RBS-Santander Suit a Distinct Possibility and 3 Hot Stocks Seeing Action

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Domino’s Pizza (NYSE:DPZ) reports third quarter diluted EPS of $0.43, up 22.9% over the same quarter last year. Same-store sales in the US rose 3.3% while international same-store sales grew by 5%. J. Patrick Doyle,Domino’s President and Chief Executive Officer: “Our system’s ability to repeat and maintain strong results – coupled with our commitment to innovation and continuous improvement – gives us confidence that we have lots of runway for growth in the years to come.”

Johnson & Johnson (NYSE:JNJ) reports an EPS of $1.25 and revenue of $17.1 billion for its third-quarter which beat estimates by $0.04 and $150 million respectively. Revenues declined 3.4% in Europe, but were countered by a rise of 14.6% year on year in the US and revenue gains in the Asia Pacific and African regions. The company updates its guidance for 2012 EPS from the prior $5.00-$5.07 to $5.05-$5.10.

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Goldman Sachs (NYSE:GS) reported third-quarter net profit of $1.51 billion ($ 2.85 per share) on revenues of $8.35 billion. These numbers were substantially ahead of analyst forecasts of $2.12 per share and revenues of $7.3 billion. Investment banking revenue was 49% higher than the same quarter in 2011. Revenues from stock trading were down 16% while bond trading revenues were up 28% from the year ago period. Quarterly dividend is raised from $0.46 to $0.50.

A report in the Telegraph says RBS (NYSE:RBS) may sue Santander (NYSE:SAN) for the latter’s decision to scrap the purchase of 316 bank branches agreed at £1.65 billion. RBS fears Santander’s volte face could cost it almost £1 billion in lost market valuation. According to sources, RBS directors suspect Santander backed out because of problems in its home market, and not due to delays and problems with IT in the deal.

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