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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:24 EDTCYN, ALLY, VLY, ISBC, BPOP, AF, WTFC, OFG, FBP, BKU, WBS, NYCBDeutsche 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
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November 19, 2014
17:05 EDTCYNCity National coverage assumed with a Neutral at Sterne Agee
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13:39 EDTOFGOFG Bancorp repurchased 444,613 common shares to date in Q4
OFG announced it repurchased 444,613 common shares to date in the fourth quarter, at an average price of $14.65 per share, for a total of $6.5M. Year to date, OFG repurchased 1,152,113 common shares (equal to 2.52% of total shares issued and outstanding as of 12/31/13), at an average price of $14.66 each, for a total of $16.9M. As a result, OFG Bancorp has returned 42.3% of its annualized earnings in 2014 to investors comprised of common stock dividends (21.1%) and shares repurchased (21.2%). The new increased common stock dividend will not have a material impact on the anti-dilution effect of the Series C preferred shares outstanding.
13:37 EDTOFGOFG Bancorp raises quarterly dividend 25% to 10c from 8c per share
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November 14, 2014
16:58 EDTALLYThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).
November 12, 2014
07:30 EDTWBS, WTFC, VLY, AFSandler O'Neill to hold a conference
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07:28 EDTCYN, ALLYBofA/Merrill to hold a conference
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November 10, 2014
09:03 EDTBPOPBanc of California completes acquisition of Popular unit
Banc of California (BANC) announced the Company’s wholly owned banking subsidiary, Banc of California, N.A., completed its acquisition of select assets and assumption of certain liabilities of the California branch network of Popular Community Bank, the U.S. banking subsidiary of Popular, Inc. (BPOP) on November 8, 2014. The acquisition included twenty branch locations and approximately $1.1 billion in loans and $1.1 billion in deposit balances. The Company’s total assets upon completion of the transaction exceed $5.5 billion. In addition, the Company announced that it had completed the previously announced sale of common stock to funds affiliated with Oaktree Capital Management, L.P. and Patriot Financial Partners, L.P. Wachtell, Lipton, Rosen & Katz served as legal advisor to the Company on the acquisition and capital raise transactions.

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