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Zacks Analyst Blog Highlights: Texas Instruments, State Street Corporation, Zions Bancorporation, Comerica Inc. and Regions Financial – Press Releases

Zacks Market Commentaries (October 21st, 2009) Writes:

For Immediate Release

Chicago, IL – October 21, 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: Texas Instruments (TXN), State Street Corporation (STT), Zions Bancorporation (ZION), Comerica Inc. (CMA) and Regions Financial (RF).

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:

TI Beats; Guidance Conservative

Texas Instruments (TXN) reported third quarter results that beat the Zacks Consensus Estimate by 3 cents. Revenue beat the consensus by 2.1%.

Revenue of $2.88 billion was up 17.2% sequentially, the second straight quarter of 17%+ growth. However, revenue declined 15.0% on a

...

Bumpy Q2 for Regional Banks – Analyst Blog

Zacks Market Commentaries (July 22nd, 2009) Writes:
Results for regional banks may be dreadful in the second quarter 2009, as evidenced by the companies who have already reported their results.

Regions Financial Corp. (RF), Comerica Inc. (CMA) and ZION Bancorporation (ZION) reported losses in the quarter primarily due to continued strain in their loan portfolios, as the commercial sector continues to droop in the prolonged recession.

Along with continued losses in their residential mortgage, home equity and consumer loan portfolios, these banks are also showing continued distress in their residential and commercial development loans, as well as commercial real estate loans.

Large-cap center banks and brokerage firms like Goldman Sachs (GS), Bank of America (BAC) and JPMorgan Chase (JPM) were able to somewhat offset weak credit metrics by strong results in their investment banking and mortgage refinancing divisions.

Regional banks, however, are much more directly connected to the state of the economy and the

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Comerica Down on High Volume – Zacks Tale of the Tape

Zacks Market Commentaries (May 8th, 2009) Writes:
Comerica Inc. (CMA) shares are currently down by less than 1% today amid high volume of 7.8 million, versus the daily average of 5.1 million.

The company incurred a loss of 16 cents per share in its first-quarter, missing estimates by 100%. During the quarter, net interest income decreased 19.3% year over year to $384 million, while net interest margin slipped to 2.53% from 3.22%.

Eighteen out of 23 analysts pulled back on expectations over the past month, widening the 2009 consensus to a loss of $1.11 from a loss of 31 cents.

Next year's estimate has dropped to 15 cents per share from 66 cents in the same period, as 14 out of 18 analysts guided lower.

The company is a Zacks #4 Rank ("Sell").

"CMA" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Zacks Analyst Blog Highlights: UTX Corp., Comerica Inc., Brinker International, Regions Financial Corp. and Forest Laboratories, Inc. – Press Releases

Zacks Market Commentaries (April 23rd, 2009) Writes:
For Immediate Release

Chicago, IL - April 23, 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: UTX Corp. (UTX), Comerica Inc. (CMA), Brinker International (EAT), Regions Financial Corp. (RF) and Forest Laboratories, Inc. (FRX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday's Analyst Blog:

UTX Revenues Down 12+%

UTX Corp. (UTX) released Q1-09 results today. Revenues of $12.2 billion were down 12.2% from $14.0 billion last year (which, in turn, was adjusted upward by $257 million at Pratt & Whitney) for collaborative arrangements per EITF Issue

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Comerica Hurt by Loan Losses – Analyst Blog

Zacks Market Commentaries (April 21st, 2009) Writes:
Comerica Results Hurt by Increasing Loan LossesComerica Inc. (CMA) reported its 1Q09 results this morning. The operating loss of $0.16 per diluted share was substantially worse than estimates, as the results were hurt by a sharp rise in provisions as well as a contraction in the net interest margin.Credit metrics deteriorated further during the quarter. Impressive growth in deposits, expense control and an enhanced capital position were the positives for the quarter.Net loss applicable to common stock came in at $24 million or $0.16 per diluted share for the quarter, compared to net income applicable to common stock of $3 million or $0.02 per diluted share in the prior quarter.Fully taxable equivalent net interest income decreased 11.1% sequentially to $386 million, while the NIM [net interest margin] decreased 29 bps sequentially to 2.53%. Core non-interest income (excluding net securities gains) ...

Housing Starts Rebound – Analyst Blog

Dirk Van Dijk (March 17th, 2009) Writes:
Highlights include D.R. Horton, Inc. (DHI), The Ryland Group, Inc. (RYL), Bank of America Corp. (BAC), Fifth Third Bancorp (FITB) and Comerica Inc. (CMA).At last month's sales pace, it would take 13.3 months to sell all the new homes currently in inventory. This is by far an all-time record. So what happens? New housing starts jumped in February 22.2% to a seasonally adjusted annual rate (SAAR) of 583,000 from the 477,000 pace of January.While this is still down significantly (-47.3%) from the year-ago pace of 1,107,000 it is nothing short of economic insanity. The last thing the housing market needs right now is new supply. These numbers will help the look of the first quarter GDP, since the residential investment component will be much larger than anyone expected. However, this is, quite frankly, an unmitigated disaster in terms of the ...

Smith Barney Bonuses Justified – Analyst Blog

Zacks Market Commentaries (March 9th, 2009) Writes:
Highlights include Citigroup, Inc. (C), Bank of America Corp. (BAC), Comerica Inc. (CMA), Regions Financial Corp. (RF) and Morgan Stanley (MS).Citigroup's Frugal but Important Reward to Its Smith Barney BrokersIn light of the company's current share price, receipt of substantial capital infusions from the government, and 5 consecutive quarters of losses, Citigroup, Inc. (C) has come up with a more reasonable approach to reward the top revenue-generating advisers of its Smith Barney brokerage division, in lieu of the 3 trips usually planned.Moreover, the rewards will be funded from operating revenue of Smith Barney, not from the capital the government has invested. In addition, the rewards will represent nearly an 80% cost saving over some previous recognition programs.Rising loan losses and defaults as well as write-downs on the value of certain investments, especially those tied to ...

TALF Improving Credit Access – Analyst Blog

Zacks Market Commentaries (March 3rd, 2009) Writes:
Highlights include Citigroup, Inc. (C), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), U.S. Bancorp (USB) and Comerica Inc. (CMA).Consumer Access to Credit Becomes a Bit EasierFirst announced late last year and originally scheduled to start in last month (February), the much-anticipated Term Asset-Backed Securities Loan Facility (TALF) was unveiled today.The credit crunch (arguably the worst since the 1930s) has made it nearly impossible for small businesses and households to obtain such financing at reasonable rates (those who are able to get credit are required to pay close to usury rates for such facilities.).Prior to the financial crisis, banks relied heavily on packaging loans into securities and selling them to fund additional lending, which represented approximately 25% of all auto, student and other consumer loans in recent years. Unfortunately, the credit market mechanism ground ...

Avoid Banks – Analyst Blog

Zacks Market Commentaries (January 16th, 2009) Writes:

Highlighted stocks include Bank of America Corporation (BAC), Citigroup Inc. (C), Comerica Inc. (CMA), Zions Bancorporation (ZION) and Wilmington Trust Corporation (WL).Yesterday the Senate voted to release the second half ($350 billion) of the TARP funds. While the incoming administration has not so far provided the details of how they will use this money, they have stated the intention to use $50 billion to $100 billion in foreclosure-prevention efforts. It is expected that they will continue to inject capital in the troubled financial institutions and possibly also buy some toxic assets from these institutions. Further, as there was a lot of criticism of the way the first half of the funds was used, it is now proposed to impose tougher restrictions on banks that receive government aid, which will include lending requirements, restrictions on executive compensation, dividend payments

...

Earnings Preview for Jan 19-23 – Earnings Preview

Charles Rotblut (January 15th, 2009) Writes:

NetScout Systems, Inc. (

...
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