New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 2, 2014
11:59 EDTNYLD, CAMP, MDRX, IBKR, SFLY, PTEN, BC, RICEHigh option volume stocks:
High option volume stocks: RICE BC TS PTEN SFLY ERY MDRX NYLD IBKR CAMP
News For RICE;BC;PTEN;SFLY;MDRX;NYLD;IBKR;CAMP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 30, 2015
10:00 EDTBCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:06 EDTBCBrunswick downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Brunswick to Outperform given valuation and limited operating leverage over the next few quarters given production constraints and investments. Price target raised to $59 from $51.
January 29, 2015
11:14 EDTBCBrunswick sees 1H revenue growth high-single to low double-digit range
Subscribe for More Information
08:46 EDTMDRXLeerink healthcare technology analyst holds analyst/industry conference call
Subscribe for More Information
07:45 EDTBCBrunswick sees 2015 adjusted EPS $2.70-$2.85, consensus $2.88
Sees 2015 free cash flow $150M-$170M. The company said, "We expect our businesses' top-line performance will continue to benefit from several recent product introductions, along with increases in production rates and capacity. Market acceptance of these products has been excellent, and as a result, our plan reflects revenue growth rates in 2015 to be in the range of 6 percent to 8 percent. Although category and regional strengths and weaknesses exist in the marine and fitness markets, the demonstrated resiliency of both marine participation and the overall commercial fitness market, combined with the continued successful execution of our growth strategy, give us the confidence that we can achieve the financial targets outlined in our 2016 plan, absent any additional significant changes in global macroeconomic conditions. Against the backdrop of our revenue targets, our 2015 plan reflects a slight improvement in gross margin levels and solid gains in operating margins."
07:43 EDTBCBrunswick reports Q4 adjusted EPS 33c, consensus 27c
Reports Q4 revenue $938.6M, consensus $927.06M.
January 28, 2015
17:03 EDTPTENHelmerich & Payne downgraded to Sell from Neutral at Citigroup
Subscribe for More Information
January 26, 2015
09:22 EDTSFLYShutterfly estimates raised at ITG Research
Subscribe for More Information
January 23, 2015
12:00 EDTIBKRE-Trade rallies after Q4 results beat estimates, capital plan approved
Shares of online broker E-Trade Financial (ETFC) are rising after the company’s fourth quarter results surpassed analysts’ consensus estimates and announced it has received regulatory approval realign its organizational structure. WHAT'S NEW: Last night, E-Trade reported Q4 adjusted earnings per share of 26c and revenue of $461M, topping analysts' consensus estimates of 23c and $445.11M, respectively. Quarterly results excluded a $59M pre-tax loss on early extinguishment of corporate debt. For the quarter, Daily Average Revenue Trades, or DARTs, were 168,000, an increase of 10% from the third quarter. The company ended Q4 with 3.1 million brokerage accounts, an increase of 17,000 from the end of Q3, and brokerage account attrition for Q4 was 9.1%. E-Trade said that the company added $3.5B in net new brokerage assets in Q4, or an annualized growth rate of 5.8%. The company also ended the quarter with $290B in total customer assets, compared with $282B at the end of Q3. Provision for loan losses was $10M in Q4, unchanged from Q3, while net-charge offs were $7M, comapred with $10M in Q3. The company reported bank and consolidated Tier 1 leverage ratios of 10.6% and 8.1%, respectively, as of December 31, compared with 10.4% and 7.7% in the prior quarter. WHAT’S NOTABLE: E-Trade announced that it has received regulatory approval to operate E*TRADE Bank at a Tier 1 leverage ratio of 9%, and realign its organizational structure by moving its two broker-dealers-- E*Trade Securities and E*Trade Clearing -- from under E*Trade Bank, which it says will simplify the distribution of capital generated by those entities to the parent company. E*Trade Securities will be moved in early February, while the move of E*Trade Clearing is expected to be completed later in the year. The approval to move these subsidiaries allows the company to distribute approximately $430M of their excess capital to the parent, the company added. Separately, the company announced on its earnings conference call that Chief Marketing Officer Liza Landsman will leave the company to pursue other opportunities. ANALYST REACTION: This morning, Credit Suisse upgraded E-Trade to Outperform from Neutral. The firm believes E-Trade is on the path to unlock substantial value and views the company's regulatory approval to separate its broker dealer unit and release excess capital from the bank subsidiary is a "turning point" for value creation. The firm raised its price target on the shares to $28 from $24. Another firm, JMP Securities, said E-Trade achieved a "crucial milestone." After E-Trade announced that it had received approval to move forward on its capital plan, freeing up significant excess capital, JMP Securities believes that this development could add 50c-$1.00+ to the company's EPS. The firm kept a $28 price target and Outperform rating on the shares. PRICE ACTION: In late morning trading, E-Trade rose $2.05, or about 9.05%, to $24.70 on approximately twice its average daily trading volume. Including today’s advance, the stock has gained approximately 17% over the past twelve months. OTHERS TO WATCH: Other online brokers include Charles Schwab (SCHW) down 1.12%, TD Ameritrade (AMTD), down 0.4%, and Interactive Brokers (IBKR), up 1.34%.
10:02 EDTRICEOn the Fly: Analyst Initiation Summary
Subscribe for More Information
08:37 EDTPTENBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
Subscribe for More Information
05:29 EDTRICERice Energy initiated with an Outperform at Imperial Capital
Subscribe for More Information
January 22, 2015
08:52 EDTRICERice Energy outlook still upbeat, says SunTrust
Subscribe for More Information
January 21, 2015
06:27 EDTIBKRInteractive Brokers CEO doesn't see recouping losses from franc trades, WSJ says
Subscribe for More Information
January 20, 2015
18:30 EDTIBKROn The Fly: After Hours Movers
Subscribe for More Information
16:06 EDTIBKRInteractive Brokers reports Q4 EPS 12c, consensus 6c
Subscribe for More Information
15:21 EDTIBKRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include IBM (IBM), consensus $5.41; Netflix (NFLX), consensus 45c; CA Technologies (CA), consensus 60c; Cree (CREE), consensus 22c; Woodward (WWD), consensus 46c; Fulton Financial (FULT), consensus 21c; Advanced Micro Devices (AMD), consensus 1c; Interactive Brokers (IBKR), consensus 6c; Pinnacle Financial (PNFP), consensus 53c.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use