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Stock Market & Financial Investment News

News Breaks
July 21, 2014
17:47 EDTCS, AFAstoria Financial to sell non-performing residential mortgages to Credit Suisse
Astoria Financial (AF) announced that the bank had entered into an agreement to sell certain non-performing residential mortgage loans, or NPL, to Credit Suisse (CS) for consideration of approximately $186M. The NPL Sale is expected to close on or about July 31, subject to usual and customary closing conditions. In anticipation of the NPL Sale, such non-performing loans were designated as held-for-sale as of June 30 and were written down from their carrying value of approximately $195M to their estimated fair value of $186M. As a result, the company recorded an $8.7M charge-off and a $5.7M loan loss release in Q2.
News For AF;CS From The Last 14 Days
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April 22, 2015
16:37 EDTAFAstoria Financial reports Q1 EPS 17c, consensus 15c
Reports Q1 book value per share $14.68. Core deposits increased $129.7M from December 31, 2014 to $6.9B and represent 74% of deposits at March 31, 2015, up from 72% at December 31, 2014.
April 21, 2015
05:45 EDTCSCredit Suisse sees momentum to carry over from Q1 into Q2
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05:45 EDTCSCredit Suisse reports Q1 net income CHF 1.05B vs. CHF 859M
Reports Q1 core pre-tax income of CHF 1.54B. Reports Q1 revenue CHF 6.67B vs. CHF 6.47B last year. Reports look-through CET1 ratio of 10% as of the end of Q1.
April 15, 2015
10:19 EDTCSOptions with decreasing implied volatility
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06:41 EDTCSECB authorizes new emergency funding for Greek banks, Reuters reports
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