stt posts
FeedPosted 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
Posted Jun 29th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Sirius Satellite Radio (SIRI), Berkshire Hathaway (BRK.A), Blockbuster Inc 'A' (BBI), SLM Corp (SLM)

Despite us being on the heels of the big Russell indexes changing and despite the quarter-end being a day away, this was a boring day. A study showed a small
decrease in online job advertisements, but that was the only item on the economic front. Oil traded higher and bond yields came down as traders are voting for more stability the rest of the year there.
Here are today's unofficial closing bell levels:
Dow 8,531.19 +92.80 (1.10%)
S&P 500 927.18 +8.28 (0.90%)
Nasdaq 1,843.34 +5.12 (0.28%)
Top Analyst CallsContinue reading Closing Bell: A quiet day that didn't look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT)
Posted Jun 29th 2009 11:00AM by Elizabeth Harrow (RSS feed)
Filed under: SEC filings, Bad news, Options
State Street Corp. (NYSE: STT) said today that its State Street Bank & Trust Co. unit received a Wells Notice from the Securities and Exchange Commission (SEC). The notice, which indicates that civil charges may be brought against the company, relates to disclosures and management of certain fixed-income strategies during 2007 and previous periods.
Some investors have accused State Street of misleading them about the risks involved in mortgage-related investments. A legal reserve fund worth $625 million was established in 2007 to cover investor claims, and $418 million has already been paid out. The firm says it is currently cooperating with the SEC, as well as state and other regulators.
Continue reading State Street unit slapped with Wells Notice
Posted Jun 9th 2009 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, U.S. Steel (X), Nucor Corp (NUE), Analyst initiations, Marvell Technology Group (MRVL)
Analyst upgrades:
- Keefe Bruyette upgraded American Capital (NASDAQ: AGNC) to Outperform from Market Perform on expectations the company's book value and earnings are trending higher. The firm raised its target price to $22.
- Jefferies upgraded Spartan Stores (NASDAQ: SPTN) to Buy from Hold as it believes the company's EPS and sales momentum will return with the Michigan economy likely bottoming out. Despite upgrading, the firm lowered its target price to $18 from $24.
- Morgan Stanley upgraded U.S. Steel (X) to Overweight from Equal Weight due to its favorable product mix and leverage to improving operating rates.
- CSX Corp. (NYSE: CSX) was upgraded to Buy from Neutral at Goldman.
- Mueller Water (NYSE: MWA) was raised to Perform from Underperform at Oppenheimer.
- Marvell Technology (NASDAQ: MRVL) was upgraded to Outperform from Underperform at JMP Securities.
Continue reading Analyst upgrades, downgrades and initiations: CSX, JBL, MRVL, NUE, STT, X ...
Posted Jun 8th 2009 10:10AM by Mark Fightmaster (RSS feed)
Filed under: JPMorgan Chase (JPM), American Express (AXP), BB and T (BBT), Goldman Sachs Group (GS), Morgan Stanley (MS), U.S. Bancorp (USB), Financial Crisis

This morning, the U.S. Federal Reserve is expected announce that some banks will be allowed to
repay the money lent to them under the Troubled Asset Relief Program (TARP). Some of the banks expected to receive approval are
Goldman Sachs (NYSE:
GS),
JPMorgan Chase (NYSE:
JPM),
American Express (NYSE:
AXP),
Morgan Stanley (NYSE:
MS),
State Street (NYSE:
STT) and
U.S. Bancorp (NYSE:
USB). All of these banks have expressed interest in repaying the government.
What is interesting is that there will be yet another Czar joining the White House, a "Repayment Czar," (what is the deal with the media's fascination with Russian royalty?) or as the administration will call the position, the "
Special Master for Compensation."
Continue reading Fed to okay TARP repayment for some banks, appoint a Pay Czar
Posted May 19th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Home Depot (HD), American Express (AXP), Morgan Stanley (MS), Palm Inc (PALM)

We saw at least five directional changes throughout the day in the stock market, so the close still left people wondering what the day really was. The housing data was
weaker than expected, and today marked the first day that the
VIX went under 30. Here are today's unofficial closing bell levels:
Dow 8,476.36 -27.72 (-0.33%)
S&P 500 908.34 -1.37 (-0.15%)
Nasdaq 1,734.54 +2.18 (0.13%)
Top Analyst CallsContinue reading Closing Bell: Bull & Bears look equally confused (APP, AXP, HD, MS, PALM, STT)
Posted May 19th 2009 11:00AM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst upgrades:
- Janney Montgomery upgraded Aqua America (NYSE: WTR) to Buy from Neutral on valuation, viewing the recent weakness as a buying opportunity. The firm has a $19 target on the stock.
- UBS upgraded Gildan Activewear (NYSE: GIL) to Buy from Neutral due to customer Broder's improved liquidity and the improved outlook for margins.
- RBC Capital upgraded State Street (NYSE: STT) to Top Pick from Outperform and raised its target to $55 from $40. The analyst said the $2B capital raise addresses TCE ratio concerns and large unrealized losses in the investment portfolio.
- Sherwin-Williams (NYSE: SHW) was upgraded to Overweight from Neutral at JP Morgan.
- Advance Auto Parts (NYSE: AAP) was upgraded to Buy from Underperform at Banc of America/Merrill.
- M&T Bank (NYSE: MTB) was upgraded to Outperform from Market Perform at Bernstein.
Continue reading Analyst upgrades, downgrades and initiations: WTR, GIL, STT, EHTH, AKZOY, MEOH, UTHR and HGG
Posted May 18th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Time Warner (TWX), Bank of America (BAC), Goldman Sachs Group (GS), Amer Intl Group (AIG), Lowe's Cos (LOW), Palm Inc (PALM)

Today's run might be more banked on Indian election results, one earnings report, and an analyst upgrade. The National Association of Home Builders reported a slightly more optimistic builder report as well, but today's gains were well entrenched with or without housing data.
To show just how much these Indian stocks were up,
here is a full list of how much these were up around the open. Here are today's unofficial closing bell levels:
Dow 8,506.31 +237.67 (2.87%)
S&P 500 909.76 +26.88 (3.04%)
Nasdaq 1,732.36 +52.22 (3.11%)
Top Analyst UpgradesTop Analyst Downgrades52-Week HighsContinue reading Closing Bell: Solid Numbers, that aren't being taken back (AIG, BS, GS, LOW, PALM, STT, TWX, CETV)
Posted May 13th 2009 10:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Home Depot (HD), Netflix, Inc. (NFLX), Abercrombie and Fitch (ANF), Starwood Hotels Worldwide (HOT), Analyst initiations
Analyst upgrades:
- Jefferies upgraded Abercrombie & Fitch (NYSE: ANF) to Buy from Hold on a favorable risk/reward profile. The firm thinks sentiment is negative, estimate revisions have troughed, and compares ease in the second half of 2009. Jefferies upped its target price to $35 from $22.
- Citigroup upgraded Home Depot (NYSE: HD) to Buy from Hold on expectations for positive earnings surprises in 2009. The firm thinks home merchandise sales are picking up and consensus estimates could prove conservative. Citi raised its target price on the stock to $32 from $26.
- Bernstein upgraded Starwood Hotels (NYSE: HOT) to Market Perform from Underperform and raised their price target to $23 from $10 based on its credit agreement amendment and valuation.
- SunTrust (NYSE: STI) was upgraded to Neutral from Sell at Goldman. Fiat (OTC: FIATY) was upgraded to Buy from Neutral at UBS.
- Lincoln National (NYSE: LNC) was raised to Outperform from Market Perform at Wachovia.
Continue reading Analyst upgrades, downgrades and initiations: ANF, HD, HOT, NFLX, STT ...
Posted May 8th 2009 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Wal-Mart (WMT), PepsiCo (PEP), Diageo plc (DEO), Target Corp. (TGT), Analyst initiations, Thomson Reuters (TRI), Visa Inc. (V)
Analyst upgrades:
- Citigroup upgraded Cooper Industries (NYSE: CBE) to Hold from Sell to reflect improving macro indicators and a belief negative earnings revisions are unlikely going forward. The firm raised its target price to $37 from $28.
- Royal Bank of Scotland upgraded Siemens (NYSE: SI) to Buy from Hold on expectations the company will benefit from an economic recovery.
- Banc of America/Merril upgraded State Street (NYSE: STT) to Buy from Neutral and raised their price target to $50 from $40 following stress test results that show the company does not need additional capital. The analyst said the news "clears one of the bars on capital concerns."
- Teradata (NYSE: TDC) was raised to Market Weight from Underweight at Thomas Weisel.
- Target (NYSE: TGT) was lifted to Overweight from Neutral at JP Morgan.
- Diageo (NYSE: DEO) was upgraded at UBS to Neutral from Sell.
Continue reading Analyst upgrades, downgrades and initiations: STT, TGT, PEP, V, WMT ...
Posted May 8th 2009 10:10AM by Jim Cramer (RSS feed)
Filed under: Market matters, Bank of America (BAC), Morgan Stanley (MS), Politics, Cramer on BloggingStocks, Financial Crisis
TheStreet.com's Jim Cramer says they tainted a good series of bank tests. Sometimes the playing field is so unlevel that it makes no sense to play. That's how I felt about these leaks.
Morgan Stanley (NYSE:
MS) (
Cramer's Take) went from being "Mr. Clean" on Wednesday to "Mr. Dirty" on Thursday. The company went from having bountiful equity that drove the stock up a point, to needing bountiful equity, which it filed for Thursday night. No apologies from anyone, not the leakers or the leakees. I never heard or read the phrase "it was incorrectly reported" even though that was totally the case.
Same with
State Street (NYSE:
STT) (
Cramer's Take). Here's one that went from needing capital, to not needing capital, to needing capital, and then to having too much capital so it can start paying back the TARP funds all in one 24-hour news cycle.
Continue reading Cramer on BloggingStocks: Put an end to the leaks
Posted Apr 17th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: General Motors (GM), Market matters, JPMorgan Chase (JPM), Bank of America (BAC), Bank of New York (BK), Centex Corp (CTX), Wells Fargo (WFC), Housing, Cramer on BloggingStocks
TheStreet.com's Jim Cramer says builders have stopped, and prices have fallen to affordable levels. Housing bottoms form when homebuilders finally stop building. They come when permits dry up. They come when foreclosures are so rife that they drive down the prices to affordable levels. Housing bottoms come when the homebuilders give up and merge. They come when mortgage rates go really low. They come when unemployment claims level out.
The bottom, well, is now. We are seeing a huge wave of buying of foreclosed homes in Northern and Southern California and in Florida. The numbers are too positive to think that these, the hardest-hit areas, aren't putting in long-term bottoms. Of course, where legacy housing is coming on, most notably in Florida and Las Vegas, where lenders like
Corus Bank (NASDAQ:
CORS) (
Cramer's Take) abetted ridiculous levels of condominium construction, or New York, where the economy was on fire courtesy the brokers and the lawyers and the foreign tourists taking advantage of a cheap dollar, you are not going to get a bottom for a year. In New York's case, the building continued right through the layoffs because of tax advantages that ran out inopportunely right at the top. It will most likely be a tough market for a while.
Continue reading Cramer on BloggingStocks: This is what a housing bottom looks like
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