New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 27, 2014
10:00 EDTFVE, CECE, BBRY, COn The Fly: Analyst Downgrade Summary
BlackBerry (BBRY) downgraded to Sell from Hold at Societe Generale... CECO Environmental (CECE) downgraded to Market Perform at FBR Capital... Citigroup (C) downgraded to Market Perform from Outperform at Bernstein... Five Star (FVE) downgraded to Market Perform from Outperform at JMP Securities.
News For BBRY;CECE;C;FVE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 3, 2015
09:20 EDTCCitigroup subject to regulatory probe over student-loan servicing practices
Subscribe for More Information
09:08 EDTCCiti to provide accounting services for 27 John Hancock Mutual Funds
Subscribe for More Information
July 31, 2015
06:40 EDTCU.S. banks prepared to take advantage of Euro lenders' cautions, WSJ says
U.S. banks are preparing to advance in the sector after reporting earnings, with executives touting the gloom coming from their European counterparts as a major opportunity to capitalize on their newfound advantage, the Wall Street Journal reports. On Thursday, Deutsche Bank (DB) CEO John Cryan said that the company must "shrink" its balance sheet, while Barclays (BCS) chairman John McFarlane said that Wall Street lenders are "an enormous threat" to Euro investment banks, the report says. On the other hand, Morgan Stanley (MS) chairman James Gorman said after reporting earnings last week that the company is poised to advanced in the debt trading sector, and that "there's a potential for, over a period of time, share gain for our business," the report says. In addition, Goldman Sachs finance chief Harvey Schwartz said that the company is "seeing potential big restructuring on the European side," the report adds. Publicly traded companies in the European space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Publicly traded companies in the U.S. 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
July 30, 2015
08:47 EDTCECECECO Environmental receives new $14.5M order from U.S. oil company
Subscribe for More Information
July 28, 2015
10:00 EDTBBRYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
09:32 EDTCCaterpillar announces $1.5B accelerated stock repurchase
Subscribe for More Information
08:29 EDTBBRYBlackBerry upgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley upgraded BlackBerry to Equal Weight from Underweight and maintained its $7 price target. The firm said the upgrade is not due to improving fundamentals but flexibility with cash and opex opportunities. Morgan Stanely said BlackBerry's cash balance is worth $3.50-$3.75 per share and has a significant opportunity to add that cash through headcount reductions or other reallocation of resources.
06:11 EDTBBRYBlackBerry upgraded to Equal Weight from Underweight at Morgan Stanley
Subscribe for More Information
July 26, 2015
18:37 EDTBBRYPakistan orders halt to BlackBerry Enterprise Services within country, WSJ says
Pakistan has ordered mobile service providers within the country to shut down BlackBerry Enterprise Services due to security concerns, the Wall Street Journal reported Saturday. A senior government official told the Journal that remaining BlackBerry services such as messenger will be unaffected. Reference Link
July 24, 2015
11:02 EDTBBRYBlackBerry CEO says prepared to move past smartphones, Bloomberg says
Subscribe for More Information
10:46 EDTCCiti's Mexico unit facing expanding money laundering probe, Bloomberg says
Subscribe for More Information
July 22, 2015
16:26 EDTCCiti releases results of 2015 Dodd-Frank Stress Test
Subscribe for More Information
12:58 EDTCCiti says to wind down banking operations at Banamex USA
Subscribe for More Information
12:53 EDTCFDIC announces $140M civil penalty against Citi's Banamex USA unit
The FDIC announced the assessment of a civil money penalty of $140M against Banamex USA, Century City, California, for violations of the Bank Secrecy Act and anti-money laundering laws and regulations. In a concurrent action, the California Department of Business Oversight assessed a civil money penalty of $40M. The FDIC's penalty of $140M will be satisfied in part by the CDBO's penalty. The FDIC's penalty will be paid to the United States Department of the Treasury. In taking this action, the FDIC determined that the bank failed to implement an effective BSA/AML Compliance Program over an extended period of time. The institution failed to retain a qualified and knowledgeable BSA officer and sufficient staff, maintain adequate internal controls reasonably designed to detect and report illicit financial transactions and other suspicious activities, provide sufficient BSA training, and conduct effective independent testing.
08:01 EDTBBRYBlackBerry agrees to acquire AtHoc, terms not disclosed
Subscribe for More Information
July 21, 2015
17:50 EDTBBRYBlackBerry reports additional job cuts, CBC says
BlackBerry has disclosed an additional round of job cuts, the Canadian Broadcasting Corporation reported earlier, citing company statements. The company did not reveal how many employees were laid off, but noted that some were shifted to other positions within BlackBerry. Reference Link
10:58 EDTCCiti fined $70M, ordered by CFPB to provide $700M in relief
Subscribe for More Information
July 20, 2015
16:01 EDTCOptions Update; July 20, 2015
Subscribe for More Information
13:03 EDTCFed proposes final rule on capital surcharges for largest U.S. banks
Subscribe for More Information

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