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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.
News For FBC From The Last 14 Days
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September 30, 2014
10:02 EDTFBCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMAG Pharmaceuticals (AMAG) upgraded to Outperform at FBR Capital... Addus HomeCare (ADUS) upgraded to Outperform from Perform at Oppenheimer... Alcoa (AA) upgraded at BofA/Merrill... Ashford Hospitality Prime (AHP) upgraded to Outperform from at FBR Capital... Associated British Foods (ASBFY) upgraded to Outperform from Neutral at Credit Suisse... CSC (CSC) upgraded at Raymond James... Century Aluminum (CENX) upgraded to Buy from Neutral at BofA/Merrill... Dominion Diamond (DDC) upgraded to Overweight from Equal Weight at Barclays... Flagstar Bancorp (FBC) upgraded to Neutral from Sell at BTIG... Freeport McMoRan (FCX) upgraded to Buy from Neutral at BofA/Merrill... Hudbay Minerals (HBM) upgraded to Buy from Neutral at BofA/Merrill... ICU Medical (ICUI) upgraded at Raymond James... Lockheed Martin (LMT) upgraded at Stifel... Mellanox (MLNX) upgraded to Overweight from Neutral at Piper Jaffray... NiSource (NI) upgraded to Outperform from Neutral at Credit Suisse... Northwest Bancshares (NWBI) upgraded to Outperform at Boenning & Scattergood... NuVasive (NUVA) upgraded to Buy from Hold at Brean Capital... Patterson-UTI Energy (PTEN) upgraded to Equal Weight at Morgan Stanley... Raytheon (RTN) upgraded at Stifel... Royal Dutch Shell (RDS.A) upgraded to Outperform from Market Perform at Bernstein... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... TIBCO (TIBX) upgraded to Equal Weight from Underweight at Barclays... Taseko Mines (TGB) upgraded to Neutral from Underperform at BofA/Merrill... Teekay (TK) upgraded to Buy from Hold at Deutsche Bank... Toyota (TM) upgraded to Overweight from Neutral at JPMorgan.
06:10 EDTFBCFlagstar Bancorp upgraded to Neutral from Sell at BTIG
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September 29, 2014
13:51 EDTFBCCFPB charges Flagstar Bancorp $37.5M over servicing violations
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