New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 8, 2012
05:50 EDTBRGYY, GSBG Group may be vulnerable to hostile takeover bid, Daily Mail reports
BG Group (BRGYY) may be vulnerable to a hostile takeover bid after its recent "bombshell" warning to investors to expect no output growth in 2013, the Daily Mail reports. Rumors are swirling that BG's management has lined up Rothschild and Goldman Sachs (GS) on forming a defense strategy should it come under corporate attack. Reference Link
News For BRGYY;GS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 >>
February 4, 2016
06:58 EDTGSFed official supports tougher bank stress tests, Reuters reports
Boston Fed president Eric Rosengren said that he supports tougher stress tests for "too big to fail" banks, including larger capital investments that would make them "even more binding," Reuters reports. Rosengren said that stress test changes have reduced the likelihood that systemically important financial firms would fail, the report says. 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
06:51 EDTGSBofA doesn't deserve to be in 'stock market doghouse,' WSJ says
Bank of America (BAC) is currently in the "stock market doghouse," but doesn't deserve to be, David Reilly of the Wall Street Journal's Ahead of the Tape says. The overall beating of U.S. bank stocks has come amid the greater market selloff, reflecting the fact that slowing growth has brought doubt on the Fed's ability to raise rates in March, Reilly says. Since a rate increase is a far-off prospect, investors have little reason to own bank stocks, though Bank of America's valuation assumes "too dire an outcome," the report says. Banks with international outreach, such as Citi (C), are still arguably further behind in post-crisis cleanup, but Bank of America is more focused on the domestic U.S. economy and prices a U.S. recession as a given, not a possibility, the report says. Other large U.S. banks include Wells Fargo (WFC), JPMorgan (JPM), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB), BB&T (BBT), PNC Financial (PNC), and SunTrust (STI). Reference Link
February 3, 2016
18:41 EDTGSYahoo hires Qatalyst to advise on strategic alternatives, Re/code says
Subscribe for More Information
16:50 EDTGSSignature Bank announces underwriters' purchase of additional shares
Subscribe for More Information
08:06 EDTGSGoldman Sachs CEO says 'feeling great' after treatment
Subscribe for More Information
05:16 EDTGSStocks with implied volatility movement; GS C
Subscribe for More Information
February 2, 2016
10:49 EDTGSGoldman Sachs Asia unit censured by Hong Kong regulator
The Securities and Futures Commission, SFC, has publicly censured Goldman Sachs Asia for breaches of the Code on Takeovers and Mergers whilst acting as a financial advisor to Wing Hang Bank, Limited in relation to a voluntary general offer for the bank. Goldman Sachs' conduct fell far short of the standards expected of a financial advisor under the Takeovers Code in that between 8 November 2013 and 6 January 2014: Goldman Sachs executed 111 trades in the securities of Wing Hang Bank without making the requisite dealing disclosures and no prior consent was obtained as required for 26 of these trades ; and Goldman Sachs failed to comply with the restrictions on issue and distribution of research reports in relation to the research reports it published on Wing Hang Bank. In deciding the sanction, the SFC took into account Goldman Sachs' cooperation and self-reporting of the breaches. Reference Link
January 31, 2016
12:33 EDTGSU.S. banks could return 20% or more, Barron's says
The banking sector looks like "one of the best bargains in the market," Barron's contends in a cover story. Names such as Citi (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), BB&T (BBT), PNC Financial (PNC), SunTrust (STI) and U.S. Bancorp (USB) are showing healthy balance sheets and could offer "at least" 20% upside, the publication argues, adding that the industry's exposure to the energy sector "looks manageable" given information offered in recent earnings reports and conference calls. Reference Link
January 29, 2016
08:52 EDTGSSiemens hires Goldman Sachs to advise on potential Gamesa deal, Reuters says
Siemens (SIEGY) has hired Goldman Sachs (GS) as an advisor for its potential acquisition of Spanish wind farm manufacturer and operator Gamesa, Reuters reports, citing two people familiar with the matter. One of the sources told Reuters that it was still unclear what the structure of such a transaction would be. Reference Link
07:36 EDTBRGYYAnalysts still predicting mergers as oil slump drags on, WSJ reports
Bankers and analysts have been predicting a wave of merger activity will come almost since crude prices began to fall from over $100 a barrel, but the only big acquisition by an oil major so far has been Shell's (RDS.A) purchase of BG Group (BRGYY), said The Wall Street Journal, which added that analysts still believe deal-making is likely to return this year if prices continue to languish. With Chevron (CVX) set to report today and its big peers soon to follow, analysts are expecting the four biggest publicly traded Western oil companies to have their weakest combined profits since 1998, the Journal noted. The report noted that U.S. shale oil producers, such as Apache (APA) and Whiting Petroleum (WLL), were previously targeted though potential sellers were reluctant to accept offers as they hoped for a rebound in oil prices and potential buyers wondered if any deal struck would look expensive if crude prices fell further, but "both impediments are gone now," the Journal contends. Reference Link
07:31 EDTGSBank, financial stocks look cheap, says Oppenheimer
After an index of bank stocks fell 19% since last summer, versus an 8% decline for the S&P, Oppenheimer says that "the group looks cheap." The firm says that banks' balance sheets will remain strong whether the economy is resilient or enters a downturn. The firm says that the banks' Q4 results were stable, and it expects the group to benefit from steady loan growth and slightly rising NIMs in 2016. Oppenheimer continues to recommend Bank of America (BAC), Citi (C), Goldman Sachs (GS), Discover (DFS), and Fifth Third (FITB)
January 28, 2016
10:18 EDTBRGYYShell: BG shareholders vote in favor of recommended combination
Royal Dutch Shell (RDS.A)) notes the result of the BG Group plc (BRGYY) shareholder meetings held earlier today and is pleased to note that BG shareholders voted in favor of the recommended combination between Shell and BG. The transaction is expected to complete on February 15, 2016, subject to the satisfaction or waiver of certain customary conditions, including the sanction of the scheme of arrangement to implement the combination by the High Court of Justice.
<< 1 | 2 >>

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