News Breaks |
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| February 12, 2013 |
| 14:29 EDT |  | FII, BEN, TROW | Federal Reserve presidents support money market mutual fund reform in letter
The presidents of the twelve Federal Reserve Banks have submitted a joint letter responding to the Financial Stability Oversight Council's proposal on money market mutual fund reform, according to an announcement posted to the site of the Federal Reserve Bank of Boston. The twelve Reserve Bank presidents support the Council's efforts to address the structural vulnerabilities of MMFs. They also agree with the Council's determination that MMFs' activities and practices could create or increase the risk of liquidity and credit problems spreading through the financial system. In the letter, the Reserve Bank presidents discuss the risks associated with MMF activities and practices, focus on issues that should be addressed as part of any reform proposal, such as enhancing the accuracy of market-based net asset values, present observations on each of the three reform alternatives in the Council’s proposal, discuss why standby liquidity fees and temporary redemption gates would not address financial stability risks, and concur with the Council that more than one alternative could address the financial stability concerns posed by MMFs – for example, fund sponsors could be permitted to offer both a floating NAV fund and separately a stable NAV fund with a capital buffer or a buffer coupled with a Minimum Balance at Risk. The Fly notes that Federated Investors (FII) CEO Christopher Donahue has been an outspoken opponent of an effort to impose new regulations on the industry. Reference Link |
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News For FII;TROW;BEN From The Last 14 Days Check below for free stories on FII;TROW;BEN the last two weeks. |
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| May 21, 2013 |
| 10:00 EDT |  | BEN | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Acquity Group (AQ) downgraded to Neutral from Buy at Roth Capital... Beazer Homes (BZH) downgraded to Neutral from Buy at Sterne Agee... CME Group (CME) downgraded to Neutral from Outperform at Macquarie... Carnival (CCL) downgraded to Neutral from Buy at UBS... Coach (COH) downgraded to Equal Weight from Overweight at Morgan Stanley... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... First Republic Bank (FRC) downgraded to Hold from Buy at Jefferies... Franklin Resources (BEN) downgraded to Neutral from Outperform at Macquarie... Life Technologies (LIFE) downgraded to Underperform from Outperform at CLSA... Oil States (OIS) downgraded to Neutral from Buy at Sterne Agee... Raymond James (RJF) downgraded to Market Perform from Outperform at Wells Fargo... VF Corp. (VFC) downgraded to Market Perform from Outperform at Wells Fargo... WellCare (WCG) downgraded to Neutral from Buy at Goldman... Huaneng Power (HNP) downgraded to Neutral from Buy at Citigroup... Comerica (CMA) downgraded to Neutral from Buy at DA Davidson... Beazer Homes (BZH) downgraded at Sterne Agee... Oil States (OIS) downgraded at Sterne Agee... eHealth (EHTH) downgraded to Neutral from Buy at Lazard Capital... Carnival (CCL) downgraded to Market Perform from Outperform at Wells Fargo... Warner Chilcott (WCRX) downgraded to Neutral from Positive at Susquehanna. |
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| 10:00 EDT |  | TROW | On The Fly: Analyst Upgrade Summary
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| 06:01 EDT | | BEN | Franklin Resources downgraded to Neutral from Outperform at Macquarie
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| May 20, 2013 |
| 16:24 EDT | | TROW | T. Rowe Price upgraded to Outperform from Market Perform at Bernstein
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| May 13, 2013 |
| 10:09 EDT | | BEN | On The Fly: Analyst Upgrade Summary
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| 06:44 EDT |  | TROW | T. Rowe Price coverage assumed with a Neutral at UBS
Target $77. |
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| 06:44 EDT | | BEN | Franklin Resources upgraded to Buy from Neutral at UBS
UBS assumed coverage on Franklin Resources with a Buy rating from a Neutral rating. The analyst is positive on Franklin's diversified AUM base, global offerings, and equity franchise. Price target raised to $185 from $158. |
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| 05:44 EDT | | BEN | Franklin Resources upgraded to Buy from Neutral at Citigroup
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| May 10, 2013 |
| 11:35 EDT | | BEN | Franklin Resources reports 11.0% passive stake in Banro Corporation
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| May 9, 2013 |
| 07:49 EDT |  | BEN | Franklin Resources added to Select List at Stifel
Stifel added Franklin Resources to its Select List after the company's April AUM came in above expectations. The firm thinks the company's positive flow trend is sustainable and it raised its estimates for the company while keeping a Buy rating on the shares. |
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| May 8, 2013 |
| 17:11 EDT | | BEN | Franklin Resources reports preliminary AUM $847.5B as of April 30
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