Items Tagged with 'RBC Capital Markets'


  • Ellie Mae explodes; stock closes at record high

    It’s a good time to be an Ellie Mae shareholder
    After turning in another stellar quarter that saw the company’s first-quarter revenue rise 68% over 2014, Ellie Mae rode a wave of positivity to new heights on Friday, closing at a record high. So why is everyone crazy about Ellie Mae?
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  • Is Ellie Mae headed for another record year?

    Stock up 46% in 2015; predicted to continue rising
    It’s all coming up roses for mortgage software solution provider Ellie Mae right now, and the good times don’t appear to be ending any time soon, according to a new report from RBC Capital Markets.
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  • Bank Failures Could Reach 1,000: RBC Analyst

    In 2008, RBC Capital Markets' analyst Gerard Cassidy forecast 200 to 300 bank failures, and we thought that was devastating -- until now. Cassidy said Monday the economic environment has further deteriorated and more than 1,000 banks may go under during the next three to five years, as loan losses rise. “There are billions of dollars of losses embedded in the system, and the system has to flush them out,” Cassidy said, according to Bloomberg.
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  • PNC Posts $248 Million Q4 Loss, Amid National City Acquisition

    PNC Financial Services Group, Inc. [stock PNC][/stock] reported Tuesday morning a loss of $248 million, or $.77 per diluted share, for the fourth quarter of 2008 -- driven by costs tied to its takeover of ailed Cleveland-based National City Corp. -- compared with a net income of $178 million in the fourth quarter of 2007, or $.52 per diluted share.
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  • In The Crosshairs: Thornburg Mortgage

    Positive confusion: Trading in shares of ultra-jumbo specialist Thornburg Mortgage were briefly halted this morning, after the company put out a press release announcing that it would offer convertible shares but did not provide a price.
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