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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:02 EDTFBCFlagstar Bancorp announecs sale of remaining commercial loan portfolio
Flagstar Bancorp announced that the Bank has entered into a definitive Asset and Portfolio Purchase and Sale Agreement under which Customers Bank will acquire substantially all of Flagstar's remaining Northeast-based commercial loan portfolio. Under the terms of the Agreement, Customers will acquire $187.6M in commercial loan commitments, of which $150.9M is currently outstanding. Flagstar expects that the total purchase price will be approximately $148.9M, which represents 98.7% of the outstanding balance. Flagstar expects that a vast majority of these assets will be transferred during the first quarter 2013. Upon completion of these transfers, Flagstar expects its remaining Northeast-based commercial loan portfolio balance to be approximately $19.3M.
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February 9, 2016
10:00 EDTFBCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Neutral from Sell at Goldman... Electronic Arts (EA) upgraded to Buy from Neutral at Hilliard Lyons... First Interstate (FIBK) upgraded to Outperform from Market Perform at Fig Partners... Flagstar Bancorp (FBC) upgraded to Buy from Hold at Sandler O'Neill... Frontline (FRO) upgraded to Buy from Neutral at Clarksons Platou... Grifols (GRFS) upgraded to Buy from Hold at Berenberg... Grupo Financiero (GGAL) upgraded to Neutral from Underweight at JPMorgan... Kinross Gold (KGC) upgraded to Outperform from Neutral at Credit Suisse... Luxottica (LUX) upgraded to Hold from Underperform at Jefferies... PrivateBancorp (PVTB) upgraded on growth outlook at SunTrust... SS&C (SSNC) upgraded to Outperform from Market Perform at Raymond James... Salesforce (CRM) upgraded to Hold from Underperform at Jefferies... TCF Financial (TCB) upgraded to Neutral from Sell at Compass Point... TreeHouse (THS) upgraded to Overweight from Neutral at JPMorgan... WPX Energy (WPX) upgraded to Overweight from Equalweight at Capital One... Yelp (YELP) upgraded to Neutral from Sell at B. Riley.
07:59 EDTFBCFlagstar Bancorp upgraded to Buy from Hold at Sandler O'Neill
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