Company News: DDS, JCP, BK, PFE, WFC, PII, RODM, TISA, DV, GS, BP

• Dillard’s Inc. (NYSE:DDS) posted strong second-quarter 2011 earnings of $0.30 per share, outpacing the Zacks Consensus Estimate of $0.19 per share and prior-year quarter earnings of $0.03 per share

• J. C. Penney Company, Inc. (NYSE:JCP) posted second-quarter 2011 earnings of $0.07 a share that came in a penny ahead of the Zacks Consensus Estimate as well as the prior-year quarter’s earnings

• Attorney generals in Virginia and Florida accused The Bank of New York Mellon Corporation (NYSE:BK) of employing a currency-trading method that cheated pension funds and filed a civil suit against the bank

• According to reports, Pfizer Inc. (NYSE:PFE) informed U.S. authorities about “potentially improper payments” it made outside the United States

• Wells Fargo & Company (NYSE:WFC) upgraded Polaris Industries, Inc. (NYSE:PII) to “Outperform” from a “Market Perform” rating

• Rodman & Renshaw Capital Group, Inc. (NASDAQ:RODM) initiated coverage on Top Image Systems Ltd. (NASDAQ:TISA) with an “Outperform” rating

• RW Baird downgraded DeVry Inc. (NYSE:DV) to a “Neutral” rating from an “Outperform” rating

• The Goldman Sachs Group, Inc. (NYSE:GS) downgraded BP plc (NYSE:BP) to “Neutral” from a “Buy” rating.

PENNEY (JC) INC (JCP): Free Stock Analysis Report

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