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Stock Market & Financial Investment News

News Breaks
March 29, 2012
10:20 EDTRIG, JWN, DK, WFC, GBDC, AINV, HERO, PNR, DLPH, ADSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alliance Data Systems (ADS) upgraded to Outperform at Keefe Bruyette...Apollo Investment (AINV) upgraded to Outperform from Market Perform at Wells Fargo...Delek US Holdings (DK) upgraded to Outperform from Neutral at Credit Suisse...Delphi Automotive (DLPH) upgraded to Buy from Neutral at Citigroup...Golub Capital (GBDC) upgraded to Outperform from Market Perform at Wells Fargo...Nordstrom (JWN) upgraded to Buy from Neutral at Goldman...Pentair (PNR) upgraded to Outperform from Market Perform at William Blair...Wells Fargo (WFC) upgraded to Buy from Neutral at Nomura...Transocean (RIG) upgraded to Outperform from Underperform at CLSA...Hercules Offshore (HERO) upgraded to Buy from Underperform at CLSA.
News For ADS;AINV;DK;DLPH;GBDC;JWN;PNR;WFC;RIG;HERO From The Last 14 Days
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November 17, 2014
07:35 EDTADSAlliance Data reports October net charge offs 4.4% vs. 3.8% last month
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07:12 EDTRIGBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
12:53 EDTRIGOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
11:28 EDTRIGStocks with call strike movement; RIG GME
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10:03 EDTJWNHigh option volume stocks
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09:16 EDTJWNOn The Fly: Pre-market Movers
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November 13, 2014
18:40 EDTJWNOn The Fly: After Hours Movers
UP AFTER EARNINGS: TubeMogul (TUBE), up 12.4%... Weibo (WB), up 3.2%... Nordstrom (JWN), up 3.1%. ALSO HIGHER: Geron (GERN), up 30.7% after announcing a global strategic collaboration with Janssen Biotech... Baker Hughes (BHI), up 16.2% following reports that the company is in talks to be acquired by Halliburton (HAL)... Halliburton is up 1.4%... Pandora (P), up 4% after announcing a conference call to discuss Web IV proceeding... AmerisourceBergen (ABC), up 1.1% after being awarded a $4.06B government contract. DOWN AFTER EARNINGS: Retrophin (RTRX), down 6.6%... Phoenix New Media (FENG), down 8.4%... Voxeljet AG (VJET), down 8.6%... Intrexon (XON), down 1.1%... Youku Tudou (YOKU), down 5.7%... Applied Materials (AMAT), down 2.5%. ALSO LOWER: Puma Biotechnology (PBYI), down 6.9% following PB272 Phase II Trial results... EnLink Midstream (ENLK), down 4.8% after filing to sell 10.5M common units representing limited partners.
17:35 EDTWFCOcwen unit signs mutual termination agreement with Wells Fargo
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17:32 EDTWFCWells Fargo, Ocwen agree to cancel sale of mortgage servicing rights
Wells Fargo & Co. (WFC) announced that its subsidiary, Wells Fargo Bank, N.A., and Ocwen Loan Servicing have mutually decided to cancel a previously announced sale to Ocwen of certain Wells Fargo residential mortgage servicing rights. Cancelation of the transaction is not expected to be material to Wells Fargo’s consolidated financial results.
16:09 EDTJWNNordstrom lowers FY14 EPS view to $3.70-$3.75 from $3.80-$3.90
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16:06 EDTJWNNordstrom reports Q3 EPS 73c, consensus 71c
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15:45 EDTRIGHalliburton, Baker Hughes in fast-moving merger talks, WSJ reports
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15:18 EDTJWNNotable companies reporting after market close
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14:48 EDTJWNNordstrom technical comments before earnings
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12:53 EDTWFCWells Fargo sees Q4 mortgage originations to decline from Q3
Expects Q4 mortgage originations to decline from Q3, reflecting normal seasonality in purchase market, while gain on sale margin is expected to remain within range of last four quarters. Expects to operate within targeted efficiency ratio range of 55%-59% in Q4. Wells Fargo said that while there is potential for continued net interest margin pressure, focus remains on growing net interest income over time. The comapny said it expects future reserve releases absent signification deterioration in the economy, but expect a lower level of future releases as the rate of improvement in credit loans and loan portfolio grows. Expects share count to continue to decline in Q4 as result of anticipated net share repurchases. Says mortgage business profitable and very pleased with that segment. Comments taken from slides for presentation at Bank of America Merrill Lynch Banking and Financial Services Conference.
08:33 EDTWFCWells Fargo sells federal student loans to Navient
Wells Fargo & Co. (WFC) Education Financial Services announced that Navient (NAVI) will purchase a principal balance of $8.5B of Federal Family Education Loan Program loans, which are included in Wells Fargo’s held-for-sale loan portfolio. Due to a change in federal law, Wells Fargo has not issued federal student loans since June 30, 2010. This sale supports Wells Fargo’s ongoing strategic focus on its private student lending business. “By selling these FFELP loans to Navient, Wells Fargo will be in a position to focus more on meeting the needs of our private student loan customers,” said John Rasmussen, head of Wells Fargo’s Education Financial Services. “We are deeply committed to the private student loan business because next to purchasing a home or saving for retirement, paying for an education is one of the most important financial events for our customers.” ). The sale is expected to close in a series of transactions, substantially all of which are expected to be completed in fourth quarter 2014, subject to customary closing conditions. Terms of the transaction were not disclosed and the sale is not material to Wells Fargo.
November 12, 2014
09:36 EDTWFCInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
08:05 EDTDLPHGoldman to hold a conference
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07:53 EDTJWNNordstrom November volatility elevated into Q3 and outlook
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07:28 EDTWFCBofA/Merrill to hold a conference
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