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March 18, 2014
10:00 EDTSINA, UMPQ, CSCO, SFLY, UBSH, FSM, AF, IMO, KIOR, EJOn The Fly: Analyst Downgrade Summary
Astoria Financial (AF) downgraded to Market Perform at Keefe Bruyette... Cisco (CSCO) downgraded to Equal Weight from Overweight at Barclays... E-House (EJ) downgraded to Buy from Conviction Buy at Goldman... Fortuna Silver Mines (FSM) downgraded to Sector Performer from Outperformer at CIBC... Umpqua Holdings (UMPQ) downgraded to Sector Perform from Outperform at RBC Capital... Union First Market (UBSH) downgraded at Sterne Agee... KiOR (KIOR) downgraded to Neutral from Overweight at Piper Jaffray... SINA (SINA) downgraded to Hold from Buy at Maxim... Imperial Oil (IMO) downgraded to Underperform from Neutral at Macquarie... Shutterfly (SFLY) downgraded at Cowen.
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January 28, 2015
16:59 EDTUMPQUmpqua Holdings reports Q4 EPS 27c, consensus 29c
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16:57 EDTAFAstoria Financial CEO sees 2015 net interest margin "relatively flat" vs. 2014
Astoria Financial CEO Monte N. Redman stated, "We are encouraged by the first net growth we have seen in the loan portfolio in the past nine quarters and our fourth consecutive year of double digit growth in business deposits. We believe that we will continue to grow these deposits in 2015 which will also provide us with some measure of interest rate sensitivity protection. With respect to our net interest margin, while we are pleased with the 7 basis point growth to 2.32% which we achieved for the full year 2014 compared to the full year 2013, given the headwinds created by the flattening of the yield curve in this continued low rate environment, we believe that our net interest margin for 2015 will be relatively flat compared to our 2014 net interest margin."
16:56 EDTAFAstoria Financial reports Q4 EPS 21c, consensus 16c
Reports Q4 NII $83.92M, consensus $84.41M. Reports Q4 loan loss provision ($2.3M) vs. $3.4M a year ago. Reports Q4 net charge-offs ($0.3M) vs. $7.4M a year ago.
16:40 EDTIMOImperial Oil evaluating operating model for Esso stations
Imperial Oil Limited is evaluating the potential transition of its remaining company-owned Esso retail sites to a branded wholesaler operating model. Growth opportunities for the On the Run convenience store brand will also be evaluated. Under the branded wholesaler operating model, Imperial supplies fuel to independent third parties who own and/or operate the sites in alignment with Esso brand standards. The majority of Imperial's 1700 Esso-branded retail fuel sites in Canada operate under the branded wholesaler model. The remaining 500 sites are company-owned and will be part of this evaluation. This evaluation will include a non-binding bid process, which will begin in the coming weeks.
08:02 EDTUBSHUnion Bankshares reports Q4 EPS excl items 34c, consensus 42c
For the quarter ended December 31, 2014, net charge-offs were $4.2 million, or 0.31% on an annualized basis, compared to $4.9 million, or 0.65%, for the same quarter last year and $1.1 million, or 0.08%, for the third quarter of 2014. Past due loans totaled $48.1 million, or 0.90% of total loans, at December 31, 2014 compared to $26.5 million, or 0.87%, a year ago and $58.4 million, or 1.13%, at September 30, 2014. The provision for loan losses for the current quarter was $4.5 million, an increase of $3.3 million compared to the same quarter a year ago and an increase of $2.7 million from the previous quarter.
January 27, 2015
09:44 EDTFSMFortuna Silver Mines upgraded to Buy from Hold at Canaccord
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January 26, 2015
09:33 EDTUMPQUmpqua Holdings downgraded to Neutral from Buy at Sterne Agee
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09:22 EDTSFLYShutterfly estimates raised at ITG Research
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January 23, 2015
09:31 EDTAFCitadel Advisors reports 5% passive stake in Astoria Financial
09:02 EDTCSCOA10 Networks announces collaboration with Cisco
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January 22, 2015
11:32 EDTCSCOF5 Networks plummets after Q2 outlook trails estimates
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10:03 EDTIMOOn the Fly: Analyst Downgrade Summary
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08:57 EDTCSCOIxia slides after Oracle unveils Virtual Compute Appliance X5
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07:41 EDTIMOImperial Oil downgraded to Neutral from Buy at Citigroup
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05:53 EDTCSCOCisco price target raised to $33 from $26 at Piper Jaffray
Piper Jaffray raised its price target for Cisco to $33 saying it is more positive on shares after its 2015 survey of chief investment officers indicated managements expect to increase their budgets on Switching, Routing, WLAN and Security. Piper believes Cisco is well positioned for increased spending and reiterates an Overweight rating on the stock. The networking giant closed yesterday down 23c to $27.84.
January 21, 2015
18:27 EDTCSCOOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
17:00 EDTCSCOCisco down 1.4% after Oracle's Ellison says VCA cheaper than Cisco product
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16:58 EDTCSCOOracle introduces Virtual Compute Appliance, Bloomberg reports
Oracle's (ORCL) Ellison says Virtual Compute Appliance is half the price of equivalent Cisco (CSCO) hardware, added Bloomberg, citing comments from an event at Oracle headquarters.
07:05 EDTFSMFortuna intersects 1,282 g/t Ag, 8.1 g/t Au over 4.6 meters in Trinidad North
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January 20, 2015
09:06 EDTFSMFortuna Silver Mines downgraded to Sector Performer from Outperformer at CIBC
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