This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

United Financial Bancorp Reports Fourth Quarter 2009 Results And Declares Dividend Of $0.07 Per Share

WEST SPRINGFIELD, Mass., Jan. 28 /PRNewswire-FirstCall/ -- United Financial Bancorp, Inc. (the "Company") (Nasdaq: UBNK), the holding company for United Bank (the "Bank"), reported net income of $1.2 million, or $0.08 per diluted share, for the fourth quarter of 2009 compared to net income of $959,000, or $0.06 per diluted share, for the corresponding period in 2008.

Excluding acquisition related costs totaling $1.4 million ( $1.1 million net of tax benefit) net income would have been $2.3 million, or $0.15 per diluted share.  Prior period 2008 net income included a non-cash charge of $1.4 million for other-than-temporary-impairment of specific securities.  Excluding this charge and the related tax effect of $550,000, net income would have been $1.8 million, or $0.11 per diluted share.

The improved quarterly operating results were due to growth in average interest earning assets and core deposits, expansion in net interest margin and an increase in non-interest income.  These items were partially offset by a higher provision for loan losses and an increase in non-interest expense.  Growth in quarterly earnings per share was driven by the improvement in earnings as well as the positive impact of stock repurchases. The Company also announced a quarterly cash dividend of $0.07 per share, payable on March 9, 2010 to shareholders of record as of February 16, 2010.  

For the year ended December 31, 2009, the Company's net income was $5.8 million, or $0.38 per diluted share, compared to net income of $7.3 million, or $0.44 per diluted share, for the same period in 2008.  Excluding the impact of acquisition related expenses totaling $2.9 million ( $2.5 million net of tax benefit), and the second quarter special FDIC insurance assessment of $537,000 ( $312,000 net of tax benefit), net income would have been $8.6 million, or $0.57 per diluted share in the 2009 period.  Excluding a non-cash charge of $1.4 million ( $850,000, net of tax benefit) for other-than-temporary-impairment of specific securities, 2008 net income would have been $8.1 million, or $0.50 per diluted share.

On November 30, 2009, the Company acquired CNB Financial Corp. and Commonwealth National Bank at a total cost of $24.8 million.  As a result of this transaction, the Company added six branches, $289.3 million in assets, $242.9 million in loans and $195.2 million in deposits to its franchise.  

Total assets increased $277.9 million, or 22.0%, to $1.5 billion at December 31, 2009, from $1.3 billion at December 31, 2008 mainly due to the acquisition of Commonwealth National Bank and growth of $40 million in the existing commercial mortgage portfolio.   These items were partially offset by sales of mortgage-backed securities totaling $23.9 million and sales of residential mortgages totaling $29.5 million.  A portion of the cash flows received from the sales of loans and investment securities was used to pay down Federal Home Loan Bank advances and to fund the repurchase of 1.6 million shares of the Company's common stock at a total cost of $21.5 million.

Total deposits increased $256.3 million, or 32.7%, to $1.0 billion at December 31, 2009 from $782.7 million at December 31, 2008 primarily reflecting the acquisition of $195.2 million of deposits from Commonwealth National Bank and organic growth of $68.8 million, or 16.9%, in core account balances.  At December 31, 2009, the Company continued to have considerable liquidity including significant unused borrowing capacity at the Federal Home Loan Bank and access to funding through the repurchase agreement and brokered deposit markets.  The Company's balance sheet is also supported by a strong capital position, with a tangible equity-to-tangible assets ratio of 14.2% at December 31, 2009.

"We are extremely pleased with our acquisition of Commonwealth National Bank," commented Richard B. Collins, President and Chief Executive Officer.  "The cultures of our two organizations are quite similar and thus far the transition has been seamless.  We look forward to the systems conversion in February and the opportunity to fully deploy our brand of banking in the Worcester area.  As a result of this transaction, we expect 2010 earnings accretion to exceed the initial projection of 9%, reflecting growth in the balance sheet and revenue enhancements combined with the previously announced cost savings estimate of 15%."  Collins remarked that "despite a difficult economic environment, we produced solid 2009 results and believe that we are well positioned for the future, reflecting our expansion into Worcester County, our healthy balance sheet and a strong capital position."

Financial Highlights:

  • Total investment securities decreased $10.2 million, or 3.2%, to $306.5 million at December 31, 2009 from $316.7 million at December 31, 2008 reflecting sales of $23.9 million in mortgage-backed securities and prepayments and normal amortization of the existing mortgage-backed securities portfolio, partially offset by the addition of $32.3 million of investment securities from the Commonwealth National Bank acquisition. At December 31, 2009, approximately 95% of the investment portfolio consisted of mortgage-backed and debt securities issued by government-sponsored enterprises.
  • Total loans increased $252.0 million, or 29.0%, to $1.1 billion at December 31, 2009 from $870.3 million at December 31, 2008, mainly due to the acquisition of $242.9 million in loans from Commonwealth National Bank and growth of $40 million, or 16%, in the existing commercial mortgage portfolio and $10 million, or 12%, in the existing commercial and industrial loan portfolio.  These items were partially offset by the sale of $29.5 million of lower-coupon, fixed-rate residential mortgages.  All other segments of our loan portfolio were affected by slower origination volume and prepayments.  
  • Non-performing assets totaled $17.9 million, or 1.16% of total assets, at December 31, 2009 compared to $5.8 million, or 0.46% of total assets, at December 31, 2008. The Commonwealth National Bank acquisition added $4.3 million in non-performing assets, including $3.3 million of impaired loans and $1.0 million of other real estate owned.  Excluding the impact of the acquisition, the increase of $7.8 million was driven by the addition of five commercial real estate relationships.  Two of the five loans are scheduled to be paid off or substantially paid down early in the first quarter of 2010.  The remaining three have active workout plans in place and are expected to be resolved in the first half of 2010. Although non-performing assets increased during the period, our loan portfolio has no exposure  to sub-prime borrowers.
  • At December 31, 2009, the allowance for loan losses to total loans was 0.82% and the allowance for loan losses to total non-performing loans was 56.26%.  In accordance with generally accepted accounting principles, the Company recorded the loans acquired from Commonwealth National Bank at fair value and recognized the credit mark on loans purchased from other financial institutions as a component of fair value.    Excluding the impact of $242.9 million of loans acquired from Commonwealth National Bank and $22.7 million in loans purchased from other financial institutions, the ratio of the allowance for loan losses to total loans would have been 1.07% and the ratio of the allowance for loan losses to non-performing loans would have been 70.44%.  For the year ended December 31, 2009, net charge-offs totaled $2.1 million or 0.23% of average loans outstanding.  
  • Total deposits increased $256.3 million, or 32.7%, to $1.0 billion at December 31, 2009 compared to $782.7 million at December 31, 2008 primarily reflecting the acquisition of $195.2 million of deposits from Commonwealth National Bank and organic growth of $68.8 million, or 16.9%, in core account balances.  The strong growth in core account balances was driven by the success of our new Chicopee branch, which opened in July 2009, competitive products and pricing, excellent customer service and targeted promotional activities.  At year end, core deposit balances were $560.7 million, or 54% of total deposits.
  • Total stockholders' equity declined $2.1 million, or 0.9%, to $225.6 million at December 31, 2009 from $227.7 million at December 31, 2008 due to share repurchases totaling $21.5 million and cash dividends totaling $4.2 million, substantially offset by an increase in total equity of $12.0 million for shares issued in connection with the Commonwealth National Bank acquisition, net income of $5.8 million, stock-based compensation of $3.2 million, and other comprehensive income of $2.4 million.
  • Net interest income increased $992,000, or 9.6%, to $11.3 million for the fourth quarter of 2009 from the same period in 2008 as a result of net interest margin expansion and an increase in average interest earning assets.  Net interest margin increased 7 basis points to 3.53% for the three months ended December 31, 2009, from the same period in 2008, due to the positive contribution from the Worcester region for the month of December and improved spreads, partially offset by the increased cost to fund share repurchases, growth in excess cash balances held in low yielding Federal Home Loan Bank accounts and the increase in non-performing loans. Total average earning assets increased $91.0 million, or 7.6%, to $1.3 billion for the fourth quarter of 2009 due to the acquisition of Commonwealth National Bank and growth in commercial mortgages and commercial and industrial loans, offset in part by 2009 asset sales.
  • Provision for loan losses rose by $616,000, or 167.8%, to $983,000 for the three months ended December 31, 2009 driven by an increase in specific reserves for impaired commercial real estate loans.
  • Non-interest income increased by $1.9 million to $2.2 million for the three months ended December 31, 2009.  Excluding the $1.4 million impairment charge on securities in the fourth quarter of 2008, non-interest income would have increased by $450,000, largely driven by growth in deposit service charges of $165,000 and BOLI income of $158,000.  The increase in deposit service charges was primarily due to growth in accounts and transactions.  The increase in income from bank-owned life insurance reflects the purchase of an additional $20.0 million of insurance in November of 2008.
  • Non-interest expenses grew $2.4 million, or 29.7%, to $10.6 million for the fourth quarter of 2009 from $8.2 million in the same period last year.  Excluding acquisition related costs totaling $1.4 million, total non-interest expenses would have been $9.1 million or 12.1% higher than the same period last year driven in large part by additional compensation, occupancy, marketing and data processing costs incurred to operate the acquired bank and our new Chicopee branch.

United Financial Bancorp, Inc. is a publicly owned corporation and the holding company of United Bank, a federally chartered savings bank headquartered at 95 Elm Street, West Springfield, MA 01090. United Bank operates 16 full service branch offices and two express drive-up branches located throughout Hampden and Hampshire Counties in Western Massachusetts and now operates the six newly acquired branch offices of Commonwealth National Bank located in Worcester County.   Through its Wealth Management Group and its partnership with NFP Securities, Inc., the Bank is able to offer access to a wide range of investment and insurance products and services, as well as financial, estate and retirement strategies and products.  For more information regarding the Bank's products and services and for United Financial Bancorp, Inc. investor relations information, please visit www.bankatunited.com.

Except for the historical information contained in this press release, the matters discussed in this press release may be deemed to be forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties, including changes in economic conditions in the Company's market area, changes in policies by regulatory agencies, fluctuations in interest rates, demand for loans in the Company's market area, competition, and other risks detailed from time to time in the Company's SEC reports.  Actual strategies and results in future periods may differ materially from those currently expected.  These forward-looking statements represent the Company's judgment as of the date of this release.  The Company disclaims, however, any intent or obligation to update these forward-looking statements.

    
    
                  UNITED FINANCIAL BANCORP, INC. AND SUBSIDIARY             
                      CONSOLIDATED STATEMENTS OF CONDITION                  
                (Dollars in thousands, except par value amounts)            
                                                                            
                                                                            
                                                                            
                                                 December 31,  December 31, 
    Assets                                               2009          2008 
                                                         ----          ---- 
                                                  (unaudited)    (audited)  
                                                                            
    Cash and cash equivalents                         $21,877       $13,572 
    Short-term investments                              1,096         1,071 
    Investment securities                             306,478       316,697 
                                                                            
                                                                            
    Loans:                                                                  
      Residential mortgages                           343,300       356,428 
      Commercial mortgages                            409,680       248,457 
      Construction loans                               48,808        32,082 
      Commercial loans                                159,437        84,919 
      Home equity loans                               137,371       120,724 
      Consumer loans                                   23,645        27,666 
                                                       ------        ------ 
          Total loans                               1,122,241       870,276 
                                                                            
      Net deferred loan costs and fees                  2,355         2,395 
      Allowance for loan losses                        (9,180)       (8,250)
                                                       ------        ------ 
          Loans, net                                1,115,416       864,421 
                                                                            
    Federal Home Loan Bank of Boston stock, at cost    15,365        12,223 
    Other real estate owned                             1,545           998 
    Deferred tax asset, net                            11,242         7,969 
    Premises and equipment, net                        15,935        12,125 
    Bank-owned life insurance                          28,476        27,173 
    Goodwill                                            7,844             - 
    Other assets                                       15,766         6,885 
                                                       ------         ----- 
                                                                            
          Total assets                             $1,541,040    $1,263,134 
                                                   ==========    ========== 
                                                                            
    Liabilities and Stockholders' Equity                                    
                                                                            
    Deposits:                                                               
      Demand                                         $154,374      $114,178 
      NOW                                              42,262        32,390 
      Savings                                         174,270        99,492 
      Money market                                    189,763       160,736 
      Certificates of deposit                         478,258       375,867 
                                                      -------       ------- 
          Total deposits                            1,038,927       782,663 
                                                                            
    Federal Home Loan Bank of Boston advances         208,173       208,564 
    Repurchase agreements                              47,303        28,042 
    Subordinated debentures                             5,357             - 
    Escrow funds held for borrowers                     1,977         1,667 
    Capitalized lease obligations                       5,141         3,129 
    Accrued expenses and other liabilities              8,562        11,355 
                                                        -----        ------ 
          Total liabilities                         1,315,440     1,035,420 
                                                    ---------     --------- 
                                                                            
    Stockholders' Equity:                                                   
      Preferred stock, par value $0.01 per share, 
       authorized 50,000,000 shares; none issued            -             - 
      Common stock, par value $0.01 per share; 
       authorized 100,000,000 shares; shares issued:
       18,706,933 at December 31, 2009 and 17,763,747
       at December 31, 2008                               187           178 
      Additional paid-in capital                      179,020       164,358 
      Retained earnings                                77,456        75,888 
      Unearned compensation                           (11,441)      (12,144)
      Accumulated other comprehensive income,                               
       net of taxes                                     5,358         2,931 
      Treasury stock, at cost (1,868,335 shares at
       December 31, 2009 and 261,798 shares at 
       December 31, 2008)                             (24,980)       (3,497)
                                                      -------        ------ 
          Total stockholders' equity                  225,600       227,714 
                                                      -------       ------- 
                                                                            
          Total liabilities and stockholders'                               
           equity                                  $1,541,040    $1,263,134 
                                                   ==========    ========== 
    
    
    
    
    
                  UNITED FINANCIAL BANCORP, INC. AND SUBSIDIARY             
                         CONSOLIDATED INCOME STATEMENTS                     
                (Amounts in thousands, except per share amounts)            
                                                                            
                                                                            
                                   Three Months Ended         Years Ended   
                                       December 31,           December 31,  
                                      2009     2008         2009       2008 
                                      ----     ----         ----       ---- 
                                      (unaudited)      (unaudited)  (audited)
    Interest and dividend income:                                           
      Loans                        $13,244  $12,498      $49,052    $50,175 
      Investments                    3,361    4,045       13,904     14,109 
      Other interest-earning assets      6       81           30        530 
                                        --       --           --        --- 
    Total interest and                                                      
     dividend income                16,611   16,624       62,986     64,814 
                                                                            
    Interest expense:                                                       
      Deposits                       3,372    4,282       14,295     17,831 
      Borrowings                     1,911    2,006        7,691      7,172 
                                     -----    -----        -----      ----- 
    Total interest expense           5,283    6,288       21,986     25,003 
                                     -----    -----       ------     ------ 
                                                                            
    Net interest income before
     provision for loan losses      11,328   10,336       41,000     39,811 
                                                                            
    Provision for loan losses          983      367        2,998      1,846 
                                       ---      ---        -----      ----- 
                                                                            
    Net interest income after                                               
     provision for loan losses      10,345    9,969       38,002     37,965 
                                                                            
    Non-interest income:                                                    
      Net gain on sales of loans         -        -          363          - 
      Net gain on sales of securities   82       15          543         23 
      Impairment charge on securities  (82)  (1,377)         (82)    (1,377)
      Fee income on depositors’
       accounts                      1,351    1,186        4,877      4,638 
      Wealth management income         223      200          703        799 
      Income from bank-owned                                                
       life insurance                  356      198        1,382        357 
      Other income                     315      172          890        780 
                                       ---      ---          ---        --- 
    Total non-interest income        2,245      394        8,676      5,220 
                                     -----      ---        -----      ----- 
                                                                            
    Non-interest expense:                                                   
      Salaries and benefits          5,050    4,596       18,954     17,359 
      Occupancy expenses               707      604        2,611      2,327 
      Marketing expenses               377      339        1,470      1,440 
      Data processing expenses         920      852        3,438      3,190 
      Professional fees                430      543        1,359      1,679 
      Acquisition related expenses   1,432        -        2,863          - 
      FDIC insurance assessments       233      130        1,546        511 
      Other expenses                 1,431    1,094        4,617      4,184 
                                     -----    -----        -----      ----- 
    Total non-interest expense      10,580    8,158       36,858     30,690 
                                    ------    -----       ------     ------ 
                                                                            
    Income before income taxes       2,010    2,205        9,820     12,495 
                                                                            
    Income tax expense                 788    1,246        4,014      5,197 
                                       ---    -----        -----      ----- 
                                                                            
    Net income                      $1,222     $959       $5,806     $7,298 
                                    ======     ====       ======     ====== 
                                                                            
    Earnings per share:                                                     
      Basic                          $0.08    $0.06        $0.38      $0.44 
      Diluted                        $0.08    $0.06        $0.38      $0.44 
                                                                            
    Weighted average shares
     Outstanding:                                
      Basic                         15,182   16,411       15,265     16,445 
      Diluted                       15,189   16,426       15,273     16,445 
                                                                            
    
    
    
    
    
                     UNITED FINANCIAL BANCORP, INC. AND SUBSIDIARY            
                         SELECTED DATA AND RATIOS (unaudited)                 
                   (Dollars in thousands, except per share amounts)           
                                                                              
                                                                              
                                      At or For The Quarters Ended            
                                                                              
                                                          
                       Dec. 31    Sep. 30    Jun. 30    Mar. 31   Dec. 31
                          2009       2009       2009       2009      2008
                          ----       ----       ----       ----      ----
                                                                              
    Operating Results:                                                        
    Net interest                                                              
     income            $11,328     $9,974     $9,543    $10,155   $10,336     
    Loan loss                                                                 
     provision             983        800        675        540       367     
    Non-interest                                                              
     income              2,245      1,985      2,595      1,851       394(5)
    Non-interest                                                              
     expense            10,580(1)   8,093(1)  10,030(1)   8,155     8,158     
    Net income           1,222      1,901        560      2,123       959     
                                                                              
    Performance Ratios
     (annualized):                                                  
    Return on                                                                 
     average                                                                  
     assets               0.36%(2)   0.61%(2)   0.18%(2)   0.68%     0.31%(6)
    Return on                                                                 
     average                                                                  
     equity               2.23%(2)   3.55%(2)   1.03%(2)   3.85%     1.71%(6)
    Net interest                                                              
     margin               3.53%      3.38%      3.27%      3.39%     3.46%    
    Non-interest                                                              
     income to                                                                
     average total                                                            
     assets               0.67%      0.64%      0.85%      0.59%     0.13%(7)
    Non-interest                                                              
     expense to                                                               
     average total                                                            
     assets               3.14%(3)   2.60%(3)   3.27%(3)   2.61%     2.63%    
    Efficiency                                                                
     ratio (4)           77.95%(3)  67.67%(3)  87.68%(3)  68.64%    67.47%    
                                                                              
    Per Share Data:                                                           
    Diluted                                                                   
     earnings per                                                             
     share               $0.08      $0.13      $0.04      $0.14     $0.06     
    Tangible book                                                             
     value per                                                                
     share              $12.93(8)  $13.39     $13.15     $13.18    $13.01     
    Market price                                                              
     at period end      $13.11     $11.58     $13.82     $13.09    $15.14     
                                                                              
    Risk Profile                                                              
    Tangible                                                                  
     equity as a                                                              
     percentage of                                                            
     tangible                                                                 
     assets              14.20%(8)  17.35%     17.25%     17.50%    18.03%    
    Net charge-                                                               
     offs to                                                                  
     average loans                                                            
     outstanding                                                              
     (annualized)         0.54%      0.12%      0.20%      0.03%     0.23%    
    Non-                                                                      
     performing                                                               
     assets as a                                                              
     percent of                                                               
     total assets         1.16%      0.92%      0.48%      0.41%     0.46%    
    Non-                                                                      
     performing                                                               
     loans as a                                                               
     percent of                                                               
     total loans,                                                             
     gross                1.45%      1.23%      0.62%      0.50%     0.55%    
    Allowance for                                                             
     loan losses                                                              
     as a percent                                                             
     of total                                                                 
     loans, gross         0.82%(9)   1.07%      1.03%      1.02%     0.95%    
    Allowance for                                                             
     loan losses                                                              
     as a percent                                                             
     of non-                                                                  
     performing                                                               
     loans               56.26%(10) 86.73%    167.99%    201.43%   171.98%    
                                                                              
    Average Balances                                                          
    Loans             $960,921   $878,683   $860,882   $869,580  $862,814     
    Securities         289,393    279,442    283,005    313,799   314,251     
    Total                                                                     
     interest-                                                                
     earning                                                                  
     assets          1,282,187  1,181,647  1,168,308  1,198,040 1,193,421     
    Total assets     1,349,727  1,243,906  1,226,210  1,251,225 1,240,215     
    Deposits           917,022    828,153    803,425    785,313   775,853     
    FHLBB advances     160,455    155,946    164,955    204,501   213,451     
    Stockholders'                                                             
     Equity            219,650    214,300    216,501    220,683   224,785     
                                                                              
    Average Yields/Rates
     (annualized)                                                 
    Loans                 5.51%      5.48%      5.45%      5.54%     5.79%    
    Securities            4.65%      4.70%      4.79%      4.93%     5.15%    
    Total                                                                     
     interest-                                                                
     earning                                                                  
     assets               5.18%      5.19%      5.18%      5.32%     5.57%    
                                                                              
    Savings                                                                   
     accounts             0.96%      1.08%      1.14%      1.09%     1.30%    
    Money market/                                                             
     NOW accounts         0.87%      1.04%      1.21%      1.31%     1.65%    
    Certificates                                                              
     of deposit           2.56%      2.79%      2.96%      3.13%     3.38%    
    FHLBB advances        4.07%      4.22%      4.13%      3.40%     3.52%    
    Total                                                                     
     interest-                                                                
     bearing                                                                  
     liabilities          2.14%      2.37%      2.51%      2.54%     2.80%    
                                                                              
    (1)  Includes $1.4 million, $270,000 and $1.2 million in acquisition   
         related expenses for the quarters ended December, September and June
         2009, respectively, and a $538,000 special FDIC insurance assessment
         for the quarter ended June 2009.                                    
    (2)  Exclusive of the $1.1 million (after tax), $270,000 and $1.2 million 
         in acquisition related expenses for the quarters ended December,
         September and June 2009, respectively, and a $312,000 (after tax) 
         special FDIC insurance assessment for the quarter ended June 2009, 
         the return on average assets would have been 0.69%, 0.70% and 0.66%
         and average equity would have been 4.22%, 4.05% and 3.76%, 
         respectively.                         
    (3)  Exclusive of the $1.4 million, $270,000 and $1.2 million in 
         acquisition related expenses for the quarters ended December, 
         September and June 2009, respectively, and a $538,000 special FDIC 
         insurance assessment for the quarter ended June 2009, non-interest 
         expense to average total assets would have been 2.71%, 2.52% and 
         2.72% and the efficiency ratio would have been 67.40%, 65.42% and 
         72.83%, respectively.            
    (4)  Excludes gains/losses on sales of securities and loans and       
         impairment charges on securities.                                
    (5)  Includes $1.4 million other-than-temporary impairment ("OTTI") charge
         on certain securities in our investment portfolio.               
    (6)  Exclusive of a $1.4 million other-than-temporary impairment charge 
         and related tax effect of $550,000 on certain investment securities,
         the return on average assets and average equity would have been 
         0.58% and 3.18%, respectively.                                     
    (7)  Exclusive of the $1.4 million other-than-temporary impairment charge,
         non-interest income to average total assets would have been 0.57%. 
    (8)  Excludes the impact of goodwill of $7.8 million.                 
    (9)  Exclusive of the $242.9 million in acquired loans and $22.7 million 
         in loans purchased from other financial institutions, allowance for 
         loan losses as a percent of total loans, gross would have been 
         1.07%.         
    (10) Exclusive of the $3.3 million in nonperforming acquired loans, 
         allowance for loan losses as a percent of non-performing loans would
         have been 70.44%.                                                   
     
    
    
    For More Information Contact:
    Mark A. Roberts
    Executive Vice President & CFO
    (413) 787-1700

SOURCE United Financial Bancorp, Inc.

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,390.52 +195.10 1.13%
S&P 500 2,018.05 -2.75 -0.14%
NASDAQ 4,630.7410 +64.6030 1.41%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs