All Articles Tagged "forecast"
The Banks Buyers To Watch
(Forbes) — The wedding stories in the banking sector haven’t been typical over the past few years, with an inordinate number of the shotgun and arranged variety, as firms either on the brink of failing or already belly up were acquired by their more surefooted rivals. Even though the FDIC has tallied another 85 bank failures so far in 2010, Keefe, Bruyette & Woods expects consolidation in the sector to keep humming even after the industry shakes off the crisis fallout.
Where the Economy Is Headed
(Kiplinger) – Since the U.S. economy pulled out of a tailspin a year ago, upward propulsion has been modest, with tentative employment growth. Now, with Europe teetering on the edge of a financial abyss, worries about contagion are driving down stock prices and sending investors scurrying to U.S. Treasuries. Rumblings about the prospect of a double-dip recession are resurfacing.
BofA Profit, Revenue Soar Past Forecasts
(CNBC.com) — Bank of America more than tripled earnings expectations Friday, thanks to strength in its capital markets business, pushing shares up in before-hours trading.
BofA [BAC 19.48 
0.08 (+0.41%)] reported a profit of 28 cents a share for the first quarter, down from 44 cents a share in the same quarter a year ago, but well ahead of the 9 cents a share analysts surveyed by ThomsonReuters predicted.
Rite Aid Loss, Forecast Worse Than Expected
(CNBC/Reuters) — Rite Aid posted a worse-than-expected quarterly loss on weak sales from a mild winter cold and flu season, and lower profits on generic drugs and reimbursement rates.
Rite Aid Loss, Forecast Worse Than Expected
(CNBC/Reuters) — Rite Aid posted a worse-than-expected quarterly loss on weak sales from a mild winter cold and flu season, and lower profits on generic drugs and reimbursement rates.
