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Stock Market & Financial Investment News

News Breaks
March 30, 2012
10:14 EDTAH, XRTX, USB, SEM, RTN, KND, INVN, IPR, FTE, RIMMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Accretive Health (AH) downgraded to Neutral from Outperform at RW Baird...France Telecom (FTE) downgraded to Sell from Neutral at Citigroup...International Power (IPR) downgraded to Neutral from Buy at Citigroup...InvenSense (INVN) downgraded to Perform from Outperform at Oppenheimer...Kindred Healthcare (KND) downgraded to Market Perform from Outperform at Wells Fargo...Raytheon (RTN) downgraded to Sector Perform from Outperform at RBC Capital...Select Medical (SEM) downgraded to Market Perform from Outperform at Wells Fargo...U.S. Bancorp (USB) downgraded to Market Perform from Outperform at BMO Capital...Xyratex (XRTX) downgraded to Hold from Buy at Needham...Research in Motion (RIMM) downgraded to Underperform at FBR Capital.
News For AH;FTE;IPR;INVN;KND;RTN;SEM;USB;XRTX;RIMM From The Last 14 Days
Check below for free stories on AH;FTE;IPR;INVN;KND;RTN;SEM;USB;XRTX;RIMM the last two weeks.
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September 12, 2014
07:41 EDTUSBBank lending grew in quarter, with Capital One leading pack, WSJ reports
Total loans outstanding at U.S. banks and thrifts grew by $178.5B in the second quarter, with Capital One Financial (COF) leading the big banks by growing its loans at an annualized rate of 12.5%, according to SNL Financial data, reported The Wall Street Journal. SNL said 14 of the 15 largest U.S. banks increased their lending, with only Bank of America (BAC) issuing fewer loans than the quarter before, largely attributed to a drop in U.S. closed-end residential mortgages, the report noted. Other publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:35 EDTUSBApple getting discounted card fees for Apple Pay, NY Times reports
Banks are charging Apple lower than usual credit card fees for the tech giant's new mobile payment system, according to The New York Times. The banks hope that participating in Apple Pay will enable them to process transactions that aren't currently being paid for with credit cards, the newspaper explained. The banks and credit card networks also hope to use Apple Pay to prevent technologies that don't incorporate banks from becoming popular, The Times reported. Publicly traded credit card networks include American Express (AXP), Capital One (COF), Discover (DFS), MasterCard (MA) and Visa (V). Publicly traded banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC)..Reference Link
September 11, 2014
07:21 EDTUSBBankruptcy bill focused on big bank failure moves past committee, WSJ says
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September 10, 2014
08:02 EDTRTNRaytheon upgrades to Tomahawk pass flight tests
Raytheon and the U.S. Navy completed successful back-to-back Tomahawk cruise missile flight tests that validated recent software improvements. The upgrades improve weapon system performance.
07:16 EDTUSBRepublicans, Democrats both push for harder 'too big to fail' rules, WSJ says
Lawmakers from both the Republican and Democrat sides of the aisle urged U.S. regulators to push forward additional regulations to ensure the biggest banks aren't "too big to fail," said The Wall Street Journal. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:35 EDTUSBFed may raise capital requirement for some banks to 11.5%, NY Times reports
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September 9, 2014
13:37 EDTINVNInvenSense rises 2.5% during Apple iPhone launch event
InvenSense (INVN) provides intelligent motion processing solutions. Apple (AAPL) discussed the motion sensing capabilities of its new phone during the launch presentation.
07:13 EDTUSBU.S. Bancorp long-term goals include ROE 16%-19%
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06:33 EDTUSBFed looks set to pressure large banks to shrink, NY Times says
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September 5, 2014
09:17 EDTINVNInvenSense recent price action creates attractive entry point, says RW Baird
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September 4, 2014
06:40 EDTUSBAgencies finalize liquidity rule for large banks
The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency finalized a rule yesterday that they said would strengthen the liquidity positions of large financial institutions. The rule will for the first time create a standardized minimum liquidity requirement for large and internationally active banking organizations., according to the agencies. Each institution will be required to hold high quality, liquid assets, or HQLA, such as central bank reserves and government and corporate debt that can be converted easily and quickly into cash in an amount equal to or greater than its projected cash outflows minus its projected cash inflows during a 30-day stress period, the agencies explained. The ratio of the firm’s liquid assets to its projected net cash outflow is its “liquidity coverage ratio,” or LCR, they said. The LCR will apply to all banking organizations with $250B or more in total consolidated assets or $10B or more in on-balance sheet foreign exposure and to these banking organizations’ subsidiary depository institutions that have assets of $10B or more, the agencies reported. The rule also will apply a less stringent, modified LCR to bank holding companies and savings and loan holding companies that do not meet these thresholds, but have $50B or more in total assets. Bank holding companies and savings and loan holding companies with substantial insurance or commercial operations are not covered by the final rule. The final rule is largely identical to the proposed rule, with a few key adjustments in response to comments from the public, the agencies stated. Those adjustments include changes to the range of corporate debt and equity securities included in HQLA, a phasing-in of daily calculation requirements, a revised approach to address maturity mismatch during a 30-day period, and changes in the stress period, calculation frequency, and implementation timeline for the bank holding companies and savings and loan companies subject to the modified LCR. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
September 3, 2014
07:29 EDTUSBFinal liquidity, swaps margin rules to be unveiled today, Reuters says
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06:34 EDTUSBFBI hasn't found evidence JPMorgan hack hit other big banks, WSJ reports
The FBI hasn't found any evidence to suggest that the recent breach at JPMorgan hit any of the other big U.S. banks, the Wall Street Journal reports, citing four people close to the probe. JPMorgan said it isn't experiencing "unusual amounts of fraud," and, according to two sources, consumers "likely don't face a serious risk." Reference Link
September 2, 2014
12:18 EDTINVNInvenSense volatility at historic low as shares near record high
InvenSense overall option implied volatility of 43 is below its 26-week average of 48 according to Track Data, suggesting decreasing price movement.
August 31, 2014
13:35 EDTINVNRoth Capital to hold a conference
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