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Stock Market & Financial Investment News

News Breaks
April 9, 2014
07:00 EDTBAC, INTCBofA, Intel fire 3K workers, leaving Costa Rica shocked, Bloomberg says
Bank of America (BAC) and Intel (INTC) have shocked Costa Rica’s government by announcing that they would fire about 3K workers in the country just two days after the opposition won a presidential runoff, according to Bloomberg, citing comments from an Intel spokesman and the head of Costa Rica’s foreign investment promotion agency. Reference Link
News For BAC;INTC From The Last 14 Days
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July 16, 2014
07:47 EDTINTCIntel price target raised to $50 from $40 at Drexel Hamilton
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07:39 EDTINTCIntel comments bode well for Mellanox, says Macquarie
Intel (INTC) said on its earnings call that the Haswell-EP Xeon E5 high-performance CPU built on the Grantley platform is already being shipped in pre-production quantities and is on track for a CYQ3 launch. Macquarie said Intel's commentary is a positive for the HPC market and Mellanox (MLNX) should see corresponding demand. Shares are Outperform rated with a $52 price target.
07:33 EDTINTCIntel price target raised to $45 from $40 at Jefferies
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07:17 EDTINTCIntel facing headwinds, says RBC Capital
After Intel reported stronger than expected results, RBC Capital thinks the company will be burdened by start-up costs in Q4 and 1Q15. The firm thinks there is a risk that the company's gross margins will drop and it keeps a Sector Perform rating on the shares.
07:17 EDTBACBofA/Merrill to hold a roundtable
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07:13 EDTBACBank of America CEO says economy strengthening, customers doing more business
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07:11 EDTBACBank of America reports $21.16 book value per share at June 30
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07:08 EDTBACBofA reports Q2 provision for credit losses $411M, net charge-offs $1.1B
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07:06 EDTINTCIntel price target raised to $36 from $31 at Stifel
Stifel increased its price target on Intel after the company reported stronger than expected results for its June quarter and provided guidance for its September quarter that the firm views favorably. Stifel keeps a Buy rating on the shares.
07:05 EDTBACBofA sees Basel 3 common equity tier 1 ratio up to 9.5%
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07:04 EDTBACAIG to receive $650M in cash in Bank of America settlement
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07:02 EDTBACBank of America reports Q2 EPS ex-items 41c, consensus 29c
Reports Q2 revenue $21.75B, consensus $21.61B. Results include litigation expense of $4.0B pretax or approximately 22c per share after tax.
07:02 EDTBACAIG announces settlement with BofA on residential mortgage related disputes
American International Group (AIG) announced that it has reached a global resolution of its residential mortgage related disputes with Bank of America (BAC). The resolution includes its claims pending in New York and California federal courts related to the creation, offering, and sale of RMBS from which AIG and its subsidiaries suffered losses either directly on their own account or in connection with their participation in AIG’s securities lending program. The resolution also covers AIG’s objections to the $8.5 billion settlement of Countrywide’s mortgage repurchase obligations to various investors, as well as disputes concerning the issuance of mortgage guaranty insurance by AIG’s United Guaranty subsidiaries to Bank of America and Countrywide. Under the terms of the settlement, AIG will receive $650M in cash plus its pro rata share of whatever amount is ultimately paid out to investors in connection with the Countrywide repurchase settlement. In addition, the parties have agreed, subject to the approval of Fannie Mae, Freddie Mac and certain other mortgage holders, to resolve the outstanding mortgage guaranty claims disputes in accordance with agreed-to claims processes and payment formulae.
07:01 EDTBACAIG announces settlement with BofA on residential mortgage related disputes
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07:01 EDTINTCIntel price target raised to $40 from $35 at Deutsche Bank
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07:00 EDTINTCIntel price target raised to $40 from $35 at Credit Suisse
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06:08 EDTINTCIntel moving 360 employees from Israel to Ireland, Globes reports
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06:06 EDTINTCIntel upgraded to Buy from Neutral at B. Riley
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06:04 EDTINTCIntel upgraded to Buy from Neutral at UBS
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05:55 EDTINTCIntel price target raised to $37 from $31 at Piper Jaffray
Piper Jaffray raised its price target for Intel shares to $37 saying the company's momentum continues following its Q2 report. Piper keeps an Overweight rating on the stock.
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