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Trading at Noon: Banks beat Wall Street estimates

Thursday, April 19, 2012 - 02:58

April 19 - Bank of America, Morgan Stanley beat estimates; Eying E-Trade Financial, Sandisk & Microsoft.

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I had must be walking around with a smile on his space today after Bank of America posted a better than expected first quarter profit. And Sox credit losses declined dramatically the five year lows. Shares rose close to 2% in early trade slightly right now. The bank's stock is up 60% so far this year more than recovering all of last year's losses. And stocks are heading higher still according to hill Townsend CEO Gary Townsend. This is an improving the environment I think we ought to recognize and the the devaluations. Are. Really near historical lows even where. The Lou the rising. Of stock prices in the past three and four months. Shares of market stand right now up better than 2% after its earnings beat bank's trading revenues -- and wealth management and proof in the first quarter. Sticking -- earnings nearly 80% of the S&P 500 companies that are reported results have beaten estimates that include. That's Verizon which posted earnings slightly ahead of estimates is customers spent more on their wireless plans. Southwest Airlines on narrow loss LB history. At New York Times reported flat first quarter investors now turning their attention to E*Trade financial and this and Microsoft. Start on analysts are not expecting to surprise from the tech giant's earnings per share are expected to clocked in at 57 cents. US stocks today just slightly higher trying to recover from some weak economic data out this morning -- earnings keeping the NASDAQ afloat. Stocks fell early on after sales of existing US homes -- it two point 6% decline in March. Right now on the S&P 500 at the top sector is the telecoms services group up and an 8%. Crude prices slipping today gold prices are op Ed bond prices -- edged up after bearish economic data. Now for some stocks to watch -- go to Rutgers markets correspondent Rodrigo Campos. Human -- cents shares more than doubled in early trading this morning after the company rejected takeover bid from the actual Smithkline. -- value the company at thirteen dollars -- and they're treating it now more than fourteen which means investors agree that the companies would more than the offer. Human -- hired Goldman Sachs and Credit Suisse. To exploit targets including selling the company and Glaxo will be invited to be part of that process. Also on our radar today shares of -- energy up -- an 8% from refiners scrap of poison pill. That have prevented Carl -- from taking over the company. To me shares bagging some big gains today on higher and luggage maker that you -- York stock exchange. I -- it's sacred to me. Shares priced at eighteen dollars about the intended range of fifteen to seventeen dollars the stock now up over 50%. -- That's all for trading it in I'm Rhonda schaffler this is writers.

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Trading at Noon: Banks beat Wall Street estimates

Thursday, April 19, 2012 - 02:58