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Stock Market & Financial Investment News

News Breaks
April 28, 2014
10:28 EDTC, BAC, JPMBofA near-term tangible book value growth limited, says UBS
UBS believes Bank of America's (BAC) near-term growth in tangible book value will be limited given the company has been forced to lower its capital ratios and multiple press reports say the bank is close to a large settlement related to mortgage-backed securities. UBS does not think BofA shares are expensive, but the firm sees more upside for peers Citibank (C) and JPMorgan (JPM). UBS maintains a Neutral rating on Bank of America.
News For BAC;C;JPM From The Last 14 Days
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November 24, 2014
09:39 EDTCActive equity options trading
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07:01 EDTJPM, C, BACFed could further restrict banks' commodities businesses, NY Times says
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06:26 EDTBACFaith-based investors ask BofA to split chairman, CEO roles, WSJ reports
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November 21, 2014
07:41 EDTJPMGoldman, Morgan Stanley, JPMorgan grilled on commodities, WSJ says
Sen. Carl Levin, the retiring chairman of the Senate Permanent Subcommittee on Investigations, accused Goldman Sachs (GS) of manipulating aluminum markets and also said JPMorgan Chase (JPM) and Morgan Stanley (MS) obscured their investments in metals or natural gas from regulators as representatives of the banks took part in a hearing that is part of a larger probe into their dealings in commodities markets, reported The Wall Street Journal. Reference Link
07:24 EDTJPM, BAC, CBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 20, 2014
07:23 EDTBACBoston Security Analysts Society to hold a conference
Sustainable Investing: Taking the Long View is being held in Boston on November 20.
07:21 EDTCCitigroup's OneMain could receive bids from Springleaf, Centerbridge, WSJ says
Springleaf Holdings (LEAF) and Centerbridge Partners are said to be considering separate bids for OneMain, Citigroup's (C) subprime lending business, The Wall Street Journal reports. The unit could fetch over $4B, a source says. Other sources say the sale process for OneMain is in the early stages and other bidders may emerge. Reference Link
07:11 EDTBACBofA/Merrill to hold a conference
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06:30 EDTJPMSenate panel says banks could influence commodity prices, NY Times says
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November 19, 2014
15:59 EDTCCitigroup latest bank to mull sale of index business, Reuters reports
Citigroup, amid increased regulatory scrutiny, is weighing a sale of its index business, said Reuters, citing two sources familiar with the situation. Reference Link
12:38 EDTJPMSenate Homeland Security & Government Affairs Committee to hold a hearing
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08:27 EDTCCiti cuts 35 capital markets jobs in London, Reuters reports
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07:51 EDTC, BAC, JPMClearing House Payments Company to hold a conference
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07:37 EDTJPM, CCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 18, 2014
09:01 EDTJPMJPMorgan announces municipal bond agreement with LPL Financial
JPMorgan Chase & Co. (JPM) announced that it has signed an agreement with LPL Financial (LPLA) to provide access to new issue municipal bonds to LPL financial advisors. Under the agreement, LPL will be a preferred retail dealer for J.P. Morgan, further expanding the investment bankís distribution channels for new issue municipal bonds.
November 17, 2014
14:16 EDTCCitigroup reports October credit loss 2.18% vs. 2.53% last month
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10:15 EDTBACBank of America reports October default rate 2.81% vs. 2.93% last month
Reports October delinquency rate 1.94% vs. 1.92% last month.
10:06 EDTJPMSears Canada, JPMorgan Chase announce changes to credit card program
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06:18 EDTJPMJPMorgan reports October net credit losses 2.26% vs. 2.24% last month
Reports October delinquency rate 1.34% vs. 1.30% last month.
November 16, 2014
17:42 EDTJPMJPMorgan settles mineral rights suit in Texas, Bloomberg says
JPMorgan settled a lawsuit by Texas mineral-rights owners that accused the bank of negotiating "sweetheart deals" with oil company clients to cheat them out of $681M in compensation, says Bloomberg. Beneficiaries of the South Texas Syndicate Trust alleged that JPMorgan entered into favorable deals for its commercial banking clients on the trustís rights in the Eagle Ford, added Bloomberg. Reference Link
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