CIT Group Beats, Profit Soars

CIT Group Inc.’s (NYSE:CIT) second quarter earnings came in at 71 cents per share, substantially ahead of the Zacks Consensus Estimate of 30 cents. This also compares very favorably with prior quart...

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Tax Code Goof: BP’s $10B Credit For Gulf Oil Spill Loss

There is no shortage of news from BP on Tuesday: The major reported its first quarterly loss–$17.15 billion̵...

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Disappointing U.S. Macro Data Hit Markets Yesterday Plenty of important macro data from the U.S. was published yesterday. Investors were disappointed by the figures and responded mainly by moving away...

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Mutual Funds: Top 5 JP Morgan Funds

With more than $1.2 trillion worth of assets under management, JPMorgan is renowned as one of the world’s leading financial management companies. The company is also the fourth-largest mutual fund f...

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There is no shortage of news from BP on Tuesday: The oil major reported its first quarterly loss–$17.15 billion–in eighteen years, and will sell about $30 billion in assets.  The...

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Federated To Buy Assets

Last Friday, Federated Investors Inc. (NYSE:FII) announced that it has reached an agreement to acquire $17 billion in Money Market Assets from SunTrust Banks Inc. (NYSE:STI). Currently, the assets are...

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Agnico To Acquire Gold Assets

Canadian producer Agnico-Eagle Mines Ltd. (NYSE:AEM) has recently announced the completion of an agreement with Comaplex Min...

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Stock Buy: Danvers Bancorp

Danvers Bancorp, Inc (NASDAQ:DNBK) is surging following the most recent earnings surprise. Analysts quickly raised estimates, driving growth rates even higher. Company Description Danvers is a holding...

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BNY Mellon Reports In Line

The Bank of New York Mellon Corp’s (NYSE:BK) second-quarter earnings from continuing operations of 55 cents per share was in line with the Zacks Consensus Estimate. This also compares favorably...

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RSO Makes Focused 2Q Investments

Resource Capital Corp. (NYSE:RSO), a real estate investment trust (REIT) that invests in commercial real estate debt and other commercial finance assets, has recently debriefed investors about details...

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