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Stock Market & Financial Investment News

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August 6, 2014
06:24 EDTWBS, NYCB, CYN, ALLY, VLY, ISBC, BPOP, AF, WTFC, OFG, FBP, BKUDeutsche Bank to hold a conference
Summer Bank 1:1 Conference to be held in Boston on August 6.
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December 19, 2014
09:28 EDTALLYOn The Fly: Pre-market Movers
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09:17 EDTALLYAlly Financial exits TARP
Ally Financial announced that the U.S. Department of the Treasury has sold its remaining 54.9M shares of Ally common stock at $23.25 per share and as a result, Ally will have exited the Troubled Asset Relief Program, or TARP, upon settlement of the sale. The U.S. Treasury received $19.6B in total on the $17.2B Ally investment, which is $2.4B more than originally invested.
09:12 EDTALLYAlly Financial 54.926M share Spot Secondary priced at $23.25
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06:32 EDTALLYAlly Financial received DOJ subpoena over subprime automotive finance
Ally Financial disclosed in a regulatory filing last night that it recently received a subpoena from the Department of Justice requesting information in connection with its investigation related to subprime automotive finance and related securitization activities. Other financial institutions have disclosed receiving similar requests earlier this year, it added. Ally Financial also announced that at the request of the DOJ, it recently entered into an agreement to voluntarily extend the statutes of limitations to allow the agency to continue its investigation of potential claims under the False Claims Act related to representations made by Ally regarding Residential Capital, the company's former mortgage subsidiary, in connection with investments in Ally made by the United States Department of the Treasury pursuant to the Troubled Asset Relief Program beginning six years ago, in December 2008.
December 18, 2014
18:22 EDTALLYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Red Hat (RHT), up 9.3%... Pier 1 Imports (PIR), up 8%... NQ Mobile (NQ), up 9.3%... Cintas (CTAS), up 6.3%. ALSO HIGHER: Aratana Therapeutics (PETX), up 25.9% after candidate for dog osteoarthritis shows positive results... Ally Financial (ALLY), up 5% after announcing that it will exit the Troubled Asset Relief Program. DOWN AFTER EARNINGS: Nike (NKE), down 2.7%. ALSO LOWER: American Apparel (APP), down 2.8% after New York Post reports on takeover bid.
17:35 EDTALLYAlly Financial to exit Troubled Asset Relief Program
The U.S. Department of the Treasury launched an offering to sell its remaining 54,926,296 shares of Ally common stock. Upon completion of the transaction, Ally will exit the Troubled Asset Relief Program . Prior to this transaction, the U.S. Treasury has received $18.3B on a $17.2B investment in Ally, representing excess proceeds of $1.1B thus far.
17:22 EDTALLYAlly Financial files automatic common stock shelf
December 17, 2014
17:09 EDTWBSWebster Financial files automatic mixed securities shelf
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16:33 EDTALLYAlly Financial initiated with a Buy at Jefferies
Target $27.
December 10, 2014
10:00 EDTWBSOn The Fly: Analyst Downgrade Summary
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06:33 EDTWBSWebster Financial downgraded to Hold from Buy at Evercore ISI
Evercore ISI downgraded Webster Financial to Hold due to valuation.

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