Month: October 2012

Exelon Corporation (EXC) maintained its quarterly dividend of 52.5 cents per share. The dividend is payable on December 10, 2012, to shareholders of record of on November 15, 2012.

President Obama used his closing argument in Monday’s debate to say that Mitt Romney’s foreign policy would be wrong and reckless. Romney said he would provide better leadership than the President.

SunTrust Banks (STI) announced that profit for the third quarter soared, mainly due to its sales of Coca-Cola (KO) shares. The company reported a profit of $1.1 billion, or $1.98 per share, up from a profit of $211 million, or 39 cents per share, in the same period last year.

Peabody Energy Corporation (BTU) announced that it earned 51 cents per share during the third quarter, beating estimates fo 34 cents. Earnings, were lower than last year’s 90 cents per share, due to higher interest, amortization, depreciation, and depletion expenses.

The Daily Ticker’s Aaron Task interviews Bloomberg Markets Reporter Stephanie Armour

Shares are slipping again today following more mixed corporate earnings and uncertainty ahead of the presidential election. At 2 pm, the Dow was down .68%, the S&P was down .56% and the Nasdaq was fractionally lower by .13%.

Northwest Bancorp (NWBI) announced that it earned $15.7 million during the third quarter, 6 percent lower than the same period last year. Earnings per share were 17 cents.

Beam (BEAM) was upgraded by Morgan Stanley (MS) to overweight with a price target of $64 as the recent drop in the stock price has given investors a buying opportunity. Shares are higher by about 1.1 percent.

In trading on Monday, metals & mining shares were relative leaders, up on the day by about 4.1%. Leading the group were shares of Prospect Global Resources (PGRX), up about 27.4% and shares of L&L Energy (LLEN) up about 13.8% on the day.

In trading on Monday, shipping shares were relative laggards, down on the day by about 1.2%. Helping drag down the group were shares of Frontline Limited (FRO), down about 5.6% and shares of Genco Shipping & Trading Limited (GNK) down about 4.5% on the day.