New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 19, 2013
10:04 EDTTEF, MMS, ETFC, SMS, VRTX, UBS, TOL, AN, NOK, NPTN, EWBC, OSTK, EE, AF, DXPE, BBTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Astoria Financial (AF) upgraded to Market Perform from Underperform at Keefe Bruyette... Autonation (AN) upgraded to Hold from Sell at Deutsche Bank... E-Trade (ETFC) upgraded to Market Perform from Underperform at Keefe Bruyette... El Paso Electric (EE) upgraded to Buy from Hold at Jefferies... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Overstock.com (OSTK) upgraded to Buy from Underperform at BofA/Merrill... Toll Brothers (TOL) upgraded to Outperform from Market Perform at Keefe Bruyette... UBS (UBS) upgraded to Buy from Hold at Deutsche Bank... Vertex (VRTX) upgraded to Buy from Hold at Canaccord... Telefonica (TEF) upgraded at Bernstein... BB&T (BBT) upgraded to Buy from Neutral at Hilliard Lyons... East West Bancorp (EWBC) upgraded to Outperform from Market Perform at Keefe Bruyette... DXP Enterprises (DXPE) upgraded to Buy from Neutral at Ascendiant Capital... NeoPhotonics (NPTN) upgraded to Buy from Hold at Needham... Sims Metal (SMS) upgraded to Buy from Neutral at BofA/Merrill... Overstock.com (OSTK) upgraded at BofA/Merrill... Nokia (NOK) upgraded to Market Perform from Underperform at BMO Capital.
News For AF;AN;ETFC;EE;TOL;MMS;OSTK;UBS;TEF;EWBC;VRTX;BBT;NPTN;SMS;DXPE;NOK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
November 12, 2014
09:43 EDTBBTSusquehanna downgraded to Underperform at Boenning & Scattergood
Subscribe for More Information
09:21 EDTBBTOn The Fly: Pre-market Movers
Subscribe for More Information
08:57 EDTUBSBarclays excluded from forex settlement due to issues with NYDFS, Reuters says
Subscribe for More Information
07:53 EDTBBTBB&T to host conference call
Conference call to discuss acquisition of Susquehanna Bancshares will be held on November 12 at 8:30 am. Webcast Link
07:36 EDTETFCE-Trade says to reduce corporate debt outstanding by $400M
Subscribe for More Information
07:30 EDTAFSandler O'Neill to hold a conference
Subscribe for More Information
07:04 EDTBBTBB&T to acquire Susquehanna Bancshares for approximately $2.5B
BB&T (BBT) and Susquehanna (SUSQ) announced the signing of a definitive agreement under which BB&T will acquire Susquehanna in a cash and stock transaction for total consideration valued at approximately $2.5B.In connection with the acquisition, BB&T plans to establish three new banking regions encompassing certain markets in Pennsylvania and New Jersey. BB&T also plans to integrate its Baltimore region with Susquehanna's. These four regions are expected to be led by legacy Susquehanna executives. Under the terms of the agreement, which was approved by the boards of each company, shareholders of Susquehanna will receive as merger consideration 0.253 shares of BB&T common stock and $4.05 in cash for each share of Susquehanna common stock. The merger consideration is valued at $13.50 per share based on the average closing price of BB&T over the 45 trading days ending on November 10, 2014. BB&T expects to incur pre-tax merger and integration costs of approximately $250M and expects to achieve annual cost savings of approximately $160M. BB&T expects this acquisition to be accretive to earnings per share in the first full year excluding one-time charges and expects the transaction to exceed its IRR hurdle. This acquisition is subject to customary closing conditions including regulatory approvals and approval of Susquehanna shareholders.
07:02 EDTBBTBB&T to acquire Susquehanna Bancshares for approximately $2.5B
Subscribe for More Information
06:15 EDTUBSFINMA fines UBS CHF 134M for foreign exchange manipulation
Subscribe for More Information
06:12 EDTUBSCFTC fines five banks $1.4B for manipulation of FX benchmark rates
Subscribe for More Information
06:09 EDTUBSUBS says fines for FX trading provisioned fully in Q3
Subscribe for More Information
06:05 EDTUBSFCA fines five banks $1.7B over FX trading operations
Subscribe for More Information
November 11, 2014
14:30 EDTUBSBanks to be hit with billions in fines for currency manipulation, Telegraph says
Subscribe for More Information
05:32 EDTNOKHERE map services signs OEM agreement with SAP HANA
Subscribe for More Information
November 10, 2014
16:04 EDTNPTNNeoPhotonics sees Q4 EPS (1c)-(13c), consensus (2c)
Sees Q4 revenue $74M-$80M, consensus $78.64M.
16:03 EDTNPTNNeoPhotonics reports Q3 EPS 4c, consensus (4c)
Reports Q3 revenue $81.6M, consensus $80.87M.
11:56 EDTNPTNNeoPhotonics management to meet with B. Riley
Meeting to be held in San Francisco on November 13 hosted by B. Riley.
07:10 EDTTOLToll Brothers reports preliminary Q4 revenue $1.35B, consensus $1.31B
Toll Brothers Q4 total revenues of $1.35B and 1,807 units increased 29% in dollars and 22% in units, compared to 4Q13 results of $1.04B and 1,485 units. The average price of homes delivered was $747,000, compared to $732,000 in Q3 and $703,000 in 4Q13. net signed contracts of $970.2M and 1,282 units rose 16% in dollars and 10% in units, compared to FY 2013's fourth-quarter net signed contracts of $839.0M and 1,163 units. The average price per unit of net contracts signed in Q4 was $757,000, compared to $717,000 in Q3 and $721,000 in 4Q13. On a per-community basis, Q4 net signed contracts were 5.01, compared to 4Q13 totals of 5.17, 4.86 in 4Q12, 3.04 in 4Q11 and 2.94 in 4Q10.
06:46 EDTUBSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:18 EDTUBSUBS to settle misconduct allegations at precious metals trading unit, FT reports
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use