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News For CVC;JPM;C From The Last 14 Days Check below for free stories on CVC;JPM;C the last two weeks. |
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| May 17, 2013 |
| 07:10 EDT |  | JPM | JPMorgan asks shareholders to reject chairman, CEO split, WSJ reports
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| 06:06 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. |
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| May 16, 2013 |
| 12:01 EDT |  | JPM | Bill Daley assisting JPMorgan over vote, CNBC's Tausche reports
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| 08:51 EDT |  | JPM | JPMorgan management to meet with UBS
Meeting to be held in New York on May 16 hosted by UBS. |
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| 08:33 EDT | | C | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. |
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| 07:35 EDT |  | JPM | J.C. Penney May volatility elevated at 106 into Q1
J.C. Penney May call option implied volatility is at 106, June is at 57, July is at 50; compared to its 26-week average of 62 according to Track Data, suggesting larger near term price movement in the expected release of Q1 results after the market close today. |
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| 07:18 EDT | | C | Investors bet on banks hit by credit crisis, Bloomberg reports
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| 06:41 EDT | | C, JPM | Big banks to benefit from U.S. concession on derivatives, NY Times says
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| 06:12 EDT | | JPM | JPMorgan's Dimon has long helped select new board members, Reuters reports
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| May 15, 2013 |
| 17:03 EDT | | JPM, C | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). |
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| 16:02 EDT | | C | Options Update; May 15, 2013
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| 15:32 EDT | | C | Citigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month |
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| 12:30 EDT | | JPM | JPMorgan, Portugal in talks to resolve derivative contracts issue, Reuters says
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| 11:48 EDT | | C | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. |
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| 06:53 EDT | | JPM | JPMorgan holders look unlikely to strip Dimon of chairmanship, FT says
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| 06:34 EDT | | JPM | JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says
JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J |
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| 06:15 EDT | | JPM | JPMorgan reports April net credit losses 3.49% vs. 3.48% last month
Reports April delinquency rate 1.70% vs. 1.80% last month. |
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| May 14, 2013 |
| 18:28 EDT | | C | Citi announces sale of Credicard to Banco Itaú Unibanco
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| 18:02 EDT | | JPM | JPMorgan vote to split CEO and Chairman role just above 40%, WSJ reports
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| 16:00 EDT | | C | Options Update; May 14, 2013
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| 08:33 EDT | | C, JPM | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
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| 08:24 EDT | | JPM | David Tepper says has 'small position' in JPMorgan
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| 08:18 EDT | | C | David Tepper says Citigroup position 'more than twice' Apple stake
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| 08:10 EDT | | C | David Tepper says biggest position remains Citigroup
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| 08:10 EDT | | C | David Tepper says biggest position remains Citigroup
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| 07:28 EDT | | JPM | UBS to host a conference
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| 05:58 EDT | | JPM | JP Morgan volatility at low end of six-year range
JP Morgan May call option implied volatility is at 22, June is at 20, August and September at 19; compared to its 26-week average of 22 according to Track Data, suggesting non-directional price movement. |
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| 05:44 EDT | | JPM | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 15:04 EDT | | JPM, C | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 09:39 EDT | | C | Active equity option families trading
Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR |
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| 07:41 EDT | | JPM | Dimon role may be decided by board director Raymond's view, NY Times reports
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| 07:07 EDT |  | JPM | JPMorgan shares offer good value, says Bernstein
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| 06:22 EDT | | JPM | JPMorgan's Dimon has considered leaving the bank, WSJ reports
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| May 10, 2013 |
| 16:01 EDT | | C | Options Update; May 10, 2013
CBOE Volatility Index VIX down 56c to 12.57. Option volume leaders: BIDU AAPL TSLA GOOG C MBI MGM according to Track Data. |
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| 14:21 EDT | | JPM | JPMorgan directors recommend against splitting Chairman, CEO roles
Two of JPMorgan's directors, Lee Raymond and William Weldon, sent a letter to shareholders of the bank urging for re-election of all its existing directors and supporting Jamie Dimon continuing as both Chairman and CEO. The directors, who identified themselves as the Presiding Director and the Chairman of the Corporate Governance & Nominating Committee, stated: "We believe that a vote against our current Directors or a vote to permanently separate the Chairman and CEO positions could be disruptive to the Company and is not in shareholders’ best interests," according to a copy of the letter posted online by Financial Times. Reference Link |
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| 10:00 EDT |  | CVC | On The Fly: Analyst Downgrade Summary
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| 05:50 EDT | | CVC | Cablevision downgraded to Neutral from Buy at Citigroup
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| May 9, 2013 |
| 17:12 EDT | | JPM | JPMorgan sued by California for "fraudulent, unlawful debt-collection practices"
Attorney General Kamala D. Harris filed an enforcement action against JPMorgan Chase alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period. Chase used California’s judicial system as a mill to obtain default judgments, the suit alleges, using illegal tactics to flood the state’s court system in order to secure default judgments and garnish wages from Californians. Reference Link |
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| 10:48 EDT | | CVC | Cablevision CFO says no plan to cut dividend
Cablevision CFO Gregg Seibert said on the company's first quarter earnings conference call that the company's board shows "complete support" for continuing Cablevision's dividend at its current level. Seibert said the company pays about $40M a quarter in the form of a dividend and that the company "certainly did not earn that in the first quarter on a free cash flow basis." Seibert acknowledged going forward it's not clear the company will consistently earn that over the next few quarters, but from a liquidity standpoint the company's proceeds from its Bresnan transaction "should be in the neighborhood of $625M plus whatever working capital and cash is in the company at the time of closing." That liquidity and other sources gives the board "comfort" in regard to maintaining the dividend, according to the executive. |
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| 10:30 EDT | | CVC | Bill would pressure cable companies on a la carte channels, The Hill says
Republican Senator John McCain is writing a bill that would push cable TV and satellite companies to offer a la carte channel options to their customers, according to The Hill, which cited statements by the senator's office. McCain's bill would rpessure cable and satellite companies to enable consumers to choose which individual channels they want, the website explained. Reference Link |
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| 08:36 EDT | | CVC | Cablevision sees Q2 adjusted operating cash flow to be above Q1
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| 08:34 EDT |  | CVC | Cablevision reports Q1 EPS (6c), consensus 5c
Reports Q1 revenue $1.52B, consensus $1.64B. Reports consolidated adjusted operating cash flow, or AOCF, decreased 26.9% to $343.4M. |
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| 08:09 EDT | | JPM | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link |
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| 07:35 EDT | | JPM | Platts to host a conference
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| 07:12 EDT | | C | Citigroup closing in on Deutsche Bank in Asian currency trade, Bloomberg reports
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| 06:40 EDT | | JPM | Calpers to support separation of chairman, CEO roles at JPMorgan, NY Times says
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| 06:10 EDT | | C | On the Fly: Periodicals Wrap-Up
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| 05:43 EDT | | JPM, C | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link |
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| 05:39 EDT | | JPM | JPMorgan looks for more board directors for its risk committee, WSJ reports
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| May 8, 2013 |
| 19:52 EDT | | JPM | JPMorgan discloses receipt of Wells-type notice from FERC
In a regulatory filing, JPMorgan disclosed that the Federal Energy Regulatory Commission is investigating the firm’s bidding practices in certain organized power markets. In March, the firm received a Wells-type notice that the FERC staff intends to recommend that the Commission bring a possible enforcement action against J.P. Morgan Ventures Energy, JPMorgan Chase, and certain firm personnel relating to alleged violations of FERC rules and the rules of certain independent system operators. Additionally, in November 2012, the FERC issued an order suspending JPMVEC’s market-based rate authority for six months commencing on April 1, based on its finding that statements concerning discovery obligations made in submissions related to the FERC investigation violated FERC rules regarding misleading information. |
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| 16:18 EDT | | JPM | FERC delivers 'wells-type' notice to JPMorgan on energy probe, Bloomberg reports
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| 16:00 EDT | | C | Options Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data. |
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| 15:29 EDT | | CVC | Notable companies reporting before tomorrow's open
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| 10:57 EDT | | JPM | ICU Medical jumps after report says company considering sale
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| 10:20 EDT | | JPM | JPMorgan chooses Bisso to run North America investment office, Bloomberg says
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| 09:45 EDT | | JPM | JPMorgan named Erik Bisso as CIO for North America, Bloomberg reports
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| 09:37 EDT | | C | Active equity option families trading on open
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| May 7, 2013 |
| 12:38 EDT | | C | Citigroup sues Barclays over Lehman losses, Reuters says
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| 10:56 EDT | | JPM | Second firm recommends JPMorgan split CEO, Chairman roles, FT reports
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| 10:28 EDT | | JPM | JPMorgan may cut commodity trader jobs in London, Dubai, Bloomberg says
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| 10:20 EDT | | C | Banks accused of restraining swaps market competition, Bloomberg says
A sheet metal workers union in Cleveland claimed in federal court that Goldman Sachs Group (GS), Citigroup (C) and 10 other banks have restrained market competition" for credit default swaps, violating U.S antitrust law, says Bloomberg. Other banks named in the complaint include Bank of America (BAC), Deutsche Bank (DB), and UBS (UBS), added Bloomberg. Reference Link |
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| 07:10 EDT | | JPM | Three major JPMorgan shareholders undecided on Dimon's roles, WSJ reports
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| 06:07 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports. |
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| 06:01 EDT | | C, JPM | Antero Resources, controlled by Warburg Pincus, plans IPO, Reuters reports
Denver-based Oil and gas company Antero Resources, controlled by Warburg Pincus LLC, is preparing for an IPO that could value it at as much as $10B, sources say, reports Reuters. Antero hired Barclays (BCS), JP Morgan Chase (JPM) and Citigroup (C) to lead the deal, sources added. Reference Link |
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| 05:50 EDT | | C, JPM | Mortgage lenders ease standards for 'prime' borrowers, WSJ reports
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| May 6, 2013 |
| 16:03 EDT | | C | Options Update; May 6, 2013
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| 13:19 EDT | | C | Citigroup investor: Idea of splitting bank 'completely dead,' Reuters reports
Saudi prince Alwaleed bin Talal, Citigroup's largest individual shareholder, says that the idea of splitting up the bank is "dead completely," adding that the conservative strategy of CEO Mike Corbat is starting to reflect in its financial results, Reuters reports. Reference Link |
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| 12:46 EDT | | C | Citigroup investor: Idea of splitting bank 'completely dead,' Reuters reports
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| 06:07 EDT | | JPM | Warren Buffett says JPMorgan has the 'right CEO'
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| May 5, 2013 |
| 19:20 EDT | | C, JPM | N.Y AG plans homeowner enforcement versus financial firms, Bloomberg reports
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| 13:21 EDT | | JPM | ISS suggests JPMorgan holders reject three directors, Reuters says
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