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Stock Market & Financial Investment News

News For BAC;OCN;WIC;NSM From The Last 14 Days
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November 10, 2014
13:22 EDTOCNBenjamin Lawsky expected to leave post in early 2015, Daily News reports
New York Department of Financial Services Superintendent Benjamin Lawsky is expected to leave Gov. Cuomo's cabinet in early 2015 for the private sector, New York Daily News reports, citing sources. Lawsky has been waging a public battle against Ocwen (OCN) over the company's mortgage servicing practices. Reference Link
10:04 EDTNSMOn The Fly: Analyst Upgrade Summary
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09:15 EDTNSMNationstar price target lowered to $35 from $42 at Sterne Agee
Sterne Agee cut its price target on Nationstar after the company reported lower than expected Q3 EPS. The firm also cited slower upward momentum in the company's Solutions Star and mortgage volumes as reasons for the price target cut The firm keeps a Buy rating on the stock.
06:53 EDTBACBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTBACRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:37 EDTNSMNationstar upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette upgraded Nationstar to Market Perform following the company's Q3 results
November 9, 2014
13:00 EDTBACBofA looks for additional SEC sanctions to be waved, Bloomberg says
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