Zacks Analyst Blog Highlights: DryShips, Inc., Capmark Financial Group Inc., Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. – Press Releases
Source: http://www.zacks.com/stock/news/26533/Zacks+Analyst+Blog+Highlights%3A+DryShips%2C+Inc.%2C+Capmark+Financial+Group+Inc.%2C+Citigroup+Inc.%2C+JPMorgan+Chase+%26+Co.+and+Goldman+Sachs+Group+Inc.+-+Press+ReleasesPosted on Wednesday, October 28th, 2009 | In Investing Lessons, Stocks to Watch
For Immediate Release
Chicago, IL – October 28, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: DryShips, Inc. (DRYS), Capmark Financial Group Inc. (CPFNG), Citigroup Inc. (C), JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday’s AnalystBlog:
DryShips Beats, Results Hurt
DryShips, Inc.’s (DRYS) third-quarter earnings of 27 cents per share were 6 cents ahead of the Zacks Consensus Estimate. This excludes a loss of $39.3 million or 15 cents per share associated with the valuation of the company’s interest rate swaps. However, earnings were down substantially from $3.53 per share in the prior-year quarter.
GAAP net income for the quarter came in at $35.6 million or 12 cents per share, compared to $180.0 million, or $4.13 per share in the prior-year quarter.
The better-than-expected earnings were aided primarily by the performance of drilling and drybulk units at high utilization rates.
Capmark Seeks Bankruptcy Protection
Capmark Financial Group Inc. (CPFNG), one of the key commercial real-estate lenders in the U.S., along with some of its subsidiaries has filed Chapter 11 protection. The filing adds to the lingering concern that the commercial real-estate market is still struggling.
The company seeks to be allowed to continue to pay its vendors and salaries, and protect the businesses with its customers and partners.
Capmark was created in March 2006 through a leveraged buyout of the commercial real estate assets of General Motors’ finance arm GMAC. Earlier this year also, the company had indicated that it might file for bankruptcy due to deteriorating conditions in the financial and commercial real estate markets and capital inadequacy.
Capmark is currently negotiating the terms of the bankruptcy with its creditors, which include Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) among others.
Capmark reported a hefty loss of $1.62 billion in the second quarter of 2009 and has ever since been trying to raise cash through targeted sales and plans to sell its mortgage and loan servicing business. Capmark listed $20.1 billion in assets and $21 billion in liabilities as of Jun 30, 2009 in the bankruptcy filing in U.S. Bankruptcy Court in Wilmington, Delaware.
Several funds, including Kohlberg Kravis Roberts & Co, Goldman Sachs Group Inc. (GS), Goldman Sachs Capital Partners and Five Mile Capital owned about 75.0% of shares in Capmark, while GMAC LLC owned 21.3%, and Capmark employees and directors owned the remainder.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
Analyst, Capmark Financial Group Inc., cent;, Chicago, Citigroup Inc, Delaware, DryShips Inc.;, finance arm, financial and commercial real estate markets, Five Mile Capital, General Motors, GMAC LLC;, Goldman Sachs Capital Partners, Goldman Sachs Group Inc, Investing Lessons, JPMorgan Chase & Co., key commercial real-estate lenders, Kohlberg Kravis Roberts & Co, Leonard Zacks;, real estate assets, Stocks to Watch, U.S. Bankruptcy Court, United States, USD, Wilmington, Zacks Investment Research Inc.;, Zacks Market Commentaries
![]() About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |





October 28th, 2009 at 3:41 pm
[...] News Sources wrote an interesting post today onHere’s a quick excerptFor Immediate Release Chicago, IL – October 28, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: DryShips, Inc. ( DRYS ), Capmark Financial Group Inc. ( CPFNG ), Citigroup Inc. ( C ), JPMorgan Chase & Co. ( JPM ) and Goldman Sachs Group Inc. ( GS ). Get the most recent insight from Z [...]
October 28th, 2009 at 4:25 pm
[...] Random Feed wrote an interesting post today onHere’s a quick excerptFor Immediate Release Chicago, IL – October 28, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: DryShips, Inc. ( DRYS ), Capmark Financial Group Inc. ( CPFNG ), Citigroup Inc. ( C ), JPMorgan Chase & Co. ( JPM ) and Goldman Sachs Group Inc. ( GS ). Get the most recent insight from Z [...]