BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Higher BNY Mellon's Asset Servicing Fee Could Add to Upside]]>http://www.bloggingstocks.com/2011/03/03/higher-bny-mellons-asset-servicing-fee-could-add-to-upside/http://www.bloggingstocks.com/2011/03/03/higher-bny-mellons-asset-servicing-fee-could-add-to-upside/http://www.bloggingstocks.com/2011/03/03/higher-bny-mellons-asset-servicing-fee-could-add-to-upside/#commentsFiled under: ,

The Bank of New York Mellon (BK) primarily competes with State Street (STT), JPMorgan Chase (JPM) and Citigroup (C) in the asset servicing business. The asset servicing fee charged by BNY Mellon was volatile from 2007 to 2009. Due to the long-term nature of asset servicing contracts, BNY Mellon is likely to give discounts on servicing fees in the short run to attract more clients. Additionally, with the rise in assets under custody, we expect to see a drop in servicing fees as economies of scale come into play with the asset industry becoming more technology-intensive.

We currently have a Trefis price estimate of $35.72 for The Bank of New York Mellon Corp.'s stock, which is about 12% ahead of the current market price.

Continue reading Higher BNY Mellon's Asset Servicing Fee Could Add to Upside

Higher BNY Mellon's Asset Servicing Fee Could Add to Upside originally appeared on BloggingStocks on Thu, 03 Mar 2011 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bank of New York MellonbkcfeaturedjpmSttThu, 03 Mar 2011 10:20:00 EST<![CDATA[Analyst Calls: ALTR, BHI, CL, CLX, FFIV, GS, HCBK, LLTC, PG, STT, TYC ...]]>http://www.bloggingstocks.com/2011/01/20/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2011/01/20/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2011/01/20/analyst-upgrades-downgrades/#commentsFiled under: , , , , , ,

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 ...

Analyst Calls: ALTR, BHI, CL, CLX, FFIV, GS, HCBK, LLTC, PG, STT, TYC ... originally appeared on BloggingStocks on Thu, 20 Jan 2011 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ACLAlconAlteraALTRanalyst upgradesBaker HughesBCSIBHICalpineCaviumCAVMCHDChurch and DwightCitrixCLCloroxCLXCNIColgateCPNCPTCTXSdowngradesEnscoESVF5FFIVFLRFluorGoldman SachsGSHCBKHologicHOLXIlluminaILMNinitiationsinthenewsLLTCMannKindMicronMNKDMUNETLNetLogicPCGPDLIPGPNFPProcter and GambleRackspaceRAXRUSHAState StreetSTTTYCTycoVMWVMwareWatscoWSOThu, 20 Jan 2011 12:00:00 EST<![CDATA[State Street Takes a Hit After Q4 Report]]>http://www.bloggingstocks.com/2011/01/19/state-street-takes-a-hit-after-q4-report/http://www.bloggingstocks.com/2011/01/19/state-street-takes-a-hit-after-q4-report/http://www.bloggingstocks.com/2011/01/19/state-street-takes-a-hit-after-q4-report/#commentsFiled under: , , ,

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

State Street Takes a Hit After Q4 Report originally appeared on BloggingStocks on Wed, 19 Jan 2011 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>callsearningsfourth quarterinthenewsoptionsprofitrevenueState StreetState Street Q4STTtechnical analysisWed, 19 Jan 2011 14:30:00 EST<![CDATA[Week in Preview: Banks in the Earnings Spotlight]]>http://www.bloggingstocks.com/2011/01/16/week-in-preview-banks-in-the-earnings-spotlight/http://www.bloggingstocks.com/2011/01/16/week-in-preview-banks-in-the-earnings-spotlight/http://www.bloggingstocks.com/2011/01/16/week-in-preview-banks-in-the-earnings-spotlight/#commentsFiled under: , , , ,

earnings expectationsThe 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

Week in Preview: Banks in the Earnings Spotlight originally appeared on BloggingStocks on Sun, 16 Jan 2011 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLanalyst forecastsAppleBACBank of AmericaBank of America earningsBank of America WikiLeaksBBTCCapital One FinancialCitigroupCMACOFCOLComericaCreeDALDeltaearnings previewsearnings seasoneBayESIFASTFCXfeaturedFifth Third BancorpFITBGEGeneral ElectricGoldman SachsGoldman Sachs class-action suitGoldman Sachs earningsGOOGGoogleGSHBANHuntington BancsharesIBMJCIJPMJPMorgan ChaseLLTCLUVLXNXMorgan StanleyMSNorthern TrustNTRSPHPNCSchlumbergerSLBSLMSLM Corp.Southwest AirlinesState StreetSTISTTSunTrustU.S. BancorpUnion PacificUNPUSBWells FargoWells Fargo dividendWells Fargo earningsWFCSun, 16 Jan 2011 12:30:00 EST<![CDATA[Analyst Calls: AEO, BK, HTGC, KFN, PLD, STT, SVU, THC, VPHM ...]]>http://www.bloggingstocks.com/2010/12/22/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/12/22/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/12/22/analyst-upgrades-downgrades/#commentsFiled under: , , , , ,

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 ...

Analyst Calls: AEO, BK, HTGC, KFN, PLD, STT, SVU, THC, VPHM ... originally appeared on BloggingStocks on Wed, 22 Dec 2010 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ABBABCBAEOAMBAmerican Eagleanalyst upgradesBank of New York MellonBKCEGCHCODCTdowngradesDRLEGPHTGCinitiationsinthenewsKFNKKR FinancialPLDProLogisState StreetSTTSuperValuSVUTenet HealthcareTHCTKLCUBSIVPHMWed, 22 Dec 2010 11:30:00 EST<![CDATA[Comfort Zone Investing: Time to Buy Banks?]]>http://www.bloggingstocks.com/2010/11/27/comfort-zone-investing-time-to-buy-banks/http://www.bloggingstocks.com/2010/11/27/comfort-zone-investing-time-to-buy-banks/http://www.bloggingstocks.com/2010/11/27/comfort-zone-investing-time-to-buy-banks/#commentsFiled under: , , , , ,

a pile of cashBanks were sick for a while. Some of them died (41 in the third quarter alone, a total of 127 so far this year), quickly taken over by the FDIC (Federal Deposit Insurance Corp.), transferring their ticket to ride to another institution that changed the name on the front door (but kept the FDIC sticker) over a weekend. More will evaporate. There are currently 860 on the FDIC's list of problem institutions as of September 30. That compares to 829 at the end of June. But the latest bank profits suggest the worst is over for the banking sector.

Continue reading Comfort Zone Investing: Time to Buy Banks?

Comfort Zone Investing: Time to Buy Banks? originally appeared on BloggingStocks on Sat, 27 Nov 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACbanksBBTCCMAComfort Zone InvestingfeaturedMTBSTTUSBSat, 27 Nov 2010 10:30:00 EST<![CDATA[Analyst Calls: GDP, INTC, LVS, MON, MRVL, NTRS, NVDA, STT, WYNN ...]]>http://www.bloggingstocks.com/2010/11/05/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/11/05/analyst-upgrades-downgrades/http://www.bloggingstocks.com/2010/11/05/analyst-upgrades-downgrades/#commentsFiled under: , , , , ,

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 ...

Analyst Calls: GDP, INTC, LVS, MON, MRVL, NTRS, NVDA, STT, WYNN ... originally appeared on BloggingStocks on Fri, 05 Nov 2010 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AHTALYanalyst upgradesATMLBEBECenterPointCFXClearwireCLWRCNPColfaxCORDECKDeckersdowngradesEQYGoodrichinitiationsINTCinthenewsIRFJNYLas Vegas SandsLVSMarvellMetroPCSMONMonsantoMRVLNorthern TrustNTRSNVDANvidiaPCSPRERed LionRF MicroRFMDRLHState StreetSTNSTTSUGTBLTimberlandTWOWPIWPRTWTIWYNNFri, 05 Nov 2010 11:30:00 EST<![CDATA[Puts Popular Ahead of State Street's Earnings Report]]>http://www.bloggingstocks.com/2010/07/19/puts-popular-ahead-of-state-streets-earnings-report/http://www.bloggingstocks.com/2010/07/19/puts-popular-ahead-of-state-streets-earnings-report/http://www.bloggingstocks.com/2010/07/19/puts-popular-ahead-of-state-streets-earnings-report/#commentsFiled under: , ,

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

Puts Popular Ahead of State Street's Earnings Report originally appeared on BloggingStocks on Mon, 19 Jul 2010 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analyst ratingscallscontrarianearningsinthenewsoptionsputssecond quartersentiment analysisshort interestState StreetSTTMon, 19 Jul 2010 14:20:00 EST<![CDATA[Fearless Friday: BAC, C, and GE Report Earnings]]>http://www.bloggingstocks.com/2010/07/15/fearless-friday-bac-c-and-ge-report-earnings/http://www.bloggingstocks.com/2010/07/15/fearless-friday-bac-c-and-ge-report-earnings/http://www.bloggingstocks.com/2010/07/15/fearless-friday-bac-c-and-ge-report-earnings/#commentsFiled under: , , , , , ,

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

Fearless Friday: BAC, C, and GE Report Earnings originally appeared on BloggingStocks on Thu, 15 Jul 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacBank of AmericaCcitigroupearningsfeaturedGEgeneral electricjp morgan chaseJPMoptionsSheldon Liberstate streetSTTThu, 15 Jul 2010 18:00:00 EST<![CDATA[What Do Earnings from the Big Banks Signal for the Economy?]]>http://www.bloggingstocks.com/2010/01/22/what-do-earnings-from-the-big-banks-signal-for-the-economy/http://www.bloggingstocks.com/2010/01/22/what-do-earnings-from-the-big-banks-signal-for-the-economy/http://www.bloggingstocks.com/2010/01/22/what-do-earnings-from-the-big-banks-signal-for-the-economy/#commentsFiled under: , , , , , , ,

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?

What Do Earnings from the Big Banks Signal for the Economy? originally appeared on BloggingStocks on Fri, 22 Jan 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BACbank earningsBank of Americabig banksCitigroupearningseconomic crisisfeaturedinthenewsJPMJPMorganMorgan StanleyMSNorthern TrustNTRSState StreetStateStreetSTTU.S. BancorpU.s.BancorpUSBWells FargoWFCFri, 22 Jan 2010 12:00:00 EST<![CDATA[The Week in Preview: Q4 Earnings Expectations for the Financial Sector]]>http://www.bloggingstocks.com/2010/01/17/the-week-in-preview-q4-earnings-expectations-for-the-financial/http://www.bloggingstocks.com/2010/01/17/the-week-in-preview-q4-earnings-expectations-for-the-financial/http://www.bloggingstocks.com/2010/01/17/the-week-in-preview-q4-earnings-expectations-for-the-financial/#commentsFiled under: , , , , , , , , , , , ,

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

The Week in Preview: Q4 Earnings Expectations for the Financial Sector originally appeared on BloggingStocks on Sun, 17 Jan 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American ExpressAXPBACBank of AmericaBank of New York MellonBBTBKCapital OneCitigroupCMACOFComericaearningsfeaturedFHNFifth Thirdfinancial sectorFirst HorizonFITBGoldman SachsGSHBANHCBKHudson CityHuntington BancsharesJPMJPMorgan ChaseKEYKeycorpMarshall and IlsleyMIMorgan StanleyMSMTBNorthern TrustNTRSPNCSLMState StreetSTISTTSuntrustUS BancorpUSBWells FargoWFCSun, 17 Jan 2010 12:30:00 EST<![CDATA[Before the Bell: Futures Higher Ahead of Economic Data]]>http://www.bloggingstocks.com/2009/12/22/before-the-bell-futures-higher-ahead-of-economic-data/http://www.bloggingstocks.com/2009/12/22/before-the-bell-futures-higher-ahead-of-economic-data/http://www.bloggingstocks.com/2009/12/22/before-the-bell-futures-higher-ahead-of-economic-data/#commentsFiled under: , , , ,

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

Before the Bell: Futures Higher Ahead of Economic Data originally appeared on BloggingStocks on Tue, 22 Dec 2009 08:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>basttttwoTue, 22 Dec 2009 08:20:00 EST<![CDATA[Analyst Calls: RIMM, NTRS, STT, UHS, POT, BCR, O, JCI, GPS, WMG]]>http://www.bloggingstocks.com/2009/12/18/analyst-calls-rimm-ntrs-stt-uhs-pot-bcr-o-jci-gps-wmg/http://www.bloggingstocks.com/2009/12/18/analyst-calls-rimm-ntrs-stt-uhs-pot-bcr-o-jci-gps-wmg/http://www.bloggingstocks.com/2009/12/18/analyst-calls-rimm-ntrs-stt-uhs-pot-bcr-o-jci-gps-wmg/#commentsFiled under: , , , , , , , , ,

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

Analyst Calls: RIMM, NTRS, STT, UHS, POT, BCR, O, JCI, GPS, WMG originally appeared on BloggingStocks on Fri, 18 Dec 2009 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMBAMB PropertyAOLBCRBPBP PlcC.R. BardFROFrontlinegap inc.GPSIBMinthenewsJCIJohnson ControlsNetAppNorthern TrustNTAPNTRSOPOTPotashRealty Incomeresearch in motionRIMMState StreetSTTTake-Two InteractiveTTWOUHSUniversal HealthUniversalHealthWarner MusicWhiting PetroleumWilliamsPartnersWLLWMGWPZFri, 18 Dec 2009 10:00:00 EST<![CDATA[Earnings highlights: Apple, Microsoft, Yahoo!, Bank of New York, Capital One ...]]>http://www.bloggingstocks.com/2009/07/25/earnings-highlights-apple-microsoft-yahoo-bank-of-new-york/http://www.bloggingstocks.com/2009/07/25/earnings-highlights-apple-microsoft-yahoo-bank-of-new-york/http://www.bloggingstocks.com/2009/07/25/earnings-highlights-apple-microsoft-yahoo-bank-of-new-york/#commentsFiled under: , , , , , , ,

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Apple, Microsoft, Yahoo!, Bank of New York, Capital One ...

Earnings highlights: Apple, Microsoft, Yahoo!, Bank of New York, Capital One ... originally appeared on BloggingStocks on Sat, 25 Jul 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLAMDAmerican ExpressAppleAXPBank of New YorkBKCapital OneCOFearningsHCBKHudson CityIntuitive SurgicaliPhoneISRGJDAJDASJim CramerKeyCorpMicrosoftMSFTMT BankMTBState StreetSTTTARPVMWVMWareYahooYHOOSat, 25 Jul 2009 10:10:00 EST<![CDATA[State Street (STT) Q2 earnings disappoint]]>http://www.bloggingstocks.com/2009/07/21/state-street-stt-q2-earnings-disappoint/http://www.bloggingstocks.com/2009/07/21/state-street-stt-q2-earnings-disappoint/http://www.bloggingstocks.com/2009/07/21/state-street-stt-q2-earnings-disappoint/#commentsFiled under: , , ,

STT logoState 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

State Street (STT) Q2 earnings disappoint originally appeared on BloggingStocks on Tue, 21 Jul 2009 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsinthenewsinvestors observerInvestorsObserveroptionsState StreetStateStreetSTTTue, 21 Jul 2009 13:40:00 EST<![CDATA[Closing Bell: A quiet day that didn't look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT)]]>http://www.bloggingstocks.com/2009/06/29/closing-bell-a-quiet-day-that-didnt-look-quiet-brk-a-bbi-sl/http://www.bloggingstocks.com/2009/06/29/closing-bell-a-quiet-day-that-didnt-look-quiet-brk-a-bbi-sl/http://www.bloggingstocks.com/2009/06/29/closing-bell-a-quiet-day-that-didnt-look-quiet-brk-a-bbi-sl/#commentsFiled under: , , ,

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 Calls

Continue reading Closing Bell: A quiet day that didn't look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT)

Closing Bell: A quiet day that didn't look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT) originally appeared on BloggingStocks on Mon, 29 Jun 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>berkshire hathawayBerkshireHathawayrussell indexRussellIndexsiriusSolarWindsstate street corporationStateStreetCorporationSTTSWIMon, 29 Jun 2009 16:00:00 EST<![CDATA[State Street unit slapped with Wells Notice]]>http://www.bloggingstocks.com/2009/06/29/state-street-unit-slapped-with-wells-notice/http://www.bloggingstocks.com/2009/06/29/state-street-unit-slapped-with-wells-notice/http://www.bloggingstocks.com/2009/06/29/state-street-unit-slapped-with-wells-notice/#commentsFiled under: , ,

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

State Street unit slapped with Wells Notice originally appeared on BloggingStocks on Mon, 29 Jun 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsoptionsSECSecurities and Exchange CommissionState StreetSTTtechnical analysisWells noticeMon, 29 Jun 2009 11:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: COMS, GOLD, STT, SVNT, TXN]]>http://www.bloggingstocks.com/2009/06/17/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/06/17/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/06/17/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , , ,

Analyst upgrades
  • Oppenheimer upgraded Savient Pharmaceuticals (NASDAQ: SVNT) to Perform from Underperform after the FDA's Arthritis Advisory Committee voted 14-1 in favor of approving Krystexxa for gout.
  • Banc of America/Merrill upgraded Texas Instruments (NYSE: TXN) to Buy from Underperform and raised its target to $27 from $18 based on expectations that margin expansion will be higher than Street expectations.
  • UBS said Nvidia (NASDAQ: NVDA) has limited downside risk given the improved outlook for the graphics processor market and professional solutions business. Shares were upgraded to Neutral from Sell and its target was raised to $11.50 from $8.
  • BHP Billiton (NYSE: BHP) was upgraded to Outperform from Neutral at Macquarie.
  • Neutral Tandem (NASDAQ: TNDM) was upgraded to Outperform from Neutral at Baird.
  • Central Garden & Pet (NASDAQ: CENT) was upgraded to Buy from Neutral at SunTrust.

Continue reading Analyst upgrades, downgrades and initiations: COMS, GOLD, STT, SVNT, TXN

Analyst upgrades, downgrades and initiations: COMS, GOLD, STT, SVNT, TXN originally appeared on BloggingStocks on Wed, 17 Jun 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BHPCENTCMICOMSdowngradesGOLDMAINNVDAOGEORAPKGRHBSLWSTTSVNTSWCEYTexas InstrumentsTNDMTXNupgradesWed, 17 Jun 2009 11:00:00 EST<![CDATA[Analyst upgrades, downgrades and initiations: CSX, JBL, MRVL, NUE, STT, X ... ]]>http://www.bloggingstocks.com/2009/06/09/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/06/09/analyst-upgrades-downgrades-and-initiations/http://www.bloggingstocks.com/2009/06/09/analyst-upgrades-downgrades-and-initiations/#commentsFiled under: , , , , ,

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 ...

Analyst upgrades, downgrades and initiations: CSX, JBL, MRVL, NUE, STT, X ... originally appeared on BloggingStocks on Tue, 09 Jun 2009 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CarMaxCSXHartford FinancialHIGKMXMarvellMRVLNucorNUEState StreetSTTUS SteelXTue, 09 Jun 2009 11:40:00 EST<![CDATA[Fed to okay TARP repayment for some banks, appoint a Pay Czar]]>http://www.bloggingstocks.com/2009/06/08/fed-to-okay-tarp-repayment-for-some-banks-appoint-a-pay-czar/http://www.bloggingstocks.com/2009/06/08/fed-to-okay-tarp-repayment-for-some-banks-appoint-a-pay-czar/http://www.bloggingstocks.com/2009/06/08/fed-to-okay-tarp-repayment-for-some-banks-appoint-a-pay-czar/#commentsFiled under: , , , , , ,

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

Fed to okay TARP repayment for some banks, appoint a Pay Czar originally appeared on BloggingStocks on Mon, 08 Jun 2009 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>axpbbtgsinthenewsjpmmsObama administrationObamaAdministrationsttTARPTARP moneyTARP repaymentTarpMoneyTarpRepaymentTim GeithnerTimGeithnerusbMon, 08 Jun 2009 10:10:00 EST