B of A-Merrill analysts who previously rated the stockneutral raised their second-quarter earnings estimate
B of A-Merrill analysts, who previously rated the stock”neutral,” raised their second-quarter earnings estimate to$3.90 a share from $2.92, to reflect significantly bettertrading, principal gains and investment banking revenue U.S. commercial banks reported record trading revenue inthe first quarter of 2009, benefiting from wide trading marginsand gains from interest rate products, according to the Officeof the Comptroller of the Currency. Trading conditions for Goldman in the current quarterappears to have been a continuation of that seen during thefirst quarter, B of A-Merrill analysts said. “Buoyed by stable volumes as spreads tightened, fixedincome markets continued to see wide bid/ask spreads on mutedcompetition,” the analysts said.
Second quarter could also be a record quarter for Goldmanin terms of equity underwriting, the analysts said. The second quarter saw a revival in global equityunderwriting volume as firms raced to recapitalize while marketconditions were favorable, the analysts said. They raised their earnings estimates for Goldman to $16.30a share from $14.06 for 2009, and to $19.78 from $17.63 for2010 on expectations of better trading revenue. B of A-Merrill analysts are the latest in a long line ofsecurities analysts to raise their second-quarter earningsoutlook for Goldman. Analysts at FBR Capital Markets in June raised theirsecond-quarter forecast for Goldman citing likely gains from afavorable trading and capital markets environment.(Reporting by Tenzin Pema in Bangalore, Editing by DineshNair) Stocks Bonds Funds News ETFs News. NASHUA, N.H.–(Business Wire)–iCAD, Inc. (NASDAQ: ICAD), an industry-leading provider of advanced imageanalysis and workflow solutions for the early identification of cancer, todayannounced that the Company will release financial results for the second quarterand six months ended June 30, 2009, following the close of the market onWednesday, July 29, 2009.
Ken Ferry, President and Chief Executive Officer, and Darlene Deptula-Hicks,Executive Vice President and Chief Financial Officer, will host a conferencecall for investors beginning at 10:00 a.m. Eastern Time on Thursday, July 30,2009 to discuss second quarter and six months 2009 financial results and toanswer questions. Shareholders and other interested parties may participate in the conference callby dialing 866-783-2140 (domestic) or 857-350-1599 (international) and enteringpasscode 34348388 a few minutes before 10:00 a.m. ET on Thursday, July 30, 2009.The call will also be broadcast live on the Internet at , and A replay of the conference call will be accessible two hours after itscompletion through August 6, 2009 by dialing 888-286-8010 (domestic) or617-801-6888 (international) and entering passcode93391916. The call will alsobe archived for 90 days at , and About iCAD, Inc.iCAD, Inc.