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Los Angelas, CA -- (SBWIRE) -- 10/18/2012 -- Piper Jaffray (NYSE:PJC) absolutely killed analysts estimates this quarter would still be doing the company an injustice. Piper Jaffray Com reported EPS of -6.794. For the Current Fiscal year, the company is expected to report EPS of 1.37. For the Next Quarter and Next Year, the company is expected to report EPS of 0.59 and 2.17 respectively. At Current Market Price, PJC is in distance of +9.79% from its 50-day Moving Average price of $25.9229 and +21.00% from its 200-day Moving Average price of $23.5214. Shares of investment brokerage Piper Jaffray (NYSE:PJC) jumped as much as 11% earlier in the trading session following the release of its third-quarter earnings results. For the quarter, Piper Jaffray reported $1.11 in EPS considering both continuing and discontinued operations, with net revenue of $133 million. The consensus estimates from Wall Street had called for a mere $0.31 profit on $105.6 million in net revenue. Leading the beat-down on analyst's results was a huge rise in equity financing and fixed-income business, as well as a modest rise in its global asset management services. Piper Jaffray also announced it was exiting the Hong Kong capital markets business during the recently ended quarter.
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Shares of MGIC Investment C (NYSE:MTG) are trading at $2.10 and is +31.93% from its 50-day Moving Average price of $1.5917 and -11.19% from its 200-day Moving Average price of $2.3645. The average trading volume is 6615770 shares and its market capitalization is $424.3M. MGIC Investment Corp.(NYSE:MTG) stock jumped 20.69% to $2.10. On Oct. 15, 2012, Standard & Poor’s Rating Services raised its long-term issuer credit ratings on MGIC Investment Corp. (MTG) to ‘CCC+’ from ‘CCC’. The financial strength ratings for MTG’s operating companies are unchanged. The outlook on MTG is negative.
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Pinnacle Financia (NasdaqNM:PNFP) reported EPS of 1.327. For the Current Fiscal year, the company is expected to report EPS of 1.05. For the Next Quarter and Next Year, the company is expected to report EPS of 0.30 and 1.25 respectively. At Current Market Price, PNFP is in distance of +3.21% from its 50-day Moving Average price of $19.5917 and +8.63% from its 200-day Moving Average price of $18.613. Shares of regional bank Pinnacle Financial Partners (Nasdaq: PNFP ) , the parent company of Pinnacle National Bank, rose as much as 12% after reporting better-than-expected third-quarter results.
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Shares of M&T Bank Corporat (NYSE:MTB) are trading at $103.07 and is +9.39% from its 50-day Moving Average price of $94.2243 and +18.88% from its 200-day Moving Average price of $86.6975. The average trading volume is 824703 shares and its market capitalization is $13.058B. M&T Bank Corporation(NYSE:MTB) stock gained 5.83% to $103.07 in the last trading session after the company reported a third quarter profit of $293.5 million, or $2.17 a share, as compared with $183.1 million, or $1.32 a share, for the same period last year. Analysts most-recently projected earnings of $1.85 a share. Net interest income rose 7.5% to $662.7 million, while total other income increased 21% to $445.7 million. Mortgage-banking revenue surged to $106.8 million from $38.1 million. Trust income was up 1.8% to $115.7 million.
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