New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For FIATY;MS;BAC;GS From The Last 14 Days
Check below for free stories on FIATY;MS;BAC;GS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>
July 25, 2014
11:20 EDTMSPhilips selects Morgan Stanley for lighting unit stake sale, Reuters says
Subscribe for More Information
08:58 EDTFIATYNHTSA opening new probe into defects in Dodge Chargers, Detroit News reports
Subscribe for More Information
July 24, 2014
16:38 EDTGSJames Schiro retires from the board of Goldman Sachs due to health reasons
The board of The Goldman Sachs Group announced that James Schiro, lead director and chair of the boardís corporate governance, nominating and public responsibilities committee, has retired from the board in order to undergo treatment after a diagnosis of multiple myeloma.
11:12 EDTBACBank of America to pay $16.6M to resolve U.S. sanctions violations, Reuters says
The Treasury Department said Bank of America has agreed to say $16.6M to resolve allegations it processed transactions for drug traffickers subject to U.S. sanctions, reports Reuters. The bank processed around $91,000 in transactions for six designated narcotics traffickers between 2005 and 2009, and failed to file timely reports on accounts owned by four others. Reference Link
11:08 EDTMSMorgan Stanley to pay $275M in RMBS settlement with SEC
The SEC said it charged three Morgan Stanley entities with "misleading investors in a pair of residential mortgage-backed securities securitizations that the firms underwrote, sponsored, and issued." Morgan Stanley agreed to settle the charges by paying $275M to be returned to harmed investors, the agency said. Reference Link
11:00 EDTFIATYPeugeot denies Fiat merger discussions report, Bloomberg says
Subscribe for More Information
10:34 EDTFIATYFiat 'categorically denies' report of merger talks with Peugeot, Bloomberg says
Bloomberg cites a Fiat (FIATY) spokesperson responding by phone to the report from Financial Times.
10:32 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
Subscribe for More Information
10:30 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
Subscribe for More Information
07:26 EDTFIATYISS recommends Fiat investors vote against Chrysler deal, Reuters says
Subscribe for More Information
06:03 EDTMSMorgan Stanley implied volatility of 18 at lower end of index mean range
July 23, 2014
07:20 EDTFIATYFiat head says VW tie-up never an option, Reuters says
Subscribe for More Information
July 22, 2014
16:26 EDTFIATYChrysler recalling older-model SUVs over ignition switch concerns
Subscribe for More Information
07:17 EDTBACNational Association for Business Economics to hold a seminar
Subscribe for More Information
06:34 EDTGSGoldman, others close to $2B Huarong agreement, Reuters says
Goldman Sachs and other private equity firms such as Warburg Pincus, Khazanah Nasional, CITIC Group, China International Capital, Fosun Group and COFCO are nearing an agreement to purchase up to a 20% stake in China Huarong Asset Management for approximately $2B, according to Reuters, citing people familiar with the matter. Reference Link
July 21, 2014
16:40 EDTMSFifth Third Bancorp in share repurchase pact with Morgan Stanley
Subscribe for More Information
07:29 EDTMS, BACAIG settlement with BofA takes crisis claw back total up to $2B, FT says
Subscribe for More Information
06:47 EDTGSGoldman signs preliminary agreement with Socar unit, Reuters says
Subscribe for More Information
July 18, 2014
16:47 EDTBAC, GSMarket ends week higher as earnings, M&A offset geopolitical tensions
Subscribe for More Information
13:02 EDTGSGoldman, JPMorgan ready with $25B bridge loan for Time Warner takeover by Fox
Subscribe for More Information
10:42 EDTMSMorgan Stanley expands commodities trading, financing units, Reuters says
Subscribe for More Information
08:18 EDTMSMorgan Stanley results encouraging, says JMP Securities
Subscribe for More Information
06:45 EDTBACDocument reveals SEC examining firms in HFT probe, Reuters says
An internal document from the U.S. Securities and Exchange Commission revealed that the regulator has been looking for data on 10 registered broker dealers as part of an ongoing probe into high-frequency trading strategies, according to Reuters, citing the document. The firms in question include Allston Trading, Hudson River Trading, Jump Trading, Latour Trading, which is an affiliate of Tower Trading, Merrill Lynch, Pierce, Fenner & Smith, owned by Bank of America (BAC), Octeg, which has been merged into a unit of KCG (KCG), Tradebot Systems, Two Sigma Investments, Two Sigma Securities and Virtu Financial. Reference Link
06:21 EDTGSCTW Investment asks SEC to probe Walgreen's meetings, NY Post says
CTW Investment Group has asked the SEC to investigate private meetings that top Walgreen (WAG) executives held with investors to reincorporate overseas for tax reasons, reports the New york Post. The pension advisor is raising questions about whether Walgreen's meetings with Goldman Sachs (GS), Jana Partners, Och-Ziff and Corvex broke fair disclosure rules. Reference Link
July 17, 2014
11:00 EDTMSMorgan Stanley says financial advisors growing mortgages despite weak demand
Subscribe for More Information
10:48 EDTMSMorgan Stanley says not likely industry ROE stays below 10%
Subscribe for More Information
10:27 EDTMSMorgan Stanley sees M&A remaining "vibrant"
Says that although June was stronger than first two months of quarter, too early to determine conditions for balance of year. Says M&A volumes remain strong, financing markets remain "receptive," seeing an increase in activity in Europe.
10:20 EDTMSMorgan Stanley says continuing to work toward close fo Rosneft deal
Subscribe for More Information
10:06 EDTMSMorgan Stanley rises after earnings, heading for resistance
Subscribe for More Information
09:15 EDTMSOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
08:47 EDTGSAdvanced Emissions provides operations update
Subscribe for More Information
07:50 EDTFIATYBiggest Fiat stakeholder denies possible VW acquisition, Bloomberg says
Fiat's (FIATY) largest stakeholder, the Agnelli family, said that there were no talks regarding a merger between the Italian car manufacturer and Volkswagen (VLKAY), according to Bloomberg, citing a spokesman for Exor, the Agnelli family's investment firm. Exor owns 30% of Fiatís shares and was responding to a report by Germanyís Manager Magazin. Reference Link
07:21 EDTMSMorgan Stanley says #2 in announced M&A, #3 in IPOs
Subscribe for More Information
07:19 EDTMSMorgan Stanley says results included net discrete tax benefit of 31c per share
07:19 EDTMSMorgan Stanley reports Q2 EPS 60c ex-DVA, tax benefit, consensus 55c
Subscribe for More Information
07:18 EDTMSMorgan Stanley reports Q2 Institutional Securities revenue $4.2B
Institutional Securities net revenues for the current quarter were $4.2B compared with $4.4B a year ago. DVA resulted in positive revenue of $87M in the current quarter compared with $175M a year ago. Excluding DVA, net revenues for the current quarter of $4.2B were relatively unchanged from a year ago. Wealth Management net revenues for the current quarter were $3.7B compared with $3.5B a year ago. Investment Management net revenues of $692M increased from $673M in the prior year. Results reflect higher gains on investments in Merchant Banking and higher results in Traditional Asset Management, partly offset by lower revenues in the Real Estate Investing business driven by the deconsolidation of certain legal entities associated with a real estate fund sponsored by the Firm.
07:18 EDTMSMorgan Stanley reports Tier 1 risk-based capital ratio approx. 15.2% at June 30
Subscribe for More Information
07:17 EDTMSMorgan Stanley reports Q2 EPS 94c, consensus 55c
Subscribe for More Information
06:44 EDTFIATYReport says VW in talks to buy Fiat, Reuters says
Subscribe for More Information
06:38 EDTMS, BACStudy says UBS largest private bank with assets near $2T, Reuters says
Subscribe for More Information
06:28 EDTFIATYChrysler pressured to fix Jeep recall faster, Detroit News says
The National Highway Traffic Safety Administration pressured Chrysler to resolve recalls for Jeep Grand Cherokee and Liberty vehicles due to risk of fire. The company stated it will be able to produce enough trailer hitches to complete the 1.56M vehicle recall faster than anticipated, reports the Detroit News. Reference Link
06:00 EDTGSGoldman Sachs implied volatility of 15 at lower end of index mean range
Subscribe for More Information
July 16, 2014
15:02 EDTMSMorgan Stanley July 32.5 straddle priced for 3.3% move into Q2
Subscribe for More Information
14:57 EDTMSEarnings Preview: Morgan Stanley to report amid optimism on Wealth Management
Morgan Stanley (MS) is scheduled to report second quarter earnings before the open on Thursday, July 17 with a conference call scheduled for 10:00 am ET. Morgan Stanley is a bank holding company. EXPECTATIONS: Analysts are looking for EPS of 55c on revenue of $8.2B, according to First Call. The consensus range for EPS is 52c-64c on revenue of $7.58B-$8.65B. Morgan Stanley (MS) reported stronger than expected first quarter results, as the company's revenue rose to $8.9B from $8.2B. The company's wealth management unit generated pre-tax income of $691M, versus $597M in the same period a year earlier. Morgan Stanley's investment management unit saw its pre-tax income from continuing operations rise to $263M from $187M, while the pre-tax income of its institutional Securities division rose $1.4B, up from $799M. Morgan Stanley's wealth management business will continue growing and the business' return on equity will eventually be well over 10%, said the company's CEO, Tom Gorman last month, according to The New York Times. But declines in the bank's fixed income revenues may make it harder for its securities businesses to exceed a 10% return on equity, and the firm has significantly reduced its trading operations, the newspaper quoted the CEO as saying. PEERS: On July 15, Goldman Sachs reported stronger than expected results, as the bank's investment banking unit saw its net revenue rise 15% year-over-year, while the net revenues generated by its Institutional Client Services unit dropped 11%. But Goldman's investing and lending unit saw its net revenues surge 46% year-over-year. Citigroup (C), on July 14, reported higher than expected Q2 EPS excluding certain items but lower than expected revenue. Revenue from Citi's Institutional Client Group dropped 11%, as revenue from fixed income and equity markets fell. STREET RESEARCH: On July 10, research firm Bernstein recommended Morgan Stanley's stock due to its exposure to high margin investment banking. Bernstein also liked Morgan Stanley because of its exposure to wealth management. PRICE ACTION: Morgan Stanley is up almost 9% over the last three months and it has surged over 23% in the last twelve months.
12:26 EDTBACOn The Fly: Midday Wrap
Subscribe for More Information
10:14 EDTBACBofA said to offer $13B to settle mortgage-securities probe, WSJ reports
Subscribe for More Information
09:37 EDTBACActive equity options trading on open
Subscribe for More Information
08:51 EDTBACBank of America sees reserve releases to decline 'modestly' through rest of year
Subscribe for More Information
08:47 EDTBACBofA now sees 'New BAC" cost savings of $2B to be achieved by Q4
Subscribe for More Information
08:45 EDTBACBofA says balance sheet still positioned for NII benefit as rates move up
Subscribe for More Information
08:36 EDTBACBofA says underlying trading business performed well despite lower volumes
Subscribe for More Information
07:17 EDTBACBofA/Merrill to hold a roundtable
Subscribe for More Information
07:13 EDTBACBank of America CEO says economy strengthening, customers doing more business
Subscribe for More Information
07:11 EDTBACBank of America reports $21.16 book value per share at June 30
Subscribe for More Information
07:08 EDTBACBofA reports Q2 provision for credit losses $411M, net charge-offs $1.1B
Subscribe for More Information
07:05 EDTBACBofA sees Basel 3 common equity tier 1 ratio up to 9.5%
Subscribe for More Information
07:04 EDTBACAIG to receive $650M in cash in Bank of America settlement
Subscribe for More Information
07:02 EDTBACBank of America reports Q2 EPS ex-items 41c, consensus 29c
Reports Q2 revenue $21.75B, consensus $21.61B. Results include litigation expense of $4.0B pretax or approximately 22c per share after tax.
07:02 EDTBACAIG announces settlement with BofA on residential mortgage related disputes
American International Group (AIG) announced that it has reached a global resolution of its residential mortgage related disputes with Bank of America (BAC). The resolution includes its claims pending in New York and California federal courts related to the creation, offering, and sale of RMBS from which AIG and its subsidiaries suffered losses either directly on their own account or in connection with their participation in AIGís securities lending program. The resolution also covers AIGís objections to the $8.5 billion settlement of Countrywideís mortgage repurchase obligations to various investors, as well as disputes concerning the issuance of mortgage guaranty insurance by AIGís United Guaranty subsidiaries to Bank of America and Countrywide. Under the terms of the settlement, AIG will receive $650M in cash plus its pro rata share of whatever amount is ultimately paid out to investors in connection with the Countrywide repurchase settlement. In addition, the parties have agreed, subject to the approval of Fannie Mae, Freddie Mac and certain other mortgage holders, to resolve the outstanding mortgage guaranty claims disputes in accordance with agreed-to claims processes and payment formulae.
07:01 EDTBACAIG announces settlement with BofA on residential mortgage related disputes
Subscribe for More Information
06:19 EDTFIATYFord, GM, Chrysler not interested in Tesla patents, Detroit News says
Ford (F), General Motors (GM), and Chrysler (FIATY) either have little interest in Tesla's (TSLA) EV patents or the companies are not sharing their plans, reports the Detroit News. Reference Link
July 15, 2014
17:59 EDTGSGoldman Sachs looks undervalued, Barron's says
Subscribe for More Information
16:40 EDTGSOn The Fly: Closing Wrap
Subscribe for More Information
15:29 EDTBACBank of America July 15.5 straddle priced for 3.1% move into Q2
15:19 EDTBACNotable companies reporting before tomorrow's open
Subscribe for More Information
14:32 EDTBACEarnings Preview: Bank of America to report after peers beat expectations
Subscribe for More Information
12:21 EDTGSOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite better than expected quarterly reports from two of the nation's largest financial institutions. Stock futures improved during the pre-market trading session, leading to a higher open for the broader market, following better than expected earnings reports from JP Morgan (JPM) and Goldman Sachs (GS). The earnings news also came alongside another huge M&A deal, as tobacco giants Reynolds American (RAI) and Lorillard (LO) confirmed plans to merge. However, the major averages weakened throughout the morning and fell into negative ground against the backdrop of Fed Chair Janet Yellen giving testimony on Capital Hill. In the Board of Governors' Monetary Policy Report, the central bank said valuation metrics in "some sectors" appear substantially stretched, "particularly those for smaller firms in the social media and biotechnology industries." ECONOMIC EVENTS: In the U.S., retail sales increased 0.2% in June compared to the month prior, making for the weakest reading since January and missing the consensus forecast for an increase of 0.6%. The Empire State manufacturing index climbed to a four-year high of 25.6 in July, beating expectations for a reading of 16.5. Import prices rose 0.1% in June, with export prices slipping 0.4%. Business inventories grew 0.5% in May, which was just below the 0.6% consensus growth expectation. In Europe, Germany's ZEW survey missed expectations, as both its Current Situation and Expectations reading were lower than forecast. COMPANY NEWS: Shares of JPMorgan advanced nearly 4% after the bank reported a profit of $1.46 a share, which included a legal expense of 13c a share, beating analysts' consensus forecast of $1.29. The earnings report comes after CEO Jamie Dimon recently disclosed that he has throat cancer. During the company's conference call, Dimon said he was "feeling great," that doctors had found no evidence of cancer anywhere except in the location where it had originally been detected, and that his prognosis for recovery is "excellent"... Also in the large-cap bank sector, Goldman Sachs' headline earnings and revenue similarly beat expectations. The firm, which said it ranks first in worldwide announced and completed mergers and acquisitions for the year-to-date, advanced about 1% following its report... Along with JPMorgan in the Dow Jones Industrial Average, Johnson & Johnson (JNJ) reported quarterly sales and profits that beat expectations and the healthcare conglomerate raised its fiscal year EPS view to $5.85-$5.92 from $5.75-$5.85. However, its increased outlook range still fell short of the $5.90 per share consensus forecast that analysts had prior to its report... Reynolds American confirmed news that has been speculated for many weeks, announcing that it will acquire peer Lorillard in a cash-and-stock transaction currently valued at $68.88 per Lorillard share, or a total of $27.4B, including the assumption of net debt. Shares of both fell afterward, with Lorillard down 8% to trade near $61.75 at midday and Reynolds slipping 5%. MAJOR MOVERS: Among the notable gainers was small-cap pharma biotechnology research company Codexis (CDXS), which surged nearly 50% after announcing a collaboration and license agreement with GlaxoSmithKline (GSK). Among the noteworthy losers was Aaron's (AAN), which is engaged in the lease ownership and retail sale of a variety of consumer products. Its stock fell over 6% after the company lowered its second quarter outlook, citing lower than expected performance of its core business as the reason for the revision. INDEXES: Near midday, the Dow was down 33.45, or 0.2%, to 17,021.97, the Nasdaq was down 40.48, or 0.91%, to 4,399.94, and the S&P 500 was down 9.24, or 0.47%, to 1,967.86.
12:10 EDTBACBank of America technical comments ahead of earnings
Subscribe for More Information
11:53 EDTGSGoldman Sachs says Fed's tapering executed 'quite well'
Says Fed's tapering has been a success.
11:26 EDTGSGoldman Sachs doesn't see more significant asset reductions related to review
Doesn't see any more significant asset reductions related to its balance sheet review. Regarding its tax rate, CFO Schwartz says "We're a high taxpayer." Sees headcount increasing by year-end. Says hiring in asset management, cutting staff in fixed income trading.
11:06 EDTGSGoldman Sachs CFO says will consider accretive acquisitions
Subscribe for More Information
10:50 EDTGSGoldman Sachs says asset reductions had 'de minimis' impact on franchise
Subscribe for More Information
10:47 EDTGSGoldman Sachs says undertook 'comprehensive analysis' of balance sheet during Q2
Reports "mixed" operating environment in Q2. Says equity volatility at historically low levels. Says VAR drop driven by volatility, risk positions. Says currency trading was higher in Q2 than Q1, mortgages were flat, credit declined. CFO Harvey Schwartz says company undertook comprehensive review of balance sheet during the quarter. Comments made on the Q2 earnings conference call.
10:12 EDTBACBank of America reports June default rate 3.24% vs. 3.75% last month
Subscribe for More Information
09:21 EDTGSOn The Fly: Pre-market Movers
Subscribe for More Information
07:43 EDTGSGoldman Sachs says ranks first in M&A year-to-date
Goldman Sachs continued its leadership in investment banking, ranking first in worldwide announced and completed mergers and acquisitions for the year-to-date, the company said. The firm also ranked first in worldwide equity and equity-related offerings, common stock offerings and initial public offerings for the year-to-date.
07:41 EDTGSGoldman Sachs CEO says 'pleased' with results in context of operating conditions
Subscribe for More Information
07:40 EDTGSGoldman Sachs reports Basel III Common Equity Tier 1 ratio 11.4% at June 30
Subscribe for More Information
07:40 EDTGSGoldman Sachs reports book value, tangible book value both up 2%
Book value per common share and tangible book value per common share both increased approximately 2% during the quarter to $158.21 and $148.45, respectively. The firm continues to manage its liquidity and capital conservatively. The firmís global core excess liquidity was $170B as of June 30. In addition, the firmís Common Equity Tier 1 ratio was 11.4% as of June 30, under the Basel III Advanced approach. Total assets decreased $56B to $860B as of June 30, resulting from a firmwide initiative to reduce activities with lower returns, including certain client secured financing activities.
07:39 EDTGSGoldman Sachs reports Q2 Investment Banking revenues $1.78B
Subscribe for More Information
07:38 EDTGSGoldman Sachs reports Q EPS $4.10, consensus $3.05
Subscribe for More Information
06:27 EDTFIATYAutomakers backing U.S.-EU trade deal, NY Times reports
Subscribe for More Information
July 14, 2014
15:24 EDTGSNotable companies reporting before tomorrow's open
Subscribe for More Information
14:46 EDTGSGoldman Sachs technical notes ahead of earnings
Subscribe for More Information
14:41 EDTGSGoldman Sachs July 167.5 straddle priced for 2.4% move into Q2
08:03 EDTGSGoldman Sachs volatility increases into Q2 and outlook
Subscribe for More Information
07:48 EDTGSQuantum computer company D-Wave may come public, FT says
Subscribe for More Information
July 11, 2014
08:24 EDTFIATYChrysler issues recall for 895K SUVs due to fire potential, Detroit News says
Chrysler, a division of Fiat, said that it is issuing a recall for 895K sport-utility-vehicles due to fire worries and will reroute wiring for vanity-mirror lights after government regulators decided to upgrade a probe into the problem, according to the Detroit News, citing comments from the Auburn Hills unit of Fiat Chrysler Automobiles. Reference Link
07:34 EDTMSMorgan Stanley July volatility elevated into Q2 and outlook
Subscribe for More Information
07:20 EDTBAC, GS, MSBig banks seen losing reserve release cushion, Reuters says
Releasing loan-loss reserves has helped U.S. big banks weather a period of weak loan demand and lower fee income, but Q2 results from the banks may see less benefit from the practice as loss rates and reserves near their lower limits, said Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
<< 1 | 2 | 3 | 4 | 5 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use