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Wednesday October 28, 2009

DrStockPick.com Stock Report!

CSRH, EXC, PSFT, DB, PWRM, AVP, AQNM, RF, CVAT, LMT

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EXC, Exelon Corp.

EXC, a utility services holding company, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to residential, commercial, industrial, and wholesale customers in northern Illinois.

The Board of Directors of EXC declared a regular quarterly dividend of $0.525 per share on Exelon’s common stock. The dividend is payable on December 10, 2009, to shareholders of record of Exelon at 5:00 p.m. New York Time on November 13, 2009.

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PSFT, Powersafe Technology Corp., PSFT.PK

PSFT subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com)

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Regions Financial Corp. (RF) will have to shell out $1 million as penalty to settle Securities and Exchange Commission (SEC) charges. The SEC had filed a civil action against Regions Bank for its role in connection with a Florida-based offering scam by unregistered broker-dealers U.S. Pension Trust Corp. and U.S. College Trust Corp. (collectively, USPT). Regions Bank, and its predecessor Union Planters Bank, acted as trustees for a pair of unregistered investment brokers, the USTP. The trust arrangement was begun in 2001 by Union Planters, which merged with Regions in 2004. Regions allowed its name to be used in marketing materials, helped prepare a promotional video and met with prospective investors and some of the schemes' 2,000 unregistered sales agents. Without telling investors, the two investment plans deducted 18-85% of contributions to pay large sales commissions and enhance the plans' own profits. Approximately $255 million was ...

[Editor's Note: After more than a year of chaos and controversy, some of the leading U.S. banks saw their stock prices soar during the second quarter. As part of its mid-year forecast series, Money Morning examines the outlook for U.S. banks for the rest of this year. To see earlier stories from our mid-year forecast series, please click here.] By Martin Hutchinson Contributing Editor Money Morning

Can U.S. bank stocks continue their winning streak?

In February, I analyzed the top 12 U.S. banks to determine whether they really needed $1.5 trillion in taxpayer-provided bailout capital. I concluded that only a few of those banks seemed to be in any danger of collapse, and actually recommended several.

Policymakers and the market later came to agree with me: The Standard & Poor’s 500 Financial Index has more than doubled from its March low and several bank stocks have posted triple-digit …

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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Highlights include MGM Mirage (MGM), Cisco Systems, Inc. (CSCO), Intel Corp. (INTC), Regions Financial Corp. (RF), Ford Motor Co. (F) and Johnson & Johnson (JNJ).The U.S. shed just 539,000 jobs last month, the fewest since last October. Unemployment continued to rise, however, reaching 8.9%.The nonfarm payroll drop was well below even better than most of the more optimistic forecasts, thought the ADP survey did signal that a positive surprise could occur. More importantly, it is another sign that the pace of economic deterioration is slowing.Not all was encouraging, however. The unemployment rate is at its highest level since September 1983. Furthermore, the March job loss number was revised upwards to 699,000, from the previous estimate of 633,000.The government hired 72,000 workers. Conversely, the manufacturing sector shed 149,000 jobs and the service sector cut 269,000 jobs....

Highlights include Bank of America Corp. (BAC), Citigroup Inc. (C), Wells Fargo & Co. (WFC), SunTrust Banks, inc. (STI) and Regions Financial Corp. (RF).Over the past several days there have been many rumors and "leaked reports" on the need of additional capital by all the banks "stress tested" by the regulators -- and by Bank of America (BAC) and Citigroup (C) in particular. This morning, many newspapers have reported that the capital shortfall for Bank of America is $35 billion.The report appears to be true, given that The New York Times has quoted bank's chief administrative officer. It also appears that the bank is planning to convert the TARP preferred shares to common equity.While the amount of shortfall is not shocking, the fact that the bank had recently been denying that it needs additional capital certainly is ...

Highlights include Bank of America Corp. (BAC), Citigroup, Inc. (C), Fifth Third Bancorp (FITB), Regions Financial Corp. (RF) and Wells Fargo & Co. (WFC). The Stress Tests conducted by the regulators on Bank of America (BAC) and Citigroup (C) revealed that these banks need more capital, according to a report in the Wall Street Journal this morning. The shortfall is estimated to be "billions of dollars," for BAC, but the report did not pin down an amount for Citigroup. Both these banks have already received $45 billion from TARP funds, and of late they have been claiming that they do not need additional help from the government. It is reported that both banks dispute the regulators' assessment and are in discussions with the regulators. Final capital assessment will be announced by the government on May 4. We are not surprised

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Highlights include Citigroup, Inc. (C), Bank of America Corp. (BAC), Huntington Bancshares Inc. (HBAN), Wells Fargo & Co. (WFC), U.S. Bancorp (USB), Regions Financial Corp. (RF) and Goldman Sachs Group, Inc. (GS).Government Double-Speak on Bank Capital Levels ContinuesLate last week, the Federal Reserve release its broad-brush methodology for the long-awaited "stress tests" on the 19 largest financial institutions in the country. In a White Paper, the Federal Reserve stated that while most U.S. banking organizations currently have capital levels well in excess of the amounts required to be well capitalized, losses associated with the deepening recession and financial market turmoil have substantially reduced the capital of some banks.The conclusion: it would be prudent for large financial institutions to hold additional capital to provide a buffer against higher losses than generally expected, and still remain sufficiently capitalized over ...

Highlights include Citigroup, Inc. (C), Regions Financial Corp. (RF), SunTrust Banks, Inc. (STI), KeyCorp (KEY) and Fifth Third Bancorp (FITB). On Friday, the Federal Reserve released details about the methodology of the "stress tests" conducted by it on 19 banks with assets exceeding $100 billion. The results were shared with the respective banks and the banks have this week to dispute the Regulator's assessment of the losses and capital requirements. Final capital assessment will be disclosed on May 4, 2009. As we already stated in our recent blog, there was very little new information in the White Paper released by the Federal Reserve. Further, the Paper failed to provide some critical details on loss projections and level of capital reserves that the banks will be required to maintain. In

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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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