Posts for Ticker ‘AF’

S&P Looking For More Bank Losses (WFC, CMA, USB, BBT, RF, COF, FITB, HBAN, SNV, WTNY, FAS)

burning-money-picStandard & Poor’s may still have at least some relevance in its debt ratings.  This morning we saw a wave of downgrades at banks by the debt ratings agency on systematic-risk and non-systematic risk.   We tried to shorten this up to the most concise report in rating groups as this is hitting many of the bank stocks pretty hard this morning. Wells Fargo & Co. (NYSE: WFC), Comerica (NYSE: CMA), USBancorp (NYSE: USB), BB&T Corp. (NYSE: BBT), Regions Financial Corp. (NYSE: RF), Capital One Financial Corp. (NYSE: COF), Fifth Third Bancorp (NASDAQ: FITB), Huntington Bancshares Inc. (NASDAQ: HBAN), Synovus Financial Corp. (NYSE: SNV) and Whitney Holding Corp. (NASDAQ: WTNY) were all in the wave of S&P downgrades.  This news has the extremely volatile Direxion Daily Financial Bull 3X Shares (NYSE: FAS) triple leverage financial sector ETF down 7% at $8.60.
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Posted on: June 17, 2009 – 11:40 am in Analyst Calls, Banking, Financial Stocks, , , , , , , , , , , , , , , , , ,

Early Analyst Calls (AF)(AXYS)(FEED)(YUM)

Deutsche_bank_logoAstoria (AF) remains "underperform" at FBR.

Axsys (AXYS) upped to "buy" at Morgan Joseph.

Yum! (YUM) upgraded to "buy" at Argus.

AgFeed (FEED) downgraded to "neutral" at Global Hunter.

Sources: Briefing.com and wire services.

Douglas A. McIntyre

Posted on: December 30, 2008 – 8:01 am in Analyst Calls, , , ,