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Stock Market & Financial Investment News

News Breaks
May 20, 2014
04:55 EDTAEL, AEL, INDB, INDB, PRA, PRA, RF, RF, PB, PB, FNB, FNB, BXS, BXS, COF, COF, ABCB, ABCB, WSH, WSHSunTrust to hold a conference
Financial Services UnConference to be held in New York on May 20-21.
News For AEL;ABCB;COF;BXS;FNB;PB;RF;PRA;INDB;WSH From The Last 14 Days
Check below for free stories on AEL;ABCB;COF;BXS;FNB;PB;RF;PRA;INDB;WSH the last two weeks.
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September 16, 2014
10:22 EDTCOFBanks set for ad battle to be default choice for Apple Pay, Apple Insider says
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07:43 EDTBXSRBC Capital to hold a conference
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September 15, 2014
06:07 EDTCOFCapital One reports August charge-off rate 2.81% vs. 2.88% last month
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September 12, 2014
07:41 EDTCOFBank lending grew in quarter, with Capital One leading pack, WSJ reports
Total loans outstanding at U.S. banks and thrifts grew by $178.5B in the second quarter, with Capital One Financial (COF) leading the big banks by growing its loans at an annualized rate of 12.5%, according to SNL Financial data, reported The Wall Street Journal. SNL said 14 of the 15 largest U.S. banks increased their lending, with only Bank of America (BAC) issuing fewer loans than the quarter before, largely attributed to a drop in U.S. closed-end residential mortgages, the report noted. Other publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:35 EDTCOFApple getting discounted card fees for Apple Pay, NY Times reports
Banks are charging Apple lower than usual credit card fees for the tech giant's new mobile payment system, according to The New York Times. The banks hope that participating in Apple Pay will enable them to process transactions that aren't currently being paid for with credit cards, the newspaper explained. The banks and credit card networks also hope to use Apple Pay to prevent technologies that don't incorporate banks from becoming popular, The Times reported. Publicly traded credit card networks include American Express (AXP), Capital One (COF), Discover (DFS), MasterCard (MA) and Visa (V). Publicly traded banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC)..Reference Link
September 11, 2014
07:34 EDTWSHWillis Re to acquire Reinsurance Advisors, terms not disclosed
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September 9, 2014
15:38 EDTCOFCapital One Financial working with Apple's new payment service, Apple Pay
Capital One Financial (COF) announced that it is working with Apple’s (AAPL) new payment service, Apple Pay, available on the new iPhone 6, iPhone 6 Plus and Apple Watch beginning in October. Apple Pay adds a new dimension to mobile payments. With Apple Pay, Capital One customers will be able to use their credit or debit cards directly from their iPhone 6, iPhone 6 Plus and Apple Watch to pay for purchases at many of their favorite stores. To pay, customers just need to hold their iPhone 6 near the contactless reader with their finger on Touch ID and payment is made. In addition, Apple Pay will also allow users to pay for a variety of online purchases in apps.
14:54 EDTCOFApple announces Apple Pay
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14:37 EDTRFRegions Financial sees FY14 adjusted expenses lower than last year
Comment made in slides presentation prepared for Barclays Global Financial Services Conference.
September 8, 2014
07:24 EDTRFBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.
September 5, 2014
07:26 EDTCOFApple strikes transaction fee discount deals, Bank Innovation says
Apple (AAPL) has reached deals with American Express (AXP), JPMorgan (JPM), Citigroup (C), Capital One (COF), and Bank of America (BAC) to lower card transaction fees for its soon to be launched payments venture, said Bank Innovations, citing an earlier report from Tom Noyes and confirmation by its own sources. Apple has both convinced them to consider its transactions as “card present,” which carries a lower discount rate, and has also managed to bump down the actual “card present” rate by 15 to 25 basis points, according to people with knowledge of the matter, the report noted. Reference Link
September 4, 2014
17:38 EDTBXSBancorpSouth consents to issuance of consent order on BSA issues
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September 3, 2014
17:14 EDTINDBIndependent Bank management to meet with Drexel Hamilton
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05:17 EDTPRAProAssurance to host conference call
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September 2, 2014
10:02 EDTWSHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cabot Oil & Gas (COG) upgraded at Stifel... Century Aluminum (CENX) upgraded to Overweight from Equal Weight at Morgan Stanley... Groupon (GRPN) upgraded at RBC Capital... Hawaiian Electric (HE) upgraded to Neutral from Cautious at ISI Group... Life Time Fitness (LTM) upgraded to Overweight from Neutral at Piper Jaffray... Live Nation (LYV) upgraded to Buy from Neutral at Northcoast... Northrop Grumman (NOC) upgraded at RBC Capital... Panasonic (PCRFY) upgraded to Buy from Sell at CLSA... Progressive (PGR) upgraded at Goldman... RCS Capital (RCAP) upgraded to Buy from Neutral at Citigroup... SandRidge Energy (SD) upgraded at Stifel... Staples (SPLS) upgraded to Outperform from Neutral at Credit Suisse... Statoil (STO) upgraded to Buy from Hold at Deutsche Bank... Tenaris (TS) upgraded to Neutral from Sell at UBS... Tesla (TSLA) upgraded at Stifel... Ultratech (UTEK) upgraded to Outperform from Market Perform at Barrington... Volkswagen (VLKAY) upgraded to Outperform from Neutral at Exane BNP Paribas... Waddell & Reed (WDR) upgraded to Buy from Hold at Jefferies... Willis Group (WSH) upgraded to Outperform from Market Perform at Keefe Bruyette... zulily (ZU) upgraded to Buy from Fair Value at CRT Capital.
10:02 EDTBXSOn The Fly: Analyst Downgrade Summary
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06:37 EDTWSHWillis Group upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Willis Group to Outperform citing easing expense comps and expectations for improved revenue growth. The firm raised its price target for shares to $49 from $46.

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