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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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April 16, 2014
07:17 EDTUSBU.S. Bancorp reports Q1 EPS 73c, consensus 73c
Reports Q1 revenue $4.81B, consensus $4.8B. U.S. Bancorp Chairman, President and CEO Richard K. Davis said, “Our first quarter earnings of $1.4 billion, or $.73 per diluted common share, demonstrated our Company’s ability to generate strong results in the face of a slow-growing and uncertain economy. Our industry-leading returns on average assets of 1.56 percent and average common equity of 14.6 percent, combined with our strong efficiency ratio of 52.9 percent, remain among the top performance ratios in our peer group. Our performance clearly reflects the advantage of our diversified business mix and disciplined expense management which has enabled us to withstand the revenue challenges facing our industry in this slow-growth economy. Average loan growth remained strong at 6.0 percent year-over-year and 1.3 percent on a linked quarter basis. Total loan and commitment growth continued to be an area of strength for the Bank, particularly highlighted by our commercial business, which grew loans by 8.5 percent year-over-year and 2.8 percent on a linked quarter basis. This growth demonstrates our ability to gain market share as customers choose to partner with us to expand their businesses when opportunities arise. Credit quality continued to be strong in the first quarter as net charge-offs declined 21.2 percent compared with the prior year and rose modestly on a linked quarter basis due to unusually high recoveries in the prior quarter. Nonperforming assets, excluding covered assets, fell by 1.0 percent and delinquencies also improved in the quarter. Overall credit quality is expected to remain relatively stable in the coming quarters."
April 15, 2014
15:19 EDTUSBNotable companies reporting before tomorrow's open
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April 14, 2014
08:32 EDTUSBU.S. Bancorp to acquire document custodian business from Ally Bank
U.S. Bancorp (USB) announced that its lead bank, U.S. Bank National Association, has entered into a definitive agreement to purchase the document custodian business of Ally Bank (ALLY). The acquisition of Ally’s document custodian business, which is expected to close early in the second quarter of 2014, will add up to 40 employees to U.S. Bank, one new service location in Waterloo, Iowa and increase documents under custody by 15%.
April 11, 2014
08:00 EDTRTNRaytheon awarded international contract for Paveway IV for $200M
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07:26 EDTINVNSynaptics InvenSense Q2 results could beat expectations, says Oppenheimer
Oppenheimer believes that the consensus outlook may underestimate the impact of Samsung's (SSNLF) flagship phones on Synaptics (SYNA) and InvenSense (INVN). However, the firm keeps Perform ratings on both stocks.
April 10, 2014
07:21 EDTSEMSelect Medical management to meet with UBS
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06:35 EDTUSBMobile banking presents opportunity and risks for banks, WSJ reports
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April 9, 2014
08:59 EDTSEMSelect Medical management to meet with UBS
Meeting to be held in Baltimore on April 9 hosted by UBS.
06:35 EDTUSBRegulators increase leverage ratio requirement for large banks, NY Times says
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06:27 EDTUSBBig banks must add capital to comply with new rules, WSJ reports
A of January 1, 2018, the U.S.'s eight largest banks -- including Citigroup (C), JPMorgan (JPM) and Goldman Sachs (GS) -- must add up to $68B in extra capital to comply with a new rule intended to help firms weather losses during periods of market stress, the Wall Street Journal. The banks will be required to maintain well above the minimum levels of capital held against assets on their books. Banks must report the new levels next year. Reference Link
April 8, 2014
07:24 EDTRTNPR News to hold a conference
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April 7, 2014
19:57 EDTUSBFederal Reserve announces extension on some CLOs
The Federal Reserve Board announced that it intends to exercise its authority to give banking entities two additional one-year extensions to conform their ownership interests in and sponsorship of certain collateralized loan obligations, or CLOs, covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker rule. Section 619 of the Dodd-Frank Act directed the board to adopt rules for the conformance period and the board previously extended the conformance period for all activities and investments by one year to July 21, 2015. To ensure effective compliance, the board intends to grant banking entities two additional one-year extensions, which together would extend until July 21, 2017, to conform their ownership interests in and sponsorship of CLOs to the statute. Publicly traded companies that may be impacted by the announcement 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
10:00 EDTSEM, KNDOn The Fly: Analyst Upgrade Summary
Agios Pharmaceuticals (AGIO) upgraded to Overweight from Neutral at JPMorgan... Alcoa (AA) upgraded to Hold from Sell at Deutsche Bank... Align Technology (ALGN) upgraded to Outperform from Market Perform at Barrington... Analog Devices (ADI) upgraded to Neutral from Sell at Goldman... B&G Foods (BGS) upgraded to Outperform from Sector Perform at RBC Capital... Citigroup (C) upgraded to Neutral from Underweight at HSBC... Intel (INTC) upgraded to Outperform from Sector Perform at Pacific Crest... JetBlue (JBLU) upgraded to Neutral from Sell at Goldman... Kindred Healthcare (KND) upgraded to Outperform from Sector Perform at RBC Capital... Lennox (LII) upgraded to Outperform from Market Perform at Wells Fargo... Newmont Mining (NEM) upgraded to Hold from Sell at Deutsche Bank... PBF Energy (PBF) upgraded to Buy from Neutral at Citigroup... Renasant (RNST) upgraded to Outperform from Market Perform at Raymond James... Select Medical (SEM) upgraded to Outperform from Sector Perform at RBC Capital... Ultra Petroleum (UPL) upgraded to Outperform from Market Perform at Raymond James... Under Armour (UA) upgraded to Buy from Neutral at Sterne Agee... Hercules Technology (HTGC) upgraded to Buy from Hold at Sandler ONeill... Standard Pacific (SPF) upgraded to Outperform from Market Perform at Raymond James... Yelp (YELP) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Outperform from Perform at Oppenheimer... Pandora (P) upgraded to Outperform from Neutral at Wedbush.
10:00 EDTSEMSelect Medical rises 3.8%
Select Medical is up 3.8%, or 48c, to $13.07
10:00 EDTKNDKindred Healthcare rises 4.7%
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08:45 EDTINVNInvenSense price target raised to $27 from $20 at Pacific Crest
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08:32 EDTKNDKindred Healthcare upgraded at RBC Capital
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08:21 EDTSEMSelect Medical upgraded at RBC Capital
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06:30 EDTSEMSelect Medical upgraded to Outperform from Sector Perform at RBC Capital
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06:30 EDTKNDKindred Healthcare upgraded to Outperform from Sector Perform at RBC Capital
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