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Stock Market & Financial Investment News

News Breaks
February 27, 2014
07:08 EDTBBT, FNMA, SNV, TRMKFederal Reserve Bank of Atlanta to hold a conference
2014 Banking Outlook Conference is being held in Atlanta on February 27.
News For FNMA;SNV;TRMK;BBT From The Last 14 Days
Check below for free stories on FNMA;SNV;TRMK;BBT the last two weeks.
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September 19, 2014
10:06 EDTSNVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
08:25 EDTSNVSynovus upgraded to Strong Buy from Outperform at Raymond James
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September 17, 2014
13:28 EDTFNMAWells Fargo eases lending requirements for buying apartments, Financial Times says
Wells Fargo (WFC) is easing lending requirements for apartment purchases, reports the Financial Times. In an interview, the head of Wells Fargo mortgage production Franklin Codel said, “We’re tweaking our condo approvals to make them more consistent with what Fannie Mae (FNMA) and Freddie Mac (FMCC) allow." Reference Link
September 16, 2014
09:11 EDTFNMAFannie Mae prices $986M multifamily DUS REMIC under GeMS program
September 15, 2014
16:27 EDTBBTBB&T releases results of its mid-cycle stress test
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September 12, 2014
16:22 EDTFNMAHSBC confirms settlement agreement with FHFA
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13:27 EDTFNMAHSBC pays $600M to resolve FHFA mortgage bond allegations, WSJ says
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September 11, 2014
09:22 EDTBBTBB&T sees 2015 organic growth 4%-6%
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09:15 EDTBBTBB&T expects 2H14 average total loan growth to be 3%-5%
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September 8, 2014
11:29 EDTBBTBB&T to host investor day
Investor Day to be held in New York on September 11 at 9 am. Webcast Link
09:17 EDTBBTBB&T to acquire Bank of Kentucky for $363M
BB&T (BBT) and The Bank of Kentucky Financial Corporation (BKYF) announced the signing of a definitive agreement under which BB&T will acquire The Bank of Kentucky in a cash and stock transaction for total consideration valued at approximately $363M. The Bank of Kentucky, headquartered in Crestview Hills, Ky., has $1.9 billion in assets, $1.6 billion in deposits and 32 banking offices in Northern Kentucky and Cincinnati. Under the terms of the agreement, which was approved by the Board of Directors of each company, shareholders of The Bank of Kentucky will receive 1.0126 shares of BB&T common stock and $9.40 of cash for each share of The Bank of Kentucky common stock. Based on BB&T's 14-day average closing price of $37.13 as of September 4, 2014, shareholders of The Bank of Kentucky will receive $47.00 per share BB&T expects this acquisition to be accretive to earnings per share in the first full year and to exceed its IRR hurdle. The transaction is subject to customary closing conditions including regulatory approvals and approval of The Bank of Kentucky shareholders.
07:10 EDTSNVSynovus sees slight downward pressure on NIM during 2H14
Says annualized loan growth expected to exceed 4% for 2H14. Says closing of 13 bank branches across five state footprint planned for Q4, sees total restructuring charges related to closures of approximately $13M. Says implementation of new expense savings of approximately $30M remains on track. Comments from slides that will be presented at the Barclays Global Financial Services Conference.

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