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April 22, 2014
04:55 EDTBLK, BLK, USB, USB, WBS, WBS, DB, DB, IVZ, IVZ, KKR, KKR, JPM, JPM, PNC, PNC, PRU, PRU, MS, MS, RBS, RBS, BAC, BAC, CS, CS, CG, CG, GS, GS, WFC, WFC, MCO, MCO, C, CInformation Management Network to hold a conference
3rd Annual Investors' Conference on CLOs & Leveraged Loans is being held in New York on April 22-23.
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June 17, 2015
08:10 EDTBACFed told BofA it is too reactive to problems raised by regulators, WSJ says
The Federal Reserve told Bank of America earlier this year that it does not think its management is forward-looking enough and is rather too reactive to problems after they are raised by regulators during “stress tests,” the Wall Street Journal reports, citing people familiar with the matter. As a result, in March, the Fed only granted the bank conditional approval to return capital to shareholders, meaning the bank is required to submit a revised stress test plan by September 30, the report says. In response, Bank of America has hired “several” outside consultants to look over the way it runs the tests, the Wall Street Journal reports, citing others close to the situation. Reference Link
07:43 EDTPRUPrudential expects to maintain 13%-14% ROE across cycle for 2015 and beyond
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07:06 EDTMSNoble CEO fires back at critics of company’s accounting practices, WSJ says
Noble Group (NOBGY) CEO Yusuf Alireza disputed allegations about the company’s accounting practices, particularly that it is hiding the true nature of its debt and improperly valuing its 13% stake in Australian coal miner Yancoal, the Wall Street Journal reports. In a letter to former longtime Morgan Stanley (MS) banker Michael Dee, Alireza said that the company’s evaluation of Yancoal is “reasonable and consistent with market practice and accounting policies” and that “any suggestion otherwise is ill-informed and factually incorrect,” the report says. “As an associate company, we must rely on a cash flow model to value our stake, which is consistent with market practice in the mining industry,” the Noble CEO added, the report says. Reference Link
06:53 EDTIVZAffiliated Managers now top Traditional Asset Manager pick at Citi
Citi replaced Invesco (IVZ) with Affiliated Managers (AMG) as its top pick among Traditional Asset Managers for the second half of 2015. Citi expects a pick up in deal activity to boost AMG's net income growth and valuation. It keeps a Buy rating on the stock with a $270 price target. Invesco remains Buy rating at the firm as well.
06:48 EDTGS, C, WFC, JPM, USB, BAC, MSMore big banks waiving overdraft fees, WSJ reports
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05:39 EDTCCiti appointed successor depositary bank for Sodexo ADR program
Citi, acting through Citibank N.A., has been appointed by Sodexo S.A. as successor depositary bank for its Level 1 American Depositary Receipt, or ADR, program, which trades in the U.S. over the counter market under symbol “SDXAY”. The ordinary shares are listed on Euronext Paris and trade under symbol “SW”.
June 16, 2015
19:41 EDTWBSWebster Financial releases results of 2015 Dodd-Frank Stress Test
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18:33 EDTJPMJPMorgan shareholder suit over 'London Whale' dismissed, Reuters reports
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16:01 EDTBAC, GSApple Twitter Facebook Bank of America Yahoo Netflix Alibaba WisdomTree Coca-Cola Goldman Sachs Micron General Electric
iPath S&P 500 VIX Short-Term Futures down 33c to 18.68. Option volume leaders: AAPL TWTR FB BAC YHOO NFLX BABA WETF KO GS MU GE.
15:27 EDTPRUPrudential June volatility elevated into investor day
Prudential June call option implied volatility is at 29, July and September is at 22; compared to its 52-week range 16 to 34, suggesting large June price movement into a company hosted investor day on June 17.
14:16 EDTCCiti said to have ignored e-mails on lax control at Banamex unit, Bloomberg says
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14:01 EDTUSBU.S. Bancorp raises quarterly dividend 4.1% to 25.5c per share
The dividend is payable July 15 to shareholders of record at the close of business on June 30.
13:28 EDTCGBlackstone, Carlyle may jointly bid to buy NCR for over $10B, Reuters reports
According to sources, Blackstone (BX) and Carlyle Group (CG) are planning to jointly bid for NCR Corp (NCR) in a deal that could be worth over $10B, including debt, Reuters reports. The sources say that Apollo (APO) and other buyout firms are also interested in NCR, but that the auction is still "several weeks away from completion." Reference Link
13:15 EDTCGBlackstone, Carlyle may jointly bid to buy NCR for over $10B, Reuters reports
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09:36 EDTBACActive equity options trading on open
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08:21 EDTGSJetBlue enters into agreement with Goldman to implement ASR program
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07:50 EDTPNCPNC Financial management to meet with Deutsche Bank
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07:11 EDTJPM, MS, BAC, WFC, GS, C, USBSurprise AIG ruling may make future bailouts unlikely, even if needed, NYT says
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06:19 EDTJPMJPMorgan, HSBC could move parts of businesses to Luxembourg, U.K. Times reports
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06:05 EDTPRUPrudential to host investor day
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