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Stock Market & Financial Investment News

News Breaks
July 21, 2014
16:40 EDTFITB, MSFifth Third Bancorp in share repurchase pact with Morgan Stanley
Fifth Third Bancorp (FITB) disclosed in a filing, that on July 21, Fifth Third Bancorp entered into a share repurchase agreement with Morgan Stanley (MS) pursuant to which Fifth Third will purchase approximately $225M of its outstanding common stock. Fifth Third is repurchasing the shares of its common stock as part of its 100M share repurchase program previously announced on March 18.
News For FITB;MS From The Last 14 Days
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May 28, 2015
06:57 EDTMSMorgan Stanley picked by GE as adviser for Japan leasing sale, Bloomberg reports
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May 27, 2015
06:57 EDTMSAbbVie enters into ASR with Morgan Stanley to repurchase $5B of stock
AbbVie (ABBV) said in a regulatory filing that on May 26, it entered into an accelerated share repurchase agreement with Morgan Stanley (MS) to repurchase $5B of AbbVies common stock. Morgan Stanley is expected to make an initial delivery of approximately 68 million shares of AbbVies common stock on May 27, which represents 90% of the prepayment amount divided by the closing price of AbbVies common stock on May 26. At settlement of the agreement, Morgan Stanley may be required to deliver additional shares of AbbVies common stock to AbbVie or, under certain circumstances, AbbVie may be required to deliver shares of its common stock or may elect to make a cash payment to Morgan Stanley. The total number of shares of AbbVies common stock to be repurchased under the agreement will be based on the daily volume-weighted average price of AbbVies common stock during the term of the transaction, less a discount and subject to adjustment pursuant to the terms of the agreement. The final settlement of the transactions under the agreement is expected to occur before the end of 4Q15 and may be accelerated at the option of Morgan Stanley.This agreement was entered into pursuant to AbbVies previously disclosed share repurchase authorization and in connection with AbbVies previously announced acquisition of Pharmacyclics, which was completed on May 26.
May 20, 2015
10:00 EDTFITBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
08:21 EDTMSATM data theft soars to highest rate in two decades, WSJ says
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06:36 EDTFITBFifth Third downgraded to Neutral on valuation at Baird
As previously reported, Baird downgraded Fifth Third to Neutral from Outperform. The firm maintained its $21 price target and downgraded shares due to balanced risk reward.
06:16 EDTFITBFifth Third downgraded to Neutral from Outperform at Baird
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06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
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May 19, 2015
09:58 EDTFITBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:45 EDTFITBFifth Third upgraded on Vantiv outlook at Oppenheimer
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06:15 EDTFITBFifth Third upgraded to Outperform from Perform at Oppenheimer
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May 18, 2015
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
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May 14, 2015
06:04 EDTMSUnivision IPO could launch 'in weeks,' NY Post reports
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