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Stock Market & Financial Investment News

News Breaks
March 11, 2014
09:30 EDTFITB, DFSDiscover to look more attractive after stress test, says Janney Capital
Janney Capital expects that shares of both Discover (DFS) and Fifth Third Bancorp (FITB) should look more attractive following the upcoming release of the Fed's latest stress test. The firm believes Discover and Fifth Third should have higher capital ratios than required under the severely adverse scenario and that both should be able to justify higher payout ratios.
News For DFS;FITB From The Last 14 Days
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April 27, 2015
08:37 EDTDFSDiscover announces Apple Pay agreement with Apple
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April 21, 2015
19:06 EDTDFSOn The Fly: After Hours Movers
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18:18 EDTDFSDiscover says 'focused' on organic growth
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16:12 EDTDFSDiscover reports Q EPS $1.28, consensus $1.27
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15:28 EDTDFSNotable companies reporting after market close
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09:37 EDTFITBFifth Third says still reducing headcount in some areas
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09:21 EDTFITBFifth Third sees Q2 NIM 'slightly lower' than Q1, sees Q2 NII higher than Q1
Says current environment continues to challenge banks. Says "encouraged" by trends seen in February, March. Says "comfortable" with current portfolio. Says "no change" to FY15 NII expectations, even though current outlook includes no interest rate hike until Q4. Sees Q2 NII higher than Q1. Sees "relative stability" in NIM for remainder of year, sees NIM slightly lower in Q2 than Q1. Sees higher fee income in Q2 from Q1. Says not forecasting Q2 margins remaining at Q1 levels. Sees Q2 mortgage banking net revenue below Q1, but in line with last year's Q2. Sees higher expenses in next two quarters from Q1. Says "encouraged" by overall quality of new loans on balance sheet.Comments made on the Q1 earnings conference call. Fifth Third is up 1.11% in pre-market trading.
06:53 EDTFITBFifth Third sees $180M of repurchases under 2014 CCAR completed before Apr. 23
Expects $180M of share repurchases under 2014 CCAR plan to be completed on or before April 23. Says cash currently sufficient to satisfy all fixed obligations in a stressed environment for more than 18 months without accessing capital markets, relying on future dividends from subsidiaries or any other discretionary actions. Says continuing to target prudent risk/reward profile in lending. Comments from slides that will be presented on the Q1 earnings conference call.
06:33 EDTFITBFifth Third reports Q1 EPS 44c, consensus 37c
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06:18 EDTDFSUS merchants struggle to meet deadline for accepting chip cards, WSJ reports
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April 20, 2015
15:37 EDTFITBNotable companies reporting before tomorrow's open
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April 16, 2015
17:19 EDTDFSDiscover announces $2.2B share repurchase plan, raises dividend to 28c per share
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17:16 EDTDFSDiscover announces $2.2B share repurchase plan, raises dividend to 28c per share
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April 15, 2015
10:00 EDTDFSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
08:14 EDTDFSDiscover reports March net charge-offs 1.71% vs. 1.86% last month
Reports March delinquency rate 1.43% vs. 1.50% last month.
06:49 EDTDFSDiscover upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Discover to Overweight saying the stock is undervalued after the 10.8% year-to-date pullback. The firm keeps a $65 price target for shares.
April 14, 2015
10:01 EDTDFSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AB InBev (BUD) initiated with a Neutral at Susquehanna... AMC Networks (AMCX) initiated with an Overweight at Piper Jaffray... Avery Dennison (AVY) initiated with a Hold at BB&T... Boston Beer (SAM) initiated with a Neutral at Susquehanna... Brocade (BRCD) initiated with a Neutral at Wedbush... Bunge (BG) initiated with an Overweight at Stephens... CIRCOR (CIR) initiated with a Speculative Buy at Global Hunter... Cabot Microelectronics (CCMP) initiated with a Buy at BB&T... Canadian Natural (CNQ) initiated with a Buy at GMP Securities... Cenovus Energy (CVE) initiated with a Hold at GMP Securities... China Distance Education (DL) initiated with a Buy at Brean Capital... Coca-Cola Enterprises (CCE) initiated with a Negative at Susquehanna... Coca-Cola (KO) initiated with a Negative at Susquehanna... Constellation Brands (STZ) initiated with a Neutral at Susquehanna... Discover (DFS) initiated with an Outperform at Wells Fargo... Dr Pepper Snapple (DPS) initiated with a Neutral at Susquehanna... Flex Pharma (FLKS) initiated with a Buy at H.C. Wainwright... Flowserve (FLS) initiated with a Neutral at Global Hunter... Goldman Sachs BDC (GSBD) initiated with a Neutral at BofA/Merrill... ITT Corp. (ITT) initiated with an Accumulate at Global Hunter... Intra-Cellular (ITCI) initiated with an Outperform at RBC Capital... Keurig Green Mountain (GMCR) initiated with a Positive at Susquehanna... Microsemi (MSCC) initiated with a Buy at Topeka... Molson Coors (TAP) initiated with a Positive at Susquehanna... Monster Beverage (MNST) initiated with a Neutral at Susquehanna... New Oriental Education (EDU) initiated with a Hold at Brean Capital... OM Group (OMG) initiated with a Buy at BB&T... Pattern Energy (PEGI) initiated with a Buy at Citigroup... Pentair (PNR) initiated with a Neutral at Global Hunter... PepsiCo (PEP) initiated with a Positive at Susquehanna... Ply Gem (PGEM) initiated with an Overweight at KeyBanc... SodaStream (SODA) initiated with a Positive at Susquehanna... Splunk (SPLK) initiated with an Outperform at Baird... SteadyMed (STDY) initiated with an Outperform at JMP Securities... Suncor (SU) initiated with a Hold at GMP Securities... SuperCom (SPCB) initiated with a Buy at B. Riley... TAL Education (XRS) initiated with a Buy at Brean Capital... Tarena (TEDU) initiated with a Buy at Brean Capital... Ulta Salon (ULTA) initiated with a Buy at Evercore ISI... Versartis (VSAR) initiated with a Buy, $50 target at SunTrust... WisdomTree (WETF) initiated with a Market Perform at Keefe Bruyette... uniQure (QURE) initiated with a Buy at Roth Capital.

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