New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2013
16:26 EDTESI, USB, MET, C, BAC, RHHBY, SCTY, STI, WFC, WAC, ILMN, VVUS, PNC, JPM, NSMOn The Fly: Closing Wrap
Stocks on Wall Street pulled back from the highs reached on Friday, when the week long rally fueled by the deal to avert part of the fiscal cliff drove the S&P 500 to its best level in five years. Banking news dominated today's headlines with multiple settlements announced related to the mortgage markets... ECONOMIC EVENTS: In the U.S. no market moving economic data was reported... COMPANY NEWS: Bank of America (BAC) confirmed deals to sell the servicing rights on about 2M residential mortgages with unpaid principal balances of approximately $306B to Nationstar Mortgage Holdings (NSM) and Walter Investment (WAC). Shares of Nationstar rose $5.60, or 16.85%, to $38.83 and those of Walter Investment advanced $3.63, or 8.24%, to $47.68, while BofA shares slid 2c, or 0.17%, to $12.09... Bank of America also announced it will repurchase $6.75B worth of residential mortgage loans it sold to Fannie Mae and will pay $3.6B to settle claims related to certain loans. Separately from BofA's settlement with Fannie Mae, the Federal Reserve and the Office of the Comptroller of the Currency announced a deal that will see ten mortgage servicing companies pay more than $8.5B in cash payments and other assistance to mortgage borrowers to settle claims related to loan servicing and foreclosure processing. The regulators listed Bank of America, Citibank (C), JPMorgan Chase (JPM), MetLife Bank (MET), PNC (PNC), SunTrust (STI), U.S. Bank (USB) and Wells Fargo (WFC) among those participating... In other banking news, the Basel Committee on Banking Supervision made it easier for banks to meet the new "liquidity coverage ratio" rule and delayed its full implementation until 2019... MAJOR MOVERS: Among the notable gainers was VIVUS (VVUS), up $1.12, or 8.15%, to $14.87, after the company reported Qsymia prescription information and was added to the U.S. 1 List at Merrill Lynch. Also higher were shares of SolarCity (SCTY), up $1.57, or 10.90%, to $15.97 after a number of research firms initiated coverage on the stock with Buy ratings. Among the noteworthy losers was ITT Educational (ESI), down $3.72, or 19.28%, to $15.57 after reporting that it has entered into a settlement agreement and release with Sallie Mae that will impact Q4 EPS by 56c. Also lower were shares of Illumina (ILMN), which dropped $3.86, or 7.06%, to $50.90 following comments over the weekend from Roche's (RHHBY) chairman indicating his company was no longer interested in acquiring Illumina... INDICES: The Dow was down 50.92, or 0.38%, to 13,384.29; the Nasdaq was down 2.85, or 0.09%, to 3,098.81; and the S&P 500 was down 4.58, or 0.31%, to 1,461.89.
News For BAC;NSM;WAC;C;JPM;WFC;MET;PNC;STI;USB;VVUS;SCTY;ESI;ILMN;RHHBY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
February 17, 2015
10:18 EDTSCTYSolarCity management to meet with Roth Capital
Subscribe for More Information
09:40 EDTCActive equity options trading on open
Subscribe for More Information
08:10 EDTSCTYTop U.S. solar ideas into Q4 at Goldman
Subscribe for More Information
08:04 EDTCWuXi PharmaTech enters into loan agreement with consortium led by Citi
Subscribe for More Information
06:39 EDTCBanks settle claims related to mortgage securities, Reuters says
Subscribe for More Information
February 13, 2015
17:52 EDTCThird Point gives quarterly update on stakes
Subscribe for More Information
17:05 EDTCAppaloosa gives quarterly update on stakes
Subscribe for More Information
16:48 EDTSCTYElon Musk reports 21.4% stake in SolarCity
All of the shares of common stock to which this statement relates were purchased by Musk for investment purposes only and were not intended to, and did not, affect any change in the control of the company.
14:02 EDTWACWalter, Barrick, WPX could potentially double, Barron's says
Subscribe for More Information
08:12 EDTSCTYStudy finds loans beat leases for rooftop solar instalations, UT San Diego says
Among homeowners who purchase solar systems, about two-thirds opt for a lease or similar power-purchase agreement, but a new analysis from the National Renewable Energy Laboratory found that taking out loans instead can save residential buyers as much as 29% over lease deals, reported The San Diego Union-Tribune. SolarCity (SCTY) and Vivint Solar (VSLR) are publicly-traded companies that offer solar energy systems to residential customers. Reference Link
06:32 EDTCSumitomo Mitsui may look to buy Citi's credit card unit in Japan, Nikkei says
Subscribe for More Information
06:13 EDTJPMJPMorgan Asia investment bank Vice Chairman steps down, Financial Times says
Subscribe for More Information
05:55 EDTSCTYSolarCity volatility elevated into Q4 and outlook
SolarCity February call option implied volatility is at 79, March is at 55, April is at 47, July is at 43; compared to its 26-week average of 55 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 18.
February 12, 2015
16:02 EDTBAC, COptions Update; February 12, 2015
Subscribe for More Information
15:38 EDTUSB, C, JPM, WFC, BACFed to release results from latest bank stress tests in March
The Federal Reserve Board on Thursday announced that results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act will be released on Thursday, March 5, and the related results from the Comprehensive Capital Analysis and Review, CCAR, will be released on Wednesday, March 11. Results for both exercises will be released at 4:30 p.m. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
13:02 EDTCCiti raises prices, margins for currency trades, Bloomberg says
Subscribe for More Information
11:21 EDTSTISunTrust management to meet with SunTrust
Subscribe for More Information
07:31 EDTWFCEconomic Club of Las Vegas to hold a discussion
Subscribe for More Information
07:18 EDTMETBofA/Merrill to hold a conference
Subscribe for More Information
06:20 EDTBACBank of America cutting 250 workers in Charlotte, Charlotte Observer reports
Bank of America is cutting 250 Charlotte workers in its mortgage servicing unit, The Charlotte Observer reports. Reference Link
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use