» » Stock Market News Briefs: Alcoa Inc., Bank Of America Corporation, Citigroup Inc., Credit Suisse Group, Goldman Sachs Group, Inc. (The), Hewlett-Packard Company, Reynolds American Inc, Sony Corporation, Wells Fargo & Company, Microsoft Corporation, Sun Healthcare Group, Inc.
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Stock Market News Briefs: Alcoa Inc., Bank Of America Corporation, Citigroup Inc., Credit Suisse Group, Goldman Sachs Group, Inc. (The), Hewlett-Packard Company, Reynolds American Inc, Sony Corporation, Wells Fargo & Company, Microsoft Corporation, Sun Healthcare Group, Inc.

By Zacks Investment Research on | More Posts By | Zacks.com

  •  General Motors’ CEO Whitacre promised the company’s first year of profitability in 2010 following five years of losses

  •  Microsoft’s (NASDAQ:MSFT) CEO Ballmer’s opening address in Las Vegas focused on the company’s touch-tablet from Hewlett-Packard (NYSE:HPQ), planned for introduction this year

  •  Sony (NYSE:SNE) says the US holiday season was better than anticipated, on increased demand for flat-screen televisions, electronic readers and Blu-ray video players

  •  Sun Healthcare (NASDAQ:SUNH) said it sees 2010 earnings of 92 cents to 98 cents per share on revenues of $1.93 billion to $1.954 billion

  •  Wells Fargo (NYSE:WFC) sees “modestly improved revenue performance and slightly lower costs” at US large-cap regional banks, resulting in pre-provision net sales growth of about 5% from the previous quarter, with credit costs falling about 4%

  •  Credit Suisse (NYSE:CS) upgraded Bank of America (NYSE:BAC) to “outperform” raising the price target to $21 from $17

  •  Citigroup (NYSE:C) downgraded Alcoa (NYSE:AA) to “hold,” maintaining a $17 price target. Goldman Sachs (NYSE:GS) yesterday forecasted strong fourth quarter results likely to be revealed in next week’s interim report

  •  Goldman Sachs (NYSE:GS) downgraded Reynolds America (NYSE:RAI) to “sell,” with a price target of $53

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