Second-quarter profits to common investors at SunTrust Banks rose 35% to $365 million, or $0.68 a diluted share, from $270 million, or $0.50 a diluted share, a year earlier. Net interest income fell 5% to about $1.2 billion, as reported net interest margin fell to 3.25% from 3.39% in 2012’s second quarter. However, SunTrust’s earnings were helped by reduced loan-loss provisioning, which dropped to $146 … Continue reading Second Quarter Profits Rise for STI
BIND Therapeutics, Inc. (NASDAQ: BIND), a clinical-stage nanomedicine platform company developing targeted and programmable therapeutics called AccurinsTM, today announced the appointments of Eric K. Rowinsky, M.D. and Amy W. Schulman to the company’s board of directors. Together the significant insights and expertise of these two industry leaders will help to guide BIND’s management team in the achievement of its business and development goals. BIND Therapeutics, … Continue reading Stocks in Focus: BIND Therapeutics, Inc. (NASDAQ:BIND), Bristol-Myers Squibb Company (NYSE:BMY), TC PipeLines, LP (NYSE:TCP), Entergy Corporation (NYSE:ETR), Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL)
‘ second-quarter earnings demonstrate the strength of the company’s business model and underlying profitability, as highly efficient and productive new plants drove improvement in the electricity segment and the company’s dominance in lower-heat geothermal continued to produce strong results. During the quarter, Ormat earned $0.41 per share excluding noncash derivative gains and the gain on the sale of the Momotombo power project. This is a … Continue reading Ormat’s Continued Efficiency Yields Impressive Q2 Results
Equities researchers at Deutsche Bank dropped their target price on shares of Newmont Mining Corp (NYSE:NEM) from $27.00 to $25.00 in a research report issued on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 8.65% from the stock’s previous close. Newmont Mining Corporation (NYSE:NEM) belongs to Basic Materials sector. Its net profit … Continue reading Trader’s Watch List : Newmont Mining Corporation (NYSE:NEM), Regions Financial Corporation (NYSE:RF), Fabrinet (NYSE:FN), CBD Energy Limited (NASDAQ:CBDE), United Technologies Corporation (NYSE:UTX)
Bond star Bill Gross so far has requested only one trader for his new gig at Janus Capital Group, Inc. (NYSE:JNS), according to a report from mutual fund research firm Morningstar Inc. Janus Capital Group, Inc. (NYSE:JNS) belongs to Financial sector. Its net profit margin is 15.00% and weekly performance is -8.81%. On last trading day company shares ended up $14.49. Janus Capital Group, Inc. … Continue reading Morning Watch List : Janus Capital Group, Inc. (NYSE:JNS), Huntington Bancshares Incorporated (NASDAQ:HBAN), Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI), MTSI, MTL
U.S. medical device maker Medtronic, Inc. (NYSE:MDT) is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland’s Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation. Medtronic, Inc. (NYSE:MDT) belongs to Healthcare sector. Its net profit margin is 22.90% and weekly performance is 0.58%. On last trading day company shares … Continue reading Hot Stocks : Medtronic, Inc. (NYSE:MDT), MGM Resorts International (NYSE:MGM), Linn Co, LLC (NASDAQ:LNCO), Park Electrochemical Corp. (NYSE:PKE), Alcatel Lucent SA (NYSE:ALU)
