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Stock Market & Financial Investment News

News Breaks
March 15, 2013
14:37 EDTAXP, JPM, MS, DFS, EOG, GS, C, ULTA, COF, CHK, WFC, BAC, KKDStocks set to end week higher as data helps lift shares
Stronger than expected U.S. economic data have left the market poised for yet another weekly advance... MACRO NEWS: The U.S. government reported lower than expected weekly jobless claims and an index of retail sales for February came in significantly higher than expected. However, an index of consumer sentiment for March was meaningfully below economists' consensus estimate... Economic data out of China, meanwhile, was somewhat weak, as the country reported that its industrial production rose 9.9% in January and February, the smallest advance since October 2012... COMPANY NEWS: The Fed approved the capital allocation plans of most of the nation's largest banks, including Bank of America (BAC), Citigroup (C), Morgan Stanley (MS) and Wells Fargo (WFC). The Fed did not object to the substance of capital plans submitted by Goldman Sachs (GS) and JPMorgan (JPM), but required those two institutions to submit new plans to address "weaknesses in their capital planning processes." The central bank also approved capital plans submitted by American Express (AXP), Capital One (COF) and Discover Financial (DFS)... Most natural gas stocks advanced significantly this week as the price of the commodity rose... On a negative note, Krispy Kreme (KKD), which sells doughnuts and coffee, sank after reporting lower than expected fourth quarter adjusted earnings per share. Also, Ulta Salon (ULTA), a retailer that specializes in beauty products, plunged after its first quarter guidance came in below analysts' consensus estimate.
News For BAC;C;MS;WFC;GS;JPM;CHK;EOG;AXP;COF;DFS;KKD;ULTA From The Last 14 Days
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February 3, 2016
05:16 EDTGS, CStocks with implied volatility movement; GS C
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February 2, 2016
18:39 EDTMS, JPMAlibaba leads $794M funding round for augmented reality firm Magic Leap
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15:16 EDTEOGS&P takes rating actions on U.S. investment-grade E&P companies
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13:00 EDTMSMorgan Stanley, FDIC reach $62.95M settlement over mortgage-backed securities
The Federal Deposit Insurance Corporation announced a $62.95M settlement of residential mortgage-backed securities claims against Morgan Stanley. The funds will be distributed among the receiverships for three failed banks related to the case -- Colonial Bank, Security Savings Bank and United Western Bank. The settlement, reached in coordination with the Justice Department, resolves federal and state securities law claims based on "misrepresentations" in the offering documents for 14 RMBS purchased by the three banks, the FDIC said. Reference Link
12:19 EDTWFCWells Fargo settles with SEC over municipal securities underwriting violations
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11:53 EDTCCiti agrees to $23M 'ice breaker' yen Libor settlement, Reuters reports
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10:49 EDTGSGoldman Sachs Asia unit censured by Hong Kong regulator
The Securities and Futures Commission, SFC, has publicly censured Goldman Sachs Asia for breaches of the Code on Takeovers and Mergers whilst acting as a financial advisor to Wing Hang Bank, Limited in relation to a voluntary general offer for the bank. Goldman Sachs' conduct fell far short of the standards expected of a financial advisor under the Takeovers Code in that between 8 November 2013 and 6 January 2014: Goldman Sachs executed 111 trades in the securities of Wing Hang Bank without making the requisite dealing disclosures and no prior consent was obtained as required for 26 of these trades ; and Goldman Sachs failed to comply with the restrictions on issue and distribution of research reports in relation to the research reports it published on Wing Hang Bank. In deciding the sanction, the SFC took into account Goldman Sachs' cooperation and self-reporting of the breaches. Reference Link
10:00 EDTMSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: DuPont Fabros (DFT) upgraded to Buy from Hold at Evercore ISI... GOL Linhas (GOL) upgraded to Neutral from Sell at Goldman... Integrated Device (IDTI) upgraded to Outperform from Neutral at Wedbush... Julius Baer (JBAXY) upgraded to Hold from Sell at Deutsche Bank... Kohl's (KSS) upgraded to Buy from Neutral at Buckingham... Mattel (MAT) upgraded on positive catalysts at Stifel... Mitsubishi sees limited downside for Tableau (DATA), ups to Neutral ... Morgan Stanley (MS) upgraded to Outperform from Neutral at Macquarie... Netflix (NFLX) upgraded to Overweight from Neutral at Piper Jaffray... Realty Income (O) upgraded to Equal Weight from Underweight at Morgan Stanley... TJX (TJX) upgraded to Outperform from Market Perform at BMO Capital.
09:36 EDTBACActive equity options trading on open
Active equity options trading on open: FB AAPL BAC GOOGL NFLX GOOG XOM TWTR LVS
07:20 EDTMSSEC Equity Market Structure Advisory Committee to hold a meeting
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06:48 EDTMSMorgan Stanley upgraded to Outperform from Neutral at Macquarie
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05:40 EDTMSOaktree-backed AdvancePierre picks Barclays for IPO, Bloomberg reports
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February 1, 2016
16:01 EDTBAC, CHKOptions Update; February 1, 2016
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11:45 EDTJPMJPMorgan to buy almost $1B worth of LendingClub personal loans, WSJ says
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10:51 EDTBACActive calls; INTC CVS TWTR APC BAC
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09:36 EDTC, BACActive equity options trading on open
Active equity options trading on open: BAC AAPL FB AMZN TWTR MGM MCD NFLX GILD INTC TSLA AA BABA C
06:46 EDTMSBlackstone shops IT outsourcing firm in China, WSJ reports
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06:17 EDTJPMJPMorgan testing blockchain project, FT reports
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January 31, 2016
20:43 EDTWFC, BAC, JPM, COn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
12:33 EDTBAC, WFC, GS, MS, C, JPMU.S. banks could return 20% or more, Barron's says
The banking sector looks like "one of the best bargains in the market," Barron's contends in a cover story. Names such as Citi (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), BB&T (BBT), PNC Financial (PNC), SunTrust (STI) and U.S. Bancorp (USB) are showing healthy balance sheets and could offer "at least" 20% upside, the publication argues, adding that the industry's exposure to the energy sector "looks manageable" given information offered in recent earnings reports and conference calls. Reference Link
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