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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:53 EDTCOF, WFCCapital One has positive read from Wells Fargo report, says Janney Capital
Janney Capital raised its 2014 EPS estimate for Capital One (COF) to $7.26 from $7.03 and took its fair value estimate on the stock up to $82 from $79 following the quarterly report from Wells Fargo (WFC), which the firm says confirmed its view that industry credit card charge-offs are likely to decline. Janney keeps its Neutral rating on Capital One.
News For COF;WFC From The Last 14 Days
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January 29, 2015
13:59 EDTCOFEarnings Preview: MasterCard to report amid foreign exchange worries
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January 28, 2015
09:59 EDTCOFOn The Fly: Analyst Downgrade Summary
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06:24 EDTCOFCapital One downgraded to Neutral from Buy at Guggenheim
January 26, 2015
12:49 EDTWFCFederal Reserve discloses plan to improve U.S. payment system, WSJ reports
The Federal Reserve released a plan that would improve the U.S. payment system, saying the current outlook, which covers banking, checking, credit cards and online transactions is fragmented and outdated with respect to new technologies that may harm consumers, the Wall Street Journal reports. The Federal Reserve invited banks, credit card companies and payment processors to coordinate efforts. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
07:45 EDTWFCFifth Third Bancorp to buy back $180M of stock from Wells Fargo
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January 23, 2015
08:21 EDTCOFCapital One Q4 results have more positives than negatives, says Bernstein
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07:23 EDTWFCBass does not expect large U.S. banks to break up
Publicly traded companies in the space include Bank of America (BAC), Citi (C), JPMorgan (JPM), and Wells Fargo (WFC). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:42 EDTWFCU.S. banks preparing for prolonged low bond yields, Reuters says
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January 22, 2015
16:09 EDTCOFCapital One reports Q4 EPS $1.73, consensus $1.74
Reports Q4 revenue $5.8B, consensus $5.7B. Reports Q4 net charge offs 1.80%. Reports Q4 tangible book value per share $50.32. Reports Q4 net income $999M. Pre-provision earnings decreased 5 percent to $2.5B. Provision for credit losses increased 12 percent to $1.1B. Mortgage representation & warranty benefit of $41M in discontinued operations. Common equity Tier 1 capital ratio under Basel III Standardized Approach of 12.4% at December 31, 2014.
15:32 EDTCOFNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Starbucks (SBUX), consensus 80c; Capital One (COF), consensus $1.74; Intuitive Surgical (ISRG), consensus $4.38; KLA-Tencor (KLAC), consensus 52c; Altera (ALTR), consensus 35c; E-Trade (ETFC), consensus 23c... ResMed (RMD), consensus 62c; Maxim Integrated Products (MXIM), consensus 30c; Maxim Integrated Products (MSCC), consensus 65c; Hexcel (HXL), consensus 54c; Polycom (PLCM), consensus 23c; Skyworks (SWKS), consensus $1.19; Curtiss-Wright (CW), consensus $1.00.
14:36 EDTWFCCFPB fines Wells Fargo, JPMorgan for kickback scheme
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