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Zacks Analyst Blog Highlights: DryShips, Inc., Capmark Financial Group Inc., Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. – Press Releases

Zacks Market Commentaries (October 28th, 2009) Writes:

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

...

Capmark Files for Bankruptcy – Analyst Blog

Zacks Market Commentaries (October 27th, 2009) Writes:
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 ...

Zacks Analyst Blog Highlights: AIG, Citigroup, Bank of America, TAM, and Vivo. – Press Releases

Zacks Market Commentaries (June 12th, 2009) Writes:
For Immediate Release

Chicago, IL - June 12, 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: AIG (AIG), Citigroup (C), Bank of America (BAC), TAM (TAM) and Vivo (VIV).

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 Thursday's Analyst Blog:

Treasury Releases New TARP Rules

Specifically, the rules limit compensation for senior executives and other highly paid employees at companies receiving TARP funds, including limits on bonus payments (to one-third of total compensation) and curtailment of Golden Parachutes. Further, the bonuses paid to senior executive officers and the next

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By “Shopping” for Regulators, Private Equity Firms Have Discovered How to Buy Banks – Leaving Taxpayers With All the Risk

Shah Gilani -Money Morning (June 11th, 2009) Writes:

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To read a related story on how the long-term dismantling of U.S. banking regulations set the stage for the …

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Treasury Releases New TARP Rules – Analyst Blog

Zacks Market Commentaries (June 11th, 2009) Writes:
Treasury Releases Compensation Rules for TARP FirmsLast evening, the Treasury released new rules for compensation of top executives at the firms that received TARP bailout funds. The rules can be seen here.Specifically, the rules limit compensation for senior executives and other highly paid employees at companies receiving TARP funds, including limits on bonus payments (to one-third of total compensation) and curtailment of Golden Parachutes. Further, the bonuses paid to senior executive officers and the next 20 most highly compensated employees will be subject to a "clawback" provision if the payment was based on materially inaccurate performance criteria.Under the rules, the Treasury appointed Kenneth R. Feinberg as the Special Master for TARP Executive Compensation. Mr. Feinberg will review payments and compensation plans for the executives and the 100 most highly compensated employees of seven TARP recipients that have received exceptional assistance, AIG ...

GMAC Likely to Get More Bailout Funds – Zacks Tale of the Tape

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

The U.S. Treasury is expected to extend more than $7 billion in fresh aid to GMAC LLC in a move that could turn the government into a majority stakeholder in both the auto lender and its parent General Motors Corp (GM).

Last week, federal stress tests indicated that GMAC needs to raise $11.5 billion to plug capital holes in order to endure a deepening recession. GMAC has already received more than $5 billion in government bailout last December.

After several weeks of holding talks to secure additional capital, the government's new aid will allow the firm to revive its battered balance sheet from rising home foreclosures and defaults in its auto finance unit. A large part of these funds will be used to provide financing to customers for buying Chrysler and GM vehicles.

After rescuing several large banks from definite failure, the government is now trying to

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Stress Test: What The Results Mean – Analyst Blog

Zacks Market Commentaries (May 7th, 2009) Writes:

After market close, the Federal Reserve released its Supervisory Capital Assessment Program: Overview of Result (aka the overdue and over leaked results of the "Stress Test"). Clearly there is something for everyone in the results. Of the 19 financial institutions test, 10 were found to be in potential need of additional capital under the more adverse scenario. While we continue to disagree with the modification of the mark-to-market accounting rules as a measure to financial engineer reality, the effects did improve the potential scenarios on paper.    Of the $74.6 billion that will be needed to be raised, $64.6 billion or 86.6% was attributed to four institutions: Bank of America (BAC), Wells Fargo (WFC), GMAC LLC (GMAC), and Citigroup (C). It's interesting that the worst was leaked, perhaps to moderate the market's reaction.  We continue to fret

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Stress Tests and GM Bankruptcy Hang Over GMAC As it Reports $675 Million Loss

Don Miller (May 6th, 2009) Writes:

Auto and mortgage lender GMAC LLC (NYSE: GKM) reported a first-quarter loss of $675 million and now faces further pressure from bank “stress tests” and freefalling sales volumes that may push its former parent General Motors Corp. (NYSE: GM) into bankruptcy.

GMAC is one of the 19 lenders waiting for results of the government’s “stress test,” designed to determine which firms need additional capital to weather a deep recession. Results are due Thursday, and some analysts believe GMAC will be one of the banks ordered to find more capital within six months.

Despite receiving a $6 billion government bailout in December, GMAC reported net losses increased to $675 million from $589 million a year earlier, as the Detroit-based company set aside 78% more for loan losses than a year earlier. “The effects of a soft economy and weaker credit performance on legacy assets continued to put

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Obama Stimulus and January Effect, this Week’s Top Stories

Contrarian Profits (January 5th, 2009) Writes:

President-elect Barack Obama’s transition team is reportedly putting the finishing touches on an economic recovery plan that could run from $675 billion to $1 trillion, though many experts believe the program will most like range between $700 billion and $800 billion.

Briefings for top congressional Democrats were to start either over the weekend or today (Monday), a senior transition-team official told The Associated Press late last week. President-elect Obama is slated to meet today with House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., in a Democratic strategy session that is likely to focus on the economic recovery package.

It’s time to look forward, not back. The 111th Congress meets tomorrow (Tuesday), and a comprehensive economic stimulus package is at the top of its agenda.  Hopefully, the lawmakers can put partisan bickering aside (fat chance) and have a bill in place for President-elect Barack

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GMAC Loosens Credit Reins After $6 Billion Treasury Loan

Contrarian Profits (December 31st, 2008) Writes:

The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM), in the latest government effort to keep the biggest U.S. automaker out of bankruptcy.

GMAC immediately announced looser credit lending standards that could make approximately 60 million Americans eligible for its car loans and leases. The company also said it would expand further into the retail banking industry with plans to access even more funds from the Treasury’s Troubled Asset Relief Program (TARP).

GMAC will “continue to pursue” other ways to boost liquidity, including applying for a Federal Deposit Insurance Corp. guaranty program and attracting retail deposits from consumers, Toni Simonetti a spokeswoman for GMAC told Bloomberg News.

“This is part of our strategy to position GMAC for long-term stability,” said Simonetti. “The reason we’re doing this is so

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