Diversified Financial

Ocwen Financial Corp (OCN) Tumbles 23%

October 19, 2015 at 12:11 pm

Ocwen Financial Corp (NYSE:OCN) tumbled to a new 2-year low after the company confirmed that its executive chairman, William Erbey, will resign as part of a legal settlement with New York’s financial regulator. Shares are down 22.97% at $16.87, and earlier touched $16.71 – its lowest since April 2012. Erbey is expectedRead More

Why is Amdocs Limited (DOX) a Top Analyst Pick?

December 22, 2014 at 8:05 am

Several top analysts over the past month have either upgraded or reiterated their buy rating on Amdocs Limited (NASDAQ:DOX), a leading provider of billing and customer care (BCC) solutions to large telecommunications carriers. Analysts with Goldman Sachs upgraded the stock to a Buy, seeing a 21% upside potential to theRead More

Westamerica Bancorp Q2 Earnings Drop vs Year Ago

July 15, 2014 at 1:40 pm

Westamerica Bancorporation (WABC), parent company of Westamerica Bank, posted earnings for Q2 ended June 30, 2014 in line with Street expectations. The company reported Q2 net income of $15.2 million and diluted earnings per common share of $0.58, compared with the prior-year period’s net income of $17.1 million and EPSRead More

China Biologic Shares Retreat After Announcing Proposed Public Offering of Common Stock

June 18, 2014 at 5:47 am

China Biologic Products (CBPO) shares fell in late trading after the biopharmaceutical company said it plans to sell shares of its common stock in a public offering. Shares of the Beijing-based company were down 2.2% at $46.48. The stock has rallied 65% so far this year. The company said it plansRead More

Bank of America Corp(NYSE:BAC) Admits Data Error

June 3, 2014 at 1:35 pm

Bank of America Corp(NYSE:BAC) said that it sent incorrect data to the Financial Industry Regulatory Authority which made its private stock trading platform look bigger than it actually is in reality, according to Bloomberg, citing a spokesman for the bank. The firm sent a correction to Finra and expects the adjustmentRead More

McGraw Hill Financial First Look at First-Quarter Results

McGraw Hill Financial First Look at First-Quarter Results

May 1, 2014 at 9:37 am

This morning, McGraw Hill Financial reported solid first-quarter results, and reiterated its guidance for 2014. Adjusted EPS of $0.89 were $0.01 higher than the consensus and $0.05 higher than our estimate. Organic revenue increased 6%, to $1.24 billion, which was $22 billion above our estimate and roughly in line withRead More