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Stock Market & Financial Investment News

News Breaks
December 10, 2012
06:44 EDTDBDeutsche Bank fires 'a handful' of employees, Dealbreaker reports
Deustche Bank (DB) on Friday reportedly fired 'a handful' of employees in New York, including an analyst and a director, Dealbreaker reports. The bank is also said to have let go of "two VPs in Industrials," "at least one VP "from M&A and an "M&A MD in SF." Reference Link
News For DB From The Last 14 Days
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February 4, 2016
06:17 EDTDBDeutsche to face U.S. suit over $3.1B in shareholder losses, Reuters says
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05:11 EDTDBDeutsche Bank implied volatility of 53 at upper end of index mean range
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February 3, 2016
11:37 EDTDBOptions with increasing put volume; PSX CDNS DF WDR MELI MAS NOV WSM DB
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05:10 EDTDBEmpresas ICA confirms sale of OMA shares pledged as collateral
Empresas ICA (ICA) confirmed that Deutsche Securities, S.A. de C.V., Casa de Bolsa foreclosed on collateral in the form of OMA Series B shares pledged to secure a loan to ICA's wholly-owned subsidiary, Aeroinvest, after a Mexican federal judge granted Deutsche Bank (DB) a suspension of the injunctions sought by ICA related to the pledged shares. In connection with the foreclosure on the pledged shares, Deutsche Bank sold a total of 33,162,600 OMA Series B shares, representing 8.29 % of OMA's equity capital in the form of Series B and Series BB shares. Excluding the shares referenced above, ICA holds a 17.23 % ownership interest in OMA in the form of Series B and Series BB shares, directly and indirectly, through Aeroinvest and SETA. ICA is not in default under any other loan agreement subject to a pledge of OMA shares.
January 28, 2016
08:56 EDTDBDeutsche Bank plans will barely meet 2019 capital requirements, WSJ says
Deutsche Bank CEO John Cryan said the bank does not need fresh capital, but the bank's plans will leave it with a capital ratio that "only just squeaks over the hurdle it must clear" in 2019, according to The Wall Street Journal's Paul Davies, who contends that "Deutsche may still need another equity injection to make it through" despite the CEO's promise. Reference Link
05:55 EDTDBDeutsche Bank reports Q4 net income (EUR 2.13B) vs. EUR 441M last year
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January 25, 2016
08:43 EDTDBDeutsche Bank to slash 2015 bonuses after record loss, Reuters reports
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January 24, 2016
11:02 EDTDBStocks post weekly gain after oil rebounds
Stocks recovered late in the week to post their first weekly gain of the new year as equities continue to be correlated closely with the oil market. A plunge in oil led equities lower early in the holiday shortened week, but as oil prices rebounded to close the week out, the major averages followed suit. MACRO NEWS: In the U.S., the consumer price index fell 0.1% during December, versus expectations for a flat reading. The core reading, which excludes food and energy, showed prices rose 0.1% from the prior month, versus expectations for an increase of 0.2%. Initial jobless claims rose to 293,000 last week, topping the expectation for 278,000 first-time claims. Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast... In Asia, China's national bureau of statistics estimated that GDP growth slowed to 6.8% in the last quarter of the year, dipping from 6.9% growth in the previous quarter. China's industrial output rose 5.9% from a year earlier in December, compared with the consensus forecast for a 6% increase. Japan's Nikkei average was down early in the week, even falling into bear market territory, but rallied nearly 6% on Friday after the Nikkei Asian Review said that the Bank of Japan is taking a "serious look" at additional easing... In Europe, the European Central Bank left its key interest rates unchanged. However, at an associated press conference, ECB President Mario Draghi acknowledged downside risks were increasing again, meaning the bank may need to "review and possibly reconsider" its monetary policy stance at its next meeting in March. Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. The International Monetary Fund cut its global growth forecasts for the third time in less than a year. The IMF now estimates that the world economy will grow 3.4% this year and 3.6% next year, down from its prior forecasts of 3.6% and 3.8% growth, respectively. COMPANY NEWS: On Tuesday, Morgan Stanley (MS) advanced 1% after its earnings and revenue topped analysts' consensus forecast. Big bank peer Bank of America (BAC) slid 1% after its earnings also beat expectations but its revenue narrowly missed the consensus estimate... On Wednesday, IBM (IBM) slid nearly 5% after reporting better than expected earnings and revenue for the fourth quarter, but forecasting below-consensus profits for the new year... On Thursday, Verizon (VZ) was among the best performers on the Dow, advancing over 3% after its earnings, revenue and wireless subscriber additions all topped expectations. Conversely, fellow Dow member Travelers (TRV) slid almost 1% after releasing its own quarterly results... On Friday, American Express (AXP) sunk more than 12% after the card issuer reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors. Fellow Dow member GE (GE) slid a bit more than 1% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) shares gained 6% after the oil services giant reported earnings that topped expectations, approved a quarterly dividend of 50c per share and a new share repurchase program of $10B and said it plans to cut 10,000 more jobs... Netflix (NFLX) reported fourth quarter earnings that beat analyst estimates, powered by better than expected international subscriber growth. The numbers were met with positive commentary by several research firms, though decelerating U.S. subscriber growth was highlighted by bears as a warning sign for the company... Deutsche Bank (DB) disclosed that it expects a EUR2.1B net loss for the quarter due to a number of charges, including expected litigation costs of EUR1.2B... Xilinx (XLNX) advanced after reporting its third quarter numbers. The news may have been overshadowed, however, by a regulatory filing showing new agreements with its top executives, with several analysts highlighting that the change could signal a takeover is in the cards in the future... Alkermes (ALKS) plunged more than 44% after disclosing that two of three Phase 3 studies of its experimental depression disorder treatment did not meet their primary efficacy endpoints. INDEXES: For the four-day week, the Dow gained about 0.67% to close at 16,093.51, the S&P 500 rose about 1.4% to close at 1,906.90, and the Nasdaq increased about 2.3% to close at 4,591.18.

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