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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:24 EDTAF, WBS, VLY, OFG, NYCB, ISBC, FBP, CYN, BPOP, BKU, ALLY, WTFCDeutsche Bank to hold a conference
Summer Bank 1:1 Conference to be held in Boston on August 6.
News For AF;ALLY;BKU;BPOP;CYN;FBP;ISBC;NYCB;OFG;VLY;WBS;WTFC From The Last 14 Days
Check below for free stories on AF;ALLY;BKU;BPOP;CYN;FBP;ISBC;NYCB;OFG;VLY;WBS;WTFC the last two weeks.
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September 23, 2014
10:33 EDTWBSWebster Financial to acquire HSA business from JPMorgan
Webster Financial (WBS), the holding company for Webster Bank, N.A., said that it had signed a definitive agreement to acquire the health savings account, or HSA, business from JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase (JPM). Under the agreement, approximately 700,000 accounts, including an estimated $1.3B in deposits and $175M in investments, will migrate from JPMorgan Chase Bank to HSA Bank, a division of Webster Bank, over a transitional period. In the near term, Webster will use approximately 60% of the deposits to pay down short-term borrowings with the remaining funds invested in securities. Transaction consideration will be all cash; the purchase price was not disclosed. Webster expects the transaction to be modestly accretive to earnings per share and return on equity in the first year following closing. The transaction is expected to improve Webster's loan-to-deposit ratio to approximately 80% from 87% pro forma at June 30. The company estimates the transaction will have tangible book value dilution of approximately 3%. JPMorgan Chase has advised Webster that the transaction is not expected to have a material impact on JPMorgan Chase's earnings.
10:23 EDTNYCBHigh option volume stocks
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10:02 EDTWBS, ISBCOn The Fly: Analyst Initiation Summary
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09:25 EDTWBSWebster Financial trading halted, pending news
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September 22, 2014
18:28 EDTWBSWebster Financial initiated with an Outperform at Wells Fargo
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18:27 EDTBKUBankUnited resumed with an Outperform at Wells Fargo
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16:36 EDTISBCInvestors Bancorp initiated with an Outperform at Wells Fargo
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16:34 EDTCYNCity National resumed with a Market Perform from Outperform at Wells Fargo
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September 18, 2014
06:31 EDTALLYConsumer bureau proposes federal oversight of large auto finance companies
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September 16, 2014
09:56 EDTNYCBNew York Community Bancorp upgraded to Buy from Hold at Standpoint Research
September 15, 2014
08:09 EDTBPOPPopular Community Bank completes central Florida regional operations sale
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September 14, 2014
13:00 EDTBPOPPopular shares could rise 30%, Barron's says
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September 12, 2014
13:53 EDTALLYU.S. Treasury launches second plan to sell additional Ally common stock
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September 10, 2014
10:00 EDTBKUOn The Fly: Analyst Initiation Summary
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07:22 EDTBKUBankUnited initiated with a Market Perform at BMO Capital
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September 9, 2014
11:48 EDTWBSWebster Financial sees Q3 total loan growth in 2% range
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