News Breaks |
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| January 7, 2013 |
| 11:12 EDT |  | STI, UBS, BAC, C, JPM, WFC, MET, PNC | OCC says IFR settlement to speed recovery in nation’s housing markets
The Office of the Comptroller of the Currency released the following statement by Comptroller of the Currency Thomas Curry regarding the settlement with 10 mortgage servicers subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing: "When we began the Independent Foreclosure Review, the OCC pledged to fix what was broken, identify who was harmed, and compensate them for that injury. While today’s announcement represents a significant change in direction, it meets those original objectives by ensuring that consumers are the ones who will benefit, and that they will benefit more quickly and in a more direct manner. We have learned a great deal from the reviews that have been conducted to date. However, it has become clear that carrying the process through to its conclusion would divert money away from the impacted homeowners and also needlessly delay the dispensation of compensation to affected borrowers. Our new course of action will get more money to more people more quickly, and it will speed recovery in the nation’s housing markets." |
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News For BAC;C;JPM;WFC;MET;PNC;STI;UBS From The Last 14 Days Check below for free stories on BAC;C;JPM;WFC;MET;PNC;STI;UBS the last two weeks. |
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| May 24, 2013 |
| 12:34 EDT |  | BAC | Bank of America seeking buyers for 40 branches, Bloomberg reports
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| May 23, 2013 |
| 16:00 EDT |  | C | Options Update; May 23, 2013
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| 14:45 EDT | | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
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| 11:56 EDT | | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. |
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| 10:08 EDT |  | STI | On The Fly: Analyst Upgrade Summary
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| 08:10 EDT |  | JPM | JPMorgan compelling at current levels, says RW Baird
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| 07:45 EDT | | STI | SunTrust upgraded to Buy from Neutral at Guggenheim
Guggenheim upgraded SunTrust based on the rebound in residential real estate, an improving regional economy, excess capital deployment and valuation. |
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| 07:12 EDT | | BAC, JPM | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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| 06:32 EDT | | JPM | Dimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link |
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| 06:29 EDT | | JPM, UBS | Software firm Luxoft files for IPO in New York, Bloomberg reports
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| 06:08 EDT | | JPM, BAC | On the Fly: Periodicals Wrap-Up
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| 05:48 EDT | | JPM | Proxy advisers see their power diminish, WSJ reports
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| May 22, 2013 |
| 16:00 EDT | | C | Options Update; May 22, 2013
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| 14:54 EDT | | JPM | JPMorgan not likely to add new board members soon, Bloomberg says
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| 13:04 EDT | | UBS | UBS to face whistle-blower suit brought by strategist, Bloomberg says
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| 10:31 EDT |  | JPM | JPMorgan spikes higher along with peers, levels to watch
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| 10:00 EDT |  | STI, UBS | On The Fly: Analyst Downgrade Summary
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| 09:02 EDT | | JPM, WFC, BAC, C | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. |
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| 07:45 EDT | | C | Citigroup price target raised to $60 from $53 at Credit Suisse
Credit Suisse said Citigroup's International markets have had faster growth and provide a source of additional revenue opportunity. The firm expects 2013 ROE of 13.2% vs. 11.9% in 2012 and sees positive operating leverage driving improved profitability. Shares are Outperform rated. |
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| 07:22 EDT |  | BAC | Dun & Bradstreet to hold a conference
2013 Access to Capital is being held in Chicago on May 22. |
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