the former finance unit of General Motors (GM), filed for an initial public offering (IPO) on Thursday. This will allow the bailed-out auto and mortgage lender to repay its dues to the Treasury. During the height of the financial crisis in 2008 and 2009, Ally...
4Apr2011 | vitalstocks | 0 comments | Continued(JPM) Banking Dividends Come Back
Some of the U.S. banks will be notified about the results of the second round of stress tests conducted by the Federal Reserve, the Wall Street Journal reported. This long expected decision is a major milestone for the banking sector, signalling that the notified banks have fully...
29Mar2011 | vitalstocks | 0 comments | Continued(WFC) Are Federal Reserve Bank Stress Test Results an Encouraging Sign?
Following the release of the Federal Reserve’s much-awaited stress test results on Friday, many big banks that were granted the green signal took immediate action to raise their dividends. The Fed allowed America’s strongest banks that have passed the second round of stress...
21Mar2011 | vitalstocks | 0 comments | Continued(JPM) Large U.S. Bank Post-Stress Test Dividend Boosts Likely
On Friday, the Wall Street Journal reported that the much-awaited results of the stress tests conducted by the Federal Reserve would be out soon. The results will demonstrate if large U.S. banks’ balance sheets are healthy enough to boost dividends. In January, all 19 banks...
17Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for January 04, 2011 – Corporate Summary
• Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the “buy” rating with a target price of $95 • KBW upgraded SunTrust (NYSE:STI) to “outperform,” increasing the target price $33 from $30 • Deutsche...
4Jan2011 | vitalstocks | 0 comments | Continued(BBT) BBT Corporation’s Ratings Lowered by Moody’s
On Monday, BB&T Corp.’s (BBT) senior debt and long-term deposit ratings were downgraded by Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), as a result of concerns related to the company’s weaker credit profile. Moody’s cut BB&T’s...
27Dec2010 | vitalstocks | 0 comments | Continued(PRAA) Portfolio Recovery Associates Expands Credit Facility
Yesterday, Portfolio Recovery Associates Inc. (PRAA) announced the expansion of its credit facility to $407.5 million from $365 million, according to the new four-year credit agreement effective December 20, 2010. The revolving credit is part of the existing credit facility of...
24Dec2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Analyst Upgrades Shares to Neutral
We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T’s third quarter 2010 adjusted earnings came in at 31 cents,...
2Dec2010 | vitalstocks | 0 comments | Continued