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Stock Market & Financial Investment News

News Breaks
March 14, 2013
19:11 EDTGS, GLDD, COF, BBT, ARO, OGE, DFS, JPM, ULTA, CNP, BACOn The Fly: After Hours Movers
HIGHER: A number of financial companies, including Bank of America (BAC), up 3.2%, Discover (DFS), up 2.9%, and Capital One (COF), up 1.2%, advanced after the Federal Reserve approved their respective capital plans for 2013... CenterPoint Energy (CNP), up 4% after announcing a midstream partnership with OGE Energy (OGE)... DOWN AFTER EARNINGS: Great Lakes Dredge (GLDD), down 33% after reporting earnings, saying it would restate Q2 and Q3 revenue in its demolition segment, and announcing the departure of its COO... Ulta Salon (ULTA), down 10.8%... Aeropostale (ARO), down 7.3%... ALSO LOWER: Goldman Sachs (GS), down 1.8%, and JPMorgan (JPM), down 2.1% after the Federal Reserve said the companies need to submit new capital plans by the end of Q3 to address certain weaknesses... BB&T (BBT), down 2.9% after the Federal Reserve objected to some elements of its capital plan.
News For BAC;DFS;COF;CNP;OGE;GLDD;ULTA;ARO;GS;JPM;BBT From The Last 14 Days
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May 21, 2015
14:47 EDTCOFCapital One upgraded to Buy from Hold at Rafferty Capital
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06:00 EDTCOFCapital One removed from Priority Stock List at Wells Fargo
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May 20, 2015
16:26 EDTJPMOn The Fly: Top stock stories for Wednesday
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16:00 EDTBACOptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
12:33 EDTJPMOn The Fly: Top stock stories at midday
Stocks began the session relatively unchanged from yesterday’s close and continue to trade in a holding pattern as investors await the release of the minutes from the Federal Reserve's last FOMC meeting. ECONOMIC EVENTS: In the U.S., EIA inventory data showed a 2.67M barrel fall in crude stocks, versus expectations for a 1.75M barrel decrease. The Federal Reserve is scheduled to release the minutes from its last rate setting meeting at 2 pm EDT. In Asia, Japan's GDP accelerated to a 2.4% growth pace in the first quarter, which was much better than expected. Japanese stock markets rallied on the news, sending the Nikkei 225 average to its best level in 15 years. COMPANY NEWS: Five of the world's largest banks - Citi (C), JPMorgan Chase (JPM), Barclays (BCS), The Royal Bank of Scotland (RBS) and UBS (UBS) - agreed to pay more than $5B and plead guilty to felony charges related to manipulating foreign currencies and interest rates. In conjunction with previously announced settlements with regulatory agencies in the United States and abroad, today’s resolutions bring the total fines and penalties paid by these five banks for their conduct in the foreign exchange spot market to nearly $9B, the Department of Justice stated... Target (TGT) shares advanced 1% after the retailer's first quarter earnings topped expectations and it raised the low-end of its fiscal year profit forecast. Brian Cornell, chairman and CEO of Target, said the company was pleased with its first quarter traffic and sales, particularly in its signature categories, which drove better-than-expected profitability through improved gross margin and continued expense management. MAJOR MOVERS: Among the notable gainers was Sarepta Therapeutics (SRPT), which rallied 53% after the company announced that, following meetings with the FDA, it would submit its eteplirsen drug to the FDA for approval on a rolling basis, with various components of the application being submitted separately. Eteplirsen is a treatment for Duchenne muscular dystrophy, or DMD. Also higher was Pep Boys (PBY), which gained 14% after The Wall Street Journal said private equity firm Golden Gate Capital and other potential suitors have expressed interest recently in buying the company. Among the noteworthy losers was Etsy (ETSY), which operates an online marketplace to buy and sell handmade items and vintage goods. The stock, which priced its IPO at $16 and opened for trading at $31 per share, dropped 22% to trade near $16.50 after the company issued its first financial report since coming public in April. Also lower were shares of several airline stocks, led by Southwest (LUV), which was down 8% near noon. In a regulatory filing last night, Southwest indicated it expects FY15 capacity growth to increase 7%-8% and to grow another 6%-7% in FY16. Buckingham downgraded Southwest to Neutral from Buy this morning, stating it has a more cautious revenue outlook for the company due to a worsening backdrop as competitors vow to compete aggressively. INDEXES: Near midday, the Dow was down 6.10, or 0.03%, to 18,306.29, the Nasdaq was up 1.65, or 0.03%, to 5,071.69, and the S&P 500 was down 0.49, or 0.02%, to 2,127.34.
10:15 EDTJPMFive banks agree to parent-level guilty pleas in settlement over forex rigging
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10:09 EDTJPMCiti, JPMorgan, RBS, Barclays, UBS agreed to guilty pleas in forex settlement
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10:08 EDTJPMJPMorgan announces $892M in settlements with DOJ, Fed
JPMorgan Chase announced settlements with the U.S. Department of Justice and the Federal Reserve relating to the bank’s foreign exchange (FX) trading business. Under the DOJ resolution, JPMorgan will plead guilty to a single antitrust violation and pay a fine of $550M. Under the resolution with the Fed, the bank will pay a fine of $342M and has agreed to the entry of a Consent Order. JPMorgan said it has previously reserved for these settlements. These settlements are in addition to agreements announced in November 2014 with the U.K. Financial Conduct Authority, the U.S. Commodity Futures Trading Commission and the U.S. Office of the Comptroller of the Currency relating to the FX trading business. The press release stated, "The conduct underlying the antitrust charge is principally attributable to a single trader (who has since been dismissed) and his coordination with traders at other firms." Jamie Dimon, Chairman and CEO of JPMorgan Chase, said: “The conduct described in the government’s pleadings is a great disappointment to us. We demand and expect better of our people. The lesson here is that the conduct of a small group of employees, or of even a single employee, can reflect badly on all of us, and have significant ramifications for the entire firm. That’s why we’ve redoubled our efforts to fortify our controls and enhance our historically strong culture."
10:01 EDTDFSDiners Club and ABank announce new card-issuing agreement in Turkey
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08:21 EDTJPM, BAC, GSATM data theft soars to highest rate in two decades, WSJ says
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May 19, 2015
18:01 EDTBACAflac names Matthew Owenby as Chief Human Resources Officer
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16:01 EDTBACOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
15:42 EDTJPMBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
09:37 EDTBAC, JPMActive equity options trading on open
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07:13 EDTDFSBarclays to hold a conference
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06:24 EDTBACU.S. Bancorp and Bank of America win dismissal of mortgage claims, Reuters says
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May 18, 2015
16:00 EDTBACOptions Update; May 18, 2015
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09:46 EDTJPM, BACMPLX enters common unit sales agreement for up to $500M
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09:36 EDTBACActive equity options trading on open
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07:12 EDTJPMBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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