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Stock Market & Financial Investment News

News Breaks
January 22, 2013
07:06 EDTCHE, JPM, MER, BACChemed enters into Amended and Restated Credit Agreement
Chemed (CHE) announced that it has entered into an Amended and Restated Credit Agreement for its Revolving Credit Facility. JPMorgan Chase Bank (JPM), National Association acted as the Administrative Agent and J.P. Morgan Securities and Merrill Lynch (MER), Pierce, Fenner & Smith Incorporated acted as Joint Lead Arrangers and Joint Bookrunners for this transaction. Bank of America (BAC), was the Syndication Agent and U.S. Bank National Association was the Documentation Agent. Terms of the Credit Agreement consist of a five-year $350M revolving credit facility. The interest rate on this Credit Agreement has a floating rate that is currently LIBOR plus 125 basis points. An expansion feature is included in this Credit Agreement that provides Chemed the opportunity to increase its revolver and/or enter into term loans for an additional $150M.
News For CHE;JPM;MER;BAC From The Last 14 Days
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September 26, 2014
16:01 EDTBACOptions Update; September 26, 2014
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September 25, 2014
16:00 EDTBACOptions Update; September 25, 2014
iPath S&P 500 VIX Short-Term Futures up 2.09 to 30.38. Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN BP PBR GILD DOW according to Track Data.
15:10 EDTJPM, BACHolder resignation as AG positive for banks, says Rafferty Capital
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08:00 EDTBACBuy American Express and Bank of America into earnings, says Morgan Stanley
Morgan Stanley says to buy American Express (AXP) and Bank of America (BAC) going into Q3 earnings. The firm expects American Express to report accelerated credit card spending growth and views valuation as compelling and views Bank of America is a play on rising rates and improving expenses.
September 24, 2014
15:04 EDTBAC, JPMGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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September 23, 2014
15:33 EDTBACBofA announces $10B Catalytic Finance Initiaive, to committ $1B in capital
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10:33 EDTJPMWebster Financial to acquire HSA business from JPMorgan
Webster Financial (WBS), the holding company for Webster Bank, N.A., said that it had signed a definitive agreement to acquire the health savings account, or HSA, business from JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase (JPM). Under the agreement, approximately 700,000 accounts, including an estimated $1.3B in deposits and $175M in investments, will migrate from JPMorgan Chase Bank to HSA Bank, a division of Webster Bank, over a transitional period. In the near term, Webster will use approximately 60% of the deposits to pay down short-term borrowings with the remaining funds invested in securities. Transaction consideration will be all cash; the purchase price was not disclosed. Webster expects the transaction to be modestly accretive to earnings per share and return on equity in the first year following closing. The transaction is expected to improve Webster's loan-to-deposit ratio to approximately 80% from 87% pro forma at June 30. The company estimates the transaction will have tangible book value dilution of approximately 3%. JPMorgan Chase has advised Webster that the transaction is not expected to have a material impact on JPMorgan Chase's earnings.
08:35 EDTCHEChemed outlook positive, says Oppenheimer
After meeting with Chemed's executive management, Oppenheimer thinks the company's Vitas hospice unit is well-positioned for a rebound in 2H:14 and beyond, as admissions headwinds subside. The firm believes that the company's Roto-rooter unit should benefit from growth from water restoration and franchisee acquisitions, and it keeps an Outperform rating on the shares.
September 22, 2014
10:00 EDTBACBank of America rallies, levels to watch
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06:11 EDTJPMEMC explores merger, holds talks with HP, Dell, WSJ reports
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September 20, 2014
19:48 EDTBACBank of America could climb over 50%, Barron's says
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September 19, 2014
16:00 EDTBACOptions Update; September 19, 2014
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September 18, 2014
16:00 EDTBACOptions Update; September 18, 2014
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14:08 EDTJPM, BACBanks look to high-interest personal loans to boost revenue, WSJ says
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05:31 EDTJPMVisa to undertake assessment of stake in Monitise
Visa (V) and Monitise entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities (JPM) to assist. Visa will also be lessening its dependence on external mobile development resources. In 2009, in conjunction with its commercial partnership, Visa invested in Monitise as a 14.4% owner of the company in order to provide capital support to a leader in the evolution of the mobile payments sector. Over time, Visa’s holdings have been reduced to its current 5.5% stake in the company. This reduction in ownership and associated influence is consistent with Visa’s investment practice to seed emerging players and, over time, taper that influence as the partner company grows. Under their agreement, Monitise will provide Visa with mobile platform development services through 2016. As both Visa and the payments industry evolve at a rapid pace, Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources.
September 17, 2014
16:00 EDTBACOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
13:51 EDTJPMJPMorgan to replace some credit cards following Home Depot breach, Reuters says
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13:16 EDTJPM, BACHolder says DOJ looking to charge bank executives, Washington Post says
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07:37 EDTJPMMorningstar to hold a conference
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06:54 EDTJPM, BACNY Attorney General announces NYC bank identity-theft ring takedown
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