New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 6, 2014
04:55 EDTALLY, ALLY, BBT, BBT, COF, COF, DFS, DFS, FITB, FITBDeutsche Bank to hold a conference
2014 Regional Banks Conference is being held in Boston on May 6 and in Chicago on May 7.
News For ALLY;BBT;COF;DFS;FITB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 19, 2014
09:12 EDTALLYAlly Financial 54.926M share Spot Secondary priced at $23.25
Subscribe for More Information
06:32 EDTALLYAlly Financial received DOJ subpoena over subprime automotive finance
Ally Financial disclosed in a regulatory filing last night that it recently received a subpoena from the Department of Justice requesting information in connection with its investigation related to subprime automotive finance and related securitization activities. Other financial institutions have disclosed receiving similar requests earlier this year, it added. Ally Financial also announced that at the request of the DOJ, it recently entered into an agreement to voluntarily extend the statutes of limitations to allow the agency to continue its investigation of potential claims under the False Claims Act related to representations made by Ally regarding Residential Capital, the company's former mortgage subsidiary, in connection with investments in Ally made by the United States Department of the Treasury pursuant to the Troubled Asset Relief Program beginning six years ago, in December 2008.
December 18, 2014
18:22 EDTALLYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Red Hat (RHT), up 9.3%... Pier 1 Imports (PIR), up 8%... NQ Mobile (NQ), up 9.3%... Cintas (CTAS), up 6.3%. ALSO HIGHER: Aratana Therapeutics (PETX), up 25.9% after candidate for dog osteoarthritis shows positive results... Ally Financial (ALLY), up 5% after announcing that it will exit the Troubled Asset Relief Program. DOWN AFTER EARNINGS: Nike (NKE), down 2.7%. ALSO LOWER: American Apparel (APP), down 2.8% after New York Post reports on takeover bid.
17:35 EDTALLYAlly Financial to exit Troubled Asset Relief Program
The U.S. Department of the Treasury launched an offering to sell its remaining 54,926,296 shares of Ally common stock. Upon completion of the transaction, Ally will exit the Troubled Asset Relief Program . Prior to this transaction, the U.S. Treasury has received $18.3B on a $17.2B investment in Ally, representing excess proceeds of $1.1B thus far.
17:22 EDTALLYAlly Financial files automatic common stock shelf
December 17, 2014
16:33 EDTCOFCapital One initiated with a Hold at Jefferies
Subscribe for More Information
16:33 EDTALLYAlly Financial initiated with a Buy at Jefferies
Target $27.
16:32 EDTDFSDiscover initiated with a Buy at Jefferies
Target $75.
13:21 EDTDFSDiscover assumed with an Overweight at Morgan Stanley (pre-open)
Subscribe for More Information
December 16, 2014
09:59 EDTBBTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
December 15, 2014
16:12 EDTBBTBB&T initiated with a Neutral at Guggenheim
08:15 EDTDFSDiscover reports November net charge-offs 1.87% vs. 1.53% last month
Reports November delinquency rate 1.52% vs. 1.53% last month.
07:27 EDTCOFCapital One reports November charge-off rate 3.47% vs. 3.16% last month
Subscribe for More Information
December 12, 2014
08:09 EDTBBTBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 10, 2014
10:44 EDTBBTBB&T CEO says managing expenses in this environment 'really hard'
BB&T (BBT) says sees consumer, business confidence improving in 2015. Expects that 2015 will not be a "break out" year. Says still challenges to increase revenue in U.S. market. Says long-term goals include: Less-volatile results, growing dividends, capital return, growing share price. Sees "solid" revenue year in 2015, will remain "intensely focused" on expenses. Says managing expenses in this environment "really hard." Says "well prepared" to successfully execute on Susquehanna (SUSQ) acquisition. Says feels "substantially" better about global economy than last year, though notes that it has eroded "some" since last year in certain regions. Says regulators feeling "more comfortable with where banks are." Says dividends "really important" to company. Says capital request to be substantially higher in 2015, likely in the 60% range. Says not chasing growth for growth's sake. BB&T CEO Kelly King is presenting at the Goldman Sachs U.S. Financial Services Conference.
08:24 EDTDFSDiscover sees efficiency ratio modestly above target next year
08:23 EDTDFSDiscover says performance against 2014 priorities good except in mortgages
Discover Financial CEO David Nelms says performance year-to-date against its 2014 priorities has been generally good, with the exception of its goal to expand in mortgages. Aside from mortgages, its efforts to expand direct consumer banking products has been good, the executive indicated.
08:13 EDTDFSDiscover sees over $35M in extra 2015 costs for EMV card issuance
Subscribe for More Information
December 9, 2014
10:23 EDTFITBOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:43 EDTFITBFifth Third Bancorp initiated with a Buy at Guggenheim
Subscribe for More Information
1 | 2 | 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