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Stock Market & Financial Investment News

News For BLK;MET;FCY;AEG;MTG;JPM;MS;BBT;BAC;FRE;FNM From The Last 14 Days
Check below for free stories on BLK;MET;FCY;AEG;MTG;JPM;MS;BBT;BAC;FRE;FNM the last two weeks.
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August 22, 2014
11:17 EDTBACOptions Update; August 22, 2014
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07:42 EDTBACBank of America DOJ settlment removes a major overhang, says Morgan Stanley
Morgan Stanley lowered Bank of America's Q3 EPS estimate to (4c) from 34c based on the DOJ settlement and said it removes a major overhang. The firm views shares as cheap and expects the stock to rally as expenses continue to declines. Shares are Overweight rated with a $22 price target.
August 21, 2014
15:37 EDTBACBank of America reiterated as an Overweight at Morgan Stanley
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15:25 EDTBACBank of America rallies following DOJ/State AGs settlement news
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12:50 EDTMSDeutsche Bank divests natgas trading book to Morgan Stanley, Reuters says
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10:34 EDTBACOptions Update; August 21, 2014
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09:37 EDTBACActive equity options trading on open
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09:20 EDTBACBank of America volatility expected to move on $16.65B settlement with DOJ
Bank of America volatility is expected to move on paying a $16.65B settlement with DOJ. Overall option implied volatility of 21 is below its 26-week average of 23 according to Track Data, suggesting decreasing price movement.
09:11 EDTBACSEC says Bank of America settles two cases
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09:09 EDTBACBofA settlement to reduce Q3 pre-tax earnings by approx. 43c per share after tax
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09:09 EDTBACBofA to pay $9.65B in cash, $7B worth of consumer relief in settlement
Borrower relief will be in the form of mortgage modifications, including first-lien principal and forbearance forgiveness and second-lien extinguishments, low- to moderate-income mortgage originations, and community reinvestment and neighborhood stabilization efforts, with initiatives focused on communities experiencing, or at risk of, urban blight. This includes lien releases, uninhabitable and abandoned property demolition, and remediation and property donations. Also, Bank of America will support the expansion of available affordable rental housing. Bank of America has committed to complete delivery of the relief by no later than August 31, 2018. The consumer relief will be subject to oversight by an independent monitor.
09:07 EDTBACBofA to pay $16.65B in settlement with DOJ, state AGs
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09:03 EDTBACBank of America to pay $16.65B in settlement with DOJ, Bloomberg reports
08:41 EDTBACBank of America, DOJ settlement to be announced today, CNBC reports
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08:31 EDTJPM, MSMorgan Stanley, JP Morgan selected by Shake Shack to lead IPO, Reuters says
JP Morgan (JPM) and Morgan Stanley (MS) have been picked by Shake Shack to lead the fast-food restaurant chain's IPO, sources tell Reuters. The offering could come as early as this year. Reference Link
06:43 EDTMS, JPM, BACRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
18:29 EDTMS, BAC, JPMBofA, JPMorgan weigh plans to raise salaries for junior bankers, Bloomberg says
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17:12 EDTBAC, METOn The Fly: Closing Wrap
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14:39 EDTMETMetLife nearing 'systemically important' designation, WSJ reports
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14:35 EDTBACBofA reaches $17B settlement over mortgage backed securities sales, AP says
Bank of America along with federal and state authorities agreed upon a $17B settlement for the bank in connection with the sale of mortgage-backed securities in the run-up to the 2008 financial crisis, says AP. Reference Link
14:20 EDTBACBofA reaches $17B settlement over mortgage backed securities sales, AP says
08:38 EDTBACRevolution Lighting enters loan, security agreement with BofA
Revolution Lighting (RVLT) announced that it has entered into a three year loan and security agreement with Bank of America (BAC). The agreement allows Revolution Lighting to borrow up to $25M on a revolving basis. Borrowings under the agreement are determined on specified percentages of eligible receivables and inventory, and bear interest either on the base rate plus specified margins or at LIBOR plus specified margins, at the election of Revolution Lighting. The loan provides Revolution Lighting with favorable interest rates with an initial interest rate of 3%. The agreement contains customary covenants and restrictions typical of these agreements.
August 19, 2014
06:20 EDTBACBofA COO transfers, senior manager assumes role, Bloomberg says
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August 18, 2014
06:47 EDTBAC, MSU.S. banks consider Ireland fitting spot for EU divisions, FT says
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August 17, 2014
17:56 EDTBBTBB&T, Juniper, two others look discounted, Barron's says
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August 15, 2014
10:07 EDTBACBank of America reports July default rate 3.01% vs. 3.24% last month
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07:35 EDTJPMJPMorgan reports July net credit losses 2.59% vs. 2.83% last month
Reports July delinquency rate 1.32% vs. 1.33% last month.
06:48 EDTMSMorgan Stanley settles overtime pay suit with $4.2M, Reuters says
Morgan Stanley and sales assistants in the firm's wealth management division system who alleged that they were owed overtime compensation finally agreed to settle the matter with $4.2M, according to Reuters, citing comments from a company spokeswoman in an e-mail. The spokeswoman said, “Morgan Stanley maintains robust policies to ensure that non-exempt employees are paid for all time worked. However, with this settlement we will put an end to protracted and expensive litigation that is a distraction from our business.” Reference Link
August 14, 2014
17:27 EDTMET, JPMAppaloosa gives quarterly update on stakes
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08:28 EDTBACBofA, DOJ still in talks over $17B settlement, NY Post says
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August 13, 2014
07:41 EDTBLKBlackRock among firms contacted by SEC about alternative mutual funds, WSJ says
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07:22 EDTBLKBlackRock management to meet with UBS
Meeting to be held in New York on August 13 hosted by UBS.
06:19 EDTJPM, MSBanks pressing Federal Reserve to delay rule on investments, WSJ says
Banks are pushing U.S. policy makers for a delay of a rule that requires them to sell investments in private-equity and venture-capital funds, reports the Wall Street Journal. According to people familiar with the effort, bank officials, trade groups and lawmakers are lobbying the Federal Reserve to delay the rule for up to seven years that limits banks' investments. Reference Link
August 12, 2014
09:35 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOG C TSL EXAS BAC DNDN JNJ TSLA
09:03 EDTMETMetLife acquires The Loop
MetLife announced that the company has acquired The Loop, a 435,000 square foot outdoor retail center in Kissimmee, Florida. MetLife bought the complex from an institutional client of AEW Capital Management.
08:18 EDTMETAs MetLife awaits SIFI decision, other non-banks get tough scrutiny, FT says
The Federal Reserve's scrutiny of AIG (AIG) and GE Capital (GE) since those non-banks were designated as systemic risks shows they are being regarded in the same manner as large banks, according Financial Times, citing people familiar with the process. Insurer Prudential Financial (PRU) was deemed a systemic risk last September and rival MetLife (MET) is waiting to see if it will be designated this year, the report noted. Reference Link
07:48 EDTJPM, BAC, MSBanks posted second-highest profit in 23 years in second quarter, WSJ says
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August 11, 2014
16:27 EDTJPMJPMorgan to sell 50% of portfolio companies held by One Equity Partners
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15:27 EDTMTGSusquehanna to hold a forum
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14:58 EDTJPMJPMorgan to sell about half of One Equity Partners pe unit, DJ says
JPMorgan plans to sell about $2B in portfolio companies of One Equity and retain ownership of roughly half of portfolio companies, said Dow Jones, citing sources.
06:57 EDTMTGUBS to hold a conference
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