Boston, MA 03/25/2014 (wallstreetpr) – FutureFuel Corp. (NYSE:FF) was down marginally on Monday. The company had been listed among winners last week after it posted its fourth quarter results. The company has conveniently beaten the estimates of the analyst in the fourth quarter as it reported its earnings per share at 61 cents, which is 38 cents higher from the collective market estimates. At the same time, its revenue came in $50.45 million above the analyst consensus at $125.6 million, that is, 68.4% higher year-over-year. In the reported quarter, the biofuels maker posted a whopping growth of 330% year-over-year on its fourth quarter net income to $26.5 million, driven by the robust progress in its chemical and biodiesel business. The company’s President Lee Mikles affirmed FutureFuel Corp. (NYSE:FF)’s strategy to grow organically and through more takeovers.
It appears that the First Republic Bank (NYSE:FRC) is not getting as much benefit as expected from the recent price target revision from the research firm, BMO capital. The bank’s target was revised to $58 by the analyst at the research firm, while its rating was changed to ‘market perform’. The reason for the upward revision of the rating and the price target lies in the benefit attached to the 100 basis points increase in the interest rate.
PNC Financial Services Group Inc (NYSE:PNC) ended in green previous day, reflecting a general upbeat in the banking sector as all of the banks pass through the much-awaited fed stress test, except for Zion Bancorp. Even the news of higher rates to come sooner than expected have not impacted the positive sentiments of the investors about the banks. The PNC group posted its test result that came in at 8.6% for common equity Tier 1. Moreover, yesterday the group’s affiliate PNC Bank, N.A. has awarded a cross-border payment service provider, Earthport PLC, with payments contract.