We want to know what you think below.  Look at how much some banks have paid to settle overdraft charges and then decide in our poll below…. Should banks have overdraft fees???

So here are some recent settlements and other overdraft fee news…

J.P. Morgan Chase & Co. (NYSE: JPM) was asked by the U.S. District Court of Southern Florida in Miami to pay $110 million over a class suit for charging of inappropriate overdraft fees to its customers. Zions Bancorp. (ZION) was accused in late 2011 of improper overdraft fees over its policies in place from 2005 to 2010.

Bank of America Corporation (NYSE: BAC) and Commerce Bancshares Inc. (NASDAQ: CBSH) were ordered to make payments over unfair trade practices in overdraft situations: Commerce Banc paid $18.3 million; Bank of America was asked to pay $410 million to settle unfair overdraft fees charges.

Now go back to 2010. Wells Fargo & Co. (NYSE: WFC) was ordered to pay $203 million by a California court to compensate customers suing over unfair overdraft fees.

JON C. OGG

The unofficial closing bells put the DJIA down about 33 points to12,675.75 (-0.26%), the NASDAQ rose just 2 points (0.09%) to 2,786.64, and the S&P 500 fell -0.10% or just more than 1 point to 1,314.63.

There were several analyst upgrades and downgrades today, including Netflix Inc. (NASDAQ: NFLX) maintained as ‘outperform’ with a $100 target price at Credit Suisse; Pan American Silver Corp. (NASDAQ: PAAS) maintained as ‘outperform’ but estimates lowered at Credit Suisse; Halliburton Co. (NYSE: HAL) maintained as ‘buy’ but target price lowered to $54 at Argus; Home Depot Inc. (NYSE: HD) reiterated as ‘buy’ and target price raised to $51 at Argus; ;and Michael Kors Holdings Ltd. (NYSE: KORS) started as ‘overweight’ at Morgan Stanley, as ‘outperform’ at Baird, and as ‘buy’ at Goldman Sachs.

Earnings reports since markets closed on last night have led to some price changes as of the last half hour of trading today: Air Products and Chemicals Inc. (NYSE: APD) is down nearly -3% at $87.29; Baker Hughes Inc. (NYSE: BHI) is down -0.57% at $47.46; Clearwire Corp. (NASDAQ: CLWR) is up 2% at $1.79; EMC Corp. (NYSE: EMC) is up 6.7% at $25.01; Western Digital Corp. (NYSE: WDC) is up 6.2% at $36.85; CSX Corp. (NYSE: CSX) is down -3.5% at $21.89; and Zions Bancorp. (NYSE: ZION) is down -7.6% at $17.15. Apple Inc. (NASDAQ: AAPL) reports earnings after markets close today. See our coverage here.

Other standouts from today include the following stocks:

BioLineRx Ltd. (NASDAQ: BLRX) is up nearly 79% at $5.88 after posting a new 52-week high today of $6.87. The biopharmaceutical company has signed an exclusive worldwide licensing agreement with a French company to develop and market its hepatitis C drug.

Lee Enterprises Inc. (NYSE: LEE) is up more than 26% at $1.39. The newspaper company has been granted permission to exit bankruptcy protection.

The Bon-Ton Stores Inc. (NASDAQ: BONT) is up nearly 18% at $3.81. The department store operator has hired a new CEO who was previously the CEO at Lord & Taylor, before that chain was acquired by a Canadian company.

InterDigital Inc. (NASDAQ: IDCC) is down nearly -20% at $35.68. The wireless technology developed has shut down its “strategic review” without finding a buyer and will continue to seek additional patent sales and licensing agreements.

Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) is up more than 17% at $10.79. The drug company, which is developing its own hepatitis C drug, is enjoying a halo effect from BioLineRx’s announcement.

Stay tuned for Wednesday. President Barack Obama delivers his state of the union address at 9:00 P.M ET tonight. We have noted the following events on the schedule (all times Eastern):

• 7:00 a.m. – Mortgage Bankers Association purchase applications
• 10:00 a.m. – Federal Housing Finance Agency (FHFA) house price index
• 10:30 a.m. – EIA weekly petroleum status report
• 10:30 a.m. – 5-year Treasury note auction
• 2:15 p.m. – Fed chairman Ben Bernanke press conference

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Paul Ausick

InterDigital Inc. (NASDAQ: IDCC) was down 3.3% today as is, but now the company is getting slashed and burned on news of what many had considered an obvious coming outcome.  The company ended its strategic review process and it did not find a buyer for its deep patent collection.  Now it is going to proceed on its own licensing or selling patents.  Shares are down over 16% at $37.10 in the after-hours against a 52-week range of $34.61 to $82.50.
 
NVIDIA Corporation (NASDAQ: NVDA) was down 3% after the Texas Instruments earnings but now shares are down “only” about 0.6% after closing up 2.7% on the day.

Polycom Inc. (NASDAQ: PLCM) has a history of big hits and bad misses, but tonight’s reaction has shares on the up and up.  After beating earnings handily, Polycom shares are up 9.6% at $20.29 and that is after closing up almost 4% today. 

Texas Instruments Inc. (NYSE: TXN) was down initially due to headlines showing GAAP earnings above estimates but the chip giant is now up over 3% ay $34.25 in the after-hours session against a 52-week range of $24.34 to $36.71.

VMware Inc. (NYSE: VMW) closed down 2.4% at $86.00 today but shares are up 5% at $90.50 on almost 1 million shares after just over an hour after the 4PM closing bell.  The virtualization leader said sales rose 27% to $1.06 billion and it sees revenues of $1.015 billion to $1.04 billion for the first quarter of 2012.  These are being taken as above plan.  The news has the (former) parent company of EMC Corporation (NYSE: EMC) up about 1.8% at $23.87 on over 2 million after-hours shares.

Western Digital Corporation (NYSE: WDC) may have seen earnings drop almost 36%, but the update is proving to be above plan and it claims to be making much more progress in Thai floods.  Shares closed up marginally today and the after-hours reaction has shares up 4.4% at $36.25 versus a 52-week range of $22.64 to $41.87.

Zions Bancorporation (NASDAQ: ZION) posted earnings light at $0.30 versus estimates of $0.33.  Its book value per common shares grew to $25.02 from $24.78 one quarter earlier and shares are down 3% at $17.98 in the after-hours.

JON C. OGG

Agrium Inc. (NYSE: AGU) Raised to Neutral at Goldman Sachs.
Clean Harbors, Inc. (NYSE: CLH) Raised to Overweight at JPMorgan.
ConocoPhillips (NYSE: COP) maintained Buy but cut target to $85 at Argus.
Dendreon Corporation (NASDAQ: DNDN) Cut to Neutral at Roth.
FedEx Corporation (NYSE: FDX) Cut to Neutral at BofA/ML.
Intrepid Potash, Inc. (NYSE: IPI) Cut to Sell at Goldman Sachs.
KBR, Inc. (NYSE: KBR) listed as the value stock of the day at Zacks.
McDermott International (NYSE: MDR) called Bear of the Day at Zacks.
NetSuite Inc. (NYSE: N) Started as Outperform at Credit Suisse.
NII Holdings Inc. (NASDAQ: NIHD) Cut to Equal-Weight at Morgan Stanley.
Oracle Corporation (NASDAQ: ORCL) Raised to Conviction Buy List at Goldman Sachs.
The Mosaic Co. (NYSE: MOS) Raised to Buy at Goldman Sachs.
SuccessFactors, Inc. (NASDAQ: SFSF) Removed from U.S. Focus List at Credit Suisse.
Texas Instruments Inc. (NYSE: TXN) Maintained Buy but target to $35 at Argus.
Valero Energy Corporation (NYSE: VLO) named Bull of the Day at Zacks.
VimpelCom Ltd. (NYSE: VIP) Raised to Overweight at HSBC.
Zions Bancorp. (NASDAQ: ZION) Cut to Underperform at Stern Agee; Maintained Outperform at Credit Suisse.

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Boingo Wireless, Inc. (NASDAQ: WIFI) Started as Outperform at William Blair.
Cabot Oil & Gas Corporation (NYSE: COG) Raised to Outperform as Bull of the Day at Zacks.
Cisco Systems, Inc. (NASDAQ: CSCO) Cut to Underperform at RBC.
Cost Plus, Inc. (NASDAQ: CPWM) called the daily Value Stock at Zacks.
Demand Media, Inc. (NYSE: DMD) Raised to Buy at Goldman Sachs.
DryShips Inc. (NASDAQ: DRYS) Raised to Outperform at Wells Fargo.
Goldman Sachs Group Inc. (NYSE: GS) Started as Underperform at RBC.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) Reiterated Buy with $97 target at Canaccord Genuity.
JDS Uniphase Corporation (NASDAQ: JDSU) called Bear of the Day at Zacks.
Juniper Networks, Inc. (NYSE: JNPR) Cut to Sector Perform at RBC.
MEMC Electronic Materials Inc. (NYSE: WFR) Raised to Neutral at Goldman Sachs.
Morgan Stanley (NYSE: MS) Started as Underperform at RBC.
SunPower Corporation (NASDAQ: SPWRA) Cut to Sell at Goldman Sachs.
WABCO Holdings Inc. (NYSE: WBC) Started as Outperform at Credit Suisse.
Wendy’s/Arby’s Group, Inc. (NYSE: WEN) Raised to Buy at UBS.
Yum! Brands Inc. (NYSE: YUM) Reiterated Buy with $62 target at Argus.
Zions Bancorporation (NASDAQ: ZION) Raised to Outperform at KBW.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Seagate Technology PLC (NASDAQ: STX) is up 2.3% premarket on heavy volume to $18.26, relative to a 52-week range of $9.84-$20.90, relative to a 52-week range of $9.84-$20.90. The company recently issued favorable revenue, and announced a partnership with Samsung.

Texas Instruments (NYSE: TXN) is down 1.8% before market open to $34.17, relative to a 52-week range of $22.65-$36.71.

Zions Bancorporation (NASDAQ: ZION) is up 6.97% premarket to $24.56, relative to a 52-week range of $17.91-$30.29. The company announced Q1 profits.

Apple Inc. (NASDAQ: AAPL) Maintained Outperform at Credit Suisse; maintained Buy at Argus.
AT&T Inc. (NYSE: T) Reiterated Buy at Argus.
Canadian Pacific Railway Limited (NYSE: CP) Cut to Underperform at BofA/ML.
CSX Corp. (NYSE: CSX) Raised to Overweight at Barclays.
General Electric Co. (NYSE: GE) Reiterated Buy at Argus.
Jones Lang LaSalle (NYSE: JLL) Raised to Outperform as Bull of the Day at Zacks.
Netflix, Inc. (NASDAQ: NFLX) Raised to Outperform with $280 target at Credit Suisse.
Nordstrom Inc. (NYSE: JWN) Raised to Buy with $49 target at Goldman Sachs.
Research-in-Motion Ltd. (NASDAQ: RIMM) Maintained Outperform ahead of earnings at Credit Suisse.
SanDisk Corporation (NASDAQ: SNDK) Maintained Buy at Gleacher & Co.
United Continental Holdings (NYSE: UAL) Maintained Buy but cut estimates/target at Soleil.
Universal Technical Institute (NYSE: UTI) maintained Underperform as Bear of the Day at Zacks.
VMware Inc. (NYSE: VMW) Raised to Buy at BofA/ML.
Zions Bancorporation (NASDAQ: ZION) Raised to Outperform at Credit Suisse.

You can join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more. 

JON C. OGG

Atheros Communications Inc. (NASDAQ: ATHR) beat expectations on the surface, but the drop here appears to be tied to weaker PC-related revenues.  There have been under 100,000 shares traded so far, but the stock is trading down 6.75% at $28.40 versus a 52-week range of $21.77 to $43.90 and a close yesterday of $30.46.

Cirrus Logic Inc. (NASDAQ: CRUS) is lower after a 118% gain in revenue to $81.9 million slightly beat Thomson Reuters estimates; Revenue guidance was put at $98 to $106 million, above estimates of $86+ million.  As this is a seller of chips for iPad and iPhone, this wasn’t good enough.  Shares are down 5.7% at $16.48 on over 350,000 shares.  The 52-week range is $4.44 to $18.85.

Goldman Sachs Group Inc. (NYSE: GS) is trading lower by 3% at $141.20 on about 1 million shares after the investment banking giant posted lower income.  Keep in mind that there is already talk that the earnings may have been sand-bagged.

International Business Machines Corp. (NYSE: IBM) was light on the top-line and its raised guidance for 2010 was slightly under consensus.  Shares are down almost 5% at $123.80 on almost 100,000 shares.

MGIC Investment Corporation (NYSE: MTG) is up this morning after a surprise profit after what may have been 3 years worth of losses.  Shares are trading up almost 5% at $8.20 on over 300,000 shares.  Its 52-week range is $3.72 – $13.80.

Nokia Corporation (NYSE: NOK) must really need a new CEO to lead the company after all of its troubles.  Rumors and reports of a new CEO search have shares up 2.5% at $9.04 on almost 700,000 shares.

SandRidge Energy, Inc. (NYSE: SD) is showing an unexpected rop for a day-two indication now that it has closed on its Arena Resources buyout.  While on thin volume, we show shares down 2% at $6.30 in the pre-market trading.

Texas Instruments Inc. (NYSE: TXN) is getting slapped after meeting expectations.  Shares are down 5.7% at $24.10 on about 140,000 shares.

Tupperware Brands Corporation (NYSE: TUP) is getting hit hard after its Q2 earnings miss.  Shares are down 11.25% at $38.40 on only about 25,000 shares.  Traders may want to watch shares of Newell Rubbermaid Inc. (NYSE: NWL) for any downward sympathy, although no shares of Newell have yet traded this morning.

Zions Bancorp. (NASDAQ: ZION) is getting clipped after an unexpected wider loss.  Shares are down 8.4% at $19.62 on about 200,000 shares.

JON C. OGG

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

Among the most tweeted stocks on StockTwits MACRO, USD, Nvidia(NASDAQ: NVDA), Zion Bancorporation (NASDAQ: ZION), Las Vegas Sands (NASDAQ: LVS)FT: BP shares fall amid fresh spill fears: BP’s shares have fallen as much as 5 per cent amid fears that some of the c… http://bit.ly/9z2vIc

CNN Money: Boeing wins $9.1 billion order from Emirates http://bit.ly/bjJIz0

Yahoo! Finance: Healthscope recommends $1.72 billion takeover offer from Carlyle and TPG Capital http://yhoo.it/9bduZP

DailyFinance: Google to Stop Selling Nexus One Smartphone http://bit.ly/aze6Zz

DailyFinance: China Now World’s Top Energy Consumer, Displacing U.S. http://bit.ly/cr0RSZ

Daily Finance: Moody’s Downgrades Ireland’s Credit Rating http://bit.ly/cx68U0

Douglas A. McIntyre

Cerner Corp. (NASDAQ: CERN) Raised to Overweight at JPMorgan.
Citigroup, Inc. (NYSE: C) Raised to Outperform at Oppenheimer.
DreamWorks Animation SKG Inc. (NASDAQ: DWA) Cut to Market Perform at FBR.
J. Crew Group, Inc. (NYSE: JCG) Cut to Market Perform at BMO.
The Home Depot, Inc. (NYSE: D) Raised to Buy at Longbow.
Lowe’s Companies Inc. (NYSE: LOW) Raised to Buy at Longbow.
Meru Networks, Inc. (NASDAQ: MERU) Raised to Outperform at Baird.
NVIDIA Corporation (NASDAQ: NVDA) Raised to Outperform at FBR.
Salary.com, Inc. (NASDAQ: SLRY) Cut to Market-Weight at Thomas Weisel.
Transocean Ltd. (NYSE: RIG) Raised to Outperform at Macquarie.
Waddell & Reed Financial (NYSE: WDR) Cut to Market Perform at FBR.
Zions Bancorp (NASDAQ: ZION) Raised to Outperform at Morgan Keegan.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

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