ADP Upside Surprise Leads to Increased Non-Farm Payrolls Estimates

ADP Upside Surprise Leads to Increased Non-Farm Payrolls Estimates

The 246,000 January ADP rise signaled upside risk to the 170,000 private payroll consensus and the 175,000 estimate for total payroll increase, following a trimming in the December ADP rise to 151,000 from 153,000 that narrowed the gap to the 144,000 private payroll increase in that month. Analysts with Action Economics are looking for a 175,000 private payroll bump for January and a 190,000 total NFP increase. The ADP report […]

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Bonds Quietly Lower Ahead of Data

Bonds Quietly Lower Ahead of Data

U.S. Treasuries were little changed Monday, with prices backing lower pushing yields from overnight lows, in tandem with the action in European bonds. European bonds were underperforming, however, with Greece and Italy leading losses. Reports pointed to a rise in some state German inflation data and news that Greece hasn’t won a bailout review approval from its creditors. Italy’s UniCredit SpA fell more than 5% after the country’s biggest bank […]

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Hill-Rom Meets Fiscal Q1 EPS Street View

Hill-Rom Meets Fiscal Q1 EPS Street View

Hill-Rom Holdings Friday reported fiscal Q1 ended Dec. 31 adjusted EPS in line with Street views, but slightly missed on sales, and provided initial adjusted EPS fiscal Q2 guidance of $0.77 to $0.79 a share, while reaffirming its full-year outlook. Hill-Rom, a medical products and technology company, reported fiscal Q1 adjusted EPS in the quarter ended Dec. 31 of $0.75, exactly in line with Street views, and above the $0.68 […]

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Oil Prices Rebound Ahead of Rig Count Data

Oil Prices Rebound Ahead of Rig Count Data

West Texas Intermediate crude oil futures for delivery in March were 0.6% higher at $53.07 per barrel during Thursday’s pre-market trading session while Brent crude futures for delivery in the same month were up by 0.8% at $55.53 per barrel. The pre-bell price gains mark rebounds from Wednesday’s drops and come despite the greenback gathering strength and government data showing an increase in US stockpiles last week. West Texas Intermediate […]

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Prosperity Bancshares Q4 Earnings Exceeds Expectations

Prosperity Bancshares Q4 Earnings Exceeds Expectations

Prosperity Bancshares Wednesday reported Q4 diluted earnings of $0.99 per share, down from last year’s $1.01 but still exceeded the Capital IQ consensus of $0.97. Revenues, or the total of net interest income and non-interest income, was $183.3 million, just below the $184.8 million consensus compiled by Capital IQ. Looking ahead, CEO David Zalman said: “We are excited going into 2017. We believe that the Texas and Oklahoma economies are […]

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