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5 States With Rising Taxes

The buzz in the nation s capital is about cutting taxes but talk in many state capitals is focused on raising taxes to fund projects and close budget gaps We found five states where taxes are going up in 2017 The buzz in the nation s capital is about cutting taxes but talk in...
Posted On 25 Jan 2017

European ADRs Edge Higher as Banking Gains Offset Contractions from Miners, Telecom Stocks

American depository receipts of European stocks were 0 9 higher at 123 68 on the Bank of New York Mellon Europe ADR Index on Wednesday morning American depository receipts of European stocks were 0 9 higher at 123 68 on the Bank of New York Mellon Europe ADR Index on Wednesday...
Posted On 25 Jan 2017

Huntington (HBAN) Beats on Q4 Earnings; Revenue Up Y/Y

Huntington Bancshares Incorporated HBAN reported a positive earnings surprise of 9 1 in fourth quarter 2016 Earnings per share of 24 cents outpaced the Zacks Consensus Estimate by 2 cents Moreover the figure was higher than the prior year quarter adjusted earnings of 22 cents The...
Posted On 25 Jan 2017

Ensco (ESV) Defers Delivery of Newbuild Drillship by 2 Years

According to recent reports Ensco plc ESV has inked an agreement with Samsung Heavy Industries to yet again defer the delivery of a newbuild drillship by two years Per Ensco a payment of 75 million of the 309 million unpaid balance of the purchase price for the drillship has been...
Posted On 25 Jan 2017

American Express: Signs of Life Amidst the Costco Rubble

Image source American Express Company This won t exactly be a newsflash to investors paying even half attention but the American Express Company NYSE AXP has struggled mightily the past two years In January 2015 the stock traded as high as 94 Two years later and Source
Posted On 25 Jan 2017

Will UBS Group AG (UBS) Stock Rally Post Q4 Earnings?

UBS Group AG UBS is scheduled to report fourth quarter 2016 results on Jan 27 The Swiss banking giant s third quarter 2016 net profit attributable to shareholders had slumped 60 year over year The decline primarily reflected a net tax benefit recorded in the prior year quarter...
Posted On 25 Jan 2017

Freeport (FCX) Q4 Earnings Miss Estimates, Revenues Beat

Freeport McMoRan Inc FCX reported net income attributable to common stock of 21 cents per share for fourth quarter 2016 as against the year ago loss of 3 47 per share Net income for the reported quarter includes net charges of 59 million or 4 cents per share mainly reflecting Source
Posted On 25 Jan 2017

Progressives (PGR) Q4 Earnings Beat, Premiums Increase

Progressive Corp s PGR fourth quarter 2016 operating earnings per share of 64 cents surpassed the Zacks Consensus Estimate by 25 5 Earnings improved nearly 19 year over year Including net realized losses net income per share was 66 cents up about 18 year over year Source
Posted On 25 Jan 2017

Amphenol (APH) Beats on Q4 Earnings, 2017 View Bullish

Despite a challenging macroeconomic environment diversified electronics manufacturer Amphenol Corporation APH reported strong fourth quarter 2016 results with healthy year over year increases in both earnings and revenues GAAP earnings for the reported quarter were 75 cents per...
Posted On 25 Jan 2017

United Technologies (UTX) Q4 Earnings Match, Affirms View

United Technologies Corporation UTX reported fourth quarter 2016 adjusted earnings from continuing operations of 1 56 per share in line with the Zacks Consensus Estimate GAAP earnings from continuing operations were 1 26 per share as against a loss of 30 cents in the year ago Source
Posted On 25 Jan 2017