stt posts
FeedPosted Jan 20th 2011 12:00PM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Clorox Co (CLX), Colgate-Palmolive (CL), Goldman Sachs Group (GS), Procter and Gamble (PG), Analyst Initiations
Analyst Upgrades
- Micron (MU) to buy from neutral at UBS.
- Baker Hughes (BHI) to outperform from market perform at BMO Capital.
- PDL BioPharma (PDLI) to outperform from sector perform at RBC Capital.
- Fluor (FLR) and Rush Enterprises (RUSHA) to buy from neutral at BofA/Merrill.
- Camden Property (CPT) to outperform from neutral at Macquarie.
- Pinnacle Financial (PNFP) to buy from hold at Wunderlich.
- Linear Technology (LLTC) to neutral from reduce at Nomura.
- Hologic (HOLX) and Illumina (ILMN) to buy from hold at Citigroup.
- F5 Networks (FFIV) to buy from neutral at Gleacher.
Continue reading Analyst Calls: ALTR, BHI, CL, CLX, FFIV, GS, HCBK, LLTC, PG, STT, TYC ...
Posted Jan 19th 2011 2:30PM by Elizabeth Harrow (RSS feed)
Filed under: Major Movement, Earnings Reports, Options, Technical Analysis

Financial services firm State Street Corp. (
STT) reported this morning that its
fourth-quarter profit fell 84% to $81 million, or 16 cents per share, from its year-ago
earnings of $498 million, or $1 per share. However, ex-items earnings arrived at 87 cents per share, up from 71 cents on a year-over-year basis. Revenue for the period slipped 10% to $2.04 billion, but rose 9.6% to $2.28 billion on an operating basis.
The adjusted results surpassed analysts' expectations, which called for a profit of 86 cents per share on revenue of $2.14 billion. However, traders seem less than pleased by STT's quarterly results. The stock gapped lower with the sound of Wednesday's opening bell, falling to a loss of about 4% in early trading.
Continue reading State Street Takes a Hit After Q4 Report
Posted Jan 16th 2011 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Bank of America (BAC), Goldman Sachs Group (GS), Wells Fargo (WFC)
The earnings season ramps up this week. Analysts polled by Thomson Reuters foresee strong reports from such big names as Apple (AAPL), eBay (EBAY), IBM (IBM), General Electric (GE), Google (GOOG), Schlumberger (SLB) and Southwest Airlines (LUV). And fast on the heels of last week's big earnings beat from JPMorgan Chase (JPM), there will be plenty more results from the financial sector to peruse this week.
Among the financials expected to post double-digit earnings growth this week are Capital One Financial (COF), Morgan Stanley (MS), SLM Corp. (SLM) and U.S. Bancorp (USB), but the week's biggest earnings winner may be Wells Fargo (WFC).
Continue reading Week in Preview: Banks in the Earnings Spotlight
Posted Dec 22nd 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Bank of New York (BK), Analyst Initiations, KKR Financial (KFN), American Eagle Outfitters (AEO)
Analyst Upgrades
- SuperValu (SVU) to buy from hold at Hapoalim.
- Constellation Energy (CEG) to buy from hold at Citigroup.
- Doral Financial (DRL) to neutral from sell and ABB (ABB) to buy from neutral at Sterne Agee.
Analyst Downgrades
- American Eagle (AEO) to neutral from buy at SunTrust.
- Tenet Healthcare (THC) to market perform from outperform at Wells Fargo.
Continue reading Analyst Calls: AEO, BK, HTGC, KFN, PLD, STT, SVU, THC, VPHM ...
Posted Nov 5th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Intel (INTC), Analyst Initiations, Marvell Technology Group (MRVL), Las Vegas Sands (LVS)
Analyst Upgrades
- State Street (STT) was upgraded to buy from neutral at Goldman.
- Roth Capital upgraded Intel (INTC), Marvell Technology (MRVL) and Nvidia (NVDA) to buy from neutral.
- Bebe Stores (BEBE) was upgraded to buy from neutral at Janney Montgomery.
- W&T Offshore (WTI) was upgraded to buy from accumulate at Global Hunter.
- Citigroup upgraded International Rectifier (IRF) and Timberland (TBL) to hold from sell.
- Watson Pharma (WPI) was upgraded to buy from neutral at UBS.
- Atmel (ATML) was upgraded to strong buy from buy at Needham.
- Ashford Hospitality (AHT) was upgraded to outperform from neutral at RW Baird.
- Oppenheimer upgraded MetroPCS (PCS) to outperform from perform.
Continue reading Analyst Calls: GDP, INTC, LVS, MON, MRVL, NTRS, NVDA, STT, WYNN ...
Posted Jul 19th 2010 2:20PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports, Options, Technical Analysis

Financial services firm State Street Corporation (
STT) is slated to take its turn in the earnings spotlight tomorrow morning. Analysts surveyed by Thomson Reuters are expecting STT to report a second-quarter profit of 93 cents per share, down from $1.04 per share in the year-ago period. The company has a formidable history on the earnings front, having exceeded analysts' per-share profit expectations in each of the past four reporting periods.
However, options players are bracing for a potential post-earnings pullback. During the past 10 days, speculators on the Chicago Board Options Exchange (CBOE) and the International Securities Exchange (ISE) have bought to open 1.32 puts for every call on STT. This ratio ranks in the 81st percentile, indicating that traders are purchasing bearish bets over their bullish counterparts at a faster pace than usual.
Continue reading Puts Popular Ahead of State Street's Earnings Report
Posted Jul 15th 2010 6:00PM by Sheldon Liber (RSS feed)
Filed under: Earnings Reports, Good news, General Electric (GE), Market Matters, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC)

Tomorrow is filled with the potential to boost the market upward, or trip it up going into the weekend. Three financial giants are reporting: Bank of America Corporation (
BAC), Citigroup, Inc. (
C) and General Electric Company (
GE). This could set the stage for a continued market rally next week as earnings season has been generally positive and a trend is developing.
Expectations are high, following solid quarters reported by State Street (
STT) last week
that surprised many, and JPMorgan Chase & Company (
JPM), who followed up with a
big beat this morning.
Sentiment seems to be on the bullish side as tomorrow is also options expiration time and those betting on the banks should be pleased to book some gains.
Continue reading Fearless Friday: BAC, C, and GE Report Earnings
Posted Jan 22nd 2010 12:00PM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs Group (GS), Morgan Stanley (MS), Wells Fargo (WFC), Financial Crisis

Banks have seen a hectic couple of days' of trading, thanks to a bevy of news. I thought it may be good to take a look at some earnings results from a few of the banks, and what it could mean for the economy going forward.
First, let's look at the earnings:
- JPMorgan Chase (JPM): earnings of 74 cents per share; expectations for 60 cents per share
- Citigroup (C): a loss of six cents per share; expectations for a loss of 33 cents per share
- Goldman Sachs (GS): earnings of $8.20 per share; expectations for earnings of $5.20
Continue reading What Do Earnings from the Big Banks Signal for the Economy?
Posted Jan 17th 2010 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Forecasts, Citigroup Inc. (C), American Express (AXP), Bank of America (BAC), Bank of New York (BK), BB and T (BBT), Comerica Inc (CMA), Goldman Sachs Group (GS), Morgan Stanley (MS), Wells Fargo (WFC), SLM Corp (SLM), U.S. Bancorp (USB)
Last week, JPMorgan Chase & Co. (JPM) led off the coming parade of earnings from the big banks when it reported better-than-expected fourth-quarter and full-year earnings, though its revenue fell short of estimates.
Plenty more earnings from the financial sector are due out this week. Analysts surveyed by Thomson Reuters anticipate fourth-quarter earnings growth from American Express Co. (AXP), Bank of New York Mellon Corp. (BK), Hudson City Bancorp Inc. (HCBK), SLM Corp. (SLM) and US Bancorp (USB).
Continue reading The Week in Preview: Q4 Earnings Expectations for the Financial Sector
Posted Dec 22nd 2009 8:20AM by Melly Alazraki (RSS feed)
Filed under: Before the Bell, International Markets, Market Matters, Boeing Co (BA), Economic Data

U.S. stock futures rose Tuesday morning, indicating Wall Street is ready to extend Monday's gains when markets open. Unlike Monday, where mergers and deals were the center of attention, this morning investors will focus on economic data, including GDP and housing.
Stocks rallied on Monday, pushing the Dow back into positive territory for the month, even as it rose 0.8%, less than the Nasdaq composite and the S&P 500, both of which gained 1.1%. From Alcoa (AA) being upgraded, to deal-making, to a health care bill viewed as favorable for insurers, investors' mood was festive, albeit at lower volumes as expected for this time of year.
Continue reading Before the Bell: Futures Higher Ahead of Economic Data
Posted Dec 18th 2009 10:00AM by Laurie Pasternack (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, International Business Machines (IBM), Research in Motion (RIMM), Gap Inc (GPS), BP p.l.c. ADS (BP), Analyst Initiations, Johnson Controls (JCI), Potash Corp. of Saskatchewan (POT), AOL (AOL)
Analyst Upgrades
- Deutsche Bank upgraded Research in Motion (RIMM) to hold from sell to reflect the company's Q3 results and guidance. The firm raised its target price on shares to $75 from $60.
- Keefe Bruyette upgraded Northern Trust (NTRS) and State Street (STT) to outperform from market perform to reflect valuation and favorable longer-term secular trends. The firm keeps a $58 price target on Northern Trust and a $51 target on State Street.
- UBS upgraded Universal Health (UHS) to buy from neutral and raised its target to $38 from $31. The firm said hospital checks indicate bad debt has not increased vs. Q3 and that Universal Health should report an in-line to better-than-expected Q4.
- Take-Two Interactive (TTWO) was upgraded to hold from sell at Kaufman Bros.
- Whiting Petroleum (WLL) was raised to outperform from market perform at Wells Fargo.
- BP Plc (BP) was upgraded at Goldman to buy from neutral.
Continue reading Analyst Calls: RIMM, NTRS, STT, UHS, POT, BCR, O, JCI, GPS, WMG
Posted Jul 25th 2009 10:10AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Advanced Micro Dev (AMD), American Express (AXP), Bank of New York (BK), Intuitive Surgical Inc (ISRG)
Continue reading Earnings highlights: Apple, Microsoft, Yahoo!, Bank of New York, Capital One ...
Posted Jul 21st 2009 1:40PM by Brent Archer (RSS feed)
Filed under: Major Movement, Earnings Reports, Options, Technical Analysis
State Street (NYSE:
STT -
option chain) stock is falling today after
the company reported a second-quarter loss of $3.3 billion or $7.12 per share, hurt by charges related to the consolidation of the asset-backed commercial paper conduits onto the company's balance sheet and its TARP repayment. Excluding one-time items, STT earned 79 cents per share, missing analysts' estimates of 97 cents per share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on STT.
This morning, STT opened at $48.81. So far today the stock has hit a low of $45.98 and a high of $48.77. As of 11:45, STT is trading at $46.91, down $1.90 (3.9%). The chart for STT looks bullish and
S&P gives STT a positive 4 STARS (out of 5) buy ranking.
Continue reading State Street (STT) Q2 earnings disappoint
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