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Stock Market & Financial Investment News

News Breaks
February 8, 2013
13:05 EDTCIT, TD, WFCCIT Group explored possible sale, Reuters reports
CIT Group (CIT) has had talks with Toronto-Dominion (TD), Wells Fargo (WFC) and other banks about selling itself, though nothing came of the talks, according to a Reuters report that cites three people familiar with the company. Reference Link
News For CIT;TD;WFC From The Last 14 Days
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June 19, 2013
15:05 EDTWFCBernanke says largest banks at or near compliant to Basel III rules
13:49 EDTTDToronto-Dominion to repurchase up to 12M common shares
The Toronto-Dominion Bank announced that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions Canada have approved TD's previously announced normal course issuer bid. As announced, TD intends to repurchase up to 12M of its common shares pursuant to its bid which will commence on June 21 and end on June 20, 2014, such earlier date as TD may determine or such earlier date as TD may complete its purchases pursuant to the notice of intention filed with the TSX.
05:39 EDTCITCIT Group orders 30 737 MAX 8s from Boeing
Boeing (BA) and CIT Group (CIT) announced that CIT Aerospace has placed an order for 30 737 MAX 8s. As of March 31, CIT owned or financed a fleet of approximately 350 commercial aircraft, including operating lease and financing agreements in place for 128 Boeing aircraft.
June 18, 2013
10:01 EDTTDOn The Fly: Analyst Downgrade Summary
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06:25 EDTTDToronto-Dominion downgraded to Equal Weight from Overweight at Barclays
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June 17, 2013
07:31 EDTWFCDNV KEMA to host a forum
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07:10 EDTWFCBig banks fight new rules for small loans, WSJ reports
Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link
06:36 EDTCITCIT Group upgraded to Buy from Hold at Drexel Hamilton
Drexel Hamilton upgraded CIT Group following expansion of its recently announced buyback program and a potential dividend near-term.
06:14 EDTWFCOn the Fly: Periodicals Wrap-Up
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June 14, 2013
10:10 EDTWFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
07:57 EDTWFCWells Fargo downgraded at Sterne Agee
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06:30 EDTWFCWells Fargo downgraded to Neutral from Buy at Sterne Agee
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June 12, 2013
10:14 EDTWFCOn the Fly: Downgrade Summary
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06:21 EDTWFCWells Fargo downgraded to Underweight from Neutral at Atlantic Equities
05:58 EDTWFCSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTWFCBanks given extension to spin off swaps units, WSJ reports
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11:29 EDTCITCIT Group CFO sees room for more capital returns to investors
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07:30 EDTCIT, WFCMorgan Stanley to host a conference
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June 7, 2013
16:14 EDTWFCFormer Wells Fargo unit reaches agreement with Fed on mortgage loans
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June 6, 2013
12:06 EDTWFCWells Fargo settles foreclosure-upkeep case for $42M, WSJ says
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