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Stock Market & Financial Investment News

News Breaks
February 7, 2014
07:44 EDTC, BBTRegional banks avoid big mergers with piecemeal buys, Bloomberg reports
Looking at deals that fell apart during the financial crisis and increased regulatory reviews, regional U.S. banks are buying pieces of rivals to sidestep the problems of acquiring whole firms, reports Bloomberg. The strategy limits options for closely held banks looking to sell and slows takeovers that built today’s biggest lenders. BB&T (BBT), for example, agreed to buy 21 Texas branches from Citigroup (C) in December.
News For C;BBT From The Last 14 Days
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September 11, 2014
09:15 EDTBBTBB&T expects 2H14 average total loan growth to be 3%-5%
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07:21 EDTCBankruptcy bill focused on big bank failure moves past committee, WSJ says
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September 10, 2014
09:38 EDTCActive equity options trading on open
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07:16 EDTCRepublicans, Democrats both push for harder 'too big to fail' rules, WSJ says
Lawmakers from both the Republican and Democrat sides of the aisle urged U.S. regulators to push forward additional regulations to ensure the biggest banks aren't "too big to fail," said The Wall Street Journal. Publicly traded large U.S. 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
07:09 EDTCCitigroup CEO pledges to beef up Banamex, WSJ reports
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06:35 EDTCFed may raise capital requirement for some banks to 11.5%, NY Times reports
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September 9, 2014
14:54 EDTCApple announces Apple Pay
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09:36 EDTCActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL KNDI NFLX YHOO TWTR TSLA C BAC FB MCD
06:33 EDTCFed looks set to pressure large banks to shrink, NY Times says
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06:32 EDTCCitigroup CFO says Q3 expenses up 'slightly' vs Q2, Reuters says
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06:32 EDTCFed to require large US banks to have extra financial padding, WSJ reports
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September 8, 2014
11:29 EDTBBTBB&T to host investor day
Investor Day to be held in New York on September 11 at 9 am. Webcast Link
09:41 EDTCCitigroup CFO sees September trading to be better than August
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09:30 EDTCCiti CFO says won't think about potential capital return until 'much later'
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09:29 EDTCCitigroup CFO sees Q3 trading revenue 'in-line' with same quarter of last year
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09:28 EDTCCitigroup sees consumer revenues up 'modestly' this quarter
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09:17 EDTBBTBB&T to acquire Bank of Kentucky for $363M
BB&T (BBT) and The Bank of Kentucky Financial Corporation (BKYF) announced the signing of a definitive agreement under which BB&T will acquire The Bank of Kentucky in a cash and stock transaction for total consideration valued at approximately $363M. The Bank of Kentucky, headquartered in Crestview Hills, Ky., has $1.9 billion in assets, $1.6 billion in deposits and 32 banking offices in Northern Kentucky and Cincinnati. Under the terms of the agreement, which was approved by the Board of Directors of each company, shareholders of The Bank of Kentucky will receive 1.0126 shares of BB&T common stock and $9.40 of cash for each share of The Bank of Kentucky common stock. Based on BB&T's 14-day average closing price of $37.13 as of September 4, 2014, shareholders of The Bank of Kentucky will receive $47.00 per share BB&T expects this acquisition to be accretive to earnings per share in the first full year and to exceed its IRR hurdle. The transaction is subject to customary closing conditions including regulatory approvals and approval of The Bank of Kentucky shareholders.
09:02 EDTCCitigroup says core Citicorp franchise growing loans, deposits
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09:00 EDTCCitigroup names Peter Charrington as global head of citi Private Bank
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07:24 EDTCBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.
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