New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 12, 2013
10:14 EDTWFC, SNX, MERC, KGC, DF, WAB, PRU, MPLX, KS, BIIB, USB, ORIG, LM, FIATYOn the Fly: Downgrade Summary
Biogen (BIIB) downgraded to Neutral from Buy at Citigroup… Dean Foods (DF) downgraded to Market Perform from Outperform at Bernstein… Fiat (FIATY) downgraded to Neutral from Buy at UBS… KapStone (KS) downgraded to Hold from Buy at Deutsche Bank… Kinross Gold (KGC) downgraded to Market Perform from Outperform at Cowen… Legg Mason (LM) downgraded to Sell from Neutral at Goldman… MPLX (MPLX) downgraded to Neutral from Buy at BofA/Merrill… Mercer (MERC) downgraded to Sector Underperformer from Sector Performer at CIBC… Ocean Rig UDW (ORIG) downgraded to Neutral from Outperform at Credit Suisse… Prudential (PRU) downgraded to Outperform from Top Pick at RBC Capital… SYNNEX (SNX) downgraded to Market Perform from Outperform at Raymond James… U.S. Bancorp (USB) downgraded to Underweight from Neutral at Atlantic Equities… Wabtec (WAB) downgraded to Market Perform from Outperform at Raymond James… Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities.
News For BIIB;DF;FIATY;KS;KGC;LM;MPLX;MERC;ORIG;PRU;SNX;USB;WAB;WFC 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 | all recent news | >>
December 11, 2014
10:17 EDTWFCFINRA fines Barclays Capital, Citigroup Global Markets, others $43.5M total
FINRA announced that it has fined 10 firms a total of $43.5M for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys"R"Us. FINRA fined the following firms. Barclays Capital (BCS) - $5M; Citigroup Global Markets (C) – $ 5M; Credit Suisse Securities (CS) – $5M; Goldman, Sachs & Co. (CS) – $5M; JP Morgan Securities LLC (JPM) – $5M; Deutsche Bank Securities Inc. (DB) – $4M; Merrill Lynch, Pierce, Fenner & Smith Inc. (BAC) – $4M; Morgan Stanley & Co., LLC (MS) – $4M; Wells Fargo Securities, LLC (WFC) – $4M; Needham & Company LLC – $2.5M. In addition, FINRA found that six of the 10 firms — Barclays, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan and Needham — had inadequate supervisory procedures related to research analyst participation in investment banking pitches. Toys"R"Us and its sponsors offered each of the 10 firms various roles in the IPO but it eventually decided not to proceed with the offering. In settling this matter, the 10 firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
December 10, 2014
11:27 EDTUSBU.S. Bancorp CFO says would consider special dividend
Subscribe for More Information
10:33 EDTORIGOptions with increasing implied volatility
Subscribe for More Information
10:00 EDTUSBU.S. Bancorp long-term goals include ROE 16%-19%
Subscribe for More Information
08:00 EDTLMLegg Mason reports preliminary November assets under management of $707.4B
Subscribe for More Information
07:40 EDTKSBofA/Merrill to hold a conference
2014 U.S. Basic Materials Conference is being held in Boston on December 10-11.
December 9, 2014
14:57 EDTWFCFed to propose rulemaking on risk-based capital surcharges for GSIB banks
Subscribe for More Information
14:42 EDTWFC, USBFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
12:22 EDTBIIBPiper Jaffray biopharm analyst holds an analyst/industry conference call
Senior Research Analyst Schimmer, along with Biopharmaceuticals Analyst Breazzano, discuss gene therapy for hemophilia on an Analyst/Industry conference call to be held on December 11 at 10 am.
10:27 EDTORIGOptions with increasing implied volatility
Subscribe for More Information
December 8, 2014
15:26 EDTWFCDeutsche Bank sued by U.S. over alleged scheme to avoid income taxes
Subscribe for More Information
14:20 EDTPRUPrudential to host conference call
Subscribe for More Information
10:42 EDTORIGOptions with increasing implied volatility
Subscribe for More Information
10:00 EDTUSB, WFCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:21 EDTPRUSL Green Realty, Prudential Real Estate Investors form JV
Subscribe for More Information
07:52 EDTWFCWells Fargo downgraded to Market Perform from Outperform at Bernstein
Subscribe for More Information
07:32 EDTSNXRaymond James to hold a conference
Subscribe for More Information
06:35 EDTUSB, WFCValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:59 EDTUSBU.S. Bancorp downgraded to Underperform from Market Perform at Keefe Bruyette
Subscribe for More Information
December 7, 2014
14:26 EDTWABSome bulls see Wabtec shares reaching $110 in a year, Barron's says
Subscribe for More Information
1 | 2 | 3 | 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