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Stock Market & Financial Investment News

News Breaks
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.
News For C;MCO;WFC;GS;CG;CS;BAC;RBS;MS;PRU;PNC;JPM;KKR;IVZ;DB;WBS;USB;BLK From The Last 14 Days
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October 8, 2014
07:20 EDTMS, WFC, RBSCapital Link to hold a forum
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07:13 EDTC, WFC, JPM, GS, MS, BAC, CSBank dealers agree to revised derivatives rules, FT reports
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07:11 EDTDBDeutsche Bank mulls $2B real estate loan portfolio sale, Reuters says
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07:08 EDTKKRKKR coverage assumed with an Outperform at Credit Suisse
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06:56 EDTGS, JPM, WFC, MSBarclays lists several Large-Cap banks with the most Q3 upside
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06:35 EDTGSGoldman Sachs' outlook questioned, NY Times says
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October 7, 2014
13:59 EDTKKRKKR invests in Lemonade Restaurant Group, terms not disclosed
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11:35 EDTJPMStocks with call strike movement; JPM QCOM
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10:08 EDTKKRSodaStream sinks after Q3 profit warning
Shares of SodaStream International (SODA) are sinking this morning after the company warned that revenue for the third quarter of 2014 will come in well below Wall Street estimates. SodaStream develops, manufactures and markets home beverage carbonation systems and related products. WHAT'S NEW: This morning, SodaStream reported preliminary Q3 revenue of $125M, significantly missing analysts' consensus estimate of about $154M. The company said it expects operating income of about $8.5M for the quarter. Chief Executive Officer Daniel Birnbaum cited an underperformance in the U.S. market as the primary driver of the quarterly shortfall, and said the results are an indication that the company must alter its course and improve its execution. Birnbaum said in a statement that the company is "very disappointed" by its recent performance, noting that it has "not succeeded in attracting new consumers to our home carbonation system at the rate we believe should be achieved." Birnbaum said the company has started a strategic shift towards health and wellness, mostly in the U.S., where he believes the message "will resonate more strongly" with customers. In addition, SodaStream is developing a growth plan, and more details are expected when Q3 results are reported later this month. WHAT'S NOTABLE: The carbonated beverage machine company has been the subject of buyout rumors for months. In July, Bloomberg reported that the company was in talks to go private for around $40 per share. In September, Israel's TheMarker said SodaStream was in talks to sell itself to a British investment fund for $840M, or $40 per share. SodaStream has also been rumored as an acquisition target for beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), The Independent reported last month. In July, SodaStream cut its fiscal year 2014 revenue growth view to 5% from 15% and cut its FY14 net income expectations to a 5% decrease from a 3% increase. At that time, the company said it believed sales trends for sodamakers would remain challenging in the U.S. in the second half of the year. PRICE ACTION: In mid-morning trading, SodaStream shares dropped $5.72, or 21%, to $21.85.
10:02 EDTUSBOn The Fly: Analyst Downgrade Summary
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09:36 EDTBACActive equity options trading on open
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09:17 EDTJPM, MS, GSSecurities Industry & Financial Markets Association to hold a conference
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08:28 EDTCCitigroup October volatility increases into Q3 and revenue outlook
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07:29 EDTJPMJPMorgan Chase volatility increases into Q3 and guidance
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07:28 EDTBAC, MS, JPM, GS, CWells Fargo ups price target ranges for capital markets banks
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07:09 EDTCGAlternative asset managers shares attractive, says JPMorgan
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07:06 EDTUSBU.S. Bancorp downgraded to Market Perform from Strong Buy at Raymond James
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06:51 EDTBAC, C, DB, WFC, MS, GS, JPM, USBJustice Department set to attack more large banks by year end, NY Times says
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06:49 EDTJPM, BAC, CBNP seeks assistance from banks as ban approaches, Reuters says
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06:29 EDTDBDeutsche Bank in talks to settle rate-rigging allegations, WSJ reports
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