All Posts Tagged With: "CMA"
(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(AIXG) Company News for July 20, 2011 – Corporate Summary
• Coca-Cola Company (NYSE:KO) reported Q2 EPS of $1.20, ahead of the Zacks Consensus Estimate of $1.16 per share. Revenues for the quarter rose 47% year-over-year to $12.7 billion, beating the Zacks Consensus Estimate of $12.364 billion • Bank of America (NYSE:BAC)...
20Jul2011 | 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(MTB) M&T Bank Corporation Earns Fitch Rating Actions
Fitch Ratings has affirmed M&T Bank Corp.‘s (MTB) long- and short-term Issuer Default Ratings at ‘A-’ and ‘F1,’ respectively. The rating action follows the closure of M&T’s acquisition of Wilmington Trust Corp. on May 16, 2011. The...
5Jul2011 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Reaffirmed at Neutral
We have reiterated our Neutral recommendation on the shares of M&T Bank Corporation (MTB) on the back of a detailed analysis of its fundamentals, the completion of the of the acquisition of Wilmington Trust Corporation in May, the subsequent partial repay of the TARP dues...
26Jun2011 | vitalstocks | 0 comments | Continued(BAC) Federal Reserve Requires More Stress Tests
The Federal Reserve requires more banks to submit their capital plans annually to prove their financial ability to confront another recession. The Federal Reserve will also hold the right to ban capital deployment activities of unsuccessful banks. This is part of Federal Reserve’s...
15Jun2011 | vitalstocks | 0 comments | Continued(CMA) Comerica Quarterly Numbers Outpace Estimates
Comerica Incorporated (CMA) reported first quarter 2011 net income of 57 cents per share, beating the Zacks Consensus Estimate of 48 cents and improving from the prior-quarter figure of 53 cents. However, earnings saw a striking year-over-year improvement from a loss of 46 cents. The...
20Apr2011 | vitalstocks | 0 comments | Continued(STT) State Street First Quarter Earnings Beats Expectations on Higher Revenues
State Street Corporation’s (STT) first quarter 2011 operating earnings of 88 cents per share were ahead of the Zacks Consensus Estimate of 85 cents. The results also compare favorably with the prior quarter earnings of 87 cents and the prior-year quarter earnings of 75 cents. Operating...
20Apr2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase to Expand in California
On Monday, JPMorgan Chase & Co. (JPM) announced its plans to open 100 new banking branches in California by the end of this year. This is part of the company’s expansion plan in California that it had announced in its Investors’ Day presentation in February, where the...
7Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for Jan 19, 2011 – Market News
Investors’ optimism helped markets close higher as stocks continued to gain momentum after an upbeat manufacturing report released by the Federal Reserve Bank of New York. The report helped energy and material share prices to go up despite weak Citigroup results and sliding...
19Jan2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for January 18, 2011 – Corporate Summary
• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices,...
19Jan2011 | vitalstocks | 0 comments | Continued(CMA) Federal Reserve Devises Dividend Increase Plan
Following the doubling of dividend and share buyback announcement by Comerica Inc. (CMA), the Federal Reserve has devised guidelines that it would follow to grant banks, that undergone stress test in 2009, the permission to increase dividends and buy back shares. The Fed plans...
18Nov2010 | vitalstocks | 0 comments | Continued(CMA) Comerica 2010 Third Quarter Earnings Lags Estimates
Comerica Incorporated (CMA) reported third-quarter 2010 net income of 33 cents per share, below the Zacks Consensus Estimate of 41 cents and lower than prior quarter by 6 cents. However, results were far ahead of the prior-year quarter, as third-quarter 2009 had incurred a loss...
17Nov2010 | vitalstocks | 0 comments | Continued(CMA) Comerica Doubles Dividend – Declares Buyback
Comerica Inc. (CMA) is boosting investors’ confidence by doubling its dividend and announcing a share repurchase authorization. The dividend, which increased to 10 cents from 5 cents paid in the prior quarter, is payable on January 1, 2011, to common shareholders of record...
17Nov2010 | vitalstocks | 0 comments | Continued(AA) Stock Market News for October 26, 2010 – Market News
U.S. stocks rose to their highest level since April amid renewed hopes that the Fed would soon initiate steps to stimulate economic growth. A jump in commodity prices, aided by a falling dollar, also helped push stocks higher and the blue-chip Dow average closed at its highest...
26Oct2010 | vitalstocks | 0 comments | Continued(BAC) Bank Ratings Reduced Under New U.S. Federal Deposit Insurance Corporation Rule?
Fitch Ratings has placed the ratings of a number of major banks under review for possible downgrade following a new rule proposed by the U.S. Federal Deposit Insurance Corporation (FDIC). Recently, the board of directors of FDIC has voted to approve the rule that details the...
25Oct2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 10, 2010 – Corporate Summary
• National Semiconductor (NYSE:NSM) posted fiscal first quarter results of 36 cents a share, one cent below estimates, on revenues of $412 million, below consensus projections of $415 million. The company CEO noted, “In the near term, slower growth in our end markets...
10Sep2010 | vitalstocks | 0 comments | Continued(CMA) Comerica Analyst Reaffirms Stock’s Neutral Rating
We have reaffirmed our Neutral recommendation on the shares of Comerica Inc. (CMA) following the company’s earnings release, quarterly filing and the regulatory moves. The reaffirmation is based on the company’s fundamentals, growth opportunities, credit environment and challenges...
30Aug2010 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Gets Good News
Recently, Optimer Pharmaceuticals, Inc. (OPTR) received a boost with the European Medicines Agency accepting the Marketing Authorization Application (MAA) filed by the company for its candidate fidaxomicin. Optimer is seeking marketing approval of the drug for treating patients...
23Aug2010 | vitalstocks | 0 comments | Continued(CMA) Another Strong Earnings Season – The Dog That Didn’t Bark? – Earnings Trends
Key Points: Second quarter earnings season shaping up as a very strong one. So far 66.6% of firms reporting (333). Surprise ratio 4.63 with a 6.12% median surprise. Total net income grows 44.4%. Sales Surprise ratio at 1.83, median surprise 1.17%; 60% of all firms do better...
3Aug2010 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Warrants Sold by U.S. Treasury $$
The Treasury announced on Friday that it will earn $840 million from the sale of warrants that it obtained as part of its investment in Wells Fargo & Co. (WFC) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In October 2008, Wells...
24May2010 | vitalstocks | 0 comments | Continued(CMA) Comerica Warrants to be Sold by the U.S. Treasury
Yesterday, the U.S. Treasury announced that it will auction warrants of Comerica Inc. (CMA) this week. The Treasury will auction 11.48 million warrants of Comerica on Thursday. The minimum bid price is set at $15 per warrant. This move will completely free Comerica from government...
5May2010 | vitalstocks | 0 comments | Continued(CMA) Comerica Incorporated Posts Loss
Comerica Incorporated (CMA) reported a net loss attributable to common shareholders of $71 million or 46 cents per share. The company was expected to report a loss of 28 cents according to the Zacks Consensus Estimate. The company had incurred a loss of $62 million or 42 cents...
22Apr2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Prices Senior Notes
As part of its plan to repay the entire $3.4 billion of bailout money it received from the government for participating in the Troubled Asset Relief Program (TARP) at the height of the credit crisis, Hartford Financial Services Group Inc. (HIG) announced the pricing of its public...
19Mar2010 | vitalstocks | 0 comments | Continued(CMA) Regional Bank Comerica Repays TARP Fund
Regional bank Comerica Inc. (CMA) said on Wednesday that it has repaid the entire $2.25 billion of bailout money it received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis. In addition to the principal...
18Mar2010 | vitalstocks | 0 comments | Continued($C) U.S. Treasury Reports That New Loans Fall at TARP Banks
The U.S. Treasury said on Monday that new loans at nine major banks, which received significant government aid through the Troubled Asset Relief Program (TARP) during the height of the financial crisis and have not repaid yet, tumbled in Jan 2010. In its monthly survey of lending...
16Mar2010 | vitalstocks | 0 comments | Continued(CMA) Comerica’s Report Tops Consensus Estimates
Comerica Inc. (CMA) posted fourth-quarter results before the opening bell today. The company reported a net loss of $62 million, or 41 cents per share, compared to a net income of $3 million, or 2 cents per share in the year-ago period. However, the quarterly results came in...
21Jan2010 | vitalstocks | 0 comments | Continued(CMA) Comerica 3Q Losses Easing
Comerica Inc. (CMA) reported third quarter 2009 net loss applicable to common shareholders of $15.0 million or 10 cents per share compared to a net loss of $16.0 million or 10 cents per share in the prior quarter and a net income of $28.0 million or 19 cents per share in the...
20Oct2009 | vitalstocks | 0 comments | Continued