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Stock Market & Financial Investment News

News Breaks
March 14, 2013
17:01 EDTC, STI, PNC, FITB, BAC, WFC, STT, MS, COF, AXP, USB, RF, KEY, BKFed accepts capital plans for 14 banks without conditions
The Federal Reserve did not object to the capital plans for American Express Company (AXP); Bank of America Corporation (BAC); The Bank of New York Mellon Corporation (BK); Capital One Financial Corporation (COF); Citigroup (C); Fifth Third Bancorp (FITB); KeyCorp (KEY); Morgan Stanley (MS); The PNC Financial Services Group (PNC); Regions Financial Corporation (RF); State Street Corporation (STT); SunTrust Banks (STI); U.S. Bancorp (USB); and Wells Fargo & Company (WFC).
News For AXP;BAC;BK;COF;FITB;KEY;MS;PNC;RF;STT;STI;USB;WFC;C From The Last 14 Days
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July 21, 2015
06:43 EDTFITBFifth Third sees $155M share repurchase completed on or before July 28
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06:36 EDTBKBNY Mellon reports Q2 EPS 73c, consensus 66c
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06:33 EDTFITBFifth Third reports Q2 EPS 36c, consensus 38c
Reports Q2 return on assets of 0.90%, return on average common equity of 8.1%, return on average tangible common equity of 9.7%. Reports Q2 pre-povision revenue of $496M. Reports Q2 net charge-offs declined 15%. Reports Common equity Tier 1 ratio of 9.41%. Reports Tier 1 risk-based capital ratio of 10.49%. Reports tangible common equity ratio of 8.51%. Reports book value per share of $17.62.
06:07 EDTMSONUG: Yahoo hires VP of global network from Symantec
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06:02 EDTRFRegions Financial reports Q2 ending loans totaled $80B, up 5% from last year
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06:00 EDTRFRegions Financial reports Q2 EPS 20c, consensus 20c
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July 20, 2015
16:01 EDTC, BACOptions Update; July 20, 2015
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15:01 EDTRF, FITB, BKNotable companies reporting before tomorrow's open
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13:03 EDTC, MS, BAC, WFC, STT, BKFed proposes final rule on capital surcharges for largest U.S. banks
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12:08 EDTMSOn The Fly: Top stock stories at midday
Stocks on Wall Street were slightly higher at midday in the first trading day of a week that will be light on domestic economic data but heavy on earnings reports. Investors will be receiving profit reports from about 25% of the companies on the S&P 500 this week, making this the highest volume earnings week of this season. ECONOMIC EVENTS: In the U.S., no major data was released. In Europe, Greece reopened its banks three weeks after closing as the country worked out another bailout agreement. The country announced it has started the process of paying off its creditors, including the European Central Bank and the International Monetary Fund, with a bridge loan it just received. COMPANY NEWS: Lockheed Martin (LMT) agreed to buy the Sikorsky Aircraft business from United Technologies (UTX) for $9B, noting the price is "effectively reduced" to $7.1B after taking into account tax benefits resulting from the transaction. Shares of Lockheed, which also reported better than expected second quarter results and increased its fiscal year guidance, gained nearly 2% after the Sikorsky announcement and saying it will conduct a strategic review of its government IT infrastructure services business and technical services business... Shares of Morgan Stanley (MS) shares were little changed near noon after the bank reported earnings and revenue, excluding certain adjustments, that topped analysts' consensus forecasts... SunEdison (SUNE) announced a deal to acquire Vivint Solar (VSLR) for approximately $2.2B, payable in a combination of cash, shares of SunEdison common stock and SunEdison convertible notes. In connection with the proposed acquisition of Vivint Solar, SunEdison has entered into a definitive purchase agreement with a subsidiary of TerraForm Power (TERP) which, concurrently with the completion of SunEdison's acquisition of Vivint, will acquire Vivint Solar's rooftop solar portfolio, consisting of 523 MW expected to be installed by year-end 2015, for $922M in cash. Shares of Vivint rose 44% following the announcement, while SunEdison's stock gained 4% and TerraForm dropped 3%. Fellow residential solar installer SolarCity (SCTY), which is backed by Tesla's (TSLA) Elon Musk, rose 7% following the deal in the space. MAJOR MOVERS: Among the notable gainers was Exelixis (EXEL), which rallied 43% after the company reported that a study of cabozantinib in metastatic renal cell carcinoma met its primary endpoint of significant improvement in progression-free survival. The shares were indicated to rise even more in early pre-market trading, but lost some of their gains after Bristol-Myers (BMY) announced that its Opdivo study was stopped early after showing superior overall survival in a Phase 3 study of previously treated patients with advanced or metastatic renal cell carcinoma. Bristol-Myers rose a bit less than 1% to trade near $70 per share after its own announcement. Also higher was PayPal (PYPL), which gained more than 5.5% in its first day of trading after being spun out of eBay (EBAY). Meanwhile, eBay shares rose over 2%. Cal-Maine Foods (CALM) dropped 8% after posting lower than expected sales and profits in its fourth quarter and warning that while it should have an adequate supply of its primary feed ingredients, the company expects that prices will be "volatile" in the year ahead. Also lower were shares of several gold miners, including Barrick Gold (ABX) and Newmont Mining (NEM), which each fell about 11%, as gold prices declined about 2% near midday. INDEXES: Near midday, the Dow was up 31.66, or 0.18%, to 18,118.11, the Nasdaq was up 9.81, or 0.19%, to 5,219.96, and the S&P 500 was up 2.82, or 0.13%, to 2,129.46.
10:00 EDTSTIOn The Fly: Analyst Downgrade Summary
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09:34 EDTBACActive equity options trading on open
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09:22 EDTMSOn The Fly: Pre-market Movers
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08:47 EDTMSMorgan Stanley CFO: Retail investor activity yet to increase from subdued levels
Morgan Stanley CFO Jonathan Pruzan said the firm's view on Wealth Management remains positive as the recovery plays out in the U.S., with growth expected to come from its bank strategy and fee-based program. "We continue to see softness in transactional revenues, which were down 8% compared to last quarter as retail investor activity has yet to increase from subdued levels," Pruzan added.
08:43 EDTMSMorgan Stanley CEO says firm should benefit from being overweight U.S.
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07:10 EDTMSMorgan Stanley rises 3.8% to $41.75 in pre-market after Q2 earnings beat
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07:05 EDTMSMorgan Stanley reports tangible book value per common share $29.54
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07:04 EDTMSMorgan Stanley reports Q2 Wealth Management net revenues $3.9B
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07:01 EDTMSMorgan Stanley reports Q2 EPS ex DVA 79c, consensus 74c
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06:26 EDTSTISunTrust downgraded to Market Perform from Outperform at BMO Capital
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