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Stock Market & Financial Investment News

News Breaks
January 7, 2013
11:06 EDTBAC, C, JPM, MET, PNC, STI, UBS, WFCTen mortgage servicing companies reach $8.5B agreement with Fed, OCC
Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency and the Federal Reserve Board to pay more than $8.5B in cash payments and other assistance to help borrowers. The sum includes $3.3B in direct payments to eligible borrowers and $5.2B in other assistance, such as loan modifications and forgiveness of deficiency judgments. This agreement includes Aurora, Bank of America (BAC), Citibank (C), JPMorgan Chase (JPM), MetLife Bank (MET), PNC (PNC), Sovereign, SunTrust (STI), U.S. Bank (USB), and Wells Fargo (WFC).
News For BAC;C;JPM;MET;PNC;STI;UBS;WFC From The Last 14 Days
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October 9, 2014
16:00 EDTBAC, COptions Update; October 9, 2014
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13:52 EDTCAttorney General announces agreement with Citi to return $16M to customers
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11:22 EDTWFCWells Fargo October volatility increases into Q3 and guidance
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09:38 EDTCActive equity options trading on open
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08:34 EDTMETMetLife, Panattoni to develop three new industrial parks for nearly $63M
MetLife will develop three new industrial distribution parks for nearly $63M in the Seattle area with the Panattoni Development Company, a privately held, national developer based in Newport Beach, Calif. The greenfield sites will add more than 900,000 square feet of high-quality warehouse space in the Seattle region. MetLife will be the majority owner and Panattoni will be the managing minority partner. The largest of the projects is the Des Moines Creek Business Park, which will comprise three buildings totaling 535,830 square feet on a 37-acre site. Construction of the three greenfield warehouse sites will create a total of 600 jobs. Construction is expected to be completed by mid-2015 for Steele and Tamarack, and by the end of 2015 for Des Moines.
06:45 EDTJPM, BACBofA finalizes oil financing agreement with PES, Reuters says
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06:40 EDTJPM, CSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:39 EDTJPM, CFidelity attacked by JPMorgan hackers, but no data stolen, FT reports
Fidelity Investments was among 13 financial institutions attacked by hackers who are believed to have been responsible for a breach at JPMorgan Chase, but there is no indication that Fidelity customer data were stolen, the Financial Times reports, citing two sources. Reference Link
06:37 EDTJPM, CJPMorgan hackers linked to 13 other possible breaches, Bloomberg says
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06:35 EDTCCitigroup to return $16M to customers for fees on investment accounts, WSJ says
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06:33 EDTC, BACCitigroup 2015 consensus may be 10% too high, says Deutsche Bank
Deutsche Bank believes the IPO of OneMain, the consumer finance unit within Citi Holdings, and higher expenses create 10% risk to the 2015 consensus estimate of $5.40 for Citigroup. Deutsche says shedding OneMain would lower Citigroup's (C) annual earnings by about 20c. The firm says the bank's Q3 results could top expectations, however, on better than expected currency trading. Deutsche continues to prefer Bank of America (BAC) to Citi, saying its confident consensus estimates for the former are reasonable. It has a Hold rating on Citi and Buy rating on Bank of America.
October 8, 2014
18:26 EDTC, JPMCitigroup, Etrade, others attacked by same JPMorgan hackers, Bloomberg reports
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12:02 EDTCCitigroup's OneMain Financial preparing for $50M IPO, NY Times reports
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08:34 EDTBACBank of America October volatility increases into Q3 and outlook
Bank of America October call option implied volatility is at 28, November is at 23, January is at 22; compared to its 26-week average of 24 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on October 15.
08:06 EDTCAstoria Financial appoints Hugh J. Donlon as Chief Lending Officer
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07:36 EDTUBSPeterson Institute for International Economics to hold a discussion
Board of Directors Chairman of UBS AG, Axel Weber, discusses whether the global economy can heal and if inflation will make a comeback in 2015 in a webcast being held on October 8 at 12:15 pm. Webcast Link
07:20 EDTWFCCapital Link to hold a forum
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07:13 EDTJPM, C, BAC, WFCBank dealers agree to revised derivatives rules, FT reports
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06:56 EDTJPM, WFCBarclays lists several Large-Cap banks with the most Q3 upside
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06:28 EDTSTIM&T Bank, SunTrust may miss Q3 expectations, says Citigroup
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