Goldman Mulls Fannie Tax Credits – Analyst Blog
Zacks Market Commentaries (November 2nd, 2009) Writes:
Zacks Market Commentaries (November 2nd, 2009) Writes:
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).
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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
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Zacks Market Commentaries (October 27th, 2009) Writes:
Zacks Market Commentaries (October 22nd, 2009) Writes:
Weak global economic conditions and a downgrade of Well Fargo by prominent banking analyst Richard Bove spooked investors even as Morgan Stanley and Yahoo reported better-than-expected earnings. The Dow Jones industrial average slipped below the 10,000 level yesterday as markets pulled back in the final hour of trading.
Bove of Rochdale Securities said earnings at Well Fargo (NYSE:WFC) were helped by mortgage-servicing fees rather than improving business trends, and trimmed his rating on the bank to “sell" from “hold." However, Well Fargo and Morgan Stanley (NYSE:MS), which reported its first quarterly profit in a year, were behind the market’s strength earlier in the session. Bove also cited accelerating loan losses at the firm for the downgrade. After Bove’s cut, FBR slashed its rating on the firm to "underperform," questioning Well Fargo's earnings quality.
The Dow Jones industrial average fell below the psychologically important 10,000 level, declining 92.12 points, or
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Prieur du Plessis (October 17th, 2009) Writes:
This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find of interest.
• Evans-Pritchard (Telegraph): German “wise men” fear credit crunch in 2010, October 15, 2009. Germany’s leading institutes have warned that the pace of economic recovery is “unsustainable” and that the country’s banks may face a fresh crisis over the next year as bad debts surface in earnest.
• Lasse Heje Pedersen (NYU Stern School of Business): When everyone runs for the exit, August 2009. The dangers of shouting “fire” in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features …
• Anthony Bolton (Financial Times): Are developed or emerging markets the future of investing? October 16,
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Zacks Market Commentaries (October 16th, 2009) Writes:
For Immediate Release
Chicago, IL – October 16, 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: Goldman Sachs Group Inc. (GS), ASML Holding N.V. (ASML), Applied Materials (AMAT), KLA Tencor (KLAC) and Lam Research (LRCX).
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 Thursday’s Analyst Blog:
Goldman Beats Zacks Estimate
Goldman Sachs Group Inc.’s (GS) third quarter 2009 (ended Sept. 25, 2009) earnings of $5.25 per share were significantly ahead of the Zacks Consensus Estimate of $4.13.
Results reflected strong performance in the trading operations, which offset the decrease in
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QualityStocks (October 12th, 2009) Writes:
Markets advanced Monday morning, with oil reaching a 6-week high above $73 a barrel, a rally in European stocks after Royal Philips Electronics announced its glowing earnings report, and a general sense of economic recovery. Going into a foreseeably light Columbus Day of trading, a weaker dollar has pushed all major energy and commodities sectors notably higher, extending last week’s gains, in anticipation of an onslaught by a spate of Q3 earnings data over the next few weeks.
Intel is poised to offer solid earnings data Tuesday afternoon and many investors are expecting a bullish Q4 outlook from the company, setting a positive tone for chip manufacturers. Fairchild Semiconductor (FCS) and Cypress Semiconductor (CY) data will be out before Thursday’s markets open with Advanced Micro Devices (AMD) posting its report after the close. Nokia, IBM and Google will also report Thursday with JPMorgan Chase & Co., Goldman Sachs Group Inc.,
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Zacks Market Commentaries (October 7th, 2009) Writes:
Contrarian Profits (October 2nd, 2009) Writes:
Kenneth D. Lewis There are many ways to view Kenneth Lewis’ eight-year reign as Bank of America Corp. (NYSE: BAC) chief executive, but two seem to hold the most landscape.
On one hand, the $130 billion he spent on acquisitions – FleetBoston Financial Corp., MBNA Corp., LaSalle Bank Corp., Countrywide Financial Corp., Charles Schwab Corp.’s (Nasdaq: SCHW) U.S. Trust private banking unit and Merrill Lynch – that more than tripled the size of Bank of America, making it the largest U.S. lender both by assets and deposits.
On the other, his open-wallet policy and the example it set forth almost perfectly encapsulates the boom, bust and nascent rebound of the U.S. housing and banking crisis – which later became the financial plague that devastated markets all over the world.
In the second half of 2007, the extent of the U.S. housing crisis began to crystallize when Countrywide’s freewheeling
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Contrarian Profits (October 1st, 2009) Writes:
Investment banks have gotten fat off the land since 1982, when the great U.S. bull market got its start. Their business has multiplied many-fold, and their earnings have soared into the stratosphere, to a level far higher than any other sector.
Now, JPMorgan Chase & Co. (NYSE: JPM) has issued a report suggesting that investment-banking returns on capital will be sharply down over the next few years. Perhaps this will be only a moderate downturn.
However, there’s also a good chance that labor-cost pressures – combined with tightening margins – will take the likes of JPMorgan and Goldman Sachs Group Inc. (NYSE: GS) down a path similar to that of General Motors Corp. (NYSE: GRM) and Chrysler Group LLP, both of which earlier this year declared bankruptcy.
Challenging HeadwindsJPMorgan anticipates that the regulatory changes that are likely to take place over the next year or so
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