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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:03 EDTINTU, THO, SPWR, ENT, AEIS, USB, RF, CMA, YGE, TSRO, WFR, FL, WFC, PNC, KEY, TSL, STP, FSLR, FINL, JCP, FITB, HBANOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Advanced Energy (AEIS) initiated with a Buy at Citigroup... Finish Line (FINL) initiated with a Neutral at RW Baird... First Solar (FSLR) initiated with a Buy at Citigroup... Foot Locker (FL) initiated with an Outperform at RW Baird... Global Eagle (ENT) initiated with an Overweight at Piper Jaffray... MEMC Electronic (WFR) initiated with a Buy at Citigroup... SunPower (SPWR) initiated with a Buy, added to Top Picks Live at Citigroup... Suntech (STP) initiated with a Sell at Citigroup... Tesaro (TSRO) initiated with a Buy at Deutsche Bank... Thor Industries (THO) initiated with an Outperform at BMO Capital... Trina Solar (TSL) initiated with a Neutral at Citigroup... Yingli Green (YGE) initiated with a Neutral at Citigroup... Intuit (INTU) initiated with a Buy at Janney Capital... SunTrust (STI) initiated with a Neutral at Nomura... KeyCorp (KEY) initiated with a Neutral at Nomura... Huntington Bancshares (HBAN) initiated with a Neutral at Nomura... Comerica (CMA) initiated with a Neutral at Nomura... Regions Financial (RF) initiated with a Buy at Nomura... PNC Financial (PNC) initiated with a Buy at Nomura... Fifth Third Bancorp (FITB) initiated with a Neutral at Nomura... Wells Fargo (WFC) initiated with a Buy at Nomura... U.S. Bancorp (USB) initiated with a Buy at Nomura... PNC Financial (PNC) initiated with a Buy at Nomura... J.C. Penney (JCP) initiated with a Sell at Maxim.
News For AEIS;FINL;FL;ENT;FSLR;WFR;SPWR;STP;TSRO;THO;TSL;YGE;INTU;KEY;CMA;HBAN;PNC;RF;FITB;WFC;USB;JCP From The Last 14 Days
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April 14, 2015
10:35 EDTWFCWells Fargo says not 'meaningfully constrained' by leverage ratio
Says "disciplined" in managing relationships. Says sees minimal losses related to energy loans. Says oil exposure stable from Q4. Says not "meaningfully constrained" by leverage ratio. Says "not standing still" on expenses. CEO Stumpf says bank having strongest deposit growth in his 30 years with company. Says "looking hard" at acquiring more assets. Says "serving our customers is the first call on our capital," and says will take advantage if growth opportunities arise. Sees deposits outpacing loan growth for next few quarters.
10:26 EDTWFCWells Fargo says underlying economic expansion 'largely on track'
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10:10 EDTFINLRunning Specialty Group enters exclusive agreement with PEAR Sports
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09:59 EDTWFCWells Fargo sees operating within 55%-59% efficiency ratio range in FY15
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09:27 EDTWFCWells Fargo slips lower following earnings
In the pre-market shares are down over 1% to $53.94. At that price next support is at $53.29. Resistance is at $54.63, the 50-day moving average.
08:55 EDTJCPJ.C. Penney sees Q1 SSS up 3.5%-4.5%
J.C. Penney said in a regulatory filing that on April 13, the company became aware that a senior official of the company inadvertently sent an e-mail communication to a securities analyst that contained non-public information regarding the company’s comparable store sales results for Q1 to date, which are approximately 6%. Based on results to date, and taking into account the shift of Easter into the fiscal month of March this year, the company currently expects comparable store sales for Q1 to be in the range of 3.5%-4.5%.
08:14 EDTWFCWells Fargo expects 2015 efficiency ratio range 55%-59%
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08:08 EDTWFCWells Fargo reports Q1 credit losses $708M vs. $735M last quarter
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08:07 EDTWFCWells Fargo reports Q1 Common Equity Tier 1 ratio 10.86%
Wells Fargo reports Q1 Common Equity Tier 1 of $139.2B under Basel III, or 10.86% of risk-weighted assets. The Common Equity Tier 1 ratio under the Basel III framework was 10.53%. During Q1, the company purchased 48.4M shares of its common stock and entered into a $750M forward repurchase transaction for an additional 14M shares, which settled in early April.
08:03 EDTWFCWells Fargo reports Q1 EPS $1.04, consensus 98c
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April 13, 2015
16:21 EDTWFCOn The Fly: Top stock stories for Monday
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15:38 EDTWFCNotable companies reporting before tomorrow's open
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15:26 EDTWFCWells Fargo April 54.5 straddle priced for 2.2% movement into Q1
13:59 EDTTSL, YGE, FSLR, SPWRChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
12:39 EDTWFCWells Fargo April volatility elevated into Q1 and outlook
Wells Fargo April call option implied volatility is at 27, May is at 17, June is at 15; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement in the expected release of Q1 results on April 14.
11:16 EDTWFCConocoPhillips looks to sell noncore U.S. acreage, Reuters says
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10:00 EDTINTUOn The Fly: Analyst Upgrade Summary
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07:01 EDTTSLTrina Solar to supply 116 MW modules to Japan solar power plant
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06:49 EDTINTUIntuit upgraded to Hold from Sell at Evercore ISI
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06:22 EDTJCPGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
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