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Retail Stocks: Today’s Regional Bank Earnings Roundup
Tweet Another quarter has ended, and with that come earnings releases. For those investors who follow the financial sector, earnings may have started when JPMorgan Chase and Wells Fargo posted their results last Friday. However, a handful of smaller banks followed their much larger cousins with results released Tuesday morning. Not to be forgotten, regional banks and savings and loans tend to limit operations to smaller regions of the country, but they’re generally less exposed to the risky and exotic activities of some of their larger brethren. Their results can often be an indicator of what has been happening in smaller segments of the economy. Company Average Estimated EPS Actual EPS Difference Associated Banc-Corp (Nasdaq: ASBC ) $0.23 $0.24 4.3% Glacier Bancorp (Nasdaq: GBCI ) $0.21 $0.23 9.5% MB Financial (Nasdaq: MBFI ) $0.31 $0.33 6.5% National Penn Bancshares (Nasdaq: NPBC ) $0.14 $0.16 14.3% Sandy Spring Bancorp (Nasdaq: SASR ) $0.33 $0.35 6.1% Source: Yahoo! Finance; Company Press Releases. A ssociated Banc-Corp used the release of its quarterly earnin! gs to an ... … Read entire article »
Filed under: Casino Stocks, Oil Stocks, Small Cap Stocks
Retail Stocks: The Week Ahead on Wall Street – FOMC Minutes, BLS Unemployment, and Monsanto Earnings
Tweet Market watchers will enter another abbreviated week before getting back into the swing of a regular work week. Barring any bad news from Europe, economic data and the?December Federal Open Market Committee meeting minutes should keep investors on their toes this week. In Asia, market watchers will also keep their eyes on Europe and the FOMC’s meeting minutes but the region will produce some news of its own from their data releases. The week will also start out slowly as many of major stock markets are closed on Monday including Tokyo, Hong Kong, Sydney and Bangkok but one number will be released on this day:?manufacturing surveys from Australia, South Korea and India. In Japan, Friday will include earnings reports from top retailers?Aeon Co. (AONNF)?and Seven & I Holdings Co.?(SVNDF). Back in the U.S., look for a full week of economic data and earnings reports. Investing Insights: More Positive Predictions for Auto Sales in 2012. Economic Data Tuesday: ... … Read entire article »
Filed under: Casino Stocks, Oil Stocks
Retail Stocks: Costco Solid Q2 Results unable to Counter Market Rally
Tweet Costco Wholesale Corporation (NASDAQ: COST) reported strong fiscal second-quarter earnings on continued gains overseas, growth in membership fees and higher gas prices. The company reported earnings for the quarter at $348 million, or $0.79 earnings per share as compared with $299 million, or $0.67 earnings per share a year earlier. The net sales rose to $20.45 billion, from $18.36 billion. This year’s results include sales from the company’s 50% owned Mexico joint venture, as it began consolidating its Mexico operations on a prospective basis beginning with its 2011 fiscal year. The company’s U.S. same-store sales rose 5% during the quarter, while international sales grew 12%. The company also benefited from climbing gas prices, which provided income through the gas stations that it operates at its store sites and strengthening foreign currencies had a positive impact on results. The U.S. same-store sales, excluding fuel and foreign exchange impact, increased 3% with a ... … Read entire article »
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