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Stock Market & Financial Investment News

News Breaks
February 9, 2013
14:48 EDTFBCFlagstar's revised Q4 EPS is ($1.75); previously reported Q4 EPS was $1.12
Following the Court's decision in the Assured case, Flagstar increased, effective as of December 31, 2012, its reserve for pending and threatened litigation, which resulted in a decrease in net income of $161M, or $2.87 p/s, for Q412. The total amount reserved for pending and threatened litigation, including amounts paid in anticipation of future settlements, was increased to approximately $244.6M at December 31. Included in this reserve are amounts for the Court's decision regarding Assured and for the lawsuit that the MBIA Insurance Corporation filed against the Bank on January 11, 2013, along with other pending litigation.
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August 27, 2014
08:51 EDTFBCFlagstar Bancorp downgraded to Sell at BTIG
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07:42 EDTFBCFlagstar Bancorp downgraded to Sell from Neutral at BTIG
August 26, 2014
17:10 EDTFBCFlagstar Bancorp says has commenced discussions with CFPB
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