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Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:30 EDTSTT, IVZ, TROW, GHLUBS to hold a conference
Wealth & Asset Management Conference to be held in Boston on June 3.
News For GHL;IVZ;STT;TROW From The Last 14 Days
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April 24, 2015
09:52 EDTSTTState Street says legal accrual may not cover all costs
Says low interest rate continuing to negatively impact NIR, NIM. Says continues to experience high levels of deposits. Says has begun charging customers on deposits. Says Q1 ETF outflows were "seasonal." Says legal accrual may not cover all costs. Says stronger U.S. dollar adversely impacted total fee revenue by approximately $83M vs. 1Q14. If interest rates stay static, sees FY15 operating-basis NIR $2.07B-$2.17B; if interest rates rise, sees operating-basis NIR $2.15B-$2.25B. Says remains well capitalized. Says returning capital to shareholders a "top priority." Says leverage ratios "near-term binding constraint." Says NIR headwinds likely to continue. Comments made on the Q1 earnings conference call. State Street is down 1.41% to $77.09 in morning trading.
08:47 EDTSTTState Street says positive operating leverage remains long-term goal
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08:11 EDTSTTState Street still sees FY15 operating-basis total fee revenue growth 4%-7%
Says long-term operating-basis financial goals include: EPS growth of 10%-15%, revenue growth of 8%-12% and ROE of 12%-15%. Says Q1 EPS decreased from 4Q14 primarily driven by the seasonal deferred incentive compensation expense for retirement-eligible employees and payroll taxes. Continues to see 2015 operating-basis NIR to perform as described in February. Says "no change" to target common equity tier 1 ratio of 10%. Says prudently planning capital actions to be compliant with future phases in regulatory requirements. Says outlook "unchanged" from its investor day in February: Sees FY15 operating-basis total fee revenue growth 4%-7% from FY14, sees operating-basis total fee revenue growth to outpace operating-basis expense growth by at least 200bps vs. 2014. Sees NIR headwinds continuing. Sees FY15 operating-basis effective tax rate of 30%-32%. Comments from slides that will be presented on the Q1 earnings conference call.
06:25 EDTSTTState Street reports Q1 operating EPS $1.17, consensus $1.05
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April 23, 2015
16:21 EDTGHLGreenhill & Co. reports Q1 EPS 25c, consensus 28c
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15:01 EDTSTTNotable companies reporting before tomorrow's open
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07:37 EDTTROWT. Rowe Price capital returns should limit share downside, says UBS
UBS noted T. Rowe Price missed its Q1 estimates due to softer revenues but believes the company's stock buybacks and dividends should limit the share's downside. UBS reiterated its Buy rating and $91 price target on T. Rowe Price shares.
April 22, 2015
07:38 EDTTROWT. Rowe Price says US economy expected to grow at modest pace
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07:37 EDTTROWT. Rowe Price reports assets under management at March 31 were $772.7B
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07:36 EDTTROWT. Rowe Price reports Q1 EPS $1.13, consensus $1.14
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April 21, 2015
15:28 EDTTROWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 42c... Boeing (BA), consensus $1.81... McDonald's (MCD), consensus $1.06... EMC (EMC), consensus 36c... Abbott Laboratories (ABT), consensus 42c... Thermo Fisher Scientific (TMO), consensus $1.61... Bank of New York Mellon (BK), consensus 59c... TE Connectivity (TEL), consensus $1.01... T. Rowe Price Group (TROW), consensus $1.14... St. Jude Medical (STJ), consensus 91c... Amphenol (APH), consensus 56c... Nielsen (NLSN), consensus 47c... Citizens Financial Group (CFG), consensus 34c... Autoliv (ALV), consensus $1.31... D.R. Horton (DHI), consensus 38c... Westinghouse Air Brake Technologies (WAB), consensus 95c... Huntington Bancshares (HBAN), consensus 19c... SEI Investments (SEIC), consensus 49c... AutoNation (AN), consensus 89c... Gentex (GNTX), consensus 25c... Ryder System (R), consensus $1.00... Owens Corning (OC), consensus 13c... NuStar Energy (NS), consensus 58c... Six Flags (SIX), consensus (67c)... Tupperware Brands (TUP), consensus 98c... MarketAxess Holdings (MKTX), consensus 64c... Lithia Motors (LAD), consensus $1.22... Knight Transportation (KNX), consensus 31c... Evercore Partners (EVR), consensus 58c... Potlatch (PCH), consensus 19c... Natus Medical (BABY), consensus 29c... AZZ (AZZ), consensus 59c... United Community Banks (UCBI), consensus 29c... Sonus Networks (SONS), consensus (31c)... Angie's List (ANGI), consensus 0c... Pacific Premier Bancorp (PPBI), consensus 27c.

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