Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
On this day 32 years ago, Kidder, Peabody & Co. paid a $25.3-million fine for insider trading.
Where The Market Was
The Dow closed at 2,337.08. The S&P 500 traded at around 295.09. Today, the Dow is trading at 24,635.21 and the S&P 500 is trading at 2,734.62.
What Else Was Going On In The World?
In 1987, the popular sitcom “Full House” debuted on ABC. U.S. President Ronald Reagan famously urged Soviet Union leader Mikhail Gorbachev to “tear down this wall” during a speech in West Berlin. A dozen eggs cost 65 cents.
Insider Trading Crackdown
Kidder, Peabody & Co. was a securities firm that was founded in Massachusetts in 1865. General Electric Company (NYSE: GE) acquired Kidder in 1986, and almost immediately the company was slammed by several insider trading scandals.
Former executive Martin Siegel admitted to making trades based on inside information and implicated chief arbitrageur Richard Wigton of doing the same.
United States Attorney for the Southern District of New York Rudy Giuliani threatened to indict GE, prompting the company to conduct its own internal investigation. As a result of the investigation, GE fired three senior Kidder executives.
Top Dividend Stocks To Invest In Right Now: Guaranty Bancorp(GBNK)
Guaranty Bancorp (the “Company”) is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”) and headquartered in Colorado. The Company’s principal business is to serve as a holding company for our bank subsidiary, Guaranty Bank and Trust Company referred to as “Guaranty Bank” or “Bank”.
References to the “Company”, “us”, “we” and “our” refer to Guaranty Bancorp on a consolidated basis. References to “Guaranty Bancorp” or to the “holding company” refer to the parent company on a stand-alone basis.
At December 31, 2015, we had total assets of $2.4 billion, net loans of $1.8 billion, deposits of $1.8 billion and stockholders’ equity of $221.6 million, and we operated 26 branches and two investment management firms in Colorado through our bank subsidiary, Guaranty Bank. Advisors’ Opinion:
- [By Ethan Ryder]
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- [By Shane Hupp]
Guaranty Bancorp (NASDAQ:GBNK) and County Bancorp (NASDAQ:ICBK) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, earnings, valuation, analyst recommendations, dividends, risk and institutional ownership.
- [By Ethan Ryder]
Guaranty Bancorp (NASDAQ:GBNK) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $34.63.
Top Dividend Stocks To Invest In Right Now: Natera, Inc.(NTRA)
Natera, Inc., a diagnostics company, provides preconception and prenatal genetic testing services. It primarily offers Panorama, a non-invasive prenatal test that screens for chromosomal abnormalities of a fetus typically with a blood draw from the mother; Horizon carrier screening to determine carrier status for various genetic diseases that could be passed on to the carriers children; and Spectrum pre-implantation genetic screening and Spectrum pre-implantation genetic diagnosis to analyze chromosomal anomalies or inherited genetic conditions during an in vitro fertilization cycle. The company also provides products of conception testing under the Anora brand to analyze fetal chromosomes to understand the cause of miscarriage; non-invasive paternity testing products to determine paternity by analyzing the fragments of fetal deoxyribonucleic acid in a pregnant mother’s blood and a blood sample from the alleged father. In addition, it offers Constellation, a cloud-based software product that allows laboratory customers to gain access through the cloud to the companys algorithms and bioinformatics in order to validate and launch tests. The company offers products through its direct sales force, as well as through a network of approximately 70 laboratory and distribution partners in the United States and internationally. The company was formerly known as Gene Security Network, Inc. and changed its name to Natera, Inc. in 2012. Natera, Inc. was founded in 2003 and is headquartered in San Carlos, California.
- [By Maxx Chatsko]
Shares of Natera (NASDAQ:NTRA) jumped nearly 25% today after the company announced fourth-quarter and full-year 2018 operating results. The business delivered impressive growth last year — as did its genetic testing peers — and expects that momentum to carry into 2019. That’s partly due to a potentially lucrative partnership with China’s genomics powerhouse, BGI, which was announced the day before. The genetic testing player will receive a net up-front payment of $44 million plus royalties on products and services provided in China.
- [By Motley Fool Transcribers]
Natera Inc (NASDAQ:NTRA)Q42018 Earnings Conference CallMarch 12, 2019, 4:30 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Daniel Sparks]
Today’s after-hours headlines include food and beverage giant Kraft Heinz (NASDAQ:KHC) and healthcare diagnostics and research company Natera (NASDAQ:NTRA).
Top Dividend Stocks To Invest In Right Now: Match Group, Inc.(MTCH)
Match Group, Inc. provides dating products. It operates a portfolio of approximately 45 brands, including Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime, and FriendScout24. The company offers its dating products through its Websites and applications in 38 languages approximately in 190 countries. It also provides various test preparation, academic tutoring, and college counseling services. The company was incorporated in 2009 and is headquartered in Dallas, Texas. Match Group, Inc. is a subsidiary of IAC/InterActiveCorp.
- [By Motley Fool Staff]
For this episode, it’s time to check in on not one but two such samplers. First, it’s been one year since he offered up “Five Stocks I Own That You Should Too.” Those were Activision Blizzard(NASDAQ:ATVI), Alphabet(NASDAQ:GOOGL) (NASDAQ:GOOG),Intuitive Surgical(NASDAQ:ISRG), Match Group(NASDAQ:MTCH), and Zillow(NASDAQ:Z) (NASDAQ:ZG), and he’ll review their progress with senior analystJim Mueller.
- [By Jeremy Bowman]
Match Group(NASDAQ:MTCH), the parent of online dating brands including Tinder, OkCupid, Hinge, and its namesake, has been a breakout winner on the market since its 2015 IPO, with the stock nearly quadrupling since then.
- [By Logan Wallace]
Eventbrite (NYSE:EB) and Match Group (NASDAQ:MTCH) are both computer and technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, valuation, earnings, risk and analyst recommendations.